The AAEDC's mission is to provide regional leadership in a collaborative effort to facilitate job growth. With support from Lakes Area Economic Development Authority (LAEDA) by providing fair and equitable resources. Through joint strategic planning processes between the AAEDC and the LAEDA, core initiatives and strategies are defined to develop a shared vision of the future and to identify goals and objectives against which progress toward achieving that vision can be measured.
The Alexandria Area is a regional center sustaining a vibrant, growing economy that is attractive to businesses and to a capable, productive workforce. To ensure long-term vitality for economic development efforts in the Alexandria Area, the AAEDC sought legislative authority and received approval in 2003, to create the Lakes Area Economic Development Authority (LAEDA). The LAEDA model is the first of its kind in Minnesota to bring together communities and townships under a formal structure with designated EDA powers.
- Regional Collaboration
- Financial Accountability