Resolution No. 32-2017 - Amended Industrial Revolving Fund Plan

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2.4.Workforce Development Create a diverse regional economy for employers and employees Encourage an atmosphere for entrepreneurship opportunities and activities. 2.5.At the regional level MACOG is responsible for overseeing implementation of development programs, their review and for maintaining the CEDS. The Mayor of the City of South Bend and other local elected officials sit on the policy committee of MACOG, insuring that collaboration occurs at the highest levels. The City of South Bend, through its Department of Community Investment participates in the planning process that precipitated the CEDS and its updates. At the local level the Chamber of Commerce, together with the City's Department of Community Investment are responsible for managing day-to-day economic and business development activities. In addition, these activities are reviewed annually by the City's Mayor, South Bend's Common Council, and the local business community via the Chamber of Commerce. The Director of the Community Investment Department as well as the City Controller are members of the IRFs Board of Directors. Additional business and community engagement are maintained as a result of representatives from the Chamber of Commerce and the minority business community. This assures a coordinated approach in the utilization of the Industrial Revolving Fund in dealing with economic adjustment problems in South Bend. B. BUSINESS DEVELOPMENT STRATEGY 1. Objectives: 1. I.Work closely with the Chamber of Commerce to promote business growth in South Bend and St. Joseph County. 1.2.Provide assistance to existing businesses to help them survive, expand, and stay in the community. 1.3.Attract new export businesses to the community. While many of these firms will be manufacturing and technology based, service businesses which have the ma . ority of their sales outside the area are equally beneficial to the economic 9 health and well-being of the community. 1.4.Assist new business ventures to start up and remain in the community 1.5.Continue the development of the industrial and office parl,, facilities located in the City and the County.