This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting.
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Lakeville is poised to enhance its economic development strategy following a recent meeting of the Economic Development Committee (EDC) on July 14, 2025. The committee discussed an active application for a $94,000 grant from the Massachusetts Development Community Planning Grants Program, aimed at creating a comprehensive economic development strategy for the town.
The initiative, led by committee member Andrew, seeks to address the lack of a formal economic development plan in Lakeville. The funding will be used to hire a consulting firm, potentially Cambridge Economics, to conduct a thorough analysis of the town's economic landscape. This includes community surveys and feedback sessions, which will help identify key areas for growth and development.
The committee anticipates receiving feedback on the grant application by September or October, with funds expected to be available shortly thereafter. The consulting firm will provide a detailed report outlining strategies to attract businesses and improve existing conditions, particularly in areas like Main Street, which has seen a decline in businesses.
This strategic planning effort is not only crucial for immediate economic revitalization but also positions Lakeville to access additional funding opportunities in the future. The committee highlighted that the development of a formal strategy could open doors to various grants aimed at supporting local businesses and enhancing community infrastructure.
As Lakeville moves forward with this initiative, the EDC remains committed to engaging the community and ensuring that the economic development strategy reflects the needs and aspirations of its residents. The next steps will involve finalizing the procurement process for the consulting firm and beginning the strategic planning work once funding is secured.
Converted from Lakeville Economic Development Committee, 7-14-25 meeting on July 15, 2025
Link to Full Meeting