Maryland’s Economic Development Association releases awareness survey

MARYLAND- The Maryland Economic Development Association, also known as MEDA, conducted an Awareness survey to assess the status of Maryland’s current growth.

MEDA’s information looked at averages across the state and felt it was important to quantify the return on investments. Richard Griffin is the President of MEDA’s Board of Directors,

He says they worked closely with BEACON at Salisbury University to collect data and found that $8.81 is the average return for every dollar invested in economic development in the State of Maryland.

Griffin says they strongly believe economic development transforms lives. “It’s important for communities to be able to understand that for dollars that they invest in economic development, that there’s a return in terms of jobs, and in terms of payroll, and taxes.”

Officials say they hope their nearly 600 members across the state will use this information to educate their elected officials and communities and for more information on the awareness study, visit their website.