ACCMA Summer Conference
Key strategies for successful economic development, including leveraging existing industry programs, setting attainable goals, and building strong teams. Learn how to navigate challenges and seize opportunities in economic growth.
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Presentation Transcript
ACCMA Summer Conference May 8, 2017 Economic Development Economic Development It s harder than it looks
The Basics Clichs There is no I in Team If You Don t Know Where You re Going, You ll Never get there When the Going Gets Tough the Tough Get Going Winners Never Quit and Quitters Never Win 85% of Life is Just Showing Up
80% of Life is Just Showing Up State and Regional Economic Development Organizations are critical Use your existing industry program to develop viable leads Be fiscally responsible and realistic with your EDA and the application of incentives Set objectives and goals that are attainable Trust your developer
There Is No I In Team Putting together your team Different Projects require different team members Economic Development is a process not an event Everyone has a role to play but there is always a quarterback Find the lesson in every project
If You Dont Know Where Youre Going, You ll Never get there Recruitment What do you want / What can you get Retention Existing Industry there is nothing more valuable to a community Renewal What does it mean Entrepreneurship? Innovation? Community Development?
If You Dont Know Where Youre Going, You ll Never Get There Infrastructure a fun word to say but a really difficult reality to achieve. Physical Human Financial Marketing
When the Going Gets Tough the Tough Get Going Economic Development is not an easy task: Location Labor Product Incentives Logistics Business Climate Quality of Life
Winners Never Quit and Quitters Never Win Projects are coming to fruition a faster rate than ever but it still takes patience and perseverance Take the long view of economic development and celebrate the wins Utilize incentives judicially and in a fiscally responsible manner - Sometimes it just doesn t make cent$
Questions? Thank You!
Contact Jim Searcy Economic Development Association of Alabama 2 North Jackson Street Suite 302 Montgomery, AL 36104 Office: (334) 676-2085 E-mail: jim@edaa.org Cell: (334) 303-7994
