23 News economic expert Janyce Fadden says local leaders are examining whether the Rockford area has all of the tools needed to remain competitive with other similar sized communities. One area where Rockford has fallen short, Fadden believes, is utilizing the Federal Economic Development Administration. She adds local leaders have created a comprehensive economic development strategy which details Rockford’s game plan to create jobs. Identifying this opportunity could help our area cash in on federal funds and put more of us back to work.
Fadden says most EDA projects have a 50/50 match, meaning for every dollar we contribute, the EDA throws in a dollar. No word on when we will find out if we qualify for assistance.