How Can Hudson Compete? will be the topic presented by Tom Waltermire, president and CEO of Team Northeast Ohio (Team NEO), at the 2008 Annual Meeting of the Hudson Economic Development Corporation (HEDC) on Thursday, May 15, 2008. The event, to be held at the Country Club of Hudson, will begin with a cocktail and networking reception at 5:30PM, followed by dinner and the program.

Mr. Waltermire joined Team NEO, the 16-county region's marketing and business attraction organization, in 2006 following a 31-year career with major Northeast Ohio corporations: BFGoodrich, The Geon Company and PolyOne Corporation. He served as CEO of both Geon and PolyOne.

He has served as Chair of NorTech (NEO regional technology consortium) and on the executive committees and boards of Cleveland Tomorrow, the Greater Cleveland Partnership, JumpStart, Inc. and the Ohio Business Roundtable. He serves on Ohio's Third Frontier Advisory Board. He also is Senior Advisor to investment banking firm Brown, Gibbons & Lang.

In addition to Mr. Waltermire's program, HEDC will present the first-ever Hudson Economic Development Advocate of the Year Award to an individual, group, or organization that has/have made a major positive impact on economic development in Hudson in 2007. Nominations are being accepted. Criteria for selection include: residence in or involvement with Hudson; well recognized involvement with economic development during 2007; and actions with meaningful economic impact in 2007. Nominations of no more than 75 words should be submitted to Bill Wooldredge (wdwooldred@rodrunner.com or by mail to 100 College Street) no later than May 5th.

The HEDC 2008 Annual Meeting is open to the public. Reservations by May 10th are required and can be made by calling Mike Dostal at (330)463-0216 or by emailing michael.dostal@citizensbanking.com. A reservation form can be downloaded from HEDC's website: www.hudsonedc.com.' target='_new'>http:www.hudsonedc.c...m.The form and checks made payable to HEDC can be mailed to: HEDC, PO Box 573, Hudson OH 44236.

Background: The Hudson Economic Development Corporation (HEDC) is formed exclusively for the promotion of economic development in the City of Hudson, Ohio and related educational and charitable purposes, including:

to aid in the retention and expansion of existing industrial, commercial and retail businesses, and the attraction of such new businesses to Hudson, focusing especially upon the development of those vacant sites designated for industrial and commercial businesses and the maintenance of a viable downtown, including the historic district;

to promote a positive relationship between the business community and the City of Hudson in order to create a safe, predictable and economically viable environment within which businesses may operate;

to educate the Hudson populace about the benefits of economic development for the community and to build a broad base of support therefore;

to educate the general public and interested parties with respect to the benefits of locating businesses in Hudson by acting as a clearinghouse for information on projects and programs designed to attract businesses to Hudson,

by developing and maintaining an educational database of existing commercial/industrial properties and buildings available for sale and/or lease,

by the development and dissemination of educational brochures, publications and other written materials and by combining and maintaining for educational purposes current labor, wage and benefit statistics to assist in the economic development of Hudson; and

to reduce the burdens of government by assisting, as appropriate, the City of Hudson in its efforts to spur economic development.

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