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ProVIew: Sustained Funding for Economic Development

April 14, 2016

Category: Reports, ProView

ProVIew: Sustained Funding for Economic Development

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The compelling aspect of a five-year funding initiative is that investors provide larger financial commitments to assure accomplishment of specific goals. Troubling to some CEO’s, however, is that the payments committed for five years will one day come to an end, while more challenges remain. To simply state the obvious dilemma: What is to be done when the money runs out? A better question is: What should be done before the money runs out?

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“As the smaller chamber operating in the shadow of a larger, very aggressive one nearby, the North Myrtle Beach Chamber committed to take its game to the next level.  You and the NCDS team not only drove the creation of a bold new multi-year strategy, you generated buy in and a huge boost in revenue.  A great side benefit of launching and funding a new initiative was NCDS’ identification and engagement of a cadre of new leaders who had never really participated, much less invested at significant levels.  Your methodology works, and your experience in hundreds of other communities paid off for us in a major way.  So much so, we plan to kick off the next multi-year campaign this year.   In my book, NCDS remains the ‘gold standard’ for community development fundraising.”

Marc Jordan, CCE, President & CEO • North Myrtle Beach Chamber of Commerce Convention & Visitors Bureau

National Community Development Services, Inc.
6300 Powers Ferry Road, Suite 600-165
Atlanta, GA  30339
Phone: (404) 231-0730