2 months, 3 weeks ago by Scott Hardy
Hopes to increase private membership investment
The Board of Directors of the Great River Economic Development Foundation today announces the creation of a new membership program called The Investor Program. GREDF staff, under the direction of the Board's Membership and Nominating Committee, has developed the new program with the goal of maintaining and increasing private membership investment.
Growing membership investment will allow GREDF to fulfill its mission to
maintain and improve the economic vitality of the Quincy and Adams County,
Illinois, region through the retention and expansion of existing businesses
and the attraction of new businesses to our region.
"Over the past year, GREDF has developed a new strategic plan that better
aligns the organization's goals and strategies with our annual budget and
work plan," says Dan Henke, Chairman of the GREDF Board of Directors. "One
of the key goals we identified was to develop a private membership
investment program to help support our activities."
GREDF currently has 200 member investors. The new program provides an
updated, more clearly defined structure and calculator for determining
membership investment levels. "We have always received great support from
our members and for that we are very grateful. Now we are asking members to
align their investment with their business operations and success," says
Glenn Bemis, Chairman of the GREDF Membership and Nominating Committee.
The staff has developed a recommended annual investment calculator that
bases levels of giving on a combination of three criteria:
1. Number of local employees
2. Company revenue
3. Percentage of regional customers
The recommended level of investment for financial institutions is based on deposits.
GREDF is the only organization solely dedicated to economic development for
Quincy and Adams County. Although the organization receives annual
contributions from both the City of Quincy and Adams County, over 50% of
GREDF's income is raised through private membership investment.
"This is about partnerships with our region's businesses," says GREDF
President Marcel Wagner. "Our goal is to add value to our area's business
and industry through things like business retention and expansion and
workforce development. Our new Investor Program is a way for companies and
organizations to invest in these efforts and be a part of our region's
The new levels of investment are as follows:
* Chairman's Club $10,000+
* President's Club $5,000+
* Executive's Club $2,500+
* Manager's Club $1,000+
In addition to the benefits that go along with supporting economic
development activities in our region, based on the level of investment,
member investors may receive a members-only e-newsletter, invitation to a
members-only annual breakfast, listing and link on www.gredf.org, listing on
the annual report, recognition at the annual meeting and an invitation to
the board of directors annual dinner.
GREDF is pleased to announce that three local organizations have stepped up
to become the first $10,000 Chairman's Club members: Adams Networks/Adams
Telephone, Blessing Health System and The Knapheide Manufacturing Company.
"For 166 years, Knapheide has proudly called Quincy, Illinois and Adams
County home," states Harry Marcionetti, Senior Vice President of Operations,
at The Knapheide Manufacturing Company. "Our involvement and support of
GREDF will help ensure that we have the economic growth and development
within the region to support our endeavors for tomorrow and beyond."
"The Blessing Health System considers its GREDF membership as an investment
in Quincy, Adams County and the tri-state region," says Maureen Kahn,
incoming President and CEO of the Blessing Health System and a GREDF board
member. "We need a strong economic development organization to support job
creation so that those of us who benefit from economic development can
continue to grow our own enterprises."
In addition to these investments, GREDF has received commitments from a
number of other area companies to increase their levels of giving. "We've
been knocking on a lot of doors to find out more about our region's business
community, thank them for their past support and ask them to consider
becoming a bigger partner/investor," says Wagner. "We have had very positive
Past and current members will be receiving an electronic survey in their
email inboxes in the coming days. The quick, 8-question survey asks for
feedback on GREDF's strategic plan and asks recipients to answer a few
confidential questions about their business which will help GREDF staff
prioritize business retention and membership visits.
For more information about the new GREDF Investor Program, visit
http://www.gredf.org/about-us/membership/ or call Maggie Strong at