At the suggestion of its Young Professionals Group, the Delaware State Chamber will bring back its Economic Development Committee later this fall, the Chamber’s Delaware Business magazine reported.
In the early 2000s, the committee was dropped due to an expanding Delaware economy, the magazine reported. After the housing bust, the State Chamber’s policy efforts went into supporting policies to stabilize Delaware’s economy. Much has changed over the past few years and the time is right to put additional emphasis on economic development issues, the magazine reported.
Mike Vanderslice, vice president of sales and marketing for Environmental Alliance, will chair the committee and is part of the next generation of State Chamber leadership. The Committee membership will include younger executives as well as more seasoned leaders covering a diverse number of industries throughout the state.
As part of the mission, the committee will partner with DEDO, County, and City Economic Development Offices, as well as local chambers to promote policies aid economic development, a release stated.
The formation of the committee comes after a Delaware Business Roundtable report that took note of a sluggish economic recovery in terms of tax and fee revenue. While common on the East Coast, the gap is coming at a time when some states are seeing budget surpluses.
