Annual Reports

Letter from the Chairman

Greetings friends, colleagues and community partners.

On behalf of the Board of Directors of the Pasadena Economic Development Corporation (PEDC), I am pleased to present you with the

2021 Annual Report. What a year 2021 was for widespread community prosperity and comprehensive economic developments.

Laser-focused on PEDC’s Economic Development Strategic Plan, established in 2018, we dissected the plan’s key redevelopment opportunities and made substantial strides in planning, design and implementation of those instrumental projects. They will support the continuation of reviving Pasadena while preserving and enriching the history and roots of our unique city.

In 2021, PEDC board and staff members were thrilled to be honored by the International Economic Development Council as an Accredited Economic Development Organization for PEDC's work in the economic development industry. This distinguished accreditation is only held by 70 other Economic Development Organizations (EDOs) in the world. To put that into a relative perspective, there are over 9,000 EDOs in the U.S. alone. This honor affirms to the community that their trust is well-placed in PEDC and their businesses are in the right hands. This is one of the biggest accomplishments under PEDC's belt to date and it is all thanks to the PEDC Board of Directors and Staff, regional partners, and elected officials helping PEDC reach new milestones every day.

Building on the foundation of the Pasadena Loves Local Campaign, created in partnership with the Pasadena Chamber of Commerce and PEDC in 2020, we launched a new Business Retention & Expansion (BR&E) program in 2021 under the shop local campaign’s umbrella with a target to build and nurture relationships with Pasadena businesses and understand how PEDC can best assist in their big picture goals and current concerns to ensure continued economic prosperity in Pasadena.

We continue to heed the voice of the community and provide avenues regularly for community feedback, especially when it comes to projects concerning quality of life, such as park trails and community beautification. In this same vein, we are excited to share that the Vince Bayou Greenway project is well into the design phase to provide a hike-and-bike trail along Vince Bayou from Pasadena's Memorial Park to Strawberry Park.

As our community transforms ahead of us, PEDC, with the help of our regional and community partners, remains focused on realizing the goals set forth in the Economic Development Strategic Plan for the City of Pasadena. In 2021, we saw thriving projects and community development. PEDC anticipates building on that solid progress in 2022 and beyond.

Sincerely,

Steve Cote

Steve Cote, Chairman

Pasadena Economic Development Corporation