The Economic Development Advisory Board no longer exists. There is, however, a Florence Community Foundation.

The Florence Community Foundation mission is to enhance the quality of educational, cultural, civic and economic life in Florence, both today and in the future by: Enabling donors to fulfill their charitable interests, building a permanent endowment, facilitating prudent management and care of funds, and meeting community needs through grants, awards, and scholarships. We have started to plan for the future and will have annual grants to help with the here and now.