RCS CBA’s Economic Development Advisory Committee (EDAC) will take on two projects this spring aimed at advancing business interests in our community. The first project will be to develop a guide for entrepreneurs who want to open a new business. The guide will provide a list of resources and contacts, and outline the process for opening a business in the village or town.
For its second project, the EDAC will explore the creation of a small business incubator, an organization that helps new businesses succeed thanks to training, mentorship, shared office space and other benefits.
RCS CBA’s Board of Directors created the EDAC in late 2018. The committee provides advice and ideas to our local leadership on viable courses of action to revitalize economic development in RCS’ business districts. The committee explores attracting new businesses to the area, maximizing the potential for businesses already located in RCS, and examines possible grants as well as economic development incentives, among other initiatives. Serving on the committee are seasoned business owners or senior managers, not-for-profit executives, educators and representatives from the town and village. You can learn more about the EDAC and read its past meeting minutes here.
“There is so much local talent on the EDAC. We’re excited to pull on the various skills and knowledge this group of leaders has to benefit business development in RCS,” said Joy Iafallo, chair of RCS CBA.
In February the EDAC identified a short list of projects that would be helpful for business growth in RCS. The committee voted on what projects to tackle first. Other contenders for future consideration are a welcome guide for new residents or visitors to the area and the exploration of a microlending program for entrepreneurs. If you have other ideas for projects the EDAC should consider send an email to firstname.lastname@example.org.