The Danville/Boyle County Economic Development Partnership has scrapped plans for a major fundraising campaign in light of the current economy.
EDP had planned to hire a fundraising firm to conduct an eight- to 10-month investment campaign targeted at private-sector businesses. It hoped to raise $3 million over five years to use toward economic development.
But John Caywood, the group's vice chairman and chairman of its private investment subcommittee, said a lot has happened economically in the past few weeks to make the group reconsider an involved campaign at this time.
"The overall thinking among the three of us (in the sub-commitee) ... is that now is probably not the time," said Caywood, a Danville businessman.