The Alexandria Area Economic Development Commission (AAEDC) has released its 2024 Impact Report, highlighting a year marked by significant investment, collaborative problem-solving, and meaningful support for businesses and communities across Douglas County. The report showcases more than $103 million in regional capital investment, new job creation, business applications, and the continued expansion of AAEDC’s entrepreneurial and small-business ecosystem. It also reflects the organization’s commitment to long-term strategic priorities: business retention, coordinated regional action, and a stronger environment for both established companies and new ventures.
Throughout the year, AAEDC advanced major redevelopment and housing projects, strengthened childcare capacity, partnered with regional organizations, and engaged community members through events like the Workforce Summit, Job Fairs, and Business & Industrial Appreciation Day (BIAD). The Impact Report illustrates how these initiatives—combined with grants, business coaching, and targeted funding—are shaping the future of the Alexandria area and supporting its vision of being the premier place to live, work, and build a business.
2024 by the numbers
- $103,165,000 total regional capital investment
- 68 new direct jobs created
- 382 new Douglas County business applications
- 17 business coaching sessions
- Steady growth across social platforms: 4,729 followers on Facebook and 572 on Instagram
Major 2024 Projects & Investments
- Twenty08 Housing — $10M
- Herzog Soderholm Redevelopment — $60M
- Trailside Housing — $15M
- Park & 3rd Alex Concrete Redevelopment — $15M
- D Mike’s Resort Bar & Grill — $2.2M
- Childcare Business Incubator — $465K
- LAEDA acquisition of Avionics Building — $500K
- Loans disbursed: $75,000
- Grants received: $895,720 combined
Strategic Priorities
- Retain and support Alexandria-area businesses
- Coordinate efforts and funding to meet regional needs
- Strengthen the entrepreneurial and business ecosystem
Community & Partner Initiatives
- Alexandria HRA Grant approval
- Douglas County Car Care partnership (with direct community impact)
- Childcare grant + Rural Child Care Innovation Program
- Workforce events, job fairs, Business & Industrial Appreciation Day, Hello Neighbor, and more
- Ongoing partnership with LAEDA, ensuring stable long-term funding for local economic development
