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Economic Development Journal - Fall 2013

The Coming Era of Sustainability: Directives for Competitive Communities
by Don Schjeldahl
Sustainability is on the cusp of becoming the new normal for successful business organizations and for economic developers. Economic developers can expect to see site selectors requiring that sustainability be part of the community value proposition with increasing frequency.
Tags: Business Attraction and Marketing, Sustainability

Building Capacity, Strengthening Talent for Florida's Global Trade & Logistics Industry
by Andra Cornelius, CEcD; Debbie McMullian; and Alyssa Brown
Florida has long been a significant trade gateway between the United States, Latin America, and the Caribbean. Workforce Florida – the state’s business-led workforce strategy and policy board – has launched a major Global Trade Initiative to strengthen the state’s global trade and logistics workforce.
Tags: Workforce, Business Retention and Expansion

Attracting Foreign Direct Investment through "Soft-Landings" Initiatives Global Perspectives and Best Practices
by Perry B. Newman
In the quest to attract foreign direct investment to their communities, economic developers are reaching out not only to larger, established global companies, but to early-stage companies seeking a toehold in a foreign market. Through targeted and tailored service offerings, communities can offer these smaller investors a “soft landing” in the market.
Tags: Incentives, Entrepreneurship and Small Business Development

Mindsets that Build Bridges across Cultures and Champion Latino Small Businesses
by Dr. Diana Morelli-Klima
The Latino Business Retention and Expansion Program, established by the Economic Development Association of Skagit County (WA), provides support to Latino entrepreneurs and business owners. This article discusses unique challenges these entrepreneurs face, describes strategies to overcome these challenges, and provides a personal perspective on mindsets that can build bridges across cultures.
Tags: Entrepreneurship and Small Business Development, International

The Future of Economic Development Subsidies: More Transparent, Location-Efficient, and Risk-Averse
by Greg LeRoy
Public officials are under relentless pressure to create and retain jobs because the number of deals for which states and cities can compete has been depressed since well before the Great Recession. But with high demand and short supply, a small number of very costly “megadeals” are receiving enormous but risky subsidies. This article argues for three alternative strategies to make more effective use of incentives.
Tags: Incentives, Analysis and Impacts, Economic Recovery

Rebuilding the Local Food System: A Local and Regional Economic Development Strategy
by Larry Fisher
The Appalachian Center for Economic Networks (ACEnet) has been involved with rebuilding the local food economy in and around Athens, Ohio, for the past 20 years. ACEnet identifies four key components for ensuring success in food related incubation: provide effective training and technical assistance, plan and develop business incubation infrastructure, assist clients in accessing capital, and build capacity.
Tags: Rural Development, Sustainability

» Entire Fall 2013 issue