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Boone EDC Weekly
Greetings from the Boone EDC,
Welcome to Boone EDC Weekly.
As an organization, the Boone EDC is constantly researching and benchmarking to learn what our competing communities are doing to attract and retain business. Boone EDC Weekly is a compilation of noteworthy National and Indiana news about economic development trends. We will also post information about upcoming conferences, events, and
webinars that you may find interesting.
Boone EDC Weekly is another tool that you can refer to as a community leader to help Boone County continue to move forward in a positive manner.
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| Ohio Wins Site Selection Magazine's Governors Cup for 2011
Ohio has won the 2011 Site Selection Governor's Cup, which the 58-year-old Atlanta-based magazine has awarded annually since 1978 to the U.S. state with the most new and expanded corporate facilities as tracked by Conway Data Inc.'s New Plant Database. Conway Data publishes Site Selection, the senior publication in the corporate real estate and economic development field, and the official publication of the Industrial Asset Management Council.
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Delaware County Revises Economic Development Deal
Delaware County has restructured an economic development agreement with Brevini Wind USA. The revisions extend a job creation target for wind turbine gear box manufacturer by about one year. That should coincide with plans to finish construction of a rail spur to help the company. The county should also gain an additional $5 million over the life of a tax increment financing district, which will likely be used to help fund more improvements in the area.
Click here to learn more.
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Kentucky Awards Grants to Promising Small High Tech Companies
17 high-tech Kentucky companies will share $6.2 million in state funds as part of a program to support and attract technology-based small businesses. Through the state's competitive Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds program, Kentucky matches all or part of federal SBIR-STTR awards received by Kentucky-based companies or those willing to relocate operations to Kentucky.
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USDA Seeks Applications for Rural Economic Development
Agriculture Secretary Tom Vilsack announced on March 5th that USDA is seeking applications for loans and grants to help rural businesses create jobs and spur economic development. The funding is being provided under the Rural Economic Development Loan and Grant (REDLG) program.
Click here to learn more.
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Innovation Leading to Higher Unemployment
Technology entrepreneurs love to talk about disruption while simultaneously touting themselves as job creators, but the two roles are often contradictory. By definition, disruptive innovations are characterized by a streamlining of process or product that is more efficient. Typically, the inefficiencies removed from the incumbent system result in less required labor. Less labor means fewer jobs.
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How Local Economies Grow and Expand
This is a great publication from "Site Selection Magazine" that outlines the flow of money to a local economy. It goes into great depth regarding planning for growth, how growth impacts your local economy, and best practices for economic development.
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IEDC Web Seminar: Economic Development in a Digital World
Small businesses are the base of our national economy. To survive a recession, new strategies focusing on supporting entrepreneurs and small businesses are required. This web seminar will explore how economic developers can better incorporate home based workers and businesses into their local economy. It will also explore how we can now access our offices virtually, which means workers no longer need to live in the same region as their business.
When: Wednesday March 21, 2012 @ 11 a.m. EST
Cost: $85 for IEDC members, $125 for Non-members
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CDFA Webcast Series
Redeveloping and Revitalizing Ohio
Redeveloping and revitalizing the downtown area is a challenge for municipalities of all sizes. During this free webcast, the CDFA Ohio Financing Roundtable will explore the potential for a new, financing-based approach to revitalizing our state's great downtown districts. Hear from a panel of development finance, real estate and business development experts as the panel discusses emerging programs and tools for catalyzing a transformational redevelopment initiative based on access to capital, land acquisition, investor development and innovative strategies.
When: Wednesday March 28th, 2012 @ 1:00 p.m. Eastern
Cost: Free
The Science Behind getting TIF Deals done
Tax increment finance is both an art and a science, and every state does TIF differently. Despite this, the most successful TIF deals across the country have common traits and fact-backed analytics to support them. What are these common traits and analytics, and how can you apply them to your deals? During this installment of the CDFA-Stone & Youngberg Tax Increment Finance Webcast Series, hear experts from model TIF programs discuss their quantitative and analytics-based approaches for consistently closing quality, and sustainable, TIF deals in their communities.
When: Thursday, April 5th, 2012 @ 1:00 p.m. Eastern
Cost: Free
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Nominate a Company to Watch
 The 2012 Indiana Companies to Watch awards program honors Indiana headquartered second-stage companies that demonstrate high performance in the marketplace or exhibit innovative products or processes. This program seeks businesses from all industries and all regions of the state. For eligibility and other information, visit the link below. |
Meeting Dates:
Boone County Commissioners: - April 2 @ 9 a.m. Boone County Council: - April 10 @ 8:30 a.m. Boone County APC: - April 4 @ 7 p.m. Boone County RDC: - April 20 @ 2 p.m. Advance Town Council: - April 9 @ 7 p.m. Jamestown Town Council: - April 3 @ 7 p.m. Lebanon City Council: - March 26 @ 7 p.m. Thorntown Town Council: - April 16 @ 7 p.m. Whitestown Town Council: - April 10 @ 6:30 p.m. Zionsville Town Council: - April 2 @ 7 p.m. Boone EDC Board of Directors: - March 22 @ 4 p.m. Boone EDC Executive Committee:
- April 12 @ 7:30 a.m.
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