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Platte County EDC Releases 2002 Annual Report

February 2003

by Alicia Stephens

Platte County EDC releases 2002 Annual Report

The Platte County Economic Development Council (PCEDC) released its Annual Report for 2002. It can be accessed via the web at www.plattecountyedc.com , click on News and Events.

The Annual Report lists some of the PCEDCˇ¦s accomplishments including the following:

„« Completed the 1st ever Platte County Economic Development Council 5-year Strategic Business Plan.

„« Completely redeveloped, enhanced and implemented an overhaul of the PCEDC Human Resources Manual.

„« The Missouri Western Small Business Institute conducted a funding analysis of the PCEDC. This was the first comprehensive review of regional economic development funding structures conducted on behalf of the PCEDC.

„« The board of directors approved the recommendations of the Missouri Western study. This created new investor categories and benefits.

„« Both the private and public monetary support of the PCEDCˇ¦s mission substantially increased from 2001.

„« The Platte County Industrial Development Authorityˇ¦s (IDA) administrative services were moved to the PCEDC.

„« The Platte County IDA closed on their first bond issue in over 13 years. The issue was for over $12 million to build the new interchange at Missouri Highway 152 & NW Ambassador Drive.

„« By the end of 2002, the IDA had another $7 million in bond issues that were in progress.

„« Completed the petition and public approval process to create the KCI/I-29 Community Improvement District. This district will rebuild some of the public infrastructure in the former Executive Hills North Business Park.

„« On the marketing front, the PCEDC published its first 4-color brochure and completely redesigned the PCEDC website, www.plattecountyedc.com.

„« The PCEDC assisted in the successful completion of three business location projects. These projects will invest over $143 million in Platte County and will create over 100 new jobs.

The Platte County EDC is a not-for-profit organization funded by public and private partnership investors. For more information, go to www.plattecountyedc.com.

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