MIDAS "Municipal Investment in Development to Achieve Success"
The MIDAS Program, valued at $52.4 million, is a list of past, present and future capital investment projects to enhance the quality of life for the residents and businesses in the City of Oroville. The core of the MIDAS Program stems from public, private partnerships that will lead to millions of dollars in investments in the City of Oroville. The MIDAS Program focuses on projects that will be completed or started within the next two fiscal years (2011-2013).
During this time of economic challenges, high unemployment rates and uncertainty, the City of Oroville recognizes the importance of its role in guiding the community toward stabilization and recovery. It is the job of the City of Oroville to take part in developing and implementing responsible strategies that help the local business community weather tough times and build a strong economic foundation for long-term prosperity and quality of life in Oroville.
In tune with the Council’s current economic priorities, the City’s Executive staff developed a strategy that focuses on business retention, intelligent self-investment and aggressive public private partnerships. City staff takes pride in fostering and maintaining strong relationships within our local community, providing customized business outreach and ombudsman services to meet the needs of our local businesses and encouraging entrepreneurial investment. However, in these economic times we need to be more aggressive to insure Oroville’s economy reaches its true potential.