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County approves $30,500 for MCEDA economic development strategy update
Summary
Miami County Council approved a $30,500 appropriation from Fund 1112 to update the county economic development strategy with MCEDA, reducing the advertised amount from $35,000 and restoring grant-readiness; vote 5-0.
The Miami County Council on Feb. 17 approved an additional appropriation of $30,500 for an updated economic development strategy to be produced in coordination with the Miami County Economic Development Authority (MCEDA). The appropriation is drawn from Fund 1112 (LIT Economic Development); the item was originally advertised at $35,000 but the actual request is $30,500 and the cost will be split among MCEDA, the city and the county. Councilwoman Chittum moved to approve and Councilman Sailors seconded; the council voted 5-0 to carry the appropriation.
The council record states the strategy update is intended to support eligibility for grant programs including the Economic Development Administration (EDA) and USDA Ready Grants; the minutes note the last strategy update occurred in 2006. No implementation timeline or vendor was specified in the transcript.
