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DeKalb approves $1.2 million partnership with Development Authority

DAD

The DeKalb County Board of Commissioners approved an intergovernmental agreement with the Development Authority of DeKalb County (DADC) to designate it as the economic developmentagency for the county. In addition to its current responsibilities, the Development Authority of DeKalb County will also implement other economic development programs, such as New Market Tax Credits, small business/entrepreneur loans, and manage the Brownfield Revolving Loan program, among others.

 

A ceremonial document signing which makes if official will be held at the Kensington MARTA Station, 3350 Kensington Rd, Decatur, on Thursday, March 13, 11:30 a.m. to 1:30 p.m.

This is the new way of undertaking economic development. We are stronger when we work together in partnership,” said Interim CEO Lee May. “We have seen other local jurisdictions across the state enjoy widespread success with this model and they are realizing exciting results. With this in place, DeKalb County will be elevated as a major competitor on the local and national stage.”  

 

“This partnership gives DeKalb County the tools it needs to ensure the full implementation of the comprehensive economic development strategic plan that we’ve been working on,” said Presiding Officer Larry Johnson. “Now the Development Authority of DeKalb County will have the funding and the staff to take the lead on stimulating new investments, expanding existing industry, and developing sustainable economic strategies for balanced growth.

 

“The business community and government have always enjoyed a synergy mutual success, but government doesn’t really create jobs by itself. However, government is responsible to create a business friendly environment and that is what is happening here and now,”said Vaughn Irons, Chairman of the DADC.

 

The intergovernmental agreement with the DADC is the latest in a series of developments designed to streamline operations and create a business-friendly environment in DeKalb County. The DADC will be utilizing the new resources to enhance redevelopment efforts. DeKalb County, for its part, has been improving efficiency in the build permit division, reducing the timeframe for the approval process.

 

The new DADC will also manage DeKalb County’s Tax Allocation Districts, develop a marketing and branding plan and create a new business alliance to support a meaningful engagement with the greater business community. The DADC will eventually employ a staff of 12, with an annual budget of $1.27 million for the first five years. The team will be led by a president, but until a national search for a qualified candidate can be completed, the Board of Directors of the DADC will act in that capacity.  

The DADC will deliver quarterly reports to the DeKalb Board of Commissioners in a public forum on the progress of the implementation of work and the status of economic development activities.

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