Current Trends & Topics in Economic Development
Current Trends & Topics in Economic
Development
Jeffrey Finkle, CEcD President / CEO, IEDC
State of the Industry Survey
Every year IEDC does a national survey of economic developers
Year after year, despite challenges, practitioners remain positive about the outlook of economic development activity going forward
Key Message from 2014 survey:
Educating leadership about the critical role that EDOs play in the community is essential for sustainable economic growth
Economic Development Organization Funding Sources
3% 15%
19%
63%
Public Funds Private Funds Internally Generated
Other
Have you entered into partnerships or combined resources with other community stakeholder to enhance ED efforts?
11 %
Yes
No
89%
How have you altered your ED strategy in the past year?
Collaborating More on a Regional Basis 41%
Engaging in More Strategic Partnerships 40%
Concentrating More on Business Retention 41%
1
Engaging More in Entrepreneurship & Small Business Development 39%
Using Social Networking More as Mktg. & Comm. tool 29%
Concentrating More on Business Attraction 25%
Concentrating More on Enhancing Local Quality of Life 23%
Increasing Efforts to Attract Foreign Investment 19%
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