Building a Bridge to the Future
The mission of the Phelps County Development Corporation is to encourage business retention and promote economic development while preserving the quality of life in Phelps County, Nebraska.
Prosperity Project: Growing Phelps in 5
PCDC developed a comprehensive 5-year economic development strategic plan as an outgrowth of Vision 2020. Vision 2020 covened community stakeholders and identified eight priorities for Phelps County communities. PCDC used the stakeholders' direction to create Prosperity Project: Growing Phelps in Five.
Prosperity Project sets forth PCDC's plan for using its resources during the time period between 2012 to 2016 to addresses each of the eight community goals with four distinct action areas of its own:
- Develop a Marketable Product
- Leverage Financial Resources
- Collaborate and Promote
- Inspire and Recruit Talent
While the citizens of Holdrege had supported economic development by voting in a quarter-cent sales tax and both public and private entities had historically supported PCDC's efforts financially, Prosperity Project's scope exceeded the existing revenue streams. The private sector rose to the challenge, pledging $1.3 million to fund the comprehensive 5-year economic development initiative.
The public-private partnership includes Phelps County; the City of Holdrege; the Villages of Funk, Bertrand, Loomis and Atlanta; and more than 120 private investors.
The PCDC was first incorporated in August of 1998 under the guidance of the Holdrege Area Chamber of Commerce. In 2000 the agency hired its first director and worked with Allmand Bros. to secure a Community Development Block Grant (CDBG). The loan, initially extended to Allmand Bros. to finance an expansion, would become a countywide revolving loan fund for Phelps County start-ups or expansions. In that same year, The Connection, an inbound call center, was recruited to Holdrege.
Since 2003 PCDC has facilitated the purchase of a vacated building by BD, controlled land marketed to the value-added agriculture sector, financially assisted in several start-up operations and numerous business transitions, and recruited Ag West Commodities. Additionally, PCDC and its partners secured a $750,000+ "New Neighborhood" grant for workforce housing.