Monday, October 6, 2014

Economic Development Advisory Committee to Focus on Attracting Business Investment

The 15-member Economic Development Advisory Council (EDAC), recently appointed by Mayor Randy McClement, is poised to provide advice and specific recommendations on how to help ensure The City of Frederick, today and in the future, is a preferred community on the Baltimore-Washington region to attract private business investment, jobs and economic opportunity.

The group will be focusing providing guidance on:
  • Sound regulatory policies affecting business & industry
  • Annual economic development work program & budget
  • Business development incentives
  • Evaluation methodology to determine efficiency of economic development programs
  • Special issues/projects assigned by the Mayor & Board of Aldermen
  • Community education on economic & business development topics
The EDAC has had several preliminary meetings and co-chairs have been appointed by the Mayor as well, April Reardon and Rocky McIntosh.

“Guidance from Economic Development Advisory Council members can help ensure that The City of Frederick, both today and into the future, is the preferred community in the region for attracting private business investment, jobs, and economic opportunity,” said Mayor McClement.

The 16-member council has representation from the following sectors in Frederick: manufacturing, biotechnology, advanced technology, information technology, healthcare, tourism, retail, financial institutions, commercial brokers and developers, and major employers. The Council will have additional multi-organizational representation from its economic development partner organizations to round out discussion and input on issues/policies from varying perspectives.

“It’s important for us to hear directly from our business community,” said Alderman Josh Bokee, who was instrumental in developing the ad-hoc committee. "They're participation is key in helping the City to be one of the best places for both private investment and job creation to occur", said Bokee.
Richard Griffin, Director of Economic Development for the City of Frederick shares,“The Council is intended to provide multi-discipline expertise to supplement staff skills and identify ways to improve its business services, programs, incentives, policies, and advocacy,” he added. 

Questions, contact the DED office at 301-600-6360.

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