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๐—ง๐—ต๐—ฒ **๐—›๐—ฎ๐—ฟ๐—ฑ ๐—ฌ๐—ฎ๐—ฟ๐—ฑ๐˜€** ๐—ผ๐—ณ ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜

๐—ง๐—ต๐—ฒ **๐—›๐—ฎ๐—ฟ๐—ฑ ๐—ฌ๐—ฎ๐—ฟ๐—ฑ๐˜€** ๐—ผ๐—ณ ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜

Let's cut the fanfare. Economic Development is not a press release, its not a claim of a golden future in a manifesto or strategy. It's a job, on the ground, in a neighbourhood. In the UK, we've perfected the art of the launch eventโ€”the glossy, aspirational strategy,...

๐—ง๐—ต๐—ฒ ๐—ฃ๐—ผ๐—น๐—ถ๐˜๐—ถ๐—ฐ๐—ฎ๐—น ๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—œ๐—บ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ: ๐—š๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด ๐—ฌ๐—ผ๐˜‚๐—ฟ ‘๐—š๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—œ๐—ฑ๐—ฒ๐—ฎ’ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฃ๐—ฎ๐—ฝ๐—ฒ๐—ฟ ๐˜๐—ผ ๐—ฃ๐—ฎ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜

๐—ง๐—ต๐—ฒ ๐—ฃ๐—ผ๐—น๐—ถ๐˜๐—ถ๐—ฐ๐—ฎ๐—น ๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—œ๐—บ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ: ๐—š๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด ๐—ฌ๐—ผ๐˜‚๐—ฟ ‘๐—š๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—œ๐—ฑ๐—ฒ๐—ฎ’ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฃ๐—ฎ๐—ฝ๐—ฒ๐—ฟ ๐˜๐—ผ ๐—ฃ๐—ฎ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜

You have a brilliant economic development plan. You present it to the City Council, the Board, or the Regiona/State Committee, and it dies a slow, bureaucratic death. Why? Because getting the green light to proceed in economic development is a game of two halves: 1)...

๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—ฒ๐—ฟ’๐˜€ ๐—ฃ๐—น๐—ฎ๐˜†๐—ฏ๐—ผ๐—ผ๐—ธ: ๐™ข๐™–๐™ฃ๐™š๐™ค๐™ซ๐™š๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฌ๐™–๐™ฎ ๐™›๐™ง๐™ค๐™ข ๐™ฌ๐™๐™ž๐™ฉ๐™š ๐™š๐™ก๐™š๐™ฅ๐™๐™–๐™ฃ๐™ฉ ๐™˜๐™–๐™ฅ๐™ž๐™ฉ๐™–๐™ก ๐™ฅ๐™ง๐™ค๐™Ÿ๐™š๐™˜๐™ฉ๐™จ

๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—ฒ๐—ฟ’๐˜€ ๐—ฃ๐—น๐—ฎ๐˜†๐—ฏ๐—ผ๐—ผ๐—ธ: ๐™ข๐™–๐™ฃ๐™š๐™ค๐™ซ๐™š๐™ง๐™ž๐™ฃ๐™œ ๐™–๐™ฌ๐™–๐™ฎ ๐™›๐™ง๐™ค๐™ข ๐™ฌ๐™๐™ž๐™ฉ๐™š ๐™š๐™ก๐™š๐™ฅ๐™๐™–๐™ฃ๐™ฉ ๐™˜๐™–๐™ฅ๐™ž๐™ฉ๐™–๐™ก ๐™ฅ๐™ง๐™ค๐™Ÿ๐™š๐™˜๐™ฉ๐™จ

At Economic Development World, we like to think "what if" and how we'd respond professionally to a challenge. Here's our thoughts on this one - what would you do? ๐˜ ๐˜ฐ๐˜ถโ€™๐˜ท๐˜ฆ ๐˜ณ๐˜ถ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฏ๐˜ถ๐˜ฎ๐˜ฃ๐˜ฆ๐˜ณ๐˜ด. ๐˜›๐˜ฉ๐˜ข๐˜ต ยฃ๐Ÿค๐Ÿข๐Ÿข ๐˜ฎ๐˜ช๐˜ญ๐˜ญ๐˜ช๐˜ฐ๐˜ฏ ๐˜ด๐˜ช๐˜จ๐˜ฏ๐˜ข๐˜ต๐˜ถ๐˜ณ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ซ๐˜ฆ๐˜ค๐˜ตโ€”๐˜ต๐˜ฉ๐˜ฆ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฎ๐˜ข๐˜บ๐˜ฐ๐˜ณโ€™๐˜ด ๐˜ฏ๐˜ข๐˜ฎ๐˜ฆ...

