News Flash Home
The original item was published from 1/14/2014 2:45:18 PM to 9/21/2015 12:05:01 AM.

News Flash

Executive - Press Release

Posted on: September 20, 2013

[ARCHIVED] County Executive to Launch ‘New Castle County 2025,’ First-Ever Comprehensive Economic Development P

County Executive Tom Gordon has ordered the first-ever comprehensive economic development plan for New Castle County, which comprises nearly three-quarters of the State’s economic activity. Once completed, the "New Castle County 2025 Economic Development Plan" will be a blueprint for economic growth and sustainability in the First County of the First State.

“Delaware is ranked second to last in GDP growth, home price appreciation, and wage growth. According to Moody’s, one of the three major credit rating agencies, we're the only state in the union at risk of falling back into the recession,” County Executive Gordon said. “Now is not the time for blind optimism but, rather, for realistic self-assessment and comprehensive planning.”

Chief Administrative Officer David Grimaldi, who managed nearly a quarter billion dollars throughout his private sector career, will work with Economic Development & Policy Director Marcus Henry to launch focus group meetings with leaders from business, labor, and academia, as well as other governmental entities and civic organizations.

“There's an old saying, ‘If you fail to plan, you plan to fail’,” Grimaldi said. “We can’t have a serious conversation about sustainable economic growth without a clear strategy to accomplish established goals. The County Executive’s plan will be the first in the County and in the State.”

The County Executive’s Economic Development Plan would have four components:

• A rigorous self-assessment to determine the competitive strengths of northern Delaware and build upon them
• Identification of the growth industries of the future, taking into account the demographic and technological shifts which are likely to define the next decade
• Devise a plan to attract and retain growth-sector businesses and rejuvenate the entrepreneurial spirit of New Castle County
• Develop realistic timelines with quantifiable measures of progress

“We need to create an entrepreneurial environment where new ideas can be met by early stage investors and grow into successful businesses,” Gordon said. “When companies are born here, they tend to stay here.”

Facebook Twitter Email

Other News in Executive - Press Release

Disaster Declaration Update

Posted on: October 27, 2021

WOW! What is going on with the sun?

Posted on: August 16, 2017

Holiday event canceled at Carousel Park

Posted on: December 5, 2016
Mannequin Challenge moment (3).jpg

Donations sought for prom gown giveaway

Posted on: November 15, 2016

“Year of the Senior Citizen” Declared

Posted on: February 11, 2016

County resumes normal operating hours

Posted on: January 26, 2016

Fishing begins at Glasgow Park

Posted on: November 16, 2015

County’s New Website Now Live

Posted on: March 18, 2014

New Castle County Dog Licenses Due March 1

Posted on: February 24, 2014