Overview
What is Lakeland Economic Development Council Inc?
Lakeland Economic Development Council Inc, a private, non-profit organization with approximately 135 member companies, plays a significant role in fostering job creation and capital investment in the Lakeland, Florida area. Their primary mission is to attract new businesses and facilitate the expansion of existing ones, thereby contributing to job growth and economic development. The organization's activities include retaining and growing existing businesses, supporting entrepreneurship, promoting infrastructure development, and marketing Lakeland as a business-friendly location. The LEDC's board is comprised of volunteer community leaders, and their day-to-day operations are handled by a team of five full-time employees and interns. Despite the challenges posed by the pandemic, the LEDC has demonstrated resilience and adaptability, as reflected in their continued efforts to drive economic growth and development in the Lakeland community.
Official website here: www.lakelandedc.com
What do the Facebook reviews say about Lakeland Economic Development Council Inc?
94% of 28 reviewers on Facebook recommend the Lakeland Economic Development Council Inc. Here is a summary of their reviews:
Overall, most users express a positive sentiment towards the Council, highlighting its contributions to economic growth and community development in Lakeland. They appreciate the efforts made toward fostering a vibrant business environment and creating job opportunities. Many find the Council's initiatives impactful and beneficial to the local economy.
However, there is a notable dissenting opinion among some reviewers who feel that the Council's actions are detrimental to the city. This criticism suggests a divide in public perception, with a minority believing that the Council's decisions are harming the community rather than helping it. Despite this, the overwhelming majority recommend the Council for its constructive role in promoting economic advancement.
This AI summary has been generated from reviews found on Facebook.
Is Lakeland Economic Development Council Inc legitimate?
Lakeland Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lakeland Economic Development Council Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $664,567
For more financial information, click here
Official website here: www.lakelandedc.com
What is the mission statement of Lakeland Economic Development Council Inc?
The Lakeland Economic Development Council (LEDC) is a non-profit organization, comprising over 135 member companies. Its primary role is to stimulate job creation and capital investment in the area. This is achieved by attracting new businesses and facilitating the expansion of existing ones. The organization's objectives include retaining and growing existing businesses, fostering targeted industry sectors, promoting high-skill, high-wage employment growth, supporting entrepreneurship, and marketing the location as an attractive business hub. The LEDC also facilitates partnerships to enhance growth, with its daily operations handled by a team of five full-time employees and interns. The LEDC's board of directors is composed of volunteer community leaders.
Official website here: www.lakelandedc.com
Who is the CEO of Lakeland Economic Development Council Inc?
Wesley Beck is the President of Lakeland Economic Development Council Inc.
Official website here: www.lakelandedc.com
What is the revenue of Lakeland Economic Development Council Inc?
Lakeland Economic Development Council Inc's revenue in 2021 was $1,257,011.
Official website here: www.lakelandedc.com
Who are the executives of Lakeland Economic Development Council Inc and what are their salaries?
The average compensation at Lakeland Economic Development Council Inc during 2021 was $132,913. There are 5 employees and 65 volunteers at Lakeland Economic Development Council Inc.
Here are 8 key members and their salaries:
- Compensation: $372,329
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- Other: $46,700
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Official website here: www.lakelandedc.com
Where can I find the form 990 for Lakeland Economic Development Council Inc?
Lakeland Economic Development Council Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lakelandedc.com
Learn more at the official website: www.lakelandedc.com
Mission Statement of Lakeland Economic Development Council Inc
The Lakeland Economic Development Council (LEDC) is a privately operated, non-profit organization with over 135 member companies. Its primary mission is to stimulate job creation and attract capital investment by attracting new businesses and facilitating the expansion of existing companies in the Lakeland area. The organization strives to achieve several goals, including retaining and growing existing businesses, creating jobs and investment, fostering growth in targeted industry sectors, encouraging high-skill/high-wage employment growth, promoting entrepreneurship and new business creation, enhancing infrastructure and development, marketing Lakeland as an excellent business location, and fostering partnerships to boost growth. The day-to-day operations at the LEDC are managed by five full-time employees and one or two paid interns at any given time. The LEDC's board of directors consists of volunteer community leaders.
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Impact
October, 2024
Lakeland Economic Development Council Inc plays a pivotal role in driving economic growth and development in the Lakeland area by focusing on job creation and capital investment. With over 135 member companies, its initiatives have significantly contributed to attracting new businesses and facilitating the expansion of existing ones.
In the face of challenges posed by the pandemic, the organization has successfully promoted resilience and adaptability within the community. By fostering an environment that encourages innovation and collaboration, LEDC is committed to creating a vibrant economic landscape. Their efforts include business development programs, industry engagement, and strategic initiatives like the Catalyst 2.0 Plan, which aims to visualize and support future development opportunities in downtown Lakeland.
The multi-family development report highlights the need for affordable housing and addressing regulatory barriers, showcasing LEDC's commitment to addressing community needs effectively. Their focus on high-skill, high-wage job creation aligns with efforts to enhance the quality of life for Lakeland residents.
With a proactive approach to marketing Lakeland as a premier business location and facilitating partnerships between various stakeholders, LEDC is instrumental in shaping a dynamic economic future. Overall, their impact is evident in the growth of targeted industry sectors, support for entrepreneurship, and the continuous improvement of the community's infrastructure.
This information is meant to be a general summary of Lakeland Economic Development Council Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $82,272
- Gross Receipts: $1,271,221
Assets and Liabilities:
- Total Assets: $1,566,246
- Total Liabilities: $258,228
- Net Assets: $1,308,018
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Organization Details
Founding Year
2012
Principal Officer
Wesley Beck
Main Address
502 E MAIN STREET, LAKELAND, FL, 33801
Website
www.lakelandedc.comNTEE Category
Code: S40 - Community improvement
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