Econ Dev Show

Follow Econ Dev Show
Share on
Copy link to clipboard

We explore the strategies, ideas, and insights that are driving economic development forward into the future. You'll hear new insights from passionate ED's about their successes and struggles, and you'll learn from attraction and retention experts about how to apply actionable strategies inside your EDO. We'll help take your organization, your community, and your career to the next level.

Dane Carlson


    • May 5, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 29m AVG DURATION
    • 173 EPISODES


    Search for episodes from Econ Dev Show with a specific topic:

    Latest episodes from Econ Dev Show

    172: Pennsylvania's First Economic Strategy in 20 Years with Aaron Pitts

    Play Episode Listen Later May 5, 2025 22:16


    In this episode of the Econ Dev Show, host Dane Carlson speaks with Aaron Pitts, Chief Commercial Officer for Business PA, who shares how Pennsylvania is revitalizing its economic development approach under Governor Shapiro's administration. Aaron explains the creation of Business PA, a dedicated unit within the Department of Community and Economic Development focused exclusively on building and maintaining business relationships. He details Pennsylvania's strategic advantages as a founding state with major cities, rural areas, and world-class educational institutions like UPenn and Carnegie Mellon, while highlighting their focus on five key sectors: life sciences, manufacturing, energy, AI/tech, and business services. Listeners learn about Pennsylvania's impressive $500 million investment in site development, streamlined permitting processes that reduced business license waits from eight weeks to two days, and how Pittsburgh has emerged as a global AI leader with companies like Google, Nvidia, and Duolingo. Aaron also shares insights from his previous experience helping create JobsOhio and explains why leaving corporate America for economic development has been so personally fulfilling. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Ten Actionable Takeaways for Economic Developers Create dedicated units focused solely on business relationships within your economic development organization to ensure businesses receive specialized attention. Invest significantly in site readiness programs with dedicated funding to create shovel-ready locations that can immediately accommodate business relocations. Implement a concierge service for permitting to help businesses navigate regulatory processes more efficiently and combat negative perceptions about permitting complexity. Identify and focus on 4-5 key sectors where your region has competitive advantages rather than trying to be everything to everyone. Build regional partnerships with clear roles and responsibilities for business retention, expansion and attraction activities to present a unified front to prospective companies. Bring corporate experience into economic development leadership to better understand and speak the language of business executives. Develop a strategy that balances care for incumbent businesses while positioning your region to attract cutting-edge industries. Create a disciplined financial model to evaluate incentive offers that ensures both the business and the region benefit from each deal. Leverage educational institutions as key partners in workforce development and innovation to create distinct advantages in specific sectors. Foster an attitudinal shift within economic development organizations from reactive to proactive engagement with businesses to demonstrate that you genuinely care about their success. Special Guest: Aaron Pitts.

    171: Leading Virginia's Largest Economy with Victor Hoskins

    Play Episode Listen Later Apr 28, 2025 25:41


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Victor Hoskins, President and CEO of Fairfax County Economic Development Authority, who oversees Virginia's largest economy and leads a team that has secured approximately $3 billion in capital investment. Victor shares insights from his unique career spanning both public and private sectors, including his instrumental role in securing Amazon HQ2 during his time at Arlington Economic Development. With candid reflections on his education at MIT, experience in private equity, and passion for creating economic opportunity, Victor reveals his philosophy that has helped companies create over 38,000 jobs in Fairfax County – a place he describes as "where companies come to dent the universe." Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Victor Hoskins.

    170: The Art of Downtown Transformation in Birmingham with David Fleming

    Play Episode Listen Later Apr 21, 2025 30:14


    In this episode of the Econ Dev Show, host Dane Carlson speaks with David Fleming, president and CEO of Rev Birmingham, about transforming Birmingham from an industrial city into a thriving service economy centered around healthcare and education. Fleming discusses how his organization fosters downtown vibrancy by preserving historic character, supporting local businesses that "make the city cool," ensuring economic and racial diversity, and collaborating with various municipal authorities to create a downtown that attracts over 30 million annual visitors while maintaining its unique identity. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Focus on supporting local businesses that give your city a unique character and "make the city cool." Create incentives that help historic redevelopment while still allowing for new growth. Work in partnership with various city authorities (parking, transit, housing) to align development goals. Develop housing incentives that encourage economic diversity, not just luxury developments. Measure downtown success by evening vibrancy and residential activity, not just daytime business metrics. Recognize the importance of maintaining racial and economic diversity in downtown development plans. Position anchor institutions like healthcare and universities as catalysts for urban revitalization. Balance the needs of various stakeholders: residents, workers, and visitors. Create development tools that preserve local character while encouraging economic growth. Focus on making downtown a destination with diverse attractions that can draw millions of visitors annually. Special Guest: David Fleming.

    169: Reimagining Urban Industrial Spaces for Modern Manufacturing with Lindsay Greene

    Play Episode Listen Later Apr 14, 2025 35:12


    In this episode of the Econ Dev Show, Dane Carlson speaks with Lindsay Greene, CEO of the Brooklyn Navy Yard, about transforming industrial spaces for modern manufacturing. Greene shares insights on the challenges of changing perceptions about manufacturing careers, the importance of integrating workforce development with economic strategy, and her unusual career path from investment banking to grocery e-commerce before leading a major industrial development. The conversation explores how the Navy Yard creates accessible economic opportunities, the difficulties of attracting grocery stores to underserved areas, and Greene's passion for industrial policy as a driver of economic growth. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Ten Actionable Takeaways Consider integrating workforce development and economic development under one organizational structure to reduce friction and align goals. Modernize perceptions of manufacturing by highlighting how today's industrial jobs offer sustainable careers without requiring advanced degrees. Create flexible spaces like pop-up opportunities for businesses not ready to commit to permanent locations. Recognize the unique challenges of attracting grocery stores and develop targeted strategies for food access in underserved areas. Leverage social media (like Instagram) and accessible communication channels to connect with community members and businesses. Balance preservation of industrial/waterfront spaces with the need for evolution to meet modern economic needs. Build strategic partnerships that enhance both economic opportunity and quality of life for residents. Develop demonstration projects that showcase how traditional industries are transforming for the future. Consider how your personal and professional background, even if unconventional, brings valuable perspective to economic development work. Create open channels of communication between your executive team and the public to foster engagement and collaboration. Special Guest: Lindsay Greene.

