Lincoln County Economic Development Corporation

“Expenses marketing & promotion 2,126 office supplies 2,409 fees 96 web services 2,695 office equipment 1,670 mileage reimburse 2,656 meals 2,425 conference 3,657 professional devel 2,165 work comp 244 liability d&o 2,008 organizational affiliatio 1,568 usda 13,196 grant expenditures 34,000 membeship services 3,175 non-investment depreciation 165 total 74,255”

“PY ADJUSTMENTS 0”

“Prepaid expenses and deferred charges 500 500 5,538 5,538 less accumulated depreciation 5,205 5,370 total 833 668”

“Payroll liabilities 1,289 1,376”

“To deliver economic development services to facilitate creation, growth and retention of lincoln county businesses.”

“Strategic planning: the economic development alliance of lincoln county was created in 1994 and charged with making a road map for economic development in the county. Consequently, we consult with economic development leaders in the community to set and update the goals of the county, and participate in regional and statewide goal setting such as the ceds and oregon business plan.”

“Community and economic development grant review: the board of directors serves as the review committee for the lincoln county community and economic development grant fund. The alliance board reports to the board of commissioners and delivers its recommendations. The criteria are updated and refined periodically and executive director caroline bauman holds train ing seminars for grant applicants to assist in their success.”

“Source of information to the public: we provide information to prospective business owners, current owners/managers, and the public on the business climate. We maintain a list of develop able properties and assist in marketing as needed.”

“4.yaquina bay ocean observing initiative: we support an economic development strategy to make newport a hub for all ocean related science and technology in the pacific northwest. There is now increasing scientific and economic activity in our region. In addition to the marine studies cam pus soon to be underway, ocean observing, marine education, and boat building continue to be strengths. 5.enterprise zone management: we provide information for qualifying companies (certain industries) to take advantage of this tax incentive offered by the state of oregon. Qualified applications are submitted and reviewed locally. 6.active partnerships: the edalc is an active partner with chambers, small business development, and the yaquina bay economic foundation. With usda support, we are focusing on marine related industry in our county to create an industry cluster of supportive economic activity for seafood products, scientific research, and renewable energy. We are serving entrepreneurs and local startups, through working with rain (regional accelerator and innovation network to provide support for them.”