EDC budget shrinks - WALB.com, Albany News, Weather, Sports

EDC budget shrinks

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By Jennifer Emert - bio | email

ALBANY, GA (WALB) –  Albany Dougherty Economic Development Commission leaders worry budget cuts could hurt their ability to attract new jobs, but they know they have no choice but to accept the cuts.

County commissioners gave the EDC a heads up that the county would likely cut funding to the agency by two percent. That amounts to five thousand dollars.

Tuesday, the EDC member committee approved that cut. Director Ted Clem said it could hurt the EDC if it gets in a crunch negotiating with a company.

"It gives us not a lot of room or margin for error. We typically like to hold some money back to cover unforeseen circumstances, if we're in the middle of a big project that we need a reserve account for to get on a plane and go meet with a company somewhere that money may or may not be there in this particular case," Clem said.

Clem says he's grateful, the organization's other supporters haven't had to reduce contributions.

 

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