If all goes as planned, a new company may enter the business world of Danville to raise funds for economic development efforts.
The Danville-Boyle County Economic Development Partnership heard a presentation Wednesday from National Community Development Services, which proposed to raise $3 million over a five-year period.
Jody Lassiter, EDP president and chief executive officer, said the partnership is considering entering into a contractual, fee-for-service relationship with a firm such as NCDS to conduct an eight- to 10-month investment campaign targeted to the private-sector business leadership in the Danville community.
Lassiter said the typical fee for a consulting service of this type would run about $25,000 per month. He said the firms do not operate on a commission basis, and the agreement will specify the funding that would be required to pay for the service.