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Valley County Economic Development Board Seeks Sponsorships

The Valley County Economic Development Board is currently in the process of their annual sponsorship campaign. The private sponsorships are a means to increase the annual Economic Development budget, which will enable the board to complete the projects that have been prioritized for this year. Many other economic development groups in Nebraska have a public/private funding mechanism in place. There are four levels of sponsorships: Bronze—$100, Silver—$250, Gold—$500, Platinum—$1,000, and Titanium—$2,500. If you are interested in the progress of economic development efforts and would like to become a sponsor with a tax deductible contribution, please contact the ED office at 728-7875 or any ED Board member.  Economic Development Board members are Gaylord Boilesen, Linda Cruikshank, Kevin Kreger, Pat Waldmann, Russ Blaha, Shey Boyce, Russ Callan, and Dan Petska.

Groundbreaking Celebration for Shopko Hometown & Cobblestone Inn & Suites. Pictured from left to right: Jeremy Griesbach, Tanner Hackel, Lt. Governor Mike Foley, Trevor Lee, Gaylord Boilesen, Tom Ryan, and Roger Goldfish

Groundbreaking Celebration for Shopko Hometown & Cobblestone Inn & Suites. Pictured from left to right: Jeremy Griesbach, Tanner Hackel, Lt. Governor Mike Foley, Trevor Lee, Gaylord Boilesen, Tom Ryan, and Roger Goldfish

Valley County Economic Development (VCED) was established in 2000 in reaction to the local population and economic declination experienced during the 1990’s. Charged with reversing the downward trend and facilitating economic and community development in the area, VCED and Ord have been repeatedly recognized nationally as a successful model for rural economic development.

One of the key functions of VCED is administration of the local sales tax for economic development, of which $3.5 million in low-interest loans have been made to 46 Valley County businesses. This has leveraged over $7 million in development in a county of less than $5,000! Better yet, no loans have gone unpaid due to the due diligence of loan committee, the City of Ord, and the Loan Committee.

The results of the forward-thinking efforts in Valley County speak for themselves. Between 2000 and 2003, reported income tax filings increased by 27% with an increase of 65% in total adjusted gross income. The City of Ord’s property tax valuation has more than doubled in 15 years, from $52,000,000 in 2000 to $105,441,861 in 2014. This is not due to a significant change in valuation methods but rather the substantial private investment that our community has witnessed for the last 15 years. There have been more than 120 business start-ups, expansions, and transfers since 2000 and several sectors of our local economy have seen double digit percentage increases in employment, including natural resources, transportation, warehousing, and utilities, construction, and education and health services.

The VCED Board of Directors hope that you will consider providing financial support for economic development in Valley County this year to keep our county, our community and our people strong. Your contribution is tax-deductible and sincerely appreciated.

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