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Phelps County Development Corporation
The Phelps County Development Corporation, known locally as the PCDC, is a 501(c)6 not-for-profit organization formed to lead the economic development efforts in Phelps County. Backed by a quarter-cent sales tax which was voted in by residents, the PCDC offers a number of programs, including business relocation incentives and assistance to existing businesses and start-ups in the form of loans and grants.
With more than 100 investors, the PCDC enjoys broad support from the business community and plays an active role in supporting the business climate and the economy.
The mission of the Phelps County Development Corporation is to encourage business retention and promote economic development while preserving the quality of life in Phelps County, Nebraska.
PCDC employs a full-time executive director to oversee the day-to-day operations of the organization. While a board of directors provides oversight and strategic leadership, a smaller executive committee handles the routine monthly activities. Each year a strategic plan is developed by the board of directors to guide the activities of the executive committee, several working committees, and staff.
Policy-Makers and Committees
The Board of Directors provides vision, direction, and leadership for the Phelps County Development Corporation. The board is composed of no more than 12 individuals that passionately support the growth of the Phelps County economy and are financially committed through the Prosperity Project.
Committee participation is based on both individual interest and the needs of the corporation. Committees meet at arranged times. Assignments are usually made for a year at a time.
Monica Boyken, Executive Director, firstname.lastname@example.org
Stacy Pafford, Administrative Assistant, email@example.com
Carol Rapstine, Project Coordinator, firstname.lastname@example.org
City of Holdrege Building, 502 East Avenue, Second Floor
PO Box 522
Holdrege NE 68949-0522
Fax (308) 995-4158
The PCDC has identified specific initiatives to assist in economic development. You can also view PCDC’s 5-year Plan of Work.
Action Plan #1 - DEVELOP A MARKETABLE PRODUCT
Action Plan #2 - LEVERAGE FINANCIAL RESOURCES
Action Plan #3 - COLLABORATE AND PROMOTE
Action Plan #4 - INSPIRE AND RECRUIT TALENT
History and Funding
The PCDC was first incorporated in August of 1998 under the guidance of the Holdrege Area Chamber of Commerce. In 2000 the agency hired its first director and worked with Allmand Bros. to secure a Community Development Block Grant (CDBG). The loan, initially extended to Allmand Bros. to finance an expansion, would become a countywide revolving loan fund for Phelps County start-ups or expansions. In that same year, The Connection, an inbound call center, was recruited to Holdrege.
In 2002, the citizens of Holdrege passed a quarter-cent sales tax initiative, LB840. Half of the proceeds were designated for the YMCA of the Prairie and the other portion would be earmarked for economic development. PCDC has utilized LB840 to pay for industry recruitment activities, workforce recruitment, and sponsorship of entrepreneurship programs. LB840 funds are also used as a revolving loan fund and often loaned to businesses for working capital or to make building or equipment purchases. Businesses can also apply for financial assistance to start or expand their businesses with low-interest loans.
Since 2003 PCDC has facilitated the purchase of a vacated building by BD, assisted with Allmand Brothers’ expansion, controlled land marketed to the value-added agriculture sector, financially assisted in several start-up operations, and recruited AgWest Commodities. Additionally, PCDC and its partners secured a $500,000 "New Neighborhood" grant for workforce housing.
Archives of the Phelps County Business Journal - Learn more about local business activity by reviewing the current and past issues of the Phelps County Business Journal.
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