Celeste Springer
PUEBLO, Colo. (KRDO) — The City of Pueblo is ending its contract with PEDCO, according to a press release sent by a city spokesperson.
PEDCO, formally known as the Pueblo Economic Development Corp, has worked to bring businesses to Pueblo through incentives and by having project-ready land available for sale. The organization is funded by taxpayer dollars as well as private membership dues, according to their website.
The city’s decision to terminate its contract comes after officials asked PEDCO to respond to their Request for Qualifications (RFQ), according to a city spokesperson.
“The termination is consistent with City Council’s recent request to send out a Request for Qualifications seeking new economic development partners. PEDCO was founded over 40 years ago, and it’s time for the City to seek other committed partners dedicated to growing our City and helping us become the economic center of Southern Colorado,” said Mayor Heather Graham.
City Council voted 5-2 to issue a Request for Qualifications (RFQ) to all organizations for economic development services. According to a press release, Councilors Dennis Flores and Joe Latino voted against the resolution, noting that the people of Pueblo value PEDCO.
“Obviously a surprise,” says Jeff Shaw, the President of PEDCO..
The private nonprofit has partnered with the city of Pueblo since 1985 to create new job opportunities. City officials say that the contract with PEDCO will officially end on December 31, 2025.
“See what happens after December, whether we have to look for other dollars to help market Pueblo. That’s a different conversation, you know, after December to see what happens. But it doesn’t change our operations at all. No.”
Shaw wasn’t the only one surprised by Tuesday’s PEDCO announcement.
“I was surprised…the wording of the press release kind of reflected that this was a decision made based on council’s actions, and council has had no part in that decision,” says Regina Maestri, Pueblo City Council.
In making the decision to end the PEDCO contract, Mayor Heather Graham cited this city council meeting on September 8th, where members voted to open a request for qualifications (RFQ).
In other words, start collecting input from other groups interested in being the city’s economic development partner.
In fact, it was Councilor Regina Maestri who first proposed the idea, but she says it was not a means of expressing displeasure with PEDCO.
“Because there’s never been a comparison after 40 years. And so the, citizenry, is always concerned about are we getting what’s best for the money that we’re putting out?” says Maestri.
Councilor Maestri says the RFQ will be released in mid-October, once the language is finalized.
PEDCO says they will probably still throw their name in the hat, submitting their own RFQ.
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