    168: Reimagining Economic Transformation for Distressed Communities with Rohan Sandhu

    Play Episode Listen Later Apr 7, 2025 30:49


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Rohan Sandhu, co-founder of the Reimagining the Economy Project at Harvard Kennedy School, to examine the convergence of industrial policy, market crafting, and place-based economic development strategies. Drawing on his 15 years of experience at the intersection of research and practice, Sandhu discusses how traditional economic development approaches often fail distressed communities due to uncoordinated policies and limited local capacity. They explore how forward-looking economic transformation requires moving beyond reactive, transactional approaches to development and better aligning workforce systems with economic growth initiatives. Sandhu's insights from his work on projects like "Bottom-Up Bidenomics" and "The US Place-Based Policy Supply Chain" offer practical guidance for practitioners seeking to build more resilient local economies. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Ten Actionable Takeaways for Economic Developers Shift from reactive, crisis-driven economic development to forward-looking strategies with a clear vision for transformation. Focus on building local institutional capacity as a foundation for implementing any economic development initiative. Identify and address the coordination gaps between overlapping economic development policies at federal, state, and local levels. Recognize the limitations of matching fund requirements that often exclude the most distressed communities from accessing resources. Develop funding models for local intermediary organizations that support capacity-building, not just project implementation. Integrate workforce development explicitly into economic growth strategies rather than treating them as separate domains. Use data visualization tools like economyinplace.com to better understand local labor markets and policy flows in your region. Examine how industrial policy principles can be applied practically to support small and medium enterprises in your community. Identify opportunities for "productive upgrading" of service sectors that absorb local labor. Design economic development strategies that directly target persistent economic distress rather than focusing primarily on already-advantaged areas. Special Guest: Rohan Sandhu.

    167: Digital Marketing Strategies for EDOs with Alissa Sklar

    Play Episode Listen Later Mar 31, 2025 28:12


    In this episode of the Econ Dev Show, host Dane Carlson speaks with marketing consultant Alissa Sklar about effective digital strategies for economic development organizations. They discuss leveraging AI tools while maintaining an authentic voice, website management tips for small EDOs, content amplification through LinkedIn, and how to build partnerships with educational institutions. Alissa offers practical advice for economic developers wearing multiple hats, emphasizing how to maximize impact with limited resources and time. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways Use AI tools like ChatGPT to draft content, but always rewrite it to match your organization's voice and verify all information. Amplify LinkedIn posts by having your director and board members repost content with additional commentary to significantly increase reach. Define clear objectives for all marketing content (website visits, downloads, event attendance) before creation. Avoid using auto-translate features that might make your organization appear to have capabilities it doesn't. Partner with local universities or community colleges for mutually beneficial marketing projects. Repurpose and leverage the same content across different platforms to maximize efficiency. Develop a consistent hashtag strategy for your organization's social media posts. Focus website content on what visitors need rather than internal organizational structures. Build relationships with educational institutions to connect with future business leaders. For small EDOs, prioritize quality website content over trying to maintain presence on too many platforms. Special Guest: Alissa Sklar.

    166: Building Arkansas's Economic Future: Adapting to Changing Workforce Priorities with Clint O'Neal

    Play Episode Listen Later Mar 24, 2025 30:14


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Clint O'Neal, Executive Director of the Arkansas Economic Development Commission, to discuss the evolution of economic development over his 17-year career spanning both Missouri and Arkansas. O'Neal shares his path from junior high teacher to economic development leader, highlights successful foreign direct investment projects, and emphasizes the importance of customer service in working with businesses. He also offers perspective on how economic development is adapting to changing workforce priorities, with quality of life and community attractiveness becoming increasingly important factors as people choose where to live before finding employment. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! 10 Actionable Takeaways for Economic Developers Focus intensely on customer service when working with prospective businesses, as exceptional service can differentiate your location. Recognize that workers increasingly choose locations first and jobs second, making quality of life initiatives critical. Develop "risk-free" industrial sites that accelerate timelines and build company confidence in your location. Leverage data and AI tools to speed up information exchange with site selectors and businesses. Build strong relationships between economic development efforts and government leadership for coordinated responses. Create memorable experiences for visiting executives that showcase your region's unique advantages. Invest in outdoor recreation and quality of life amenities that make your community attractive to today's mobile workforce. Understand that economic development success often comes from coordinating multiple elements (tax policy, site readiness, incentives) simultaneously. Network with other economic development professionals to continuously learn and improve practices. Consider how shifts in business priorities (such as location flexibility) can be leveraged to benefit your community's recruitment efforts. Special Guest: Clint O'Neal.

    165: Leveraging Location and Infrastructure with Gus Garcia

    Play Episode Listen Later Mar 17, 2025 35:18


    In this episode of the Econ Dev Show, Dane Carlson welcomes Gus Garcia, the Director of Economic Development for the City of Arlington, Texas. Gus, a dual-certified economic developer with over 19 years of experience, shares his journey through various roles in both the public and private sectors. He emphasizes the importance of strategic planning, leveraging infrastructure, and fostering collaboration to achieve economic growth. Highlighting his work in Arlington and previous initiatives in cities like Edinburg and Duncanville, Gus provides listeners with a wealth of knowledge on implementing impactful economic development projects and aligning them with a city's long-term vision. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Adopt strategic planning to keep your economic development initiatives aligned with long-term community goals. Leverage your community's location and infrastructure to attract businesses and investments. Cultivate both public and private sector partnerships to drive comprehensive economic growth. Draw upon your previous experiences to create adaptable solutions in new roles. Engage with local educational institutions to foster an environment conducive to economic advancement. Encourage civic leadership and active community involvement in economic decision-making. Recognize the importance of family support and personal interests in maintaining professional balance. Utilize certifications and continuous learning to enhance your skills and credibility. Balance immediate economic needs with long-term transformation strategies. Treat every stakeholder with dignity and respect, adhering to the golden rule in all interactions. Gus' Recommended Book The First 90 Days: Proven Strategies for Getting Up to Speed Faster and Smarter, Updated and Expanded (http://www.amazon.com/dp/1422188612/?tag=econdevshow-20) - it sets the tone for an organization's direction. In Economic development, we have to have a plan and follow it. It is easy to get sidetracked in many different directions. Special Guest: Gus Garcia.

