TROY economic development center helps Ozark and Dale County formulate strategy

Posted: Thursday, 01 March 2012

TROY – Troy University's Center for International Business and Economic Development has helped the City of Ozark and Dale County to fine-tune an approach to job creation and investment in the county.

Under the auspices of the Ozark-Dale County Economic Development Corp., the Center developed a three-year strategy aimed at growth of existing businesses and industries, recruiting new businesses to the area and expanding the aviation and aerospace sectors in the county.

"Both public and private sector leaders in Dale County recognized the need to enhance their economic development efforts, and we're pleased to be able to partner with ODECD to lend our expertise in developing these initiatives for the benefit of Dale County," said Wiley Blankenship, Director of the University's Center of International Business and Economic Development.

The plan developed through the collaborative process that included city and county government leaders, civic leaders and business leaders, outlines eight primary goals to accomplish over a three-year period, ranging from raising the profile of the county in state and beyond to retail and commercial development to increasing cooperation and leadership skills among various members of the Dale County community.

That plan was unveiled today by the development corporation during a special luncheon, which also included the announcement of a campaign to raise funds for economic development purposes in partnership with city and county governments. The development corporation is chaired by John Ferguson.

"Troy University is an important community partner to Ozark and Dale County for Economic Development. ODEC is grateful to Troy University's Center for International Business and Economic Development for their guidance and facilitation of our business plan for our new organization," said Eric Basinger, Executive Director of Ozark-Dale County Economic Development Corporation.

"Wiley Blankenship and his staff have provided a service to us that will provide the foundation for a solid economic development organization," he said.

The Center, established in 2006, specializes in providing research, planning and coordination of economic development issues to cities and counties throughout Alabama, and focuses much of its effort on helping smaller or rural communities pull together a focused approach to economic development both domestic and international in scope.

Housed in the Sorrell College of Business, the Center also encompasses TROY's Small Business Development Center and the Procurement Technical Assistance Center. For more information on the Center, visit the website at cibed.troy.edu.