Local Community Development Corporations

Tuesday, April 19, 2011

3 of the 4 Major Economic Development Agencies in W-S to Combine Efforts

There are 4 Major economic development agencies in Winston-Salem: the Chamber of Commerce, the Downtown Winston-Salem Partnership (DWSP), Winston-Salem Business, Inc., and the Winston-Salem Alliance. (Each of their websites can be accessed via the links to the right of this article with the exception of the Winston-Salem Alliance which does not maintain a website.)

Each of these agencies has a distinct mission. The Chamber of Commerce seeks to foster the development of existing local businesses, Winston-Salem Business, Inc. markets W-S to outside businesses and recruits them here, the Winston-Salem Alliance is a group composed of influential industry leaders in the community, and, as the name implies, the DWSP has a geographic element to its mandate.

According to an article in today's Winston-Salem Journal, a plan is afoot which will combine the fundraising and strategic planning efforts of the Winston-Salem Alliance, W-S Business Inc., and the DWSP. Leaders of the groups believe that having a united Winston-Salem economic development front will have a synergestic effect both on local fundraising as well as broader strategic development goals for the city. The Chamber of Commerce will remain independent and focused on its mission of fostering growth of existing members.

Read the Winston-Salem Journal article here.

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