Community News

Orlando EDC Joins Elite Top 1 Percent of Economic Development Organizations Nationwide

The Orlando Economic Development Commission (EDC) is the nation’s latest economic development organization to be accredited by the International Economic Development Council (IEDC).

The Orlando Economic Development Commission (EDC) is the nation’s latest economic development organization to be accredited by the International Economic Development Council (IEDC).

Of the 4,400 economic development organizations in North America, the Orlando EDC joins the top 1 percent of economic development organizations that are accredited by IEDC as an Accredited Economic Development Organization (AEDO).

“The Orlando EDC and its team led by Rick Weddle display 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 the highest standards in the profession. The program involves two phases – documentation review and an on-site visit. Each phase is designed to evaluate information about the structure, organization, funding, programs and staff of the organization.

“The Orlando EDC is proud to be recognized by IEDC and for the opportunity to highlight its work in the Orlando region recruiting higher-wage jobs and mission-critical strategic jobs initiatives for our community,” said Rick Weddle, President and CEO of the Orlando EDC, and the first Chairman of the Board of IEDC in 2002. “As we’re working to become the nation’s preeminent economic development organization, we are honored by the IEDC’s accreditation.”

Earning the AEDO accreditation tells the community and business prospects that the Orlando EDC has attained a measure of excellence assuring that their trust is well-placed and their business is in good hands.

During the on-site visit in August, IEDC representatives met with EDC Chair Scott Faris, CEO of AeroSonix, Inc.; incoming Vice Chair David Fuller, Chairman, President and CEO of SunTrust Bank’s Central Florida division; incoming Secretary/Treasurer Robert Utsey, Senior Vice President of Skanska USA Building; Orlando EDC Past Chair Lars Houmann, President and CEO of Florida Hospital; along with Orlando EDC Board members Orlando Evora, Co-managing Shareholder of GreenbergTraurig; Harold Mills, CEO of ZeroChaos; Mike Poteshman, Executive Vice President and CFO of Tupperware Brands Corp.; and Rasesh Thakkar, Senior Managing Director of Tavistock Group.

IEDC representatives also met with the EDC’s Regional Economic Developers (RED) Team, a committee of the region’s economic development professionals from the member counties/communities, higher education institutions, utility companies and workforce development organizations to learn more about how the EDC partners with the community. Additionally, they met with leaders from the newly created International Consortium for Advanced Manufacturing Research and Enterprise Florida, the state’s economic development organization.

Maintenance of the AEDO status is required every three years and is accomplished through documentation submission and/or on-site visits by a team of the AEDO subcommittee.

With a mission to aggressively attract, retain and grow jobs for the Orlando region, the Orlando Economic Development Commission (EDC) is a not-for-profit, public-private partnership serving Orange, Seminole, Lake and Osceola counties and the City of Orlando. The Orlando EDC’s vision is to champion a more prosperous and diverse economy, and since 1977 has successfully assisted thousands of companies locate or expand in Orlando. This has resulted in more than 176,750 jobs announced, $9.5 billion in capital investment and over 79.7 million square feet of office and industrial space leased or constructed.

The International Economic Development Council is the largest membership association serving economic and community development professionals in the world. With over 4,400 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.


Want More i4? Subscribe to the Magazine.

About the author

i4 Business

i4 Business magazine has become one of the most trusted voices for and about the Central Florida business community. Each month through our print and digital platforms, we provide access to meet, to learn from and to learn about some of the incredible entrepreneurs and business leaders who are shaping our region.

Add Comment

Click here to post a comment