Menu

Springfield Business Development Corp. Quickly Reaches 85% of its Capital Campaign

7/7/2010

Springfield Business Development Corp.’s five-year Partnership for Prosperity II campaign is at 85 percent of its goal at its halfway point.

Despite a campaign launch in January 2008 – one month after the National Bureau of Economic Research pinpoints as the start of the recession – the Springfield Area Chamber of Commerce subsidiary’s capital campaign is at $193 million. Its five-year goal is $225 million, said Ryan Mooney, vice president of business development for the chamber.

“The economic climate has not been helpful,” said Commerce Bank President Bob Hammerschmidt, who was part of SBDC’s steering committee that helped raise $2.75 million from area businesses to encourage economic development in the area. “Being even halfway to the goal is significant.” Read more ...