Often referred to as economic gardening, focusing on business retention and expansion as well as new business recruitment is an effective approach to achieving economic development.
At the 2010 Economic Development Forum in Ormond Beach, Florida, city and chamber of commerce officials honored Hudson Technologies with their Retention/Expansion Project Award.
Ormond Beach Economic Development Director Joe Mannarino, noting that the Volusia Manufacturers Association has recognized Hudson Technologies as a model manufacturer, said, “Hudson has also made a significant investment in our community through $2.6 million in capital they have invested in the business over the last three years to develop new environmentally-sound manufacturing processes and expand capacity.”
“One of our core beliefs is to invest in people, business and our community for the long term,” says Hudson Technologies President Mark Andrews. “We value the collaborative relationship that Hudson Technologies has enjoyed with the City of Ormond Beach.”
Hudson Technologies President Mark Andrews (center) accepted the Retention/Expansion Project Award from Mayor Fred Costello (right) and Kent Jones, president of the Chamber of Commerce. Founded in 1940, the Ormond Beach manufacturer is celebrating its 70th anniversary this year.