In efforts to “continue a long-term commitment to healthy communities for central Kentucky homeowners,” the Lexington-Bluegrass Association of Realtors (LBAR) presented a $2,000 check to the Richmond Industrial Development Corporation (RIDC) Monday morning.
The investment in Richmond’s Industrial Development Corporation supports activities directly related to job creation, expansion and retention in the area.
According to LBAR’s release, a financial investment is available to each local economic development organization within their 26-county primary service area “as a way to fund programs that will promote and build the local economy.”
“LBAR continues to partner with communities to provide resources, foster regional collaboration and facilitate positive economic results,” LBAR President Greg Buchanan said. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”
RIDC Executive Director, David Stipes, said organizations like the RIDC often need funding to enhance marketing strategies.
“For example,” he said, “Richmond is more than just a dot on a map. The community has many positive things going on. We need to constantly tell our story of why companies should want to locate and remain here.”
Stipes told The Register the partnership between LBAR and RIDC is important in many ways.
An instance he gave was, when industrial prospects are searching for communities in which to locate, real estate must be identified for plant locations as well as for employees who are re-locating. Business prospects may be looking for land to purchase and/or properties to lease. LBAR agents help to bring the interested parties together, he added.
“The grant funds are much appreciated by RIDC,” Stipes said. “This funding will be used to enhance ongoing marketing efforts to attract industrial prospects. Recent infrastructure projects in the Richmond Industrial Park have made more land readily available for construction. The RIDC needs to get the information out to a wide audience and be best prepared when opportunities come calling.”
Over the past 16 years, LBAR has made more than $550,000 to promote economic development across central Kentucky.
Courtesy of Richmond Register, 02/10/2020 (View article)