Get your offer out in a language that business understands

Get your offer out in a language that business understands

๐——๐—ผ๐—ฒ๐˜€ "๐—ถ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป" ๐—ฟ๐—ฒ๐—ฎ๐—น๐—น๐˜† ๐—บ๐—ฒ๐—ฎ๐—ป ๐—บ๐˜‚๐—ฐ๐—ต ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ท๐—ผ๐—ฟ๐—ถ๐˜๐˜† ๐—ผ๐—ณ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€๐—ฒ๐˜€? ๐—ถ๐˜€ ๐—น๐—ฎ๐—ป๐—ด๐˜‚๐—ฎ๐—ด๐—ฒ ๐—ต๐—ผ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐—ฏ๐—ฎ๐—ฐ๐—ธ ๐—ฝ๐—ฟ๐—ผ๐—ด๐—ฟ๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฎ๐—ฟ๐—ฒ๐—ฎ? ๐Ÿš€ The word "innovation" can sometimes feel vague or lead to a narrow focus on R&D without a clear path to commercial success. What if we reframed the...

International Lessons From City Deals

International Lessons From City Deals

๐—ฅ๐—ฒ๐—ณ๐—น๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐—–๐—ถ๐˜๐˜† ๐——๐—ฒ๐—ฎ๐—น๐˜€ I was lucky to participate in a ๐—ฝ๐—ฎ๐—ป๐—ฒ๐—น ๐—ฑ๐—ถ๐˜€๐—ฐ๐˜‚๐˜€๐˜€๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐—ฐ๐—ถ๐˜๐˜† ๐—ฑ๐—ฒ๐—ฎ๐—น๐˜€ last week. Here are the key lessons from the UK and Australia on City Deals. It was a chance to reflect on the great report I wrote with Professor...

Best Practice Economic Development Organisations Don’t Just Implement Programs

Best Practice Economic Development Organisations Don’t Just Implement Programs

๐—•๐—ฒ๐˜€๐˜ ๐—ฃ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ฐ๐—ฒ ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ Organisations ๐™™๐™ค๐™ฃ'๐™ฉ ๐™Ÿ๐™ช๐™จ๐™ฉ ๐™ž๐™ข๐™ฅ๐™ก๐™š๐™ข๐™š๐™ฃ๐™ฉ ๐™ฅ๐™ง๐™ค๐™œ๐™ง๐™–๐™ข๐™จ. ๐˜›๐˜ฉ๐˜ฆ๐˜บ ๐˜ณ๐˜ฆ๐˜ฅ๐˜ฆ๐˜ง๐˜ช๐˜ฏ๐˜ฆ ๐˜ธ๐˜ฉ๐˜ข๐˜ต ๐˜ฐ๐˜ณ๐˜จ๐˜ข๐˜ฏ๐˜ช๐˜ด๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ฆ๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ญ๐˜ฐ๐˜ฐ๐˜ฌ๐˜ด ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ. Hereโ€™s the behaviours I've seen from ๐˜ฃ๐˜ฆ๐˜ด๐˜ต ๐˜ฑ๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ economic development organisations: ๐—–๐—น๐—ฒ๐—ฎ๐—ฟ ๐—ผ๐—ฏ๐—ท๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ด๐˜† ๐—ผ๐—ณ ๐—บ๐—ถ๐˜€๐˜€๐—ถ๐—ผ๐—ป:...

The Hidden Cost of Vague Objectives

The Hidden Cost of Vague Objectives

๐—ง๐—ต๐—ฒ๐—ฟ๐—ฒโ€™๐˜€ ๐—ฎ ๐—›๐—ถ๐—ฑ๐—ฑ๐—ฒ๐—ป ๐—–๐—ผ๐˜€๐˜ ๐—ผ๐—ณ ๐—ฉ๐—ฎ๐—ด๐˜‚๐—ฒ ๐—ข๐—ฏ๐—ท๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€.โฃ (and it will make or break your economic development initiatives)โฃ ๐˜ž๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ซ๐˜ฆ๐˜ค๐˜ต๐˜ด ๐˜ง๐˜ข๐˜ช๐˜ญ ๐˜ต๐˜ฐ ๐˜ฅ๐˜ฆ๐˜ญ๐˜ช๐˜ท๐˜ฆ๐˜ณ ๐˜ฆ๐˜น๐˜ฑ๐˜ฆ๐˜ค๐˜ต๐˜ฆ๐˜ฅ ๐˜ช๐˜ฎ๐˜ฑ๐˜ข๐˜ค๐˜ต, ๐˜ช๐˜ตโ€™๐˜ด ๐˜ข๐˜ฏ ๐˜ช๐˜ฏ๐˜ฅ๐˜ช๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ง ๐˜ข ๐˜ญ๐˜ข๐˜ค๐˜ฌ ๐˜ฐ๐˜ง ๐˜ค๐˜ญ๐˜ฆ๐˜ข๐˜ณ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ณ๐˜ฆ๐˜ญ๐˜ฆ๐˜ท๐˜ข๐˜ฏ๐˜ต ๐˜ฐ๐˜ฃ๐˜ซ๐˜ฆ๐˜ค๐˜ต๐˜ช๐˜ท๐˜ฆ๐˜ด.โฃ โ†’ Simply having a "mission statement" doesn't...

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