The Economic Development Advisory Committee (EDAC) is a group of 11 community and business leaders with innovative visions. They’re appointed by the Kendallville City Council, the mayor of Kendallville, and by the economic development organizations they represent. Each member serves a 4-year term and lives within 5 miles of Kendallville. They meet monthly to share economic development plans for Kendallville. The Chamber’s executive director serves as the record keeper and coordinator of the committee.
The EDAC gives the City Council recommendations for a business to receive a Tax Abatement. This tax phase-in program assists new and existing local businesses with a reduction in taxes on the purchase of a building, equipment, or a building expansion. Taxes on the newly-assessed value of the business start low and are increased each year of the Tax Abatement. This is an economic development tool to assist businesses while they expand and grow their sales volume.
The Kendallville Area Chamber of Commerce and the EDAC focus on economic development for Kendallville everyday! EDAC members are responsible to recommend tax abatements to City Council for new or existing business investments. For more information on the EDAC or to find out about joining, please fill out our contact form, call us at 260-347-1554, or email firstname.lastname@example.org.