    164: Confronting Workforce Challenges in Wisconsin with Sadie Howell

    Play Episode Listen Later Mar 10, 2025 31:38


    In this episode of the Econ Dev Show, host Dane Carlson talks with Sadie Howell with Envision Greater Fond du Lac, a combined Chamber of Commerce and economic development organization in Wisconsin. Sadie shares insights about her region's economic landscape, including the surprising prevalence of small manufacturers and agricultural businesses that often goes unnoticed. They discuss the challenges of workforce development, the advantages of a combined chamber-economic development approach, and the importance of understanding local politics and stakeholder dynamics. As a long-time listener of the podcast before becoming a guest, Sadie offers valuable perspective on regional economic development strategies and the shared challenges that unite economic developers across different communities. Ten Actionable Takeaways for Economic Developers Study the layout of your community's stakeholders, including their biases and politics, to identify which challenges you can overcome and which you should work around. Recognize that most economic developers face similar challenges with boards, communities, and regional impacts - you're not alone. Leverage the complementary strengths of chamber of commerce and economic development functions when possible. Address workforce issues by coordinating efforts across regions rather than trying to solve everything at the local level. Challenge misconceptions about your region by actively showcasing lesser-known economic assets like small manufacturers. Connect local economic development priorities with state-level initiatives around talent attraction, childcare, and housing development. Network with other economic developers to validate your experiences and gather new approaches to common challenges. Consider how to tailor workforce programming specifically for chamber members while making entrepreneurship services broadly available. Identify early in your planning process which obstacles can be overcome and which need to be circumvented. Use podcasts and other learning resources to continuously build your economic development knowledge, especially in areas outside your expertise. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Sadie Howell.

    163: Understanding What Investors Really Want from Locations with Chris Knight of FT Locations

    Play Episode Listen Later Mar 3, 2025 30:37


    In this episode of the Econ Dev Show, Dane Carlson speaks with Chris Knight, Managing Director of FT Locations, about the nuances of investment promotion and economic development across different global regions. Chris introduces the newly rebranded FT Locations (known for products like Zoom Prospector, FDI Intelligence, and other Financial Times economic development tools) which officially launched on November 12th, 2024. He explains how the consolidated brand brings together several previously separate services under the Financial Times umbrella to better serve both economic developers and companies seeking investment locations worldwide. Chris draws from his extensive international experience to offer insights on effective investment attraction strategies and emphasizes the importance of understanding investor perspectives when promoting regional opportunities. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Consider how your digital presence appears from an investor's perspective rather than just telling your community's story. Recognize the value of consolidated data tools like those offered by FT Locations to enhance your investment attraction efforts. Look beyond administrative boundaries when developing regional strategies, as investors focus on market opportunities, not jurisdictional lines. Learn how international best practices in investment promotion can be adapted to your local context. Focus on understanding investor problems first before presenting your location as the solution. Use professional tools and databases to better understand your competitive position in the global marketplace. Distinguish between broader economic development goals and specific investment promotion activities. Collaborate with neighboring jurisdictions to present a unified labor market and value proposition to potential investors. Keep up with rebranding efforts of major tools and services in the industry to ensure you're accessing the full range of available resources. Connect directly with service providers like FT Locations (chris.knight@ft.com (mailto:chris.knight@ft.com)or via LinkedIn) to maximize the value of their tools for your community. Special Guest: Chris Knight.

    162: Mountain Town Meets Hurricane Helene with Spencer Bost

    Play Episode Listen Later Feb 24, 2025 29:31


    In this episode of the Econ Dev Show, Spencer Bost, Executive Director of Downtown Spruce Pine, takes us through the dramatic transformation of his organization following Hurricane Helene's devastation. From managing their annual blacksmith festival and facade grant programs in this mountain town of 2,000 residents, to suddenly facing eight-foot flood waters that destroyed businesses, including his own office, Bost reveals how the community responded to this natural disaster while maintaining their position as a crucial global source of high-purity quartz. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways: Develop flexible organizational structures that can pivot during crises Create emergency communication systems that work without power Maintain detailed documentation of pre-disaster conditions Build relationships with emergency management teams before disasters Plan for both small-scale events and large-scale disasters Keep important documents and equipment above potential flood levels Develop evacuation routes that consider topography Create crisis management plans that protect both people and assets Maintain relationships with regional and state economic development partners Balance immediate disaster response with long-term economic planning Spencer's Favorite Book: Sand County Almanac (http://www.amazon.com/dp/0345345053/?tag=econdevshow-20) by Aldo Leopold is my most influential book because it beautifully connects the dots between the natural world and the human experience, particularly in rural areas. As an outdoor lover, Leopold's deep respect for ecosystems inspires a sense of stewardship. From a rural economy standpoint, his philosophy of land ethic emphasizes the importance of sustainable practices that benefit both the environment and the communities that depend on it. It's a powerful reminder that conservation and economic development can coexist when rooted in a genuine appreciation for the land. Special Guest: Spencer Bost.

    161: Unlocking the Power of Tertiary Markets with Dr. Ronda Sauget

    Play Episode Listen Later Feb 17, 2025 35:00


    In this episode of the Econ Dev Show, Dr. Ronda Sauget, President and CEO of Coles Together, discusses the unique advantages of tertiary markets in economic development. She explores how smaller communities like Coles County, Illinois are attracting businesses through stable workforces, easier business processes, and strong infrastructure, while sharing her journey from the Federal Reserve to leading economic development in a thriving micropolitan area. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Ten Actionable Takeaways for Economic Developers Take fresh looks at existing assets - they might be more valuable than you think Focus on building complete ecosystems including housing, childcare, and healthcare Leverage your location's unique advantages in infrastructure and connectivity Develop strong workforce pipelines through youth apprenticeships Create strategic plans that align all community assets Build relationships with both large and small businesses Focus on quick turnaround times for business requests Highlight quality of life advantages for workforce attraction Develop strong public-private partnerships Invest in sustainable infrastructure like green energy for long-term growth Special Guest: Dr. Ronda Sauget.

    160: From Cowtown to Boomtown with Robert Sturns

    Play Episode Listen Later Feb 10, 2025 36:43


    In this episode of the Econ Dev Show, Robert Sturns, Director of Economic Development for Fort Worth, discusses how the city is transforming from "Cowtown to Boomtown" while preserving its authentic character. With over 25 years of experience in municipal government, commercial real estate, and banking operations, Sturns details Fort Worth's success in securing major investments, including recent wins with Bell and Embraer, while balancing business recruitment with community development initiatives like Evans & Rosedale and the Panther Island project. Sturns also discusses his journey in the profession, including his 20+ year career serving both Fort Worth and Arlington. He offers insights into managing regional relationships, particularly addressing the challenge of establishing Fort Worth's identity distinct from Dallas, while emphasizing the importance of teamwork and partnerships in economic development success. Actionable Takeaways for Economic Developers Balance large-scale development with community needs and cultural preservation Focus on building relationships before transactions in deal-making Leverage existing cultural assets (like the Stockyards) for economic growth Develop strategic plans for transformational projects like Panther Island Create mixed-use developments that honor local heritage while embracing progress Build strong partnerships with educational institutions for workforce development Maintain clear communication channels with stakeholders and the community Use existing success stories (like Bell and Embraer) to attract similar industries Implement creative financing solutions for major development projects Balance business retention efforts with new business recruitment strategies Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Robert Sturns.

