Our Plan to Raise the Bar Higher
After careful consideration of local and national economic trends and significant input from local community leaders, the Wayne Economic Development Council is prepared to move forward in addressing the needs and desires of the community. The WEDC’s strategic plan for 2019-2022 provides the core programs to expand/retain existing businesses, and recruit new businesses into Wayne County. In addition, it responds to the primary economic barrier identified by local business leaders by implementing a community wide workforce development program built on best practices. We are confident that achieving the goals and objective of this strategic plan will result in economic prosperity for Wayne County.
Strategy I: Optimize Growth Opportunities of Existing Businesses
Goal: Support the growth and development of existing Wayne County businesses
Key Program: The flagship BizConnects program solicits the feedback of area employers on the condition of the local business environment as well as their individual company performance and projected growth plans. Annually, the organization interviews 75 companies across Wayne County, collecting data and feedback used to identify trends and growth opportunities.
Strategy II: Pursue Sustainable and Balanced New Business Growth
Goal: Attract new business opportunities to Wayne County that capitalize on the area's unique assets and strengthen the performance of existing firms
Key Program: In 2017, the WEDC fielded the inquires of 109 new and existing businesses, procuring nearly $2 million in state, regional, and local support for the 16 companies moving forward with growth initiatives.
Strategy III: Connect, Engage and Invite the Participation of Investors and Stakeholders in the Economic Growth Efforts
Goal: Build business awareness and support of economic growth services, resources and activities
Key Program: Briefings For Business is a quarterly series providing educational and networking opportunities for WEDC investors and followers. The program has featured a wide-variety of guest presenters including workforce and leadership experts, manufacturing consultants, state and regional economic development representatives, and accomplished economists.
Strategy IV: Enhance the Wayne County business environment
Goal: Facilitate activities and initiatives that improve Wayne County's strategic assets and competitive position
Key Program: A product of the Workforce Innovations Network- Work In Wayne, is a multimedia marketing campaign targeting current and future job seekers with the message Live, Play & WORK in WAYNE! This is the first and only initiative focused on showcasing all of Wayne County's assets... its communities, employers, amenities and other quality of life attributes.
Strategy V: Deliver High Quality, Professional, Transparent Economic Development Services
Goal: Employ continuous improvement in the execution of an outcomes-based, performance-driven economic development startegy
The WEDC has been recognized as a top performing economic development organization by Site Selection magazine. WEDC staff serve on the boards and committees of numerous local, regional and state organizations, providing knowledge, expertise and leadership impacting economic development efforts across Northeast Ohio. The organization's professional reputation and proven execution have greatly benefited Wayne County.