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Economic Development Journal - Summer 2012

U.S. Manufacturing Decline and Economic Development Prospects: What States and Localities Can Do
by Robert D. Atkinson
Reviving manufacturing, and more broadly traded sector, competitiveness is a key task for local, state, and national economic development leaders. This article describes a number of steps states and regions can take, but unless the federal government institutes a strong national manufacturing strategy even the best of efforts by states and local governments will fall short.
Tags: Manufacturing, States

Keeping Hometown Businesses at Home: Using an Employee Ownership Plan for Business Continuity
by John H. Brown and Corey Rosen
As baby boomers start to retire, two to three times more closely held companies will be for sale than ever before. Employee stock ownership plans (ESOPs) can help both the communities in which they operate and the business owners who choose ESOPs as an exit path.
Tags: Business Retention and Expansion, Entrepreneurship and Small Business Development

The Forgotten Fifth?: Understanding and Supporting Your Community's Independent Workforce
by Erik R. Pages
This article examines the growing 1099 Economy and explains why economic developers should consider new approaches to supporting and nurturing local 1099ers. Suggested strategies include development of co-work spaces, enhanced networking programs, and targeted business start-up and development programming.
Tags: Entrepreneurship and Small Business Development

Going Global: Best Practices in International Business Development
by Birgit M. Klohs
Successful economic developers need a solid strategy for how, why, and where they can effectively build international business relationships. By developing a long-term strategy, executing short-term tactics that support the strategy, and avoiding the “potholes,” communities and economic development organizations can succeed globally.
Tags: International, Business Attraction and Marketing

Form-Based Codes: Economic Benefits of Place-Based Regulations
by Kaizer Rangwala, AICP, CEcD, CNU-A
Form-based codes (FBCs) are clear and predictable place-based development regulations and processes that can save significant time and money. Economic developers can offer FBCs as an incentive to attract new investments and produce great places by making “the good” easy to build.
Tags: Real Estate and Revitalization, Downtown, Quality of Life

Building a Community Brand: The Basics
by William C. Smith, D.B.A. and Robert Ingram, PCED
A community’s brand must be well managed. This article covers what is a brand from the customer’s point of view and what are the basic elements of building a brand: from who to target, with what message, the order of priorities, and a few keys to budgeting and measurement.
Tags: Business Attraction and Marketing

» Entire Summer 2012 issue