    159: Breaking the Poverty Cycle with Mary Cacioppi

    Play Episode Listen Later Feb 3, 2025 29:58


    In this episode of the Econ Dev Show, Mary Cacioppi brings her 22 years of combined experience in community development, economic development, and poverty reduction to discuss her groundbreaking approach to economic development. As the founder/CEO of Bridges to Prosperity Northern Illinois and a national consultant for aha! Process, Mary explains how understanding the root causes of poverty and implementing strategic poverty reduction initiatives can transform communities and create sustainable economic growth across a five-county area. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Start using the term "attainable housing" instead of "affordable housing" to reduce stigma and increase acceptance Conduct a community risk assessment to identify key areas needing attention Evaluate your community's commitment to poverty reduction using the TRE Institute assessment tool Create systems for tracking and measuring the utilization of community services Build collaborative frameworks with other community organizations to avoid duplicate services Reframe poverty reduction conversations as "upward mobility" when working with elected officials Assess which community programs are underutilized and need better promotion Develop strategic plans that integrate poverty reduction with economic development Focus on creating system-wide changes rather than isolated programs Engage business community leaders in poverty reduction conversations Special Guest: Mary Cacioppi.

    158: From Volunteer to CEO with Jennifer Storm

    Play Episode Listen Later Jan 27, 2025 29:17


    In this episode of the Econ Dev Show, Dane Carlson talks with Jennifer Storm, CEO of the Buda Economic Development Corporation, who discusses her transition from association management and government relations to economic development leadership. Storm shares insights about managing a rapidly growing community that's 90% built out, the importance of team building, and how her background in various roles prepared her for leading economic development in one of Texas's fastest-growing corridors. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Focus on building and developing the right team for your organization Don't underestimate the value of volunteer experience in economic development Build strong relationships with regional economic development partners Plan strategically when dealing with limited developable land Stay connected with community stakeholders through regular communication Consider the impact of surrounding communities on your development strategy Leverage prior experience from other fields in economic development Be proactive in addressing space constraints in your community Maintain strong connections with your board and city leadership Focus on quality development when quantity is limited by space Special Guest: Jennifer Storm.

    157: An Optimistic Reimagining of the City with Coby Lefkowitz

    Play Episode Listen Later Jan 20, 2025 39:00


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Coby Lefkowitz, co-founder and partner at Backyard, a real estate development firm specializing in infill multifamily projects in walkable communities. Coby shares insights from his book "Building Optimism: Why Our World Looks the Way it Does, and How to Make it Better" and discusses how communities can evolve through better development practices, emphasizing the importance of context-specific solutions and the integration of mixed-use spaces in urban planning. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways Take tours of successful mixed-use developments to understand what works Avoid one-size-fits-all solutions; focus on context-specific development Consider integrating residential and commercial spaces in development plans Work on making communities more walkable and accessible Engage with smaller and medium-sized developers for more dynamic development Study successful pedestrian mall implementations and failures Focus on creating vibrant, integrated community spaces Understand local context before implementing development strategies Build relationships between economic developers and city officials Consider gradual implementation of mixed-use zoning reforms Special Guest: Coby Lefkowitz.

    156: The Art of Economic Development Fundraising with Clint Nessmith

    Play Episode Listen Later Jan 13, 2025 32:33


    In this episode of the Econ Dev Show, Clint Nessmith, CEO of Resource Development Group, reveals the niche world of economic development fundraising consulting. He explains how his firm exclusively works with economic development organizations and chambers of commerce across the country, particularly focusing on larger regional chambers in major markets. Nessmith shares insights about the fundraising process, the importance of market validation, and how proper fundraising can unite communities behind a shared vision. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways Consider hiring specialized fundraising consultants for major economic development campaigns Validate your fundraising goals through market research before launching campaigns Use fundraising processes to unite community stakeholders behind a shared vision Focus on creating comprehensive plans that address market-identified needs Don't hesitate to delay fundraising if market validation suggests you're not ready Leverage external expertise to add credibility to your fundraising efforts Stay informed about economic development funding trends through industry resources Build fundraising models that match your organization's size and scope Use fundraising campaigns as opportunities to strengthen community relationships Incorporate market feedback into your organizational messaging and planning Special Guest: Clint Nessmith.

    155: Building Cedar Park's Future with Arthur Jackson

    Play Episode Listen Later Jan 6, 2025 26:48


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Arthur Jackson, Chief Economic Development Officer for Cedar Park, Texas. Arthur shares his unexpected path into economic development following a layoff from a sales director position, leading to his role with the Austin Chamber and eventual leadership in Cedar Park. Through their conversation, Arthur reveals how his sales background enhances his economic development approach, emphasizing the importance of listening and resilience. He also showcases Cedar Park's impressive achievements as the safest and most affluent city in the Austin area, while discussing the delicate balance of regional cooperation and local development in the greater Austin metroplex. Cedar Park is undergoing a remarkable transformation. Under Arthur's leadership, this rapidly growing suburb of Austin is attracting innovative businesses that are transforming the tech, aerospace and clean energy industries including rocket tester Firefly, Hyliion, which provides clean, flexible and affordable electricity production., and Hanyang. Cedar Park offers space, affordability and access to talent while capitalizing on its proximity to Austin. The City is also attracting talent and providing enhanced livability to its residents by investing in itself. Cedar Park, which was incorporated about 50 years ago, has 80,000 residents and experienced 44.2% growth in the last population Census, but it never had a downtown or gathering place. The City's approach to community development was to bet on big-box retail, a minor league sports and event arena (HEB Center), hotels, and 31 miles of trails and parks, along with housing. This presented an opportunity to build a modern-day downtown with resident buy-in. Cedar Park is currently building its first downtown with the Bell District—a $750 million development anchored by a $31 million state-of-the-art public library that opened this November. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Arthur Jackson.

