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FY 2015 Defense Spending By State report now available for download.

Fort Ord Reuse Authority’s economic development program funding extended

Fort Ord >> Funding for the Fort Ord Reuse Authority’s economic development program, which supports staff resources and regional development agencies, has been extended through the currently scheduled 2020 FORA sunset.

The FORA board unanimously approved the extension. The economic development program’s annual budget is $250,000 and provides support for agencies including the CSU Monterey Bay’s Startup Challenge, the Small Business Development Center, and the Monterey Bay Economic Partnership, among others. The staff, including the manager and part-time employee, is involved in marketing, information management, website development, conferences, and other efforts to advance regional economic recovery.

“We’re very happy the FORA Board understands the value of building on our existing successes and leveraging regional partnerships and relationships,” said Josh Metz, FORA economic development manager. “Consequently, we are creating jobs, housing and workforce improvements in the near term.”

The economic development program plans to build on the momentum created from the success of its initial two-year trial run, and work toward realizing remaining Fort Ord reuse visions.

Some accomplishments of the program include launching a Fort Ord reuse economic development website, www.OrdForward.org; strengthening Startup Monterey Bay with funding and support; conducting biennial jobs surveys showing 12- to 15-percent growth over the period; supporting FORA member jurisdictions in activating development opportunities; and finalizing the creation and adoption of the new regional urban design guidelines.

Read the complete article here.

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The information above is for general awareness only and does not necessarily reflect the views of the Office of Economic Adjustment or the Department of Defense as a whole.