Development Centre of East-Iceland
Midvangur 2 - 700 Egilsstaðir - ICELAND
Tel. (354) 471 2545 • Fax (354) 471 2089
E-mail: Þetta netfang er varið fyrir ruslrafpósti, þú þarft að hafa Javascript virkt til að skoða það
ID no.: 560683-0309

The Development Association of East Iceland is an organisation of businesses, community governments, institutions and trade unions in the area. Operating funds are provided by these supporters and the national government. Working on many fronts, the Development Association aims for success in cultivating business and society throughout the rural populace, guided by initiative, professional tactics and thorough cooperation with all those who have an interest in the economic and social development of Iceland. 

Staff and office
In addition to five employees in permanent positions, temporary staff are hired for individual projects as the need arises. The office of the Development Association is located at Egilsstaðir.  

Cooperation and links
The Development Association, along with seven other regional offices, is party to a network involving the Development Department at Sauðárkrókur, which belongs to the state Institute of Regional Development. In addition to contracts that such regional offices arrange with the institute, the Development Association of East Iceland cooperates formally with the following bodies: Regional Association of Local Authorities in Eastern Iceland, Fjárfestingafélag Austurlands (a venture capital fund), Eignarhaldsfélag Austurlands (an investment company), Business Development Fund of the East, National Bank of Iceland Ltd, Educational Network of East Iceland, East Iceland Tourist Board, East Iceland Marketing, Southeast Iceland Marketing Council and Hornafjörður Research and Innovation Centre. The Development Association maintains close contact with economic life in the East, since members of the Development Association include a great many companies there and in fact most of the region’s leading businesses in each field. Generally officers of the association and the groups it has partnerships with, such as the venture capital fund and Investment Company of the East, are key parties at leading firms in various trades.  

Activities
Operations of the Development Association divide into three fields: policy formulation, population development and the advancement of employment. In matters of furthering employment, manifold projects support innovation and growth in business. Assignments in population development are connected with motivating East Icelandic society and competitiveness, while the policy branch is responsible for running the office, shaping new tasks and coordinating the overall work of development.