Economic Development Community Assessment

Organization

Efficiency in practices for economic development that include SOPs (Standard Operating Procedures), Articles of Incorporation, By-Laws, Org & Board Structure, RFI Response Reviews, Site Visit Protocols, BRE Practices, and much more. Does your community and economic development organization operate in a way that hinders success?

Funding

Is your community taking advantage of all the money it can to create success? Do you employ local incentives for attraction and other growth? This category reviews and scores budgets, sources and uses of funds, appropriate status, financial health, etc. There are so many opportunities out there and communities should be taking advantage of every single one!

Data

Data changes constantly. Can your community keep up? Where do you get current data and statistics? Do you utilize it for your benefit or leave it to chance? This category of scoring reviews job skills understanding, industry clusters, support services, educational opportunities, training and more.

Inventory

Your community inventory isn't limited to just sites and buildings (how well do you compete against the market on real estate btw?). This category looks at infrastructure health, utility capacities, quality of life, housing, and a full checklist of items necessary for modern economies to compete in the global marketplace.

Marketing

Communicating your value proposition to a global marketplace is critical to growth. The constant change in styles, methods, and implementation of artificial intelligence can either leave you behind or propel you forward. However, the fact remains that relationship building and networking are still fundamental to successful growth. How does your community capitalize through online platforms and in-person meetings? Do you have relationships with site selectors and ensure brand cohesion? This category will find the answers.