Memorandum of Understanding with the Cumberland Economic Development Corporation Approved

The Mayor and City Council approved a Memorandum of Understanding with the Cumberland Economic Development Corporation. The MOU will allow the implementation of the city’s economic development strategic plan to be overseen by the CEDC Board of Directors. The Board of Directors includes John Balch, Cynthia Bambara, Jonathan Hutcherson, Mike Marchini, Jeff Rhodes, and Barry Ronan, with one additional seat to be appointed by the Mayor and City Council. Jonathan Hutcherson will serve as Chairman of the Board of Directors, Mike Marchini will serve as Vice Chairman, and Barry Ronan will serve as Treasurer. The City’s Economic Development Coordinator, Shawn Hershberger, will become the Corporation’s President and Executive Director, and the City’s Economic Development Assistant, Cady Kirkwood, will serve as Secretary. The CEDC will be the lead economic development entity within the City of Cumberland with a focus on the three primary points of the 2014 Economic Development Strategic Plan – Market & Asset Development, Marketing & Outreach, and pursuing Organization & Regulatory Changes.