CAEDACentral Arkansas Economic Development Alliance (est. 2001; now Metro Little Rock Alliance)
CAEDACasper Area Economic Development Alliance Inc. (Wyoming)
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Angelou Economics has been working on CAEDA's marketing strategy since the beginning of the year, but its final recommendations, which will cover infrastructure, education, marketing and economic development planning, will not be released until September
CAEDA is pursuing businesses in targeted industries--automotive, biotechnology, information technology, aerospace and financial services--to move to Arkansas.
Marcell told CAEDA members it was important that the new name include "Little Rock" so that people outside the state will recognize the area.
Chuck Cook, CAEDA co-chair of marketing and president and CEO of Regions Bank in Little Rock, said that hiring a full-time employee was a priority but said there was not yet a timetable for doing so.
"We are very excited about this economic development study being conducted for central Arkansas," said Hugh McDonald, chairman of CAEDA and president and CEO of Entergy Arkansas.
CAEDA is made up of a volunteer board of business leaders and economic developers from Pulaski, Garland, Faulkner, Jefferson, Saline, White, Lonoke, Hot Spring, Conway, Grant and Perry counties.
In addition to the acknowledgment brought about by CAEDA, Arkansas' capital city was recognized in several national publications and studies this year for its economic diversity and business culture.
CAEDA currently has only volunteer staff, including a full-time employee donated by Entergy.
The effectiveness of the regional approach that landed Scholastic is one of the reasons for the existence of the Central Arkansas Economic Development Alliance, or CAEDA. CAEDA is an economic development "marketing team" comprising business leaders who represent the 11-county area in central Arkansas.
CAEDA's primary function is to market the region to out-of-state companies and site location consultants in order to attract jobs and investment to central Arkansas.