The Arizona Department of Commerce has presented a Rural Economic Development Initiative Grant (REDI) in the amount of $8,000 to the Payson Regional Economic Development Corporation.
This grant will be used to buy a quarter page advertisement in the "Arizona Business Journal," according to Scott Flake, executive director of the PREDC.
"The Payson Regional Economic Development Corporation wrote the grant application based on local goals and needs," said Commerce Deputy Director Joe Yuhas.
"REDI allows smaller Arizona communities like this to create and use new economy tools that accelerate their business attraction and job creation efforts."
REDI was created by the legislature in 1987 to promote economic development in rural areas and communities of this state.
"The department of commerce is always a wonderful partner for us and with our limited advertising budget, this grant will really help us get the word out to businesses in Arizona to think about us as a potential site for their operation," Flake said.
Eighteen organizations, representing 33 communities currently hold REDI accreditation.
REDI provides direct assistance to rural communities to increase job opportunities, effectively manage community resources and develop marketing strategies.
The Arizona Department of Commerce also makes matching grants available for services such as consultants and specific studies or projects that have statewide benefit.
For more information on the REDI visit the Commerce website at www.azcommerce.com.