Growing Vermillion concept is taking root by David Lias A proposal introduced by the Vermillion Development Company is receiving overwhelming support by the city's business, education and government leaders.
Growing Vermillion was described at a Tuesday breakfast meeting hosted by the VDC as a two-year program to address needed growth in population, jobs, housing, and quality of life and infrastructure improvements in the community.
The goals of Growing Vermillion are:
* Quantify the community's goals with regard to population growth, job creation, capital investment and cooperation with the city and USD development and infrastructure and quality of life improvements.
* Establish a master plan and financial and development strategy for industrial and business park expansion including new initiatives such as research and technology and small business development centers.
* Provide a follow-up plan for job and housing development based on the results of the EDA grant labor availability and housing studies.
* Create a revolving loan fund to help attract and stimulate more industry and jobs including building ownership as needed.
* Determine a cooperative regional economic development strategy involving nearby communities in Clay and Union counties, and Yankton, Sioux Falls, Sioux City, IA, and neighboring towns in northeast Nebraska.
The Growing Vermillion program will be operated as an official activity of the Vermillion Development Company. It will include a temporary expansion of the VDC Board of Directors for additional representation from banks, major corporations and employers, utilities, local governments and USD.
This expansion of the VDC board serves as Growing Vermillion's Management Committee. The committee will meet monthly to develop information and make recommendations regarding the program's goals.
Those goals will include meeting with state and regional economic development representatives, developing community promotion and information campaigns, and targeting industries.