PCED Reviews and Discuss 2025 Plans and Budget

by Isabella Carwile | Dec 10, 2024 | Business Expansion, Community, Events, Membership, PCED Office

Paulding County Economic Development Press Release

PAULDING, OH – The Paulding County Economic Development (PCED) Board of Directors gathered for their final lunch meeting of 2024 to establish final details for a 2025 operating budget.  Lively discussion took place as the group listened to recommendations from the Financial Committee and analyzed both income and expense line items to try and establish a final budget for next year.

Economic Development Director Tim Copsey updated the board on current project updates including the potential 80-acre development project near the US24/Highway 49 intersection in Antwerp; a water/sewer feasibility study at the US24/Highway 127 interchange; the Grizzley and Stokely brownfield projects and the 53-acre industrial park all located in Paulding Village.

Old business discussions included marketing updates on the PCED website and a business vehicle purchase.  The Marketing Committee is looking at updates on the company website to modernize a section explaining the history of the county.  The hope is that the summary will be more about recent economic development and less about the actual history of the county.  A future committee meeting is scheduled.

Discussion also continued regarding the purchase of a company vehicle for the office.  Paying out mileage for monthly company-driven miles is getting more expensive and often fluctuates depending on inside and outside-of-county business travel.  The hope is that a purchased vehicle will allow more standard control of monthly costs.  The project will continue to be studied and evaluated by the financial committee before a final decision is voted on.

Regarding new business, the financial committee proposed a thought to the board in a potential future conversion of office accounting, from a traditional Quickbooks program to a not-for-profit accounting system.  There is a full understanding the accounting would be quite different, but it may be more accurate accounting for the larger amount of earmarked funds the office is handling.  This will also be a continued board discussion.

The board also started the opening process of putting together a slate of 2025 officers.  This slate will be presented to be voted on in the January 2025 board meeting.

The meeting closed out with the board members each sharing business updates with each other.  This sharing of information often entices collaboration and powerful business discussions for future economic development throughout the county.