    154: Airports as Economic Engines with Alan Tio

    Play Episode Listen Later Dec 16, 2024 30:51


    In this episode, Alan Tio shares his journey from earning his Master's in Public Administration to his current role as VP of Business Development at South Bend International Airport. He discusses the unique challenges and opportunities of airport-based economic development, including managing hundreds of acres of developable land and creating partnerships to maximize the airport's potential as a community asset. Tio emphasizes the importance of long-term planning and viewing the airport as the "front door" to the community for business development. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways View airports as strategic community assets beyond just transportation hubs Focus on creating long-term partnerships rather than short-term wins Look for opportunities that others might not see in your community Use winter months for planning and preparation of development-ready sites Understand the importance of first impressions - your community's "front door" Develop comprehensive land use studies before marketing properties Build relationships with local and regional partners for aligned development Consider utilities and infrastructure needs early in the planning process Take time to understand regional priorities when planning development Focus on creating value for both companies and communities in partnerships Special Guest: Alan Tio.

    153: Sandy Dubay Created Her Own Path in Economic Development

    Play Episode Listen Later Dec 9, 2024 29:25


    In this episode of the Sandy Dubay opens up about her unexpected path from traditional economic development to entrepreneurship, sparked by a life-changing moment when she was pregnant with her first child and a friend's suggestion led her to establish her own consulting practice, which has now grown to a team of eight people over 22 years, while also discussing her passion for educating new economic developers through her her EDO Breakthrough Podcast. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Sandy Dubay.

    152: Economic Development in Mexico with Juan Pablo Alcantar

    Play Episode Listen Later Dec 2, 2024 30:32


    In this episode of the Econ Dev Show, host Dane Carlson talks with Juan Pablo Alcantar, the CEO of Economic Development for Tuxpan in Mexico. Juan shares his journey from being US-trained to making significant changes in economic development practices in his hometown. Faced with challenges like data accessibility and cash-based economies, he emphasizes the importance of implementing best practices and establishing rapport with stakeholders. Juan also recounts his interactions with significant institutions like the North American Development Bank and moments of insight during meetings at the White House Business Council. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways: Building relationships with stakeholders is crucial for gaining support. Ensure continuous training to incorporate international best practices. Transitioning from a cash-based to a digital economy can improve data accessibility. Tailor economic development strategies to local contexts despite international insights. An effective investment attraction requires a dedicated website distinct from government portals. Use data analytics to support entrepreneurship and economic risk management. Present clear and current data to stakeholders to foster informed decision-making. Engage with global economic bodies and networks to gain valuable perspectives. Adapt international concepts to fit local economic and cultural environments. Encourage innovation even in the face of local opposition to new practices. Special Guest: Juan Pablo Alcantar.

    151: Economic Development Scorecards Simplified with Kathleen Rose

    Play Episode Listen Later Nov 25, 2024 26:18


    In this episode of the Econ Dev Show, Kathleen Rose, drawing from her 30-year experience and family background in development, discusses the evolution of economic development planning from lengthy reports to actionable scorecards. She emphasizes the importance of practical implementation over extensive planning, sharing how her firm helps communities move from aspirational ideas to concrete actions through data-driven approaches and efficient resource allocation. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! 10 Actionable Takeaways for Economic Developers: Replace lengthy reports with concise, data-driven scorecards to track progress Focus on implementation strategies rather than just creating plans Build stronger partnerships with the private sector for effective execution Use scorecards with 90 data points to guide decision-making Consider cost-effective snapshot assessments before investing in expensive plans Create practical "recipe books" for implementing strategic plans Align economic development goals with existing comprehensive land use plans Prioritize action-oriented documents over aspirational planning Update and track progress regularly using measurable data points Focus resources on specific annual priorities rather than trying to do everything at once Special Guest: Kathleen Rose.

    150: Rethinking Highway Corridors with Dan Eernissee

    Play Episode Listen Later Nov 18, 2024 46:15


    In this episode of the Econ Dev Show, host Dane Carlson speaks with Dan Eernissee, Economic Development Director for the City of Everett, Washington. Leading economic development efforts in this dynamic city of 115,000 residents north of Seattle, Dan reveals how his unique blend of private sector experience and public service shapes his approach to community development. From attracting cutting-edge technology companies to reimagining traditional retail spaces, Dan shares practical insights on how economic developers can transform their communities while maintaining their distinct character and creating new opportunities for residents. Dan also talks about reimagining highway corridors as valuable community assets rather than eyesores. Through his unique perspective, Dan explains how these often-overlooked areas can become dynamic mixed-use spaces that provide essential services, housing opportunities, and quality jobs while maintaining their crucial role in transportation infrastructure. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers: Consider highway corridors as opportunities for mixed-use development rather than just retail spaces Utilize planned actions to streamline development processes and attract investors Look for opportunities to convert underperforming retail spaces into multifamily housing Focus on creating higher-paying jobs through industrial and manufacturing development along corridors Embrace the existing infrastructure and traffic capacity of highway corridors for development Balance the need for pedestrian-friendly spaces with the practical reality of highway commerce Consider how online shopping trends affect corridor development opportunities Look for ways to integrate housing solutions into existing commercial corridors Leverage existing utility infrastructure along corridors for new development Focus on creating true mixed-use environments that serve multiple community needs Special Guest: Dan Eernissee.

    149: Mastering Community Events and Economic Growth with Lynn Fuhler

    Play Episode Listen Later Nov 11, 2024 28:18


    In this episode of the Econ Dev Show, tourism expert Lynn Fuhler, former tourism director of Clearwater and Clearwater Beach area and author of two books on festival management, discusses the intricacies of organizing successful events and festivals. She shares her experience as the former chairman of the Clearwater Jazz Holiday, insights on community revitalization through arts and tourism, and emphasizes the importance of proper event planning, including post-event evaluation and the four key elements necessary for tourism development. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Focus on sustainable tourism initiatives rather than just chasing big industrial projects Ensure four key elements are in place: government support, infrastructure, community support, and proper planning Use events and festivals as consistent economic drivers rather than relying solely on large, unstable employers Implement thorough post-event evaluation processes to continuously improve Build strong volunteer networks and management systems for community events Create infrastructure that serves multiple purposes (like transportation routes that benefit both tourism and industry) Recognize the role of arts communities in revitalizing declining areas Document processes and maintain organized records for event planning continuity Consider tourism as a reliable employer for entry-level and service industry workers Foster collaboration between government, business, and community stakeholders for successful tourism initiatives Special Guest: Lynn Fuhler.

