Economic Development InsightsThe Ady Advantage: Strategy Matters

 

AS I SEE IT: Risk Mitigation – Implications for EDOs

One of the three big megatrends in economic development is, simply, risk mitigation. While this trend itself is not new – my dad, renown site selector Bob Ady – first started talking about it years ago. What has changed, though, are the implications for EDOs.In a nutshell, the prudent economic development professional has to be […]

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AS I SEE IT: What Have You Done for Me Lately?

Business retention and expansion (BRE) has an image problem. I’ve been told it can be hard to fire up your Board with (yawn) more BRE successes. Five jobs here, ten jobs there. While that’s all good and fine, they say, where is the NEW company that you are going to bring here?Such is the dilemma […]

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AS I SEE IT: Megatrends in Site Selection

The more things change, the more they stay the same, or so the saying goes. I like to step back every couple of years to look at the site selection process – what’s changed, and what hasn’t. In this 2015 Trends update, the thing that HASN’T changed is that it is still basically a process […]

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AS I SEE IT: Critical Components for New Regions

By Janet Ady, President/CEO Ady AdvantageYou’ve heard me talk about the increasingly important role of regional groups in economic development. I’ve had the pleasure of working with quite a few regions and their leadership during their formative and early years. I recently interviewed five leaders who have been through the experience of starting up (or repositioning) […]

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AS I SEE IT: New Twists on Talent

The populations and labor forces of most communities, regions, and states are not growing as quickly as they would like, nor necessarily with the types of skills that will serve their areas best in the future.  And the attention on this topic is fully warranted.  Availability and quality of workforce is always at the top […]

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Site Selection Trends that Make a Difference

With the economy picking up, and companies, EDOs and site selectors busier than we’ve been in years, what can we learn by taking a short breather and reflecting on what’s different this time around?At Ady Advantage, we’re preparing for the Build Northeast conference, taking place in Worcester, MA on September 7-9 where we will be […]

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AS I SEE IT: Finding Your “Silver Bullet” Strategy for Rural Economic Development

Recently, I spent an invigorating couple of days with the National Rural Economic Development Association.  Rural economic developers face challenges unique from those of their metropolitan area counterparts, not the least of which is small and often declining populations.  The conventional wisdom is that large and growing populations are the basic building blocks of economic prosperity. […]

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AS I SEE IT: Competitors of Manufacturers Are Not Always What They Seem

A couple of weeks ago, I spent nearly a week evaluating a five-county rural region exploring becoming a more formal regional entity. One of the unifying assets that all these communities had was a transcontinental interstate highway connecting them all.And attracting new distribution centers was on the radar.I pulled one of the leaders aside, and said […]

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2014 National Rural Economic Developers Association Conference

Rural economic development professionals truly have a different row to hoe than their metropolitan ED colleagues. What works in larger cities doesn’t usually directly translate into strategies that work in smaller, rural communities. And we all know some of the specific challenges that rural communities have, starting with low population, and often including low or even negative […]

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AS I SEE IT: The Employer Piece of the Talent Puzzle

EDOs and higher education institutions have both exhibited creativity and perseverance in trying to address the skills gap and the broader talent attraction and retention issue.  Earlier Ady blogs have talked about what parents and even middle schools are doing. This blog is about what the best employers are doing to attract and retain talent.According to a […]

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