Government Agency ED Organizations. Government Agency Development Organizations Component or complete agencies in the local government. Typical in medium to larger cities, but due to their high costs and staffing requirements, not usually seen in smaller cities.
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Economic Analysis and Planning
Marketing and Finance
Human and Community Resources
--Education and Training
--Local Government Coordination
Authority: The legitimate power to act on behalf of the local government, community, and other groups.
Resources: Staff, financial access, technical assistance, information, power, and connections required by various programs and other economic development efforts.
1) Research: To identify and provide background information on an area’s needs.
2) Information provision: To provide information to existing businesses, prospective businesses, local leaders, etc. on opportunities for and obstacles to local economic development efforts.
3) Marketing: Information customized for local economic development strategies.
4) Coordination: Bringing together various groups to plan and implement local economic development efforts.
1) These activities might actually make sense (‘perfect market’)
2) Studies show that tax incentives and ED packages have little impact upon decisions of firms to (re)locate
3a) Helps the economic developer to sustain their budget line and keep their job; important for the agency and the practitioner to appear active
3b) Helps build connections across the public-private divide
4) Economic developers are often not trained technicians oriented towards rational planning activities; they come from all professional backgrounds
The “Rational Model” of Economic Development Practice
Process: Problem defined, facts are gathered, alternatives are analyzed, goals are chosen, courses are of action are selected, programs are implemented, and results are analyzed.
Typical Activities: Studies of local industrial mix, Review of tax and land use policies, Project feasibility analyses, Land use planning, Capital facility planning, Budgeting
Typical Products: Quantitative reports outlining strategic opportunities, Recommendations for economic development strategies
The “Marketing Model” of Economic Development Practice
Process: Inform businesspeople, firms, investors, and visitors of the local opportunities. Persuade these people to invest in the area.
Typical Activities: Visits to existing firms, Speeches, Meetings with politicians, Calls to relocating firms, Public Relations, Trade shows, “Networking”
Typical Products: Brochures, Presentation materials for meetings, Advertising materials
1) What elements were included in the item you reviewed?
2) What organization prepared the item you reviewed?
3) What appear to be the purposes for the item? --Who was it prepared for? (target audience(s)) --What information is provided in the items? --Any sense as to how it was distributed?4) How would you characterize the presentation of the materials? (Very Attractive-High Quality vs. Unattractive-Low Quality) Why?
5) How would you characterize the quality of the data or information presented in the materials? (Detailed-High Quality/Very General-Low Quality)? Why?
6) Overall, what do these materials suggest about the organization that prepared it and the city for which it was prepared?