Category: Economic Development
Look To Startups For Your Next Job Creation Wave
“New and young companies are the primary source of job creation in the American economy”. (Kauffman Foundation) The quote above may sound like a slight exaggeration, but it brings home an important point that represents a new trend. Though startups account for only 3% of overall employment in the US, they represent nearly 20% of […]Read more
Economic Growth and Job Creation: The Case for Clusters
The word “cluster” often comes up in the world of Economic Development in the context of promoting job creation and economic growth. A cluster is a group of firms, and related economic actors and institutions. They are located near one another and draw productive advantage from their mutual proximity and connections. Clusters enable a region […]Read more
How Attractive is Your Region to Prospective Companies?
Finding and attracting the prospects you seek requires access to accurate data, a thorough understanding of key trends and a realistic grasp of how your region is being evaluated by candidate companies. How does your region’s labor availability stack up? Up until recently, recruiting companies was the starting point for investment attraction, followed by working […]Read more
Heat Mapping – Moving Beyond The Obvious Targets
Effective targeting is critical to success in FDI Attraction. But, without precise targeting finding qualified prospects and winning projects is extremely challenging. Read on to learn how heat mapping can be used to find growing companies in your targeted industries and generate investment project wins!Read more
Company Growth Signals – What to be looking for and where to find them to enhance Investment Attraction
Economic Developers and Dealmakers are constantly in the hunt for growing companies. But what are the most important growth signals? And how do you find companies emitting these signals before it’s too late?
Read on to find the answers to these important questions!Read more
Artificial Intelligence and Economic Developers
Although AI isn’t a new concept, right now there’s a lot of buzz around the topic. Some pundits believe AI will have a bigger impact than the invention of the PC or even the spread of smartphones. Growth projections for AI revenues are staggering; it was $643.7 million in 2016 and its expected to reach $36.8 billion by 2025. But what exactly is AI? And more importantly, how can it help Economic Developers?Read more