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BK:00025 PG:0557 <br />Partners in the Economic Development Organization <br />The Lee County Partnership for Economic Development will be made up of <br />• Lee County <br />• City of Sanford <br />• Town of Broadway <br />• Former EDC <br />• Former Chamber of Commerce <br />• Private sector <br />• CCCC <br />• Lee County Schools <br />• And engage nonprofits, medical, civic, coop extension, and other allies <br />The organization would be formed by merging the Chamber of Commerce, EDC, and <br />including key stakeholders like Lee County, municipalities, and educational institutions. <br />This new organization will be collaborative, inclusive, transparent, and accountable. It <br />could look something like this: <br />.Small Business <br />Development <br />Joint Funding <br />Board of <br />Directors <br />Chief <br />Executive <br />Business <br />Recruitment & <br />Retention <br />Chamber <br />Services <br />Visitor <br />Marketing & <br />Promotions <br />Funding will come from the private sector, Lee County, Sanford, and Broadway. Private <br />funds will include current Chamber of Commerce membership dues plus funds raised <br />through an aggressive, five-year private sector fundraising campaign, as described by the <br />2011 fundraising assessment completed by the Chamber and the EDC. Public funds will <br />be appropriated annually by the County and municipalities. <br />6 <br />U1G <br />