Economic Development InsightsThe Ady Advantage: Strategy Matters

 

“Top States for Doing Business” – Perception vs. Reality

When does perception line up perfectly with reality? Rarely. Andy Shapiro, commenting on Area Development’s “top states for doing business”, wonders out loud if the top states aren’t just better marketers. Why? Because looking objectively at some of these state’s location criteria suggests they are not even in the Top 25 of states, at least […]

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In Economic Development, Searches Do Not Necessarily Start At The State Level

Bob Hess, executive managing director at NGKF and a founding member of the Site Selectors Guild, reaffirmed a trend identified earlier by Ady Voltedge: that searches no longer necessarily start at the state level. Bob says, “many of our clients look at clusters, eco-systems, or other spatial contexts like edge cities or urban core strategies.” […]

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Mid-America Economic Development Council Selects 2013 Bob Ady Scholarship Recipients

The Mid-America Economic Development Council board of directors recently selected the 2013 recipients for the first annual Bob Ady Scholarship Program. The scholarship program is named in memory of Bob Ady, a champion for economic development in the U.S. and especially the Midwest. The purpose of this scholarship program is to assist new economic development […]

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What Does Economic Development Marketing Share with Consumer Packaged Goods (CPG) Marketing?

All of us in economic development know that there are lots of differences between how “we” market and how consumer packaged goods (CPG) companies reach consumers.  A few big differences that come to mind:• It’s not that easy for us to create new “products” since we’re marketing a place, which itself does not change, although […]

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Shovel Ready Program Trend: Site Readiness is Now a Baseline Expectation

It’s a well-accepted fact in the ED world that statewide or utility-sponsored Shovel-Ready Site programs continues to grow. Driving this growth is the benefits to various parties in the economic development value chain – developers/property owners, EDOs, and the relocating companies (despite the lack of national standards).Here is another aspect to shovel-ready programs that is […]

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Talent: What are Companies Looking For?

Everybody is talking about talent. For good reason, now more than ever talent drives business decisions; and not just for “high-skill” or white collar jobs. The reality is almost all jobs these days are high skill, or require significant on-the-job training. But, there is more to talent than just labor availability and wages, a fact […]

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Utility’s Focus in Economic Development

Utilities have historically focused their economic development efforts primarily around issues of physical sites and buildings (products): site identification, site preparation, site marketing, facility reuse, etc. This makes sense, utility economic development groups are more directly linked to the end user than other stakeholders, and the physical site is the most direct link to that […]

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Mitigating Risk in Location Decisions

How do businesses make location investment decisions?It’s one of the primary themes that run through economic development conferences, panels, LinkedIn forums and events with site selectors.  The answer is of course: it depends.  It depends on the industry, the function and maturity of the company.  A location decision may be based almost solely on available talent, […]

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Primer on Shovel-Ready Sites

What is a “shovel-ready” site?  Why are they important?  How are they different from “certified sites” or “business ready” sites?  Is this just a fad, or are they here to stay?Shovel-ready sites are here to stay.  In fact, now more than half of the states have programs for shovel-ready sites, with Wyoming being the most […]

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Why and How to Host a Mock Site Visit

The site selection process is a process of elimination.  As an EDO, your job is to not get eliminated.  The site selector’s job is to eliminate communities until only the best alternatives for the given project remain.That means that if your region is invited to conduct a site visit with the corporation, you have one […]

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