Economic Development InsightsThe Ady Advantage: Strategy Matters

 

The New Face of Very Targeted Talented Attraction and Business Recruitment

If labor were your biggest operating expense (which it is for many companies, and which it is for virtually all software start-ups), getting someone to pay 80% of those costs for you would be pretty attractive, wouldn’t it? That’s what the Canadian government is offering tech start-ups cash rebate incentives that cover a large percentage […]

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AS I SEE IT: It’s Not Too Good To Be True

By Janet Ady, President/CEO Ady VoltedgeI have always been taught that if it seems too good to be true, it probably is. But what would you say if I told you that I had a secret to economic development that provides the following benefits:It can account for up to 95% of jobs and investment can come […]

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AS I SEE IT: Food and Economic Development

One of the interesting stealth trends in economic development is the preponderance of food processing among target industries, especially on the regional or state level. (There also seems to be a preponderance of “foodies” among the E.D. pros, although that may just be a happy coincidence. You know who you are.)In one state in which […]

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AS I SEE IT: Talent Challenges = Talent Opportunities

Everywhere you turn, it seems, we’re being told about the lack of talent. (See my earlier blog about the cause of this: Is it a skills gap or a wage gap?). As economic developers and companies, however, we like to do something about it.Advanced Technology Services, Inc. is what I would describe as a specialized […]

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Study Reveals Striking Shifts in Global Manufacturing Costs over the Past Decade

From The Boston Consulting GroupBCG’s new global manufacturing study was just released. The bottom line was that everything we knew about global cost structures for manufacturing has changed over the past ten years. Mexico and the US are increasing in competitiveness and some of the recent high-fliers like Brazil and China are in decreasing in competitiveness.  […]

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AS I SEE IT: What does Prairie Home Companion have to do with ED?

One of the long-running programs on public radio is Garrison Keillor’s “Prairie Home Companion,” which recounts the day to day activities in fictional   Lake Wobegon. Lake Wobegon is memorably described as a place “where all the women are strong, all the men are good-looking, and all the children are above average.”Now what does “Prairie […]

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AS I SEE IT: Empty Downtown Office Space? Three Things You Can Do Now

I got a call recently from an economic developer looking to “accelerate” their business recruitment efforts. I asked him a few questions about the size of his community (a little over 20,000 people), the available property (a couple of office buildings downtown), and the available workforce (a large IBM customer service is within commuting distance […]

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AS I SEE IT: The Differentiator of Tomorrow

Perhaps you missed the story of Kimball International announcing that it is planning to participate in the State of Indiana’s “shovel ready” program for a 130-acre parcel that it wished to have developed.Here’s the piece that many may have overlooked: Indiana currently has approximately 100 shovel-ready sites.Economic developers, the clue train is passing every day. The […]

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AS I SEE IT: If you have THIS one skill as an ED practitioner, you will always be in high demand

One of the themes this year was that there are traditionally three legs to the economic development stool – business recruitment is just one of them. Business retention/expansion and business start-up are the other two, and for most EDOs, a combination of two or three of these are appropriate.This is a good time to remember […]

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AS I SEE IT: Is it a skills gap or a wage gap?

We’ve all heard it and seen it firsthand among the manufacturing companies we talk to. A remarkable lack of welders. Employees who can’t read an engineering drawing. Employees who don’t show up to work or can’t pass a drug test. And then the counterpoint: that it’s not a skills gap, it’s a wage gap.Back to […]

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