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Cascade economic development group seeks $20,000 annual funding and presses for earlier city involvement on state leads
Summary
The Cascade Economic Development Corporation requested remaining FY24 funds and the approved FY25 allocation, and asked for a $20,000 request for FY26; members discussed vetting, confidentiality and when the city should be involved for state‑level economic leads.
Ken McDermott, president of the Cascade Economic Development Corporation (CEDC), asked the City Council on Jan. 13 to release remaining funds approved in fiscal year 2024 ($17,500 approved; CEDC reported it received $10,000 and requested the balance) and to provide the previously approved $20,000 for fiscal year 2025. McDermott also requested a $20,000 allocation for fiscal year 2026, the same amount the CEDC has received in recent years.
McDermott outlined the CEDC’s role: vetting business leads, working with the…
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