Denali Chamber Economic Development Proposal - Flipbook - Page 28
Workforce Development: Investing in workforce
development is crucial for sustainable economic
growth. Foundations can offer training
programs, workshops, and certifications to
enhance the skills of the local workforce,
aligning them with the needs of industries in
the area.
Access to Capital: Economic development
foundations can facilitate access to capital for
businesses that might otherwise struggle to
secure financing. This can involve creating loan
programs, connecting entrepreneurs with
investors, or partnering with financial
institutions to provide favorable loan terms.
Infrastructure Improvement: Foundations can
work with local governments and stakeholders
to identify and prioritize infrastructure
projects. These can include transportation
improvements, broadband expansion, and the
development of industrial parks to attract
businesses.
Entrepreneurship Support: Encouraging
entrepreneurship is vital for economic
development. Foundations can organize business
plan competitions, offer grants to innovative
startups, and provide technical assistance to
budding entrepreneurs.