    148: High-Touch Economic Development in Indiana with Brock Herr

    Play Episode Listen Later Nov 4, 2024 30:38


    In this episode of the Econ Dev Show, Dane Carlson talks with Brock Herr, Senior Vice President for Business Development at the Indiana Economic Development Corporation. They discuss the evolution of economic development beyond simple land sales. He details Indiana's comprehensive approach to business development, including sales enablement, lead generation, site selection, and ongoing business support. Herr emphasizes the importance of high-touch engagement and walking businesses through each step of their journey, highlighting how modern economic development requires a full-experience approach to ensure long-term success. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Ten Actionable Insights for Economic Developers Develop a high-touch, full-experience model for business engagement Focus beyond just selling land - create comprehensive support systems Build strong introduction networks for new businesses Maintain detailed knowledge of available sites and inventory Create strategic approaches for modern site selection needs Implement business retention and expansion programs Develop clear online resources while maintaining personal connections Focus on long-term business success rather than just initial attraction Create systems to support projects of all sizes, not just large ones Establish clear communication channels for business support needs Five Notable Quotes "Economic development is not an easy game and glad that somebody like you's bringing a little bit of insight to folks that may not have a peek into what we do on a day to day." "There's more to it than just selling them a piece of land." "You bring a business into your community, and you want them to succeed." "Like you'd rather not just be looked at as a sale or a metric." "Walking them through step by step, introducing them to who they need to be introduced to, opening doors that are closed to them, all those kinds of things."

    147: Transforming Communities Through Redevelopment with Kristen Fish-Peterson

    Play Episode Listen Later Oct 28, 2024 28:20


    This episode of the Econ Dev Show podcast features an insightful conversation with Kristen Fish-Peterson, the Principal and CEO at Redevelopment Resources. Kristen shares her vast expertise in economic and community development, detailing the work her firm does in housing studies, market analysis, and downtown redevelopment planning. Throughout the episode, Kristen emphasizes her team's unique ability to work with both private developers and public sector entities, helping them navigate the complexities of municipal processes and strategic planning. As the discussion unfolds, Dane and Kristen explore how economic development and redevelopment projects can rejuvenate communities, particularly downtown areas. Kristen delves into how her team assists municipalities in implementing redevelopment plans and helping developers secure the necessary municipal support. This episode provides listeners with a comprehensive understanding of the challenges and opportunities in the world of redevelopment, offering valuable insights for economic developers and community planners alike. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps!

    146: The Coming Demographic Drought: Navigating America's Looming Labor Crisis with Josh Wright

    Play Episode Listen Later Oct 21, 2024 40:22


    In this episode of the Econ Dev Show Podcast, Dane Carlson interviews Josh Wright about Lightcast's new report "The Rising Storm: Building a Future-Ready Workforce to Withstand the Looming Labor Shortage." The report explores the impending demographic drought due to retiring baby boomers, declining birth rates, and other factors such as incarceration and addiction. Wright explains how these converging trends are creating an unprecedented challenge for the U.S. economy, with certain industries like healthcare, construction, and food service already feeling the impact. He discusses the potential long-term consequences of this labor shortage on economic growth, productivity, and community sustainability. The conversation then shifts to strategies for economic developers and communities to prepare for this challenge. Wright emphasizes the importance of skills-based hiring and training, talent attraction and retention, and partnerships between businesses and educational institutions. He advocates for a data-driven approach, urging communities to analyze their local labor markets and adapt their workforce development strategies accordingly. The episode provides valuable insights for economic development professionals, policymakers, and business leaders on how to build a future-ready workforce in the face of these demographic shifts. Wright also highlights the resources available in the report and accompanying materials to help communities navigate this looming crisis. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Josh Wright.

    145: Economic Development in Southern Oregon with Marta Tarantsey

    Play Episode Listen Later Oct 14, 2024 26:58


    In this episode of the Econ Dev Show, Dane Carlson interviews Marta Tarantsey, Regional Development Officer for Business Oregon, about her work fostering economic growth in Southern Oregon. Since 2017, Marta has supported businesses and communities in the region, navigating the challenges and opportunities of a state rich in natural resources and talent but with a smaller population compared to national competitors. Marta highlights key topics such as Oregon's urban growth boundary and its influence on development. She shares the success story of Dutch Bros Coffee—an Oregon startup that scaled into a national brand and went public—as a prime example of the region's potential. The conversation also explores pressing workforce issues, including childcare shortages, drawing on insights from a recent panel hosted by the Grants Pass and Josephine Chamber of Commerce. Throughout the episode, Marta's passion for community engagement is evident as she reflects on her involvement with local organizations. Her journey from Russia to Oregon over two decades ago adds a unique perspective to her approach to economic development. This conversation offers valuable insights into navigating regional growth challenges and strategies for building resilient communities in a competitive national landscape. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Marta Tarantsey.

    144: Innovative Economic Development in St. Louis with Jason Archer and Darrell Scott

    Play Episode Listen Later Oct 7, 2024 36:50


    In this episode of the Econ Dev Show Podcast, Dane talks with Darrell Scott and Jason Archer from the St. Louis Economic Development Partnership. Scott, the Vice President of Business Finance, and Archer, the Vice President of Business Development, share insights into their organization's unique role in promoting economic growth across both St. Louis City and County. They discuss their career paths, the challenges of attracting talent to the region, and highlight some of their successful projects and initiatives. A key focus of the conversation is the Partnership's innovative Business Retention and Expansion program, which has won awards for its collaborative approach involving multiple economic development entities. The guests also touch on how COVID-19 has impacted their work, leading to more efficient virtual meetings and expanded outreach. Throughout the interview, Scott and Archer emphasize their commitment to supporting businesses of all sizes and fostering economic development in the St. Louis area. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guests: Darrell Scott and Jason Archer.

    143: Dane on DMP: Why Destination Marketers Should Think Like Economic Developers

    Play Episode Listen Later Oct 4, 2024 37:08


    About a month ago, I had the opportunity to appear on my friend Adam Stoker's Destination Marketing Podcast (https://destinationmarketingpodcast.com). Then, just a couple of weeks ago, Adam joined me right here on the Econ Dev Show (https://podcast.econdevshow.com/139). We thought it would be fun to switch things up and share our respective podcast episodes on each other's feeds. So, today's episode is a bonus feature—you're about to hear my appearance on the Destination Marketing Podcast! If you're interested in destination marketing, or want to know more about the work I did in Mariposa County, California, sit back, relax, and enjoy this special episode of the Destination Marketing Podcast." In this episode, Adam talks with Dane Carlson, host of the Econ Dev Show and CEO of Site Hunt, about the crucial link between tourism and economic development. Dane shares his journey from blogging to economic development, including how he transformed Mariposa California by adding an escape room to the visitor center. Dane also emphasizes the importance of collaboration between economic developers and destination marketers to create meaningful visitor experiences and drive local economic growth. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! https://econdevshow.com/content/images/2024/10/2-Escape-Room.jpg Special Guest: Adam Stoker.

