Recognizing Our Community’s Growth During National Economic Development Week
4 May 2020
The International Economic Development Council (IEDC) has set May 4 - 9 as the 2020 National Economic Development Week #EconDevWeek. This is the fifth Annual Economic Development Week campaign and an opportune time to reflect on the importance of local economic development efforts to building a vibrant and sustainable Fremont.
The International Economic Development Council (IEDC) created EDW in 2016 to help raise awareness for the profession. Economic Development Organizations (EDOs) are often misunderstood because their activities happen behind the scenes, outside of the public eye.
EDW is a chance to recognize economic developers, the local leaders and organizations, like the Greater Fremont Development Council, who work tirelessly to recruit investors, develop businesses, create jobs, enhance the tax base and ultimately improve the quality of life of their communities.
What the Greater Fremont Development Council Does to Improve the Economy
Did you know that the Greater Fremont Development Council provides a comprehensive range of critical services geared towards building the local economy and supporting area businesses?
Here are some of the primary ways we work to better our community:
GFDC has launched initiatives like ‘Here We Grow’ - a campaign that brings the community together by demonstrating how we grow together as residents and businesses. This collaborative campaign helps us to celebrate success and build on the good things happening throughout our community.
Improve quality of life
GFDC has tackled important quality of life projects that include creating programs and funding mechanisms to support the development of additional housing units. We understand the importance of having a wide variety of housing options and have made this a top priority over the past couple of years. We are also at the forefront of diversity and inclusion initiatives designed to ensure that everyone has a seat at the table and that our community is welcoming so that we can continue to grow.
Support for entrepreneurs and small businesses
GFDC is a valuable resource for new and developing companies. From advising on basic topics like business planning to helping find a location and identify financing, these services are integral to helping early-stage businesses succeed.
Business retention and expansion
Because existing businesses are crucial to local economies, we offer services to help them problem-solve, succeed and expand. This might be as simple as offering advice or technical assistance. Or it might entail helping a company access funds to enable renovations, equipment upgrades or infrastructure improvements.
Assistance with workforce development
Finding skilled workers is one of the primary challenges for businesses today. That’s why economic developers work closely with local partners to help build and maintain a strong local workforce. GFDC commonly help companies with recruitment as well as the development of specialized training for in-demand jobs.
Marketing and promotion
GFDC is at the forefront of marketing our community to attract prospective investors and residents. We promote our community’s assets and business advantages in order to create awareness and opportunities.
Learn more about the Greater Fremont Development Council and how we’re working to strengthen the area economy!