The Economic Development Center (EDC) of St. Charles County was founded in 1990 by the merger of Crossroads Finance, a 504 lender, and the St. Charles County Industrial Development Authority (IDA).The goal was to provide a one-stop approach to encouraging growth and development in this western part of metro St. Louis.
In 1993, the EDC opened a 30,000-square-foot incubator to serve the burgeoning startup community in St. Charles County. This was expanded to a total of 60,000-square-feet in 1994.
With the adoption of a charter form of government for St. Charles County in the early 1990s, local governments joined forces with the EDC to expand its impact and importance in the community.
In 2001, the EDC founded the Partners for Progress (PfP) of Greater St. Charles County to bring major employers and institutions together in a membership organization focused on public policy initiatives. The focus was to help make St. Charles County a nationally recognized, most livable community.
Now after 30 years of success, the EDC is re-inventing itself in 2020 as it renews its emphasis on its 6 core services: Business Recruitment and Retention, Business Financing, Business Incubation, Business Counseling, Regional Marketing, and Public Policy.
As a non-governmental, 501(c)4 public-private partnership, the EDC annual budget is approximately $2 million, with less than 10% coming from local government support.
With a 29-member volunteer board made up of local government representatives, IDA and Partners members and at-large members from the business and civic community, the EDC mission is to be “a catalyst fostering growth so businesses, institutions, communities and individuals succeed and flourish in St. Charles County and metro St. Louis.”