    142: Economic Strategies in Maine with Anne Krieg

    Play Episode Listen Later Sep 30, 2024 24:24


    In this engaging episode of the Econ Dev Show, host Dane is joined by Anne Krieg, the Director of Community and Economic Development for Bangor, Maine. Anne provides an insightful overview of Bangor's economic landscape, emphasizing that while tourism is a major economic driver in Maine, Bangor relies more heavily on its medical centers and educational institutions, such as the Northern Light Medical Center and the University of Maine. She discusses the effective use of federal funds to revitalize underserved neighborhoods and the significant challenges that rural communities face due to limited staffing. Through her experience and perspective, Anne highlights the importance of community-focused planning and the need for systemic changes in regional development strategies to foster lasting economic growth. 10 Actionable Insights Livability: Focus on making your community a desirable place to live with walkable neighborhoods, good parks, and quality education. This attracts both residents and businesses who want a high quality of life. Community Engagement: Adopt a conversational, bottom-up approach to development. Involve the community in discussions to ensure that plans meet local needs and gain their support. Long-term Planning: Develop and think in terms of 5, 10, 15, and 20-year plans. Strategic foresight ensures sustainable development and adaptability to future needs. Promote Your City: Actively market your city to the outside world. Attend trade shows and tell your city's story to attract new investments and visitors. Utilize Unique Assets: Leverage unique local assets like municipal airports and foreign trade zones. Highlight and make full use of distinctive infrastructure to drive economic opportunities. Collaborate Regionally: Foster informal regional collaborations. Work with neighboring communities to address broader economic challenges and opportunities. Support Rural Areas: Provide assistance to smaller rural communities that lack staff and resources. Offer guidance and resources to help them navigate development challenges. Implementing Strategies: Focus on executing developed economic strategies. Turn plans into action by ensuring your team is dedicated to following through on strategies. Holistic Approach: Employ planners who can see the bigger picture and integrate various aspects of city planning into economic development. A holistic view can create more cohesive and well-rounded development initiatives. Sustainable Partnerships: Establish ongoing partnerships with local institutions and organizations. Collaboration with local entities ensures continuous support and resources for development projects. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Anne Krieg.

    141: Navigating EDA Grants for Economic Development with Beka Shiver

    Play Episode Listen Later Sep 23, 2024 35:14


    In this episode Dane Carlson and Beka Shiver (Economic Development and Transportation Planner for the Southwest Georgia Regional Commission) delve into the grant application process for federal programs like the Economic Development Administration. They explore a range of projects, from critical infrastructure improvements to innovative business incubators. Shiver highlights the importance of patience and effective communication throughout the grant process. She notes that while federal funding may not be ideal for urgent needs, it plays a crucial role in supporting long-term community development, particularly in historically underserved rural areas. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Economic Development Insights Capitalize on every opportunity: Be proactive in networking by answering all phone calls, attending relevant meetings, and consistently distributing business cards. This approach can lead to unexpected partnerships and opportunities. Seek out multiple funding partners: Don't rely on a single source of funding. Combine resources from various entities such as county, city, and economic development commissions to create stronger, more competitive grant applications. Aim for higher matching contributions: While federal EDA grants typically require a 20% match, providing a higher match (e.g., 35%) can make your application stand out and increase chances of approval. Focus on regionalism and partnerships: Collaborate with multiple partners on singular projects. This approach not only strengthens applications but also fosters a spirit of regional cooperation. Be patient with the grant process: Understand that federal funding is designed for long-term community development, not immediate needs. Plan accordingly and manage expectations. Maintain consistent communication: Keep regular contact with funding agencies throughout the grant application and review process. This helps build relationships and keeps your project on their radar. Look for innovative solutions: Draw inspiration from historical necessity-driven innovations to solve current challenges in rural communities. Think creatively about how to address modern problems. Leverage STEM education initiatives: Use these programs as a foundation to build an ecosystem of innovators in the region. This can help create a skilled workforce and attract high-tech industries. Be a good steward of resources: Continuously look for ways to maximize the impact of available funds and talents. This includes finding creative ways to stretch budgets and leverage existing assets. Create an ecosystem for innovation: Focus on developing an environment that encourages people to try new ideas and approaches, even if they might fail. This can foster a culture of entrepreneurship and innovation. Diversify economic base: Work towards having a variety of industries in the region, from agricultural to manufacturing. This creates a more resilient local economy that can weather sector-specific downturns. Leverage local strengths: Identify and utilize existing resources and industries (like major corporations or military bases) as anchors for further economic development. These can serve as the foundation for supply chains or complementary businesses. Plan for sustainability: Think beyond the initial grant cycle. Develop strategies to maintain momentum and progress after the initial funding ends, ensuring long-term impact. Focus on infrastructure improvements: Prioritize essential upgrades like wastewater systems, transportation networks, and broadband internet. These are often critical for attracting and retaining businesses. Be aware of funding limitations: Understand the competitive nature of grant funding and plan accordingly. Have backup plans and alternative funding sources in case primary grant applications are unsuccessful. Build long-term relationships: Instead of applying for grants year after year, focus on developing ongoing partnerships with funding agencies. This can lead to more consistent support and better alignment with agency goals. Consider industrial park development: Where appropriate, explore opportunities to create or expand industrial parks. These can serve as hubs for business attraction and expansion efforts. Embrace a long-term perspective: Recognize that significant economic development often takes years or even decades to fully manifest. Set realistic timelines and celebrate incremental progress along the way. Special Guest: Beka Shiver.

    140: Transforming Southern Illinois' Economic Development with Deb Barnett

    Play Episode Listen Later Sep 16, 2024 29:42


    In this episode, Dane talks with Deb Barnett, the executive director of SI Now. SI Now is a relatively new regional economic development organization founded in the fall of 2022, serving 17 counties in Southern Illinois. She explains that the organization was created to address the need for a more strategic and collaborative approach to economic development in the region, moving away from the previous model where communities and counties worked in isolation. During the conversation, Barnett highlights SI Now's focus on long-term economic growth and shares insights about their current projects and future plans. She also discusses her involvement in a podcast called "Small Town Big Business," which features interviews with small business owners in Southern Illinois. Barnett emphasizes the importance of storytelling in economic development and expresses optimism about the increasing number of opportunities and projects in the pipeline for the region. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Deb Barnett.

