X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SPOKANE, WA-The Economic Development Council here will be adding business retention to its list of duties for 2001. The EDC has been a business recruitment tool, but until now has not focused on nurturing and supporting a company’s ongoing needs, such as the need for space to expand without having to leave the community.

To help make it happen, the council plans also to increase public involvement in funding the EDC, nearly 90% of which has historically come from the private sector. With an annual budget in the vicinity of $1 million, the Spokane EDC’s budget is smaller than that of the less populated Walla Walla County. Reports place the budget of Walla Walla, which has 13% of Spokane County’s population, at $.4.5 million for 2001. The Spokane EDC is anticipating a 2001 budget of $1.4 million.

The council has begun conducting meetings with other area organizations to clearly focus its revised role in the Spokane economy. Those talks are anticipated to continue on into next year. The EDC hopes to received the funding to add four new members to its current eight-member staff, including two new business-development positions in the first quarter of 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.