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Economic Development Strategies to build stronger communities
Experience the benefits of a tailored economic development plan.

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Research FDI client BRAED Battle River Alliance for Economic Development
Research FDI client County of Simcoe Economic Development Office
Research FDI client Global Affairs Canada
Research FDI client Invest Ottawa
Research FDI client New Zealand Trade And Enterprise
Research FDI client North Carolina Southeast Regional Economic Development Partnership
Research FDI client Ohio Southeast Economic Development
Research FDI client REDI Cincinnati
Research FDI Sipoo Sibbo
Research FDI client Switzerland Global Enterprise
Research FDI client Team Texas
Research FDI client Washington State Department of Commerce
What are Economic Development Strategy services

What are Economic Development Strategy Services?

Are you struggling to fulfill your community’s economic vision and take control of its future? Our Economic Development Strategy services are designed specifically for professionals like you, providing a comprehensive economic development plan to lead your community into a thriving, successful future. With a focus on attracting investments, fostering entrepreneurship, and creating sustainable job opportunities, our tailor-made strategies address your community’s unique needs and goals.

What are Economic Development Strategy services
Benefits and Value of Economic Development Strategy services

Benefits and Value of Economic Development Strategy services

With our Economic Development Strategy, you can confidently take control of your community’s future by:

  • Attracting new investments and fostering entrepreneurship for a thriving local economy.

  • Creating sustainable employment opportunities for residents.

  • Delivering tangible results that inspire trust and support from stakeholders.
  • Adapting to evolving economic conditions and seizing new opportunities for growth.
  • Becoming a recognized leader in driving economic development and creating a brighter, more prosperous future for your community.
How Our Solutions Work

How Our Solutions Work

Our cutting-edge Economic Development Strategy services are designed specifically for economic developers like yourself. This powerful, results-driven system combines in-depth research, expert analysis, and comprehensive planning to provide you with a tailor-made strategy that addresses your community’s unique needs, goals, and opportunities. With our services you’ll have access to:

  • A detailed analysis of your community’s economic landscape, identifying strengths, weaknesses, opportunities, and threats to growth.
  • A step-by-step action plan that outlines the most effective strategies and tactics for attracting investments, fostering entrepreneurship, and creating jobs.
  • Best practices and success stories from thriving communities to inspire and inform your efforts.
  • Ongoing support and guidance from our team of economic development experts, ensuring you stay on track and adapt to changing circumstances.
  • Performance metrics and evaluation tools to measure the impact of your efforts and demonstrate your success to stakeholders.
How Our Solutions Work

Types of Solutions Provided

Investment Attraction Strategy

Take control of your investment attraction with a strategy that identifies opportunities and leverages your competitive advantages.

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Economic Development Strategy

Take control of your economic future with a strategy that seizes opportunities.

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Sector Studies

Understand the latest sector trends, uncover opportunities, and identify your region’s sector specific competitive advantages down to the subsector.

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Market Studies

Understand the market dynamics and trends, the key sectors and regions to target, and the optimal companies to pursue based on your region’s value propositions.

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Value Proposition Development

Develop compelling value propositions that provide differentiation to effectively market your region to investors.

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Benchmarking

Know where you stand against your competition. Understand your regions competitive landscape and identify the competitive advantages that will enable your community to best attract investment and create jobs.

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FAQs

An economic development strategy is a comprehensive plan that outlines the specific steps and actions required to enhance a region’s economic growth, create jobs, and improve the overall quality of life for its residents. This strategy aims to leverage a community’s unique assets, identify opportunities for growth, and attract investment, all while addressing the challenges and obstacles that may hinder economic progress. By analyzing factors such as industry trends, workforce development, and infrastructure needs, an economic development strategy provides a roadmap to guide local governments, businesses, and stakeholders in fostering a thriving and sustainable economy.

An economic development strategy can have numerous benefits for a community, such as: job creation, increased revenue, improved quality of life, enhanced competitiveness, and sustainable growth. Overall, an economic development strategy provides a roadmap for a community’s economic growth and prosperity, creating a more vibrant and resilient community for both current and future residents.

Key components of an economic development strategy include:

  • Comprehensive understanding of place-based assets and location advantages
  • Identification and awareness of key economic assets and emerging economic opportunities based on existing assets and global trends
  • Economic vision development, consensus, and awareness
  • Targeting key economic sectors for growth, which helps direct economic development efforts in a strategic manner and allows limited resources to be used wisely

Successful economic development strategies can take various forms, including:

  • Leveraging and improving existing efforts: Analyze and update current programs to enhance their effectiveness and increase participation
  • Identifying and addressing gaps: Assess your region’s existing initiatives to pinpoint any areas that require new strategies
  • Establishing partnerships and rural hubs: Collaborate with other organizations and create regional hubs to foster economic growth
  • Utilizing Comprehensive Economic Development Strategies (CEDS): Implement the CEDS framework to promote regional prosperity and enable economic development by investing in new ideas, knowledge transfer, and infrastructure
  • Smart growth strategies: Encourage economic development in small towns and rural communities by identifying barriers to development and engaging the public in adopting master plans that protect resources and create walkable neighborhoods
  • Focusing on specific industries or technologies: Target industries such as drones, insurance, water technologies, or life sciences to create specialized hubs that attract investment and generate economic growth

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