Central Arizona Regional Economic Development Foundations Presentation

Central Arizona Regional Economic Development Foundation Maricopa City Council August 2009 Barry Albrecht CEO

CAREDF

The Central Arizona Regional Economic Development Foundation (CAREDF) is a regional partnership between the public and private sectors. It’s purpose is to improve and promote the economies of western Pinal County and the communities of Casa Grande, Coolidge, and Eloy. CAREDF is funded through memberships from the public and private sectors of the region.

The organization was officially formed in 1984 and is structured as an IRS designated 501(c)(6) non-profit corporation. This IRS designation is a business membership organization.

CAREDF maintains three full-time staff: an Executive Director, a Business Development Representative and an Operations Manager.

CAREDF Today

Funding

Private 34%

Public 66%

CAREDF Board Design

The CAREDF board of directors consists of public and private members (26).

Among those represented on the board are Pinal County and Local City Elected Officials, Higher Education, Utilities, Workforce, Real Estate, Developers, Media and other Senior Community Leaders.

The structure of the board of directors is designed to ensure that each community has a senior level community leader represented.

Mission Statement

The Central Arizona Regional Economic Development Foundation markets the region and the cities within to targeted industries and facilitates the relocation or expansion of existing businesses that results in primary employment of our citizens.

Our emphasis is on building the industrial base and increasing the number of employers in the area; bringing additional dollars into the community through new jobs and new capital investment in buildings, machinery, and equipment; broadening our tax base; and increasing wealth in the communities.

Mission Operations

Provide development efforts, insight, infrastructure, and resources to accelerate economic prosperity throughout the Central Arizona region.

Leverage Regional Assets

Build Long-Term Strategic Partnerships (DOC, GPEC, ASU)

Promote Regionalism

Be an Economic Development "One Stop"

Maintain a Customer and Community Focus

Serve as Designated Certified Regional REDI Organization for Area Communities

Offer an integrated approach of programs and services to support the creation of new businesses and the expansion of existing businesses within the region.

Conduct our services with the highest standards of integrity.

Success in Economic Development

Spirit of Cooperation

Community Commitment

Regionalizing

Maintaining Focus

Creating Goals and Identity

Strategic Plan

Confidence Building

Leadership

Community

Economic Development Services Assist communities in preparing for economic growth by providing facilitation, consultation, education, research, and regional marketing services.