This proactive approach has yielded significant benefits. Smith highlights these businesses’ positive influence. “We’ve only seen advantages to having them as part of our community,” he emphasizes, pointing to the council’s foresight as a reason for Monroe’s upgraded AA+ bond rating by S&P Global Ratings. “We have four dispensary centers that are great neighbors,” Smith says, adding that initial concerns about community impact have yet to materialize. Monroe also hosts one cultivation plant and one processing facility. STRENGTHENING COMMUNITY THROUGH STRATEGIC PARTNERSHIPS Monroe’s leaders recognize that the path to sustained growth lies in public and private collaboration. Mayor Funk highlights Monroe’s close relationship with its school district.“We have agreements with the school district related to economic development,” he says. This approach ensures the school system remains strong, bolstering goodwill and a unified vision. In return, Monroe has built a solid partnership that benefits the entire community. Smith points out that private partnerships are equally vital, citing their significant contributions to 140 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 12
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