River Valley Bank Foundation promotes economic development

A $3,000 grant from River Valley Bank Foundation Inc. will help further the goals of the Dickinson Area Economic Development Alliance. From left are Jim Helgren, market manager for River Valley Bank in Iron Mountain; Lois Ellis, executive director of the Dickinson Area Economic Development Alliance; and Alissa Hedlund of River Valley Bank.

IRON MOUNTAIN — River Valley Bank Foundation Inc. has awarded a $3,000 grant to further the goals of the Dickinson Area Economic Development Alliance and its efforts to improve the economic future of the area.

“We want to thank River Valley Bank Foundation for this generous grant,” DAEDA Executive Director Lois Ellis said. “Their support of our mission and our goals is genuinely appreciated.”

Jim Helgren, market manager for River Valley Bank, said the decision to award the grant was made with full support of the foundation’s board.

“You cannot place a value on the work that the DAEDA does and the positive impact they make,” he said. “We are better off as a community with this organization and it deserves everyone’s full support.”

The Dickinson Area Economic Development Alliance recently underwent an extensive restructuring process. Throughout 2017, the Alliance leadership completed a community survey to better understand the current economic climate, available opportunities and how best to address them. 

The group also conducted efforts to secure investor commitments for the reorganized and refocused group and named a new 17-member board of directors.  A strategic planning process was undertaken in 2018 to identify activities that would support progress in addressing the needs of the four most important topic areas. 

Task force groups meet regularly to carry out activities supporting the goals of talent development and education stimulus, infrastructure improvement and housing development, business retention and growth efforts, and marketing and branding to highlight the area’s opportunities. Each of these strategic work groups, and the many volunteers that are assisting, are working to create a brighter future for the region.

More information on the Dickinson Area Economic Development Alliance can be found at www.daeda.org.

COMMENTS