Acknowledging Palm Beach County for its globalization initiative, the International Economic Development Council (IEDC), the world’s largest economic development association, presented the county with a 2009 Award of Excellence on October 6 at the IEDC's annual conference in Reno, Nevada.
"As the consequences of the widespread economic turmoil have taken hold, we have seen our members become even more ardent proponents of economic development,” said Ian Bromley, IEDC chair. “We proudly present this award to Palm Beach County for its superior work during these difficult times."
Competing in the category of Responding to Globalization by organizations serving areas with populations exceeding 200,000, Palm Beach County’s 21st Century Strategic Economic Plan was a clear standout. The plan involves a system of 36 public-private partnerships designed to attract global interest, trade and investments to Palm Beach County, and serves as a prototype for communities of the future.
Highlights of the plan include the developing biotech cluster in northern Palm Beach County, an Intracoastal Waterway master plan modeled on the Thames Gateway project, creation of an inland port linked to expansion of the Panama Canal, European trade MOU agreements signed, and establishment of a global capital market group to harness international wealth for Palm Beach.
“The 21st Century Strategic Plan serves as a point of reference for local discussions on economic, social and related issues taking place,” said Economic Development Director Kevin Johns, who accepted the award. “One of our international economic goals is to transform our boutique community into America’s financial Monaco.”
To discuss global capital and financial issues, the next annual conference meeting of the Global Capital Market Advisory Group is scheduled for February 19, 2010, at Northwood University in West Palm Beach.
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