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Item 3: Regional Economic Development Plan
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Item 3: Regional Economic Development Plan
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6/17/2010
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Progress Matrix: <br />Regional Economic Development Plan <br /> Attachment B <br /> <br />Action <br />Strategy Lead Status <br /> <br />(based on Initiatives/Tactics) <br /> <br />One-Stop Business Assistance Center <br />: Provide easy LCC Plans are underway. LCC convened a group consisting of the cities of <br />#1 <br />access to business assistance services. Physical Business Eugene and Springfield, Lane County, and e-Dev. Working with <br />Business Retention <br />locations, web presence, seamless referral to other Development marketing consultant on web development and communications <br />& Expansion <br />agencies and institutions. Center strategy. <br /> <br />(Growing Local <br />Opportunities) <br /> <br />County has hired full-time staff to work on business development issues <br />Small Cities/Rural Initiative: <br />Provide staff and <br />in the small cities and rural areas. Currently working with a dozen <br />financial resources to support business development Lane County <br />opportunities. County may also provide financial support through lottery <br />opportunities in the “balance of the County.” <br />funding mechanisms. <br />Expanded Small Business Assistance: <br />Assist start-The Eugene Chamber will fund a new, ongoing position to provide <br />Eugene <br /> ups and existing businesses with information, training, support to new ventures as part of a multi-faceted Chamber strategy that <br />Chamber <br />and resolution of issues. aligns with elements of the Regional Economic Development Strategy. <br />LCOG provides small business loans through Federal SBA, EDA and <br />LCOG; rural development programs (annual volume ~ $10 million). City of <br />Business Financing: <br /> Provide supplementary finance <br />Cities of Eugene provides small business loans through the Business <br />programs to assist with business development and <br /> Eugene Development Fund (annual volume ~ $1 million) and provides <br />expansion. Use public financing programs to enhance <br />& downtown development loans (annual volume ~ $1.2 million). City of <br />businesses’ access to conventional financing sources. <br />Springfield Springfield has limited funds within CDBG targeted Downtown area for <br />annual allocation of funds. <br /> <br />#2 <br />Willamette Angel Network: <br />The Eugene Chamber <br />Chamber supported the Willamette Angel Conference (May 13) and <br />Entrepreneurial <br />sponsors both the ongoing Southern Willamette Angel <br />included the recruitment and training of 33 angel investors from the <br />Infrastructure <br />Network and the annual Willamette Angel Conference Eugene <br />Willamette Valley, 17 from Eugene/Springfield. Good Clean Love, a <br /> <br />to stimulate regional investor interest to work with and Chamber <br />(Creative Economy) Eugene company, received an investment award in the presentation <br />fund emerging enterprises. The Chamber is committed <br />competition. <br /> <br /> <br />to growing this effort. The Network hopes to. <br />Business and Industry Cluster/Associations: <br />Work <br />on the development of industrial clusters, associations, Eugene Chamber announced business support program including <br /> <br />and networks to encourage general business growth Chamber Cluster/Association work as part of a multi-faceted program. <br />and development within targeted industries. <br />
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