Even though some economic indicators are showing positive signs, many businesses are not feeling the impact. However, the Industrial Development Authority (IDA) is making plans to be ready when the economy does turn and industry starts implementing long term expansion plans.
In December, the IDA shared their new Economic Development Plan with Wayne County Commissioners. While all of the specific objectives are not fully developed, the plan attempts to take a comprehensive approach to readying our community to attract new businesses, while working with existing business to grow and expand.
The plan lays out a six-prong approach with goals and strategies for each area: business retention and expansion, recruitment, site development and expansion, marketing and increased funding for the IDA.
On the recruitment front, one of the most important aspects of the plan is to pursue the development of a
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