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Bible, Edward / Annual overall economic development program report, 1996/1997
(October 1996)
Chapter II: Assessment of economic development efforts of the past year, pp. [unnumbered]-16
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CHAPTER II ASSESSMENT OF ECONOMIC DEVELOPMENT EFFORTS OF THE PAST YEAR INTRODUCTION The Southwestern Wisconsin Regional Planning Commission has had an on-going economic development planning program for several years, funded through a grant from the U.S. Department of Commerce, Economic Development Administration (EDA). In recognition of the Commission's multi-county approach to economic development, the U.S. Department of Commerce designated the Commission's service area of Grant, Green, Iowa, Lafayette and Richland counties as an Economic Development District in August of 1986. The Commission has concluded its thirteenth planning grant period which began on July 1, 1995. This report is generally for the twelve-month period ending on June 30, 1996. The Overall Economic Development Program (OEDP) serves as the reference base for economic development activities in the region and in which the Commission becomes involved. In addition, information from the OEDP is provided to economic development interests from the public and private sectors, and is used in their economic development efforts. An assessment of economic development activities carried out by the Commission over the past year is discussed in this chapter. MAJOR ECONOMIC DEVELOPMENT PROGRAM ELEMENTS: The planning grant work program includes three items which form a broad-based framework under which the Commission carries out its economic development activities. These are: 1) The maintenance and updating of the region's Overall Economic Development Program (O.E.D.P.), to include an analysis of the Districts' economy; 2) The refinement of linkages between the District's economic planning strategy and developmental process and the area's real economic development potentials; and 3) A development of follow-through capabilities and capacities to insure implementation of economic development investments and capacity building efforts for the purpose of developing continued and/or increased economic benefits for local areas. PROVIDE TECHNICAL ASSISTANCE TO LOCAL UNITS OF GOVERNMENT IN AN EFFORT TO FACILITATE THEIR ABILITY TO UNDERTAKE ECONOMIC DEVELOPMENT Continued Flood Recovery Efforts: In March 1995, a EDA regional revolving loan fund grant for $330,000, targeted to businesses either directly or indirectly impacted by flooding, was accepted by the regional planning commission. The Commission subsequently established a not-for-profit non-stock corporation to work with the Commission in screening, reviewing and approving flood-recovery 7
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