Richardson Contact: Ashley Sears
FOR IMMEDIATE RELEASE
RICHARDSON ECONOMIC DEVELOPMENT PARTNERSHIP REACCREDITED BY INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL
Richardson Retains Prestigious Dual Honors as an Accredited Economic Development Organization and Five-Star Chamber of Commerce
[Washington, DC] – The International Economic Development Council (IEDC) has once again recognized the Richardson Economic Development Partnership (REDP) as one of only 58 economic development organizations accredited by IEDC as an Accredited Economic Development Organization (AEDO). Originally accredited in 2013, the REDP was reaccredited by IEDC following three successful years of activity as an AEDO member.
“Thanks to the extraordinary efforts of our City and Chamber staff, and the generation and execution of strategic economic development initiatives and programs, Richardson has again earned this prestigious national recognition, sustaining its distinctive status as one of just a few communities nationally with an accredited economic development organization and a five-star Chamber of Commerce," said Richardson Mayor Paul Voelker. "The reaccreditation is a powerful testament to how the REDP continues to make Richardson strong by helping to attract and retain world-class businesses, particularly those in our core sectors of technology, financial services and healthcare.”
Among other important measures of success, the REDP’s purposeful efforts have helped Richardson attract leading business innovators such as State Farm, Raytheon, GEICO, RealPage, Frontier Communications, Aprima Medical Software and Applied Concepts, Inc. over the past few years, as well as numerous cloud computing operations and datacenters. The REDP has also reduced the vacancy rate in Richardson’s flex space by more than half since 2013, and most recently convened a task force that developed a proactive strategy to spur economic revitalization in the East Arapaho/Collins area, which has historically been home to suppliers of Richardson’s large technology companies.
“The accreditation process measures our organization against the best in the business,” said Bill Sproull, president and CEO of the REDP. “Due to the hard work of our dedicated REDP team, as well as our network of community liaisons, we were proud to maintain our accredited designation. This tremendous honor shows the community and prospective business owners that the REDP has sustained a measure of excellence, assuring that their trust is well-placed and their business is in good hands.”
Richardson’s strong international business development program, based out of the REDP, and attractiveness as a destination for inbound foreign direct investment have also earned the city high rankings in the last three “American Cities of the Future” reports from fDi Magazine. Today, more than 60 international companies have operations in Richardson, including the headquarters or major operations of companies from Asia, Europe, South and Central America and the Middle East.
“The Richardson Economic Development Partnership displays the professionalism, commitment and technical expertise that is deserving of this honor,” said IEDC President and CEO Jeff Finkle.
The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the industry. The program consists of two phases: a documentation review and an onsite visit. Each phase is designed to evaluate information about the structure, organization, funding, program and staff of the candidate economic development organization.
Maintenance of the AEDO status is required every three years and is accomplished through documentation submission and/or onsite visits by a team of the AEDO subcommittee.
The International Economic Development Council is the largest membership association serving economic and community development professionals in the world. With over 5,000 members nationwide and abroad, IEDC offers the economic development profession one source for information and professional development, one voice for the profession and one force for advocacy. For more information on IEDC or the AEDO program, please contact AEDO Program Manager Dana Crater at 910-833-7020 or firstname.lastname@example.org
, or visit IEDC’s website at http://www.iedconline.org/AEDO
About the Richardson Economic Development Partnership
The Richardson Economic Development Partnership (REDP) is a joint effort of the City of Richardson and the Richardson Chamber of Commerce, dedicated to building a vibrant and thriving local economy by attracting new investment and jobs through marketing, recruitment and working with existing employers. The REDP offers numerous services to companies considering expansion or relocation to the Telecom Corridor® area, including broker and real estate referrals, cost of business analyses, incentives, partner and executive introductions, relocation assistance, site selection, tours and city information. For more information, visit www.telecomcorridor.com
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