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About Xenia Economic Growth Corporation
The XEGC is governed by a 7-member Board of Trustees with representation from the City Administration, Xenia Community Schools, Xenia Area Chamber of Commerce, and from the industrial, financial, and retail\service sectors of the community. The Board of Trustees conducts regularly scheduled monthly meetings, with special meetings as required. The day-to-day operations are assigned to the Executive Director who is the chief administrative officer of the Corporation. The XEGC currently has (2) standing committees; the Advisory Committee and the Loan Review Committee, other program or project-specific committees are appointed as needed. The Advisory Committee functions in an advisory and investigative capacity to assist in reviewing, evaluating, prioritizing, developing, and implementing programs, projects, and activities that are in accordance with the annual Goals and Objectives and/or as outlined in the By-Laws of the Corporation. Recommendations are submitted to the XEGC Board of Trustees for further action. The Loan Review Committee has the responsibility for the administration and conduct of business of the City of Xenia Revolving Loan Fund. The Revolving Loan Fund is a limited supplemental source of financing which must be used in conjunction with conventional financing for the purpose of creating or preserving jobs in the City of Xenia. The Loan Review Committee conducts an analysis of loan applications and submits a recommendation to the Board of Trustees for final action. Economic Development - by conservative definition is a multi-faceted, all-encompassing activity designed to increase the economic vitality of a community and the area by utilizing all available resources - human, financial, and natural. In reality, a community's economic growth is actually a product of the combined efforts of the entire community. The public-private partnership that has evolved in Xenia includes the active participation and cooperation of the entire community; government, education, finance, business and industry, and local citizens. And, since economic development cannot be isolated to a single community, the partnership includes cooperation with Greene County, other Greater Dayton Area communities, and the State of Ohio. In addition, the XEGC and the Greene County Department of Development have developed a unique team approach which provides for cooperative marketing efforts and economic development services to maximize the development strengths of both the City of Xenia and Greene County. While the XEGC places primary emphasis on the industrial development activities, the commercial-service-retail, and residential sectors of the community are also significant factors in a community's economic growth. The XEGC provides assistance in a variety of areas; primarily informational, and through partnerships with a variety of community organizations and individuals. A very brief overview of the Goals and Objectives of the Xenia Economic Development Program includes the following major activity areas:
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The Xenia Economic Growth Corporation (XEGC), a hybrid public-private
non-profit corporation has been designated by the Xenia City Council as
the economic development agency for the City of Xenia, Ohio. In this capacity,
the XEGC has the responsibility of initiating, developing, and administering
the various elements of the Xenia Economic Development Program.