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The Thunder Bay Community Economic Development Commission (CEDC) Board of Directors Announces the Retirement of CEO


January 30, 2013 - Steve Demmings, the CEO of the Thunder Bay Community Economic Development Commission (CEDC) for the past six years, has announced his intention to retire effective March 22 of this year. Mr. Demmings was chosen as the founding CEO of the CEDC, to implement the mandate to grow and diversify the economy of Thunder Bay. Over the past six years the CEDC has diligently worked with stakeholders in the private and public sectors to fulfill this mandate.

During the six years Mr. Demmings has served as CEO, much progress has been made toward building a strong foundation for further growth and diversification of the Thunder Bay economy.  While the unemployment rate for Thunder Bay has improved from 7.6%, six years ago to 5.0% today, much remains to be accomplished.  
 
The CEDC Board of Directors will immediately initiate a nation-wide search for a candidate to succeed Mr. Demmings as CEO of the CEDC.  In the meantime, the Board of Directors would like to thank Steve for his dedication and commitment, and for his hard work in helping to promote economic development for our community, and wishes him all the best.
 

About CEDC:

The CEDC is responsible for business development, retention and expansion, entrepreneurial support, opportunity promotion, and the collection and assessment of key business data. The CEDC receives formal proposals for projects that will contribute to economic development. It responds quickly to new opportunities and initiatives to attract direct financial involvement from government and private sectors.

Located within CEDC’s administrative office, the Thunder Bay & District Entrepreneur Centre provides seminars, workshops and free, confidential business counselling services to new and existing small businesses.

For more information, visit www.ThunderBayCEDC.ca

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Contact:         Paul Inksetter, Chair of the CEDC, 345-1614