Overview
What is Economic Development Corporation?
The Economic Development Corporation, as represented by the Paragould Regional Chamber of Commerce, is a nonprofit organization committed to fostering business growth in Paragould and Greene County. Serving as an urban, community economic development entity, they engage in strategic initiatives such as business recruitment and support. By doing so, they contribute positively to the local economy, working tirelessly to promote commercial prosperity and development in the region.
Is Economic Development Corporation legitimate?
Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Corporation 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.
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What is the mission statement of Economic Development Corporation?
The Economic Development Corporation, acting as an urban, community economic development organization, is dedicated to promoting business development. They accomplish this through various initiatives, including business recruitment and providing support to local businesses in the region. The corporation serves as a catalyst for economic growth, aiming to improve the overall business environment and foster a thriving economic landscape.
Who is the CEO of Economic Development Corporation?
Allison Hestand is the Executive Director of Economic Development Corporation.
What is the revenue of Economic Development Corporation?
Economic Development Corporation's revenue in 2022 was $934,944.
Who are the executives of Economic Development Corporation and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Economic Development Corporation?
Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Economic Development Corporation
The Economic Development Corporation, as a community economic development organization, is committed to fostering business growth and development in Paragould and Greene County. This nonprofit organization takes an active role in promoting business recruitment and providing support to existing businesses, serving as a vital urban entity in this endeavor. By pursuing such initiatives, the Economic Development Corporation plays a significant role in driving the economic prosperity of the region.
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Impact
October, 2024
The Economic Development Corporation significantly enhances the economic landscape of Paragould and Greene County through targeted business development initiatives. By focusing on business recruitment and providing robust support to local enterprises, it fosters an environment conducive to growth and innovation. The organization’s efforts lead to job creation, increased investment, and a higher quality of life for residents. Its role as a community economic development entity facilitates collaboration among stakeholders, helping to identify opportunities for improvement and strategically address economic challenges. Ultimately, the Economic Development Corporation is a catalyst for positive change, driving sustainable progress in the region.
This information is meant to be a general summary of Economic Development Corporation. 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 2022.
- Investment Income: $59
- Gross Receipts: $1,045,300
Assets and Liabilities:
- Total Assets: $5,623,194
- Total Liabilities: $206,334
- Net Assets: $5,416,860
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Organization Details
Founding Year
2003
Principal Officer
Allison Hestand
Main Address
P O BOX 124, PARAGOULD, AR, 72450
NTEE Category
Code: S30 - Community improvement
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