A Resolution by the Houma-Terrebonne Chamber of Commerce...

17.01.2020
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Supporting an Increased and Stable Funding Stream to the Terrebonne Economic Development Authority (TEDA)

WHEREAS the Houma-Terrebonne Chamber of Commerce, with approximately 620 members, employing over 15,000 citizens of Terrebonne Parish, ranks economic development as one of its top priorities for Terrebonne Parish, and

WHEREAS, Terrebonne Economic Development Authority (TEDA) is chiefly responsible for economic development in Terrebonne Parish, and

WHEREAS, Terrebonne Parish has significant economic and workforce development needs, and

WHEREAS, TEDA has seen a significant drop in public funding over the last several years, and

WHEREAS, the average public funding from Terrebonne Parish Consolidated Government (TPCG) to TEDA averaged $662,000 per year between 2007 and 2013, and

WHEREAS, in 2019 and 2020 TEDA is estimated to receive only $372,500 from TPCG, and

WHEREAS, the Lafayette Economic Development Authority, by comparison, receives almost eight times the amount of funding received by TEDA, and

WHEREAS, economic development authorities work successfully all across the United States when properly funded, and

 

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