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Economic Development Corporation

Mission

Encourage, develop and enhance local economic development and redevelopment required to sustain the quality of life on Hilton Head Island over the long term. Create a climate to attract and retain business investment potential, broadening and deepening the economy by coordinating economic regeneration under a singularly focused business entity.

Initial Goals and Expectations

  • Provide short and long-term strategic business plan development concepts/ideas for economic growth of the Island for Town Council approval.
  • Develops performance measures of economic success. Negotiates specific goals, expectations and resources necessary with Town Council.
  • Maintains an up-to-date, working knowledge of various properties for development or redevelopment and develops concepts for Town Council.
  • Serves as the primary contact point for economic and business development and facilitates in the closing of deals.
  • Links economic resources to opportunities for business growth, attraction or investment.
  • Coordinates activities with other economic development partners for recruitment retention and regeneration including by not limited to:
    • South Carolina Department of Commerce
    • Hilton Head Island Chamber of Commerce
  • Develops programs/actions to support the retention and growth of existing Island businesses.
  • Identifies potential targeted businesses for the Island, consistent with the Island's image, brand and culture.
  • Provides advice to Town Council and Staff in possible actions to create a "Positive Environment for Business Investment" in attracting businesses, or in supporting growth of existing businesses.

Accountability

  • The EDC is an integral part of the Town of Hilton Head Island Governance.
  • It operates independently to the extent that it is chartered by mission, expectations of performance, goals and results, approved by Town Council.
  • It shares administrative and other services with Staff as agreed.
  • Once established, the EDC shall have power of reappointment of members, subject to Town Council Approval.

Economic Development Corporation Bylaws PDF icon