Understanding Stillwater Economic Development Authority (SEDA)
The Stillwater Economic Development Authority (SEDA) is a strategic partnership between the City of Stillwater and the Stillwater Chamber of Commerce, designed to drive economic growth and community investment. This unique collaboration allows the Chamber of Commerce to manage economic development efforts on behalf of the City under a detailed, annually renewed contract.
Each year, specific objectives and deliverables are outlined within this contract, ensuring accountability and alignment with the City’s goals. These deliverables, set forth by the City’s Economic Development Committee, are accessible as public records on the City of Stillwater website, offering transparency to the community.
In practice, the partnership is characterized by a unified project team, blending expertise from both the City and Chamber. Together, they work to support businesses, site selectors, and consultants with one overarching goal: to enable sustainable growth and enhance the quality of life for Stillwater residents. This combined approach allows SEDA to leverage the strengths of both public and private sectors, creating a dynamic environment for economic development.