We're Celebrating Economic Development Week
1 May 2020
We are celebrating National Economic Development Week in Gallup and McKinley County.
Now, more than ever, we are in need of leaders to guide our communities through COVID-19 challenges and to create a plan for how to come out of this national crisis. The Greater Gallup Economic Development Corporation (GGEDC) diligently works to support economic growth in our community, now, and always.
National Economic Development Week is a time to recognize the work we, and other leaders, are doing in the community. The International Economic Development Council (IEDC) has set May 4 - 9 as the 2020 National Economic Development Week #EconDevWeek. This is the fifth year Economic Development Week is being celebrated and we are participating at the state and county level.
The International Economic Development Council (IEDC) created EDW in 2016 to help raise awareness for the profession. Economic Development Organizations (EDOs) are often misunderstood because their activities happen behind the scenes, outside of the public eye.
EDW is a chance to recognize economic developers, the local leaders and organizations who work tirelessly to recruit investors, develop businesses, create jobs, enhance the tax base and ultimately improve the quality of life of their communities.
What Economic Developers Do to Improve the Economy
Here are some of the primary ways we work to better our community:
Improve quality of life
Economic developers work on important quality of life projects to support the development of additional housing units, parks and recreation, downtown initiatives, etc. These projects ensure that residents enjoy living in our community so that we can continue to grow.
Support for entrepreneurs and small businesses
GGEDC is a valuable resource for new and developing companies. From advising on basic topics like business planning to helping find a location and identify financing, these services are integral to helping early-stage businesses succeed.
Business retention and expansion
Because existing businesses are crucial to local economies, we offer services to help them problem-solve, succeed and expand. This might be as simple as offering advice or technical assistance. Or it might entail helping a company access funds to enable renovations, equipment upgrades or infrastructure improvements.
Assistance with workforce development
Finding skilled workers is one of the primary challenges for businesses today. That’s why GGEDC has worked to create workforce training programs in collaboration with local partners and business leaders. As such, we are helping companies with recruitment as well as the development of specialized training for in-demand jobs.
Marketing and promotion
GGEDC is at the forefront of marketing our community to attract prospective investors and residents. We promote our community’s assets and business advantages in order to create awareness and opportunities.
Join us in celebrating National Economic Development week and recognizing the great work being done in Gallup and McKinley County.