March
2010 Quarterly Executive Director Report
Winter is finally nearing its end. Generally
temperatures were mild but the snow was deep. Now as it melts
off we are keeping a watchful eye on the river as it has reached
flood stage.
2010 will prove to be a challenging
yet interesting year for CHEDA. The economy continues to
struggle, although in Crookston we are seeing some signs
of recovery as some companies are advertising for positions
that are new or were let go during last year’s cutbacks.
The State’s budgetary issues will continue to impact
our community as significant reductions to Local Government
Aid loom in our future. This will likely have some impact
on CHEDA revenues in the future, but as of now that impact
is still unknown. I should also note that economic development
activity is starting to pick up as we are starting to see
some interest from individuals and businesses looking for
commercial spaces to either expand or start up a business.
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