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Friday, Apr. 29, 2016

Annual CAEDC Action Report

Tuesday, October 28, 2008

For publication 10-29-08 :

To follow is a brief overview of the Annual Report that is held for public view at the office of CAEDC at 418 W. Cedar St., Ste. B, Cherokee, IA.

This past year the Board was consolidated from 18 to 14 members. The seats on this board are as follows: 1 seat for Washta, Quimby, Cleghorn, Meriden, Marcus, Larrabee, and Aurelia, 5 seats for Cherokee, 1 seat for a Cherokee City Council member and 1 for a Cherokee Co. Board of Supervisors member. These Board members meet once each month to review what has been accomplished and to give direction toward what will happen in the future.

Groundbreaking and grand openings were done for Harvest International, Marcus Hometown Guesthouse, Soy Energy, The Gardens, Aurelia Community Center and the Cleghorn Community Center. Eight existing businesses in the area received assistance through CAEDC, CIC, and IDED.

This year saw the updating of our website, cherokeeia.com. This is now an attractive and modern website offering information for both business and individuals looking to locate in Cherokee County.

The Intermediary Re-lending Program (IRP) added another loan to its portfolio, extending funding to another Main Street business.

This year Synchronist business software was made available to us through our partnership with NW Iowa Developers. This allows us to input information collected at business visits to help us determine future opportunities for complimentary businesses to come to our County. This system also helps us to address problems businesses are encountering with positive solutions. All information is treated with the utmost confidentiality.

Joint ventures with Alliant, Mid-American,Iowa Lakes Electric Cooperative and NW IA Developers helped to make the trip to the World Ag Expo and the World Diary Expo possible. Our partnership with NW IA Developers also gave us a presence at nineteen other events throughout the United States. Leads are gathered from the over 100,000 attendees of these events and then extensive follow-up is done both locally and regionally.

Cherokee Area Economic Development Corporation continues to update our constituents through radio interviews and newspaper articles. This flow of information helps to keep everyone informed of what the office is doing and potential opportunities to become involved in the growth of the area.

CAEDC is involved with the collection of labor statistics in Cherokee County and an annual laborshed analysis both of which are essential for potential business and industry leaders to access.

Every year CAEDC also hosts an Annual Recognition Banquet. This event allows groups, organizations and cities throughout Cherokee Co. to recognize community volunteers and businesses for a job well done.

CAEDC continues to help support the completion of the four-lane expansion of Highway 20 through Sioux City, by being actively involved in the Highway 20 Association CAEDC has helped to secure legislation to see that project completed.

CAEDC is looking at 2008-2009 with optimism. We plan to continue our mission of supporting existing businesses while pursuing new companies.

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