Economic Development Strategies & Solutions
Economic Development Plans and Strategies
Plan your work, then work your plan. A successful economic development strategy should serve as a community's roadmap for future success. A comprehensive economic development plan will help identify exactly where you are today, where you want to be tomorrow, what strengths and obstacles exist, and then draw the most efficient route for your community to grow into its vision. Economic development does not happen overnight and is not the result of one person; it requires a long-term approach and a concerted effort of cooperation between the local business community, residents, appointed board members, elected officials and a variety of other key stakeholders. Top-down solutions
rarely prove successful. Without public involvement and input, plans and strategies will likely sit on the shelf without being implemented.
We offer economic development strategic planning through a process that includes educating stakeholders on current economic development theory and practice, input and consensus building, commercial and retail market analysis, economic and demographic analysis, cluster analysis, SWOT identification, and future vision formulation based on feasible and realistic opportunities. This interaction leads to the development of specific goals and detailed action plans. The economic development strategies prepared typically build upon a comprehensive analysis of economic data, workforce knowledge, economic conditions, market opportunities and other economic characteristics that contribute to competitive advantages.