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Not for Profit Economic Development Corporation Generates Economic Activity in Annapolis, NH

Not for Profit Economic Development Corporation Generates Economic Activity in Annapolis, NH. Funds redirected to address bureaucratic problems Identified need for a quasi-independent agency Less bureaucratic approach to red tape. Governance and Results:. 12 member board

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Not for Profit Economic Development Corporation Generates Economic Activity in Annapolis, NH

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  1. Not for Profit Economic Development Corporation Generates Economic Activity in Annapolis, NH • Funds redirected to address bureaucratic problems • Identified need for a quasi-independent agency • Less bureaucratic approach to red tape

  2. Governance and Results: • 12 member board • Chaired by local attorney • Not for profit model to circumvent bureaucracy

  3. Gauging discontent from residents • Attending education sessions • One stop help desk

  4. Outcomes: • The AEDC has most importantly worked to retain existing businesses and give hope to the local business community. The AEDC exemplifies that the not for profit sector can be an effective response to bureaucracy related problems.

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