The Economic Development Research Partners Program is an exclusive membership level of IEDC, which supports practice-oriented research. The publications developed under EDRP's guidance and sponsorship are designed to increase the knowledge base of the economic development profession and help practitioners navigate through today's rapidly changing economy. Through the EDRP program, IEDC excels at its mission everyday: to assist practitioners in successfully competing in the global economy, increasing prosperity for communities at an accelerated pace, and empowering economic development professionals to better define their vision and value.
Discover how AI is reshaping labor markets and what it means for economic development. This paper offers a balanced, evidence-based look at both the opportunities and challenges AI presents, equipping economic developers with practical strategies to support their communities. Gain the insights needed to navigate workforce shifts, drive innovation, and ensure long-term economic resilience.
Economic developers are now tasked with a wide array of responsibilities beyond their traditional roles. These new areas of focus include innovation, infrastructure development, housing affordability, childcare, grant writing, community peacemaking, solar energy, broadband deployment, and AI integration. This expansion of responsibilities represents a fundamental shift in the nature of the profession.
The report highlights how the economic development field has undergone significant transformation due to technological advancements and the rise of the knowledge economy. EDOs must now adopt more agile, collaborative, and strategic approaches to meet these new demands and effectively support their communities.
Given the rapid proliferation of AI, the report outlines critical elements of organizational AI readiness, including strategic alignment with data practices, resource allocation, and ethical use. The 'Leading and Managing Next-Level EDOs: Leveraging Technology' report examines the impacts of AI and AR on site selection, industry analysis, investment attraction, placemaking and tourism, workforce development and education, proposal writing, and smart infrastructure.
To help businesses with the ongoing labor shortage, many economic development organizations are pursuing strategies to expand the pool of workers. This report shows how EDOs are engaging in new programs, policies to strengthen its workforce