PRESS RELEASE: September 19, 2024
BDC Receives Five 2024 Excellence in Economic Development Awards from the International Economic Development Council
Baltimore, MD—The Baltimore Development Corporation (BDC) announced today that it has been honored with five 2024 Excellence in Economic Development Awards from the International Economic Development Council (IEDC). The IEDC’s annual Excellence Awards recognizes transformative economic development projects that have profoundly impacted communities, regions, and nations.
BDC was one of only three organizations to win five awards, the highest number given this year, and the only organization in the world to receive four Gold Awards. The awards were bestowed specifically for the following economic development projects and categories:
"BDC is setting the standard of excellence for economic development. These awards highlight BDC’s commitment to its community and demonstrate the transformative impact of economic development,” said Nathan Ohle, IEDC president and CEO, “It is with great pride that IEDC presents this award to BDC, celebrating their leadership and innovation in the field of economic development."
Every year, IEDC looks specifically for economic development organizations, government entities, initiatives, and programs that have demonstrated consistent, exemplary performance in the economic development profession. The Excellence Awards spotlight organizations leading the execution of projects that have a significant impact on revitalizing communities and playing a major role in shaping and improving the practice of economic development.
"I’m proud to congratulate the Baltimore Development Corporation on these well-deserved awards from the International Economic Development Council. BDC’s work—from advancing economic equity through the Baltimore BASE Network to revitalizing Lexington Market—directly supports my vision for a more equitable Baltimore,” said Mayor Brandon M. Scott. “These projects ensure that economic growth benefits every resident, and together, we’re building a city where opportunity is accessible to all. I look forward to continuing our partnership in creating a stronger, more inclusive Baltimore."
“These awards are a testament to the collective efforts of our team and partners who are deeply committed to driving inclusive and sustainable economic growth in Baltimore,” said Colin Tarbert, president and CEO of BDC. “We’re honored to be recognized on an international stage for our work that’s creating a lasting, positive impact for our city.”
BDC will be acknowledged and honored at the IEDC 2024 Annual Conference in Denver, CO, September 15-18. For more information about the IEDC’s awards and this year’s winner, visit IEDC's Award Gallery.
About the Baltimore Development Corporation
The Baltimore Development Corporation (BDC) is the economic development agency for the City of Baltimore. Our mission is to grow the city’s economy in an inclusive manner by retaining, expanding, and attracting businesses and promoting investment, thereby increasing career opportunities for residents. For more information about BDC, visit www.baltimoredevelopment.com.
About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers. With more than 4,300 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities by creating, retaining, and expanding jobs that facilitate growth, enhance wealth, and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC’s members engage in the full range of economic development practices. Given the breadth of economic development work, our members are employed in various settings, including local, state, provincial, and federal governments, public-private partnerships, chambers of commerce, universities, and a variety of other institutions. When IEDC succeeds, its members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions. Learn more at www.iedconline.org today!
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