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Ashland economic development staff says recruitment advancing; $2 million earmark is restricted fund balance
Summary
Economic development staff updated the commission on hotel recruitment, business retention and industrial site remediation; staff clarified the previously cited $2,000,000 economic development designation is a restricted fund-balance item, not cash on hand, and Copeland property remediation is moving from EPA oversight to state review.
Eden, a member of the city’s economic development staff, told the Ashland City Commission at its work session that the department has distributed an economic development packet — including a Smart Start business guide and a "Build With Us" flyer — and is prioritizing hotel recruitment, business retention, and workforce development. "Economic development is moving forward in this city," Eden said, summarizing recent outreach and a business survey scheduled for release at the end of the month.
The commission pressed staff on a previously referenced $2,000,000 economic development allocation. Michelle Veach, finance, explained the money is a restricted fund-balance designation rather than a…
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