Denali Chamber Economic Development Proposal - Flipbook - Page 9
Here are specific points on how they can be
combined effectively:
1. Resource Pooling: The 501(c)(3) foundation can
provide financial resources, grants, and
donations to fund EDD initiatives, such as
infrastructure development, job training
programs, and business incubation.
2. Expertise Exchange: EDDs often have access to
economic data and expertise on local industries.
They can share this information with the
foundation to identify strategic areas for
investment and development. this information
can also be useful to businesses who need
similar data for commercial loan projects.
3. Capacity Building: The foundation can support
capacity-building efforts within the EDD,
enabling it to better serve the community
through improved planning, project management,
and outreach.
4. Community Engagement: Both entities can
collaborate on community engagement
initiatives, gathering input from local residents
and businesses to ensure development efforts
align with the community's needs and
aspirations.
5. Project Development: The EDD can identify and
plan development projects, while the
foundation can assist in securing funding and
resources to bring these projects to fruition.