Mar 26

The challenge of Economic Development is bigger than growth

The Bellingham Business Journal recently ran an interesting perspective on economic development. The article looks beyond the traditional, obvious steps of an economic developer to track what else or what additive steps are required these days…

  • Take a comprehensive approach integrating economic and community development.
  • Align talent, information systems and performance measurements to meet the requirements of the local situation.
  • Be customer oriented, and tailor activities to satisfy the unique needs of local entrepreneurs, and other enterprises.
  • Teach by packaging knowledge with best practices.
  • Learn by using assessment strategies to provide quality feedback on the strengths and weaknesses of services provided.
     

Mar 23

Why is rural community development is hard to do?

Beef Magazine recently posted a great article on why rural community development is hard to do. Here’s a high level look at their reasons…

  1. People don’t understand what community development is.
  2. Differences between rural and urban.
  3. Understanding community gate keepers.
  4. Change is not comfortable.
  5. Parochial attitudes.
  6. Lack of resources and capacity.
  7. Negative attitudes.
  8. Lack of participation across generations.
  9. Purpose of existence.
  10. Leadership capacity.

Mar 19

Economic Development in a Transforming Energy Economy

The IEDC reports in on economic development in a transforming energy economy. They looked at what’s happening in several states and tell us the lessons learned in their report…

What exactly the changing energy economy will look like is still an unknown. While some type of carbon pricing seems imminent, whether in the short or long term, it is unknown at this point what form it might take. various iterations of a carbon cap and trade system have been moving their way through the House and the Senate throughout the past year, yet little consensus has been achieved.

What is known Is that irrespective of outstanding questions surrounding a national cap and trade system, overall transitions in the energy economy are anticipated to hold significant implications for U.S industries, regions and the nation as a whole. It is clear that the energy-economy is already experiencing shifts, with an overall focus on moving towards a

low-carbon economy. The nine case studies presented in this report serve as a snapshot of the challenges and opportunities diverse states are facing throughout the nation as they navigate economic transformation and the movement towards a low-carbon economy. a host of challenges and opportunities stem from different geographies and assets. While the efforts and politics within each state vary, they all are beginning to utilize their specific assets to strengthen their economies and prepare for a transitioning energy market. Outlined below are the overall trends and lessons learned that have emerged from collectively examining the nine case studies.

 

  • Economic Development Must be Present at the Table and More Actively Engaged

  • Policies that Link Areas of Preparedness are of Critical Importance

  • Supply Chain Transitioning is a Growing Area for Economic Development

  • Lack of Access to the Grid and Other Connectivity and Storage Infrastructure

  • are Growing Impediments to Development

  • An Unclear Federal Policy Environment Inhibits Investment

  • States Must Capitalize on their Assets in order to Survive and Thrive in the

  • Low-Carbon Economy

  • An Innovation Friendly Economy is Essential

  • Recovery Act Dollars have Ignited Many State Activities in the Energy Efficiency

  • and Clean Energy Arenas

  • While Energy Efficiency has become a Growing Effort, there is Still Room to

  • Benefit from More

 

Mar 17

Business Spotlight: Dawson Drug and Gifts

Throw Back Tuesday (a rerun of an earlier Spotlight)…

We’re pleased to feature Dawson Drug and Gifts today. Check them out online or on Facebook!

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