Economic Development InsightsThe Ady Advantage: Strategy Matters

 

As I See It | Seven Scintillating Insights

The Mid-America Economic Development Council just held its annual Competitiveness and Site Selector Conference in Chicago. This is always one of the highlights of the year, and if you weren’t able to attend, let me share with you the Seven Scintillating Insights from the Site Selectors in attendance:Corporate headquarters are always a cost loser.Business retention […]

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As I See It | Predictions for Economic Development in 2016

Last year at this time, I wrote about the three persistent trends in economic development – risk mitigation, regionalism, and increased competition within the ED organizations. Each of those had roots in the past, but showed some pronounced changes in how they were playing out. Looking back on this past year, these trends have proven […]

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As I See It | An Insider’s Thoughts on Attracting and Retaining Millennials in Your Community

 My name is Ashley Scray and I am the new research analyst at Ady Advantage…and I am a Millennial. Janet and I have had a lot of discussion about Millennials since I came on board and Janet asked that I write a guest blog with my “Millennial Thoughts”. This is obviously a hot topic right now, […]

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AS I SEE IT | The Future of “Company Towns”

 DuPont’s presence in Delaware has dwindled over the past 200 years. At one point, according to this excellent article by Scott Goss and Jeff Mordock from The News Journal and published in Delaware Online, a tenth of the state’s labor force worked for DuPont, and as recently as 1986, 26,600 employees worked there. Its employee […]

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Talent Strategies for Rural Economic Developers

Chicago is gaining 150,000 Big 10 graduates each June, according to Mayor Rahm Emanuel. How does a community of 5,000, 10,000 or even 25,000 compete with that? Well, the way rural communities have always competed: by being smart, nimble, and community-centered.About 40 miles north of Interstate 80 in far western Nebraska sit the twin cities […]

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Ten Things You Should Do as a New Rural Economic Development Director

One of the best things about my job is that I get to meet economic development professionals from all over the country, including many who are new to the industry. I mentor as many of these newcomers as I can, because I’m excited for the future they will help create. Truthfully, I learn just as […]

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AS I SEE IT | How will the changing needs of companies affect HQ relocation decisions?

There have been a number of recent high-profile headquarters announcements this year.Starting off the year, Mercedes Benz announced its headquarters would be moving from Montvale, New Jersey to the Atlanta suburbs in order to be “closer to our ever-growing Southeast customer base, our port in Brunswick, Ga., and our Alabama manufacturing facility, which accounts for […]

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As I See It | The Age of Convergence

Sometimes, it seems as if the pace of progress in economic development is glacially slow. But huge strides have actually been made over the past ten or twenty years. Where does your community or region currently stand? As a community or region, step back from the daily busy-ness for a moment and take a look at […]

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As I See It | The Key to Successful Entrepreneurship and Recruitment

If economic development strategies were a family, business retention and expansion (BRE) would be the hardworking, reliable, but largely unrecognized often overlooked sibling. BRE is not as dynamic and dreamy as entrepreneurship, and certainly not as shiny and intoxicating as business recruitment. But BRE plays a critical role in promoting both entrepreneurship and recruitment programs.How […]

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As I See It | Get Familiar With the Benefits of Fam Tours

‘Tis the season for familiarization, or “fam,” tours.  There’s a reason why these are so popular among communities, regions, and states of all sizes.  The best fam tours not only build relationships with site selectors and business decision makers – they can also help you learn a lot about your community.  It’s that second reason […]

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