2018 EDC OBJECTIVES
Increase the number of visitors to Woodstock
Develop a more permanent relationship with visitors to help grow and diversify Woodstock’s residential population
2018 EDC INITIATIVES
Develop a new website for Woodstock in collaboration with the Chamber of Commerce
Implement a year-long PR campaign to attract potential visitors, residents, and business owners
Explore options to increase internet connection speeds for the Woodstock area
Fund a range of grants to local businesses, organizations, projects, and initiatives (approximately $176,000 in grants allocated to date)
2018 EDC Funding
The EDC is responsible for managing the Community and Economic Development Fund. Since 2015, the 1% Local Option Tax on rooms, meals, and alcohol has contributed approximately $570,000 to the fund. In its first year, the EDC received just over $230,000. In its second year, that amount increased to $253,000, representing a 9.8% increase and indicating a healthy, strong tourism economy. After allocating funds to grants and commitments, this leaves the EDC with an unencumbered balance of $395,000.
2018 EDC Structure
Nine volunteer commissioners have governed the EDC since its inception in 2015.. In 2018, the EDC structure will include a paid, part-time EDC coordinator, managed by the EDC commission. Additionally, four key subcommittees, comprised of EDC commissioners and Woodstock residents, including Promotion, Economic Resources, Civic Beautification and Recreation Assets.