What: The Economic Advisory Committee’s (EDAC) role is to advise and make recommendations regarding economic development and diversification to Council from a private sector perspective. The EDAC is a County initiative to drive economic diversity in the Beaver County region, including the rural and urban municipalities. The strength of the county is the cooperation/cohesion between the urban and rural population and their respective strengths.
Why: The County has historically been successful with oil & gas, and agriculture as its tax assessment base. Commercial & Industrial development has been a smaller portion of the total tax assessed value in the County. With changes to the economy, industry, public engagement and climate the county needs to adapt as illustrated by, the Assessment Model Review in 2020.
A diversified tax base strengthens a municipality and provides residents the confidence that its elected officials have the current and future state of the County in mind. A diverse tax base across multiple industries brings more job opportunities, increases local population and improves services to the area.
The County has made some investments in this direction with the Claystone Waste facility, land development (Equity Industrial/Viking business Parks) and servicing to desirable land locations within the county.
How: The EDAC meets regularly to discuss matters related to economic development and diversification. The Committee provides advice to council pertaining to the impacts of County policies, programs or services that could impact economic development.
Who: The board was advertised in local media and was selected by Council after a review of all applicants. The current board is comprised of two members of Council (with an alternate), and no more than five members of the public. The public members-at-large were selected as subject matter experts (SME’s) within their respective fields and networks. These strong professionals bring experienced perspectives from their fields of manufacturing, agriculture, construction, small business and tourism.