In October of 1999, the Board of Directors expanded the District’s already active role in economic development by establishing an annual Economic Development Reserve for the purpose of accelerating funding of storm drainage infrastructure to support job-creating developments in our community. This policy allows up to 50% of the District’s annual budget reserve to be allocated as an economic development reserve.
These funds may be used at the direction of the Board to support construction of Master Plan storm drainage facilities to service high priority economic development projects. Projects are considered on a first come, first served basis and each project must:
In addition to capital project funding, for the past five years the District has been an active partner with the Fresno Economic Development Corporation (EDC) in its efforts to attract business and industry to the Fresno area. In October of 2004, the District was one of more than 53 local agencies and organizations to sign the Fresno EDC’s Strategic Alliance Agreement, a collaboration pact to maximize limited resources for economic development.