The commissioners of the Wabash County in the state of Indiana have awarded funding of an additional $10,000 dollars for an economic development initiative. The development plan is being supported by the non-profit business enterprise called AEA (Mount Carmel Area Economic Alliance) and the AIDC (Area Industrial Development Committee). John Evans who is the president of the AIDC originally came up with the plan in the month of October as he spoke to the commissioners in the Wabash County. The commitment for 3 years was originally made by the county in the early part of December 2011.
The county made the proposal for the $10,000 dollars in December as they promised to review how the money is spent for the next fiscal year. The AEA (Area Economic Alliance) also helps to serve the county and city governments as money is received from public and private entities so that economic services can be provided to the region. AEA will also have nearly 21 boards of directors whose responsibility will be to make critical decisions in regards to economic development and the managing of the AIDC. The funding for the AEA was created by the board so that the public and private industries can distribute money for the ultimate betterment of the region in Wabash County.
$250,000 dollars is expected to be raised every year to assist with economic development plans that are created in the area of Wabash County. Commissioners Rob Dean and Charles Sanders are very enthusiastic about the plans as nearly 50 brand new jobs will be created every year in the area for approximately 3 years. AEA’s goals for the year 2012 include the creation of jobs, utilizing sales tax money in an efficient manner and increase the wage salary.
Overall, the Wabash County needs the support of the commissioners and the public and private sector in order for economic development to be successful.