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Economic development is an
extremely complicated enterprise. Yet, the principle relative to success
is very simple:
"Increase the number of contributory jobs which pay a wage higher than the area
average."
As a result, more money flows into the area, the economy grows in size and
quality, and the overall standard of living for the people who live and work in
the area improves.
The Flow of Dough
In your local
economy.
For info, click here. |
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The following are of interest to many
economic development organizations:
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Community Business
Incentives Survey
(PDF)
More than 10% of the
counties in the country reported the incentives they offer on a local basis.
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Flow
of Money and Its Impact Upon Local Economies.
(PDF)
Written for the National
Association of Office and Industrial Properties (NAIOP), the paper describes
how a local economy works and the relationship between population growth and
the strength of a local economy.
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IEDC Data Standards
(Excel)
The International Economic Development Council, in cooperation with corporate
site selectors, has created "standards" for which communities should attempt
to achieve regarding "data" for their community. The download is an
Excel spreadsheet containing the standards.
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Economic Impact of Reaching Physical
Build-out Upon Pinellas County, Florida. (PDF)
This Florida county of almost a million people will begin to decline economically shortly after consuming
its Greenfield industrial land unless it begins an aggressive economic
redevelopment program.
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Adobe Reader, click the icon for a free download. |
However, the process of doing
this is very difficult and requires an aggressive commitment from community and
government leaders, along with significant financial support.
POLICOM's studies help to simplify this task by providing understandable, yet
sophisticated data relative to the local economy, upon which the community can
plan and enact a successful program.
Presentations to the community demonstrate the need for the program and motivate
business and government leaders to make the political and financial commitment
to succeed.
Since 1996, POLICOM has
created more than 150 studies for community and state associations and its
President, William H. Fruth, has delivered presentations in 30 states.
POLICOM provides a series of core studies which produces a "road map"
leading to
success for a community.
1) Determine the level of your
economy - Historical, Comparative
Economic Analysis
2) Project where it is heading and where it can go - Goal Setting Study
3) Identify those industries
which will likely satisfy the Goal -
Target Industry Study
4) Create a plan to recruit and
retain the Target Industries - Plan
of Action
5) Verify annually if you met
the goal - Performance Evaluation
Click
POLICOM Studies
for a PDF Version of a detailed description of POLICOM's Studies and
Presentations.
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