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Somerset Economic Development Corporation The Somerset Economic Development Corporation was incorporated in December 1999 as a 501c(3) organization. We have a seventeen member board of directors which includes local municipal officials, a county commissioner, a banker, a lawyer and representatives from the tourism, construction, manufacturing, forestry. and education sectors. We meet the last Friday of each month for the purpose of conducting our general business meeting and to discuss topics related to economic development issues in Somerset County. Somerset Economic Development Corporation commissioned a study during the winter of 2007 to update the economic development strategy for Somerset County of the economy of Somerset County. This strategy outlines four broad goals and fourteen priorities define our mission. They are briefly recounted as: Goal 1: Vibrant Economic Climate—To promote a strong economic climate that provides quality jobs for Somerset residents within a diverse mix of industries. Goal 2: Maximized Value of Natural Resources—To protect the aesthetic and environmental quality of the County’s natural resources while productively harvesting its bounty and making available plentiful tourist and recreational opportunities. Goal 3: Reliable Infrastructure—To develop and maintain a comprehensive infrastructure system that meets the needs of large and small businesses and individuals. Goal 4:  Strengthened Communities—To support communities where young and old alike aspire to improve themselves and their community, where educational and cultural opportunities abound and incomes provide the means for safe quality housing. Somerset Economic Development Corporation's underlying purpose is the implementation of our comprehensive economic strategy for Somerset County. This development strategy calls for improving the economic quality of life for all the residents of Somerset County, with particular attention to those in the population who are categorized as low and moderate income persons. We seek to expand the opportunities of all the residents of Somerset County through the collaborative partnering of our communities, businesses, educational institutions and involved residents. If you or your organization is interested in supporting our mission please view our contact page to learn how to reach us and join in the effort to improve the economy of Somerset County.

Thomas M Teague Biotech Center

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