November 18, 2008

Private Sector is presently at 69% of $9,000,000

The private business sector has presently raised $6,205,500 of a $9,000,000 goal. As the campaign continues, there are many firms who are considering their level of support and more to be contacted. An additional 16 investors have committed since our official Campaign Kick-Off on October 7th. The early investors in The Greater Richmond: Globally Focused, Regionally Competitive 2009-2014 program are listed here.

You Can't Cut Your Way to Prosperity:
Why in Tight Budget Times, Funding for Economic Development Is More Important Than Ever

The following link brings you to the timely article from the International Economic Development Council regarding the critical importance of investment in economic development organizations particularly during challenging times.  It lays out a list of To-Do's that validate the steps of the Greater Richmond Partnership has already undertaken in response to local business news and our role as the region's economic development leader.  In the latter part of November, the Partnership will formally announce a revised strategic action plan developed to ensure the business community in our region continues to move forward and thrive.

http://www.fundinggrp.biz/docs/IEDC_EDNOW_110308.pdf