New Vision Looks to Raise $1.9 Million Dollars
New Vision, Yakima Counties Development Association has kicked off its latest Capital Campaign. Over the next five years New Vision hopes to raise $1.9 million dollars from both the public and private sector. New Vision CEO and President David McFadden "We want support from every city in the Valley and Yakima County. Those are our public partners. On the private side we hope to have between 250 and 300 private investors to continue to support our cause."
Mike Broadhead, Campaign Chairman, is optimistic about reaching the $1.9 million goal. "A recent economic study revealed that in the last five years, New Vision has generated a return on investment of $95 for every dollar invested." "As a banker, I'd call that a pretty good investment."
The money will be used to continue to try and attract new business to the Yakima Valley. It will also be used to help existing businesses that want to expand and to help local entrepreneurs looking to start new businesses.
The Yakima County Development Association was established in 1985 to engineer a county-wide economic development effort. In its 28 years, New Vision has materially assisted 43 firms to locate or expand in Yakima County. This has created 2,852 new jobs over $532 million in economic activity.