The Secret to Workforce Attraction is Purpose and Fulfillment.
Earlier this year, my Uncle Tom passed away. I attended the funeral in the small Nebraska town and spent most of the time reflecting on how the town had changed and why people remained or left.
I remembered family gatherings and community dinners where the fire hall was so full of people that moving around was almost impossible. The events were loud and joyous. People were held together by a sense of community and purpose. But changed? Why were towns, like this one, across the country shrinking?
As I let these thoughts drift in...
Economic developers face an uphill battle to get site selectors and executives to visit their community and tour available properties. With site selectors scouting locations throughout the country, and potentially the world, it can take months or years of concerted efforts to arrange for a FAM tour. VR technology is solving this problem by making it possible for site selectors and executive to visit communities in the virtual world. Minnesota-based communication firm Golden Shovel recognized the potential for virtual-reality to bridge the gap and make these connections possible. In 2017, the firm launched a new service, PlaceVR, making it possible...
Building a framework in five steps that you won’t snore over.
Every economic development director has created or discussed a strategic planning document. This process is critical to building a successful plan. And, getting started doesn’t need to be a formidable process that is overwhelming--start small and build on the success of each stage.
Your organization's strategy should start with five basic components: purpose and goals, advantage, target, marketing, and lastly, niche. These components, if built correctly, can provide a solid framework for use in grant writing, business attraction and workforce campaigns as well as internal stakeholder communication.
Purpose and Goals
Why does a...
What does it mean and what a community can do to attract investments?
Save the date for January 17th, for an indepth look at becoming investment ready in your community during our expert webinar. Register here.
While the idea behind Opportunity Zones has been in the works for over 10 years, it was the passage of the 2017 Tax Cuts and Jobs Act that finally brought them into being. Congress’ main goal for establishing Opportunity Zones, is to support investments in low-income neighborhoods by letting individuals and corporations capture unrealized capital gains through long-term investments in designated census tracts.
In return, private investors...