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PASADENA ECONOMIC DEVELOPMENT CORPORATION ACCREDITED BY THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL
10 Sep 2021
[Washington, DC]– The International Economic Development Council (IEDC) announces that the Pasadena Economic Development Corporation (PEDC) has been recognized as one of 67 economic development organizations accredited by IEDC as an Accredited Economic Development Organization (AEDO).
“PEDC displays the professionalism, commitment, and technical expertise that is deserving of this honor,” said IEDC President and CEO Jeff Finkle.
The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession. The program consists of two phases: a documentation review and an onsite visit. Each phase is designed to evaluate information about the structure, organization, funding, programs, and staff of the candidate economic development organization.
“I am excited for this prominent acknowledgment of Pasadena’s economic development successes,” said Steve Cote, Chairman of the PEDC. “I am proud of the extraordinary efforts of the entire PEDC team, as well as our partners in the community that have contributed to this accomplishment.”
Earning the AEDO accreditation tells the community and prospects that PEDC has attained a measure of excellence assuring that their trust is well-placed, and their business is in good hands.
“Congratulations to the entire PEDC Staff and Board of Directors on this prestigious honor,” said Jeff Wagner, Mayor of Pasadena. “This vote of confidence from the International Economic Development Council clearly demonstrates that the work of PEDC alongside my administration has been and continues to be hyper-focused on delivering innovation for our community.”
Maintenance of the AEDO status is required every three years and is accomplished through documentation submission and/or onsite visits by a team of the AEDO subcommittee.
About the International Economic Development Council (IEDC)
The International Economic Development Council is the largest membership association serving economic and community development professionals in the world. With over 5,000 members nationwide and abroad, IEDC offers the economic development profession one source for information and professional development, one voice for the profession and one force for advocacy. For more information on IEDC or the AEDO program, call Dana Crater at (910) 833.7020; fax (202) 223.4745; write to IEDC at 734 15th Street NW, Suite 900, Washington, DC 20005; email firstname.lastname@example.org; or visit IEDC’s website at www.iedconline.org.
About the Pasadena Economic Development Corporation (PEDC)
PEDC was created in 1998 as a nonprofit, type B corporation under the Texas Development Corporation Act. It is financed by a half-cent sales tax collected in the City of Pasadena. State law allows the city to collect this sales tax to pursue specifically authorized economic development activities in the city.
The seven members of PEDC’s Board of Directors are appointed and serve at the discretion of the City of Pasadena Mayor and City Council. The Corporation’s annual budget is also approved by City Council.