[Congressional Record Volume 154, Number 50 (Tuesday, April 1, 2008)]
[Senate]
[Pages S2290-S2291]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         ADDITIONAL STATEMENTS

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               RECOGNIZING THE ECONOMIC DEVELOPMENT CENTER

 Mr. BOND. Mr. President the first small business incubator in 
St. Charles County was opened 15 years ago in March 1993 by the 
Economic Development Center at 5988 Mid Rivers Mall Drive in St. 
Peters, MO.
   The EDC business incubator has become a landmark in the heart of St. 
Charles County serving as a beacon for new entrepreneurs and business 
owners and hosting countless special events for the business community 
and general public.
   More than 150 companies with 500 jobs have graduated from the EDC 
incubator into the general marketplace and grown those jobs into more 
than 1,000 impacting St. Charles County and the St. Louis region.
   The EDC incubator facilities provide startup assistance, month-to-
month leases, shared office equipment, conference rooms, professional 
support staff, and access to important resources such as training and 
financial assistance; and,

[[Page S2291]]

   When the EDC opened its doors in 1993, St. Charles County had a 
total labor force of 132,602, total population of 232,360, and total 
assessed valuation of less than $2 billion.
   Thanks to the efforts of the EDC and a myriad of organizations and 
individuals in St. Charles County, today the area has a total labor 
force of 189,862, total population of nearly 350,000, and total 
assessed valuation of more than $7 billion.
   Local community leaders in business and government along with State 
and Federal officials helped to foster the development and dynamic 15-
year track record of the EDC's business incubator and other specialized 
business services.
   The tremendous impact and importance of the Economic Development 
Center's small business incubator facility will certainly continue to 
grow successful businesses, well-paying local jobs, the expanding local 
tax base, and the exceptional quality of life enjoyed in St. Charles 
County, MO.

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