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Template 1 - Left Sidebar <br />C , <br />J <br />John Crumpton <br />Page 1 of 4 <br />G 0 Is <br />From: Bud Marchant [bmarchant @cccc.edul <br />Sent: Friday, December 04, 2009 4:30 PM <br />To: John Crompton <br />Subject: FW: Chatham County EDC Winter 2009 -2010 Newsletter <br />Bud Marchant has forwarded you this email with the following message: <br />I've just received this email and thought you might find it interesting. <br />CHATHAM COUNTY <br />EC ONOMIC DEV <br />,s CORPORATION 4)?r +uev ;s k+ticllttvy <br />Thursday 3 December I Published by Chatham County EDC <br />In this issue A Message from the President <br />• A Message from the <br />President <br />• • EDC Celebrates First Small <br />Business Loan <br />• Featured Business: The Food <br />Fairy <br />• Strategic Plan <br />Implementation Progress <br />• CCCC Breaks Ground on <br />Sitar City Campus <br />• Economic Development and <br />the Defense Industry <br />Testimonials <br />CJ <br />"Through all of my experiences <br />working with Chatham County EDC, <br />I have found that they show an <br />unwavering dedication to local <br />businesses, including my own. It is <br />wonderful that we have this <br />motivated group that acts as a <br />propellant towards progress for our <br />local economy." <br />Jessica Benton, <br />Jessica Benton Photography <br />Connect With Us <br />2/19/2010 <br />As 2009 draws to a close, we hope that the new year will <br />bring an improved economic climate. The challenges of the <br />past year have been huge — rising unemployment, the <br />continuing housing slump, falling sales, increasing <br />commercial vacancy rates, almost non - existent business <br />credit. However, there are some hopeful signs that a <br />turnaround is imminent. <br />Industry visits early in the year revealed that companies <br />were struggling to keep their employees, often with reduced hours. In <br />recent months, we have worked with several business clients who are <br />planning expansion projects. Some companies have secured needed <br />capital to stabilize their operations, many report increased orders. <br />Our Board of Directors and staff wish you happy holidays and a prosperous <br />2010. <br />EDC Celebrates First Small Business Loan <br />The EDC closed its first small <br />business loan from the <br />Chatham Loan Fund in <br />October. The loan recipient, <br />Terri McClernon of The Food <br />Fairy is using the loan to <br />finance her first cook -along <br />DVD, Cook Once, E for <br />Weeks. <br />The EDC celebrated its first <br />loan by co- hosting <br />McClernon's DVD launch <br />party at Chatham Mills on <br />November 8, 2009. We are <br />