As an expert in economic development and a resident of Clark County, Washington, I am often asked about the role of local economic development agencies in boosting businesses in this area. The answer is simple: yes, there is a local economic development agency in Clark County that is dedicated to supporting and promoting businesses in the region.
Understanding Local Economic Development Agencies
Before delving into the specifics of the local economic development agency in Clark County, it is important to understand what these agencies are and what they do. A local economic development agency, also known as an economic development corporation or council, is a non-profit organization that works to promote economic growth and development in a specific region or community. These agencies are typically funded by local governments, businesses, and other stakeholders who are invested in the economic success of the area. They work closely with businesses, entrepreneurs, and other organizations to provide resources, support, and guidance to help them start, grow, and succeed.The Crucial Role of Local Economic Development Agencies
The main role of a local economic development agency is to attract and retain businesses in the region.This involves creating an environment that is conducive to business growth and success. This can include providing access to funding, offering business development programs and services, and advocating for policies that support economic growth. Local economic development agencies also play a crucial role in promoting the region as a desirable place to do business. They work to attract new businesses and industries to the area by highlighting its strengths and advantages. This can include its location, workforce, infrastructure, and other factors that make it an attractive place for businesses to operate.
The Local Economic Development Agency in Clark County, Washington
Now, let's take a closer look at the local economic development agency in Clark County, Washington.The agency responsible for promoting economic development in this area is called the Columbia River Economic Development Council (CREDC).The CREDC was established in 1982 and has been working tirelessly to support and promote businesses in Clark County ever since. It is a private, non-profit organization that is funded by both public and private sources, including local governments, businesses, and individuals. The mission of the CREDC is to create jobs and promote economic growth in Clark County by attracting new businesses, supporting existing businesses, and advocating for policies that support economic development. They work closely with businesses of all sizes, from small startups to large corporations, to provide resources and support that help them succeed.
Services Offered by the CREDC
The CREDC offers a wide range of services to businesses in Clark County. These services are designed to help businesses start, grow, and succeed in the region.Some of the key services offered by the CREDC include:
- Business Development Programs: The CREDC offers a variety of programs and workshops designed to help businesses develop their skills and knowledge. These programs cover topics such as marketing, finance, and business planning.
- Access to Funding: The CREDC works closely with local banks and other financial institutions to provide businesses with access to funding. They also offer assistance with grant applications and other funding opportunities.
- Site Selection Assistance: If you are looking to start or expand your business in Clark County, the CREDC can help you find the perfect location. They have access to a database of available properties and can provide you with valuable market data to help you make informed decisions.
- Advocacy: The CREDC is a strong advocate for businesses in Clark County.
They work closely with local and state governments to advocate for policies that support economic growth and development in the region.
Success Stories
The CREDC has been instrumental in helping many businesses start, grow, and succeed in Clark County. One such success story is that of Wacom, a global leader in digital pen technology. The CREDC worked closely with Wacom to help them secure funding and find the perfect location for their headquarters in Clark County. Today, Wacom employs over 200 people in the region and continues to grow and thrive. Another success story is that of Barre3, a fitness studio franchise that started in Portland, Oregon and has since expanded to over 150 locations worldwide.The CREDC provided Barre3 with valuable market data and helped them find the perfect location for their first studio in Clark County. Today, Barre3 has multiple locations in the region and continues to grow.
In Conclusion
The local economic development agency in Clark County, Washington plays a crucial role in promoting economic growth and development in the region. The Columbia River Economic Development Council (CREDC) offers a wide range of services to businesses of all sizes, from startups to large corporations. With their support and guidance, many businesses have been able to start, grow, and succeed in Clark County.If you are a business owner or entrepreneur in this area, be sure to reach out to the CREDC for assistance and support.
