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Bill Konyha President & CEO Economic Development Group of Wabash County, Inc. Ron Kerby Executive Vice President &am

Bill Konyha President & CEO Economic Development Group of Wabash County, Inc. Ron Kerby Executive Vice President & COO Crossroads Bank. Wabash 2006 - 2007. THE ECONOMY – CIRCA 1970 GOVERNMENT: CITY VS COUNTY WITH ROUTE 16 BARRIER CHAMBER –CVB – EDG – WMI – OTHERS NO COMMUNICATION

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Bill Konyha President & CEO Economic Development Group of Wabash County, Inc. Ron Kerby Executive Vice President &am

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  1. Bill KonyhaPresident & CEOEconomic Development Group of Wabash County, Inc.Ron KerbyExecutive Vice President & COOCrossroads Bank

  2. Wabash 2006 - 2007 • THE ECONOMY – CIRCA 1970 • GOVERNMENT: CITY VS COUNTY WITH ROUTE 16 BARRIER • CHAMBER –CVB – EDG – WMI – OTHERS NO COMMUNICATION • STATUS OF DOWNTOWN WABASH • (THE CORE CITY OF THE COUNTY)

  3. OCRA Advisory Council BREAKING THE BOUNDARIES OCRA STRATEGIC PLAN FOR RURAL INDIANA PILLARS • REGIONAL FRAMEWORK • CIVIC LEADERSHIP AND ENGAGEMENT • ASSET-BASED COMMUNITY DEVELOPMENT • RURAL INNOVATION CULTURE THROUGH PUBLIC-PRIVATE ENTREPRENEURSHIP • DIVERSITY, ACCESS AND INCLUSIVENESS • YOUTH ENGAGEMENT • WEALTH CREATION AND RETENTION

  4. OCRA’s Priorities • ATTRACT AND EXPAND PHILANTHROPIC CAPITAL • ATTRACT AND RETAIN ENTREPRENEURIAL TALENT • GENERATE CREATIVE PRACTICES/PROGRAMS FOR RURAL WORKFORCE DEVELOPMENT • INNOVATIONS IN RURAL BROADBAND DEVELOPMENT AND DEPLOYMENT • EXPAND HEALTH AND HUMAN SERVICES TO REACH MARGINALIZED POPULATIONS

  5. Rural Entrepreneurship Development Grant • IDENTIFY – RECRUIT – ENTREPRENEURS (CHAMBER, CVB, EDG) • BUSINESS PLAN TRAINING (SBDC) • BUSINESS PLAN APPROVAL (CHAMBER, CVB, EDG) • LOAN GUARANTEE (EDG) • LOAN (LENDING PARTNERS) • ART ENTREPRENEURSHIP (SCHOOL CORPS)

  6. Regional Framework and Civic Leadership and Engagement • EDG – CHAMBER OF COMMERCE – CONVENTION AND VISITORS BUREAU – CHARLEY CREEK FOUNDATION – HONEYWELL FOUNDATION – FRANCES SLOCUM BANK (NOW FIRST MERCHANTS) – SMALL BUSINESS CENTER – WABASH CITY SCHOOL CORP – MSD WABASH – NORTH MANCHESTER SCHOOL CORP • PARTNERS ADDED AFTER AWARD – NORTHEAST INDIANA FOUNDATION – WABASH COUNTY COMMUNITY FOUNDATION – CROSSROADS BANK – FIRST FARMERS BANK AND TRUST – BEACON CREDIT UNION – MUTUAL FEDERAL BANK (FOUNDATION)

  7. Asset-Based Community Development • ARTS AND ENTERTAINMENT • HONEYWELL CENTER • CHARLEY CREEK

  8. Rural Innovation Culture Through Public-Private Entrepreneurship • TAX INCREMENT FINANCING • LOAN GUARANTEE

  9. Youth Engagement • YOUNG PROFESSIONALS • ACTIVE ATTRACTION OF YOUNG PROFESSIONALS • WMI LEADERSHIP – TRANSITION – RESULTS • BEST OF THE BEST

  10. Rural Innovation Culture Through Public-Private Entrepreneurship • TAX INCREMENT FINANCING • LOAN GUARANTEE

  11. Results • CAPITAL INVESTMENT LEVERAGED = $257,321,286 • JOBS CREATED BY PRIVATE SECTOR = 906 • NEW PAYROLL - $27,388,910 • NEW LOCAL INCOME TAXES = $807,641 • NEW PARTNERSHIPS: CITY – COUNTY – NORTH MANCHESTER • REGIONAL INVESTMENTS: IOTRON IN COLUMBIA CITY – THE ANDERSONS IN LOGANSPORT • WABASH MARKETPLACE INC AND N MANCHESTER MAINSTREET • LOCAL UNITS INVESTING IN ONE ANOTHER • COOPERATION – SUPPORT – GROWTH – TRANSITION IN A REALLY BAD ECONOMY • EDG RECOGNITION OF LOCAL UNITS AS CUSTOMERS • COUNTY CREDIT = 100% FOR ECONOMIC DEVELOMENT PROJECTS

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