"I was honored to serve a second term as President of the AEDA Board of Directors this past year. 2022 was an exciting year in which we began to see a return to normalcy for the business community post-pandemic. However, new and dynamic challenges arose including strains on workforce availability, supply shortages, and rising interest rates. AEDA's continued focus on support of existing businesses and strategic growth of targeted industries paid dividends, as Arvada again saw a net year-over-year increase in business establishments and primary jobs. I am so proud of the AEDA Board's efforts to invest in meaningful business resources and strategic partnerships, which reinforce the ongoing excellence within our business environment. I am also happy to pass the torch to our 2023 Board President, Paul Duncan, and look forward to AEDA's continued success under his leadership."
Alicia Svaldi, Faustson Tool
Each year the AEDA Board of Directors adopts an Annual Strategic Plan in alignment with a larger six-year Strategic Plan. This Impact-Driven plan helps guide AEDA's decisions based on capturing data from three program objectives, including Economic Impact, Customer & Community Impact, Organizational Impact. This information allows staff to "tell the story" of how the results of AEDA's efforts support its mission.
Highlights from AEDA's 2022 Strategic Plan and business support activity are outlined below.
Million in Capital Investment
Implementation of the 2022 Retention Work Plan
New Square Feet of Commmercial Real Estate Developed
Net Brick and Mortar Businesses Retained
Resident Surveys Completed
Number of emails sent
Partnered with City of Arvada Neighborhood Engagement Team to discuss Economic Development with Arvada residents and neighborhood leaders.
Colorado Enterprise Fund: $193,785 in active loans
Invested in Arvada Chamber B.O.L.D. Initiative
Continued strategic partnership with the Arvada Resiliency Taskforce
Focused on small business support resources, mental health of business owners and employees, and marketing of Arvada's unique business community and retail neighborhoods.