City Of Wayne Recognized As Economic Development Certified Community

City Of Wayne Recognized As Economic Development Certified Community
Courtesy of DED. Pictured left to right: Lyndsy Jenness, DED Business Development Consultant; Senator Joni Albrecht (District 17); Lt. Governor Mike Foley; Cale Giese, Wayne Mayor and Luke Virgil, WAED Executive Director.

WAYNE – Lt. Governor Mike Foley visited Wayne Tuesday afternoon giving remarks during the Wayne Area Economic Development Business and Industry Committee meeting.

From The Birch Room Chophouse, 2611 North Hwy 15, Lt. Gov. Foley honored members of WAED.

According to a release, this is the third time in 10 years the City of Wayne has earned recognition from the State of Nebraska for continued innovation and expansion within its business community.

DED Business Development Consultant Lyndsy Jenness presented the community’s official EDCC recertification during the City of Wayne’s council meeting on December 18.

Wayne is one of 39 communities to earn EDCC certification in the program, sponsored by the Nebraska Diplomats and administered by DED. State officials established the program in 2005 to recognize communities for their preparedness to attract new industries and grow existing businesses. The City of Wayne earned EDCC certification in 2008 and was recertified in 2013 and 2018.

Over the past decade, the City of Wayne and area economic development leaders have proven their commitment to workforce development, housing development, and business incentives.

The Mortgage Department of Elkhorn Valley Bank & Trust also received a Certificate of Appreciation from the United States Department of Agriculture recognizing them as a Top 10 Nebraska Lender in USDA’s Guaranteed Rural Housing (GRH) Program in the Fiscal Year 2018.

Through the GRH Program, Elkhorn Valley Bank & Trust assisted in “building communities together” by processing home loans of more than $3.1 million for 28 rural Nebraska families. Elkhorn Valley Bank & Trust has received this award several years in a row.  Contact one of Elkhorn Valley Banks Mortgage Officers for more information about the Guaranteed Rural Housing Program.

The City of Wayne has partnered with Wayne State College (WSC) and WSC’s Center for Applied Technology (CAT). The $15.2 million addition to WSC’s School of Business & Technology was designed to attract first rate students and faculty.

The City of Wayne’s Economic Development Program Fund (LB840) provides a local tool for financial assistance to area businesses and community development projects. Following an EF-4 Tornado on Oct. 4, 2013 that impacted the Wayne Industrial Park, the City of Wayne set aside LB840 Funds for businesses adversely affected by the tornado. The city’s LB840 fund provided financial assistance to rebuild the industrial park with minimal loss of businesses and support for business expansions.

In 2018, the Cities of Wayne and Wakefield partnered with WAED and the Wayne Community Housing Development Corporation (WCHDC) to pursue funding from the newly established Nebraska Rural Workforce Housing Fund (RWHF). Local matching funds from public and private partnerships garnered $750,000 in local pledges and a $250,000 award from the Nebraska Investment Finance Authority. Ultimately, Wayne and its partners were awarded $639,000 from the RWHF, which stimulated a surge in affordable workforce housing projects in the region.

For additional information on the Economic Development Certified Community Program, Contact Ashley Rice-Gerlach at 308-655-0919, or ashley.gerlach@nebraska.gov, or visit https://opportunity.nebraska.gov/program/economic-development-certified-community-edcc/.

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