Darren WinhamExecutive Directorinfo@badc.com • www.badc.com6 North Main Street. PO Box 265 • Barre, VT 05641Phone (802) 476-0660 • Fax (802) 476-0264

Barre Area Development, Inc.

BADC Goals• To promote and sustain economic development in Barre City

and Town.

• To help implement the goals of the economic development plans of the two municipalities, as described in the Barre City Economic Action Plan and the Barre Town Economic Development Plan.

• To work with the Barre Partnership (for Downtown Barre City) to provide business recruitment for business attraction and retention and to focus on these same aspirations for all of the Barre area.

• To coordinate economic development services among various local, Sate and Federal agencies and organizations that impact economic development in Barre.

• To act as a confidential point of contact for anyone who needs information or support regarding economic development in the municipalities.

• To develop and work with funding sources to assist and sustain business in Barre, Vermont.

• To updating space inventory listings for both municipalities.

BADC Goals

Five Pillar Approach for Economic Development

• Business Development• Barre Workforce Development

Initiative• Marketing• Organizing the Stakeholders• Economic Development Strategic

Plan

Business Development• Business Outreach

– BADC Standardized Business Intake Form

– Barre Business Questionnaires

– Barre Business Initial Assessment

• Business Assistance– Provided on a one-on-one basis

• Resource Dissemination– Provide resources to area businesses

Barre Workforce Development Initiative

• Consortia Approach

– Educational Institutions

– Workforce Development Entities

– Barre Area Businesses

• Creation of local WIRED model

Workforce Innovation inRegional Economic

Development (WIRED)

The WIRED Initiative stresses the critical role talent development plays in creating effective regional economic development strategies.

WIRED goes beyond traditional strategies for worker preparation by bringing together state, local and federal entities; academic institutions (including K-12, community colleges and universities); investment groups; foundations; and business and industry to address the challenges associated with building a globally competitive and prepared workforce.

Marketing• BADC Website

– Updating current website

– New website functional by June 2009

• Market BADC to existing Barre businesses– Partner with Barre Partnership and CVCC

• Market Barre Area to targeted businesses seeking relocation and/ or expansion– Creation of BADC Trifold

– Disseminate “Doing Business in Barre”

Organizing the Stakeholders

• Wilson Industrial Park Committee

• Barre Area Tourism Coordinating Committee (currently in formation)

• Barre Town Economic Development Committee (proposed)

• Barre City Economic Development Committee (proposed)

Economic Development Strategic Plan (EDSP)

• Establishes direction for Barre’s short- and long-term economic development

• Necessary for future of economic development in Barre Area

• Formed from Barre Business Initial Assessment

• Creation of EDSP will occur from 2010 - 2011

• Current for 4 years

Questions?