Evaluate and Maximize Your Return on Incentives: Session on Jan 13

Evaluate and Maximize Your Return on Incentives

Date: Jan. 13, 2016 | 2:30 p.m. – 4 p.m. ET.
Price: $95 for IEDC members, $135 for nonmembers
Registration deadline: Jan. 13, 2016 | 11 a.m.

You know intuitively that incentives help you bring jobs to your community, but are you quantifying the impact of incentives? The 2015 Economic Development Research Partners’ (EDRP) report, “Seeding Growth: Maximizing the Return on Incentives,” found that to gain maximum value from incentives, economic developers must treat them as investments. To manage a portfolio of high-performing investments, economic developers need to monitor, measure and report on the return on investment (ROI) of individual incentives awards. Portfolio-level evaluation, meanwhile, can be used to design even better incentive programs.

Webinar participants will be welcomed by Michael G. Meek, Chair of our EDRP Task Force on ROI on Incentives. Dr. Ellen Harpel, Ph.D., will offer an easy-to-understand yet in-depth process of conducting economic and fiscal impact analysis. Then, webinar participants will hear from Brian Kroll, of the Virginia Economic Development Partnership, who will share not only how his organization evaluates state incentives but also how it helps local EDOs conduct ROI analysis, allowing them to make more productive investments that strengthen their economies.