    139: From Tourism to Business Attraction: Podcasting in Economic Development with Adam Stoker

    Play Episode Listen Later Sep 9, 2024 35:02


    In this episode of the Econ Dev Show, host Carlson sits down with Adam Stoker, president and CEO of Relic, to discuss the intersection of economic development and destination marketing. Adam, whose company specializes in creating podcasts for Destination Marketing Organizations (DMOs), shares insights on how the strategies used in tourism promotion can be effectively applied to economic development efforts. The conversation explores the similarities between attracting tourists and attracting businesses, with both aiming to bring outside money into specific geographic areas. The discussion then delves into the power of podcasting as a marketing tool for economic developers. Adam emphasizes how creating valuable, educational content through podcasts can help build relationships with potential investors and businesses without resorting to direct sales pitches. He shares success stories from his experience, highlighting how inviting guests to share their stories on a podcast often yields better results than traditional outreach methods. The episode also addresses common objections to starting a podcast, such as fear of poor performance and lack of time, with Adam encouraging economic developers to overcome these barriers and prioritize audience building for long-term success in their community promotion efforts. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Adam Stoker.

    138: Blending Non-Profit Values with For-Profit Agility: Bo Kemp's Approach to Economic Development

    Play Episode Listen Later Sep 6, 2024 32:11


    In this episode, Bo Kemp, CEO of the Southland Development Authority discusses his unique approach to economic development through a not-for-profit organization that operates with the agility and risk-taking mindset of a for-profit business. Kemp emphasizes the importance of failing fast and pivoting quickly to optimize programs and services. He explains how his organization is structured to evaluate and stop initiatives that aren't delivering the expected impact, which contrasts with traditional non-profits that often have difficulty abandoning projects due to the lengthy fundraising and validation process. His goal is to take on the risks that for-profit businesses avoid, using innovative techniques like measuring social impact and partnering with businesses to drive wealth-building at the municipal level. Kemp also shares how his team is working to monetize their services by offering their proven models to other municipalities. For example, their business growth services could be replicated in cities like Tucson, Arizona, allowing other communities to benefit from their expertise and infrastructure without having to start from scratch. Kemp's team uses tools like Salesforce and data science to manage relationships and measure success, which they are willing to share with other cities to support broader economic growth. The conversation highlights Kemp's vision of blending for-profit efficiency with non-profit values to foster sustainable, community-centered development. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Bo Kemp.

    137: Unlocking the American Dream: The Critical Role of Economic Development With Don Iannone

    Play Episode Listen Later Aug 12, 2024 36:17


    In this episode host Dane Carlson interviews Don Iannone (https://www.linkedin.com/in/doniannone/), the author of "America's Dream, at the Crossroads (http://www.amazon.com/exec/obidos/ASIN/B0D8M6LQKF/econdevshow-20)," a book that delves into the challenges and opportunities facing the American Dream, particularly in the context of the upcoming 2024 presidential election. The discussion centers on the critical role that economic development plays in enabling Americans to achieve the American Dream, emphasizing the often-overlooked connection between economic policies and individual prosperity. Iannone explains how economic developers are at the forefront of shaping the future of the nation, making this conversation particularly relevant for those engaged in economic development and public policy. Through this dialogue, Carlson and Iannone highlight the importance of understanding economic development not just as a technical field, but as a fundamental driver of societal well-being and a key factor in the nation's political landscape. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways Connect Economic Development to the American Dream: Ensure that your community's economic development initiatives are directly tied to helping individuals achieve their version of the American Dream, emphasizing job creation, homeownership, and economic mobility. Engage in Policy Advocacy: Advocate for policies at the local, state, and national levels that support sustainable economic growth and align with the broader goals of improving quality of life and expanding economic opportunities for all. Foster Inclusive Growth: Focus on creating opportunities that benefit all segments of the population, particularly marginalized communities, to ensure that the economic benefits of development are widely shared. Promote Workforce Development: Invest in education and training programs that equip workers with the skills needed for the jobs of the future, ensuring that your community remains competitive in a rapidly changing economy. Leverage Public-Private Partnerships: Collaborate with businesses, educational institutions, and government entities to create innovative solutions that drive economic growth and community development. Focus on Quality of Life: Develop strategies that not only attract businesses but also enhance the overall quality of life in your community, making it a desirable place to live, work, and invest. Communicate the Economic Development Story: Clearly articulate the role of economic development in achieving the American Dream to stakeholders, including elected officials, business leaders, and the general public. Prepare for Economic Disruptions: Build resilience into your economic development strategies by planning for potential disruptions, such as technological changes, global market shifts, or political instability. Measure and Communicate Impact: Regularly assess the impact of your economic development efforts and communicate these results to stakeholders to demonstrate the value of your work and secure continued support. Stay Informed on National Trends: Keep abreast of national economic and political trends that could impact your community, and be prepared to adjust your strategies accordingly to remain aligned with broader national goals. Other Sponsors

    136: A Conversation with Alia Abbas About Sustainable Economic Development

    Play Episode Listen Later Aug 5, 2024 27:47


    In this episode of the Econ Dev Show, host Dane Carlson interviews Alia Abbas, an economic development consultant in Canada, about the critical importance of sustainable economic development. They discuss how integrating sustainability into daily economic development tasks can build community resilience against climate change and disasters. Alia emphasizes the need for transparent risk communication with businesses, the importance of engaging with diverse stakeholders, and the growing influence of purpose-driven development among younger generations. The episode also explores incentivizing green initiatives, learning from resilient communities, and advocating for policy changes to support long-term sustainable growth. Aliyah's insights provide a fresh perspective on creating resilient, adaptable, and sustainable communities. Actionable Takeaways Incorporate Sustainable Development: Economic developers should integrate sustainable development into their daily tasks, making communities more resilient to disasters and climate change. Transparent Risk Communication: Economic developers need to openly discuss risks like floods or power outages with businesses to build trust and help them prepare for potential challenges. Engage with Businesses on Environmental Impact: Regularly consult with local businesses to understand the environmental impacts they face and how economic development can support mitigation efforts. Incentivize Green Initiatives: Highlight and offer incentives for businesses to adopt greener practices, such as tax breaks or credits, to attract and retain companies focused on sustainability. Learn from Resilient Communities: Study and collaborate with communities that have successfully managed disasters to improve local emergency management strategies and resilience. Promote Cross-Sector Collaboration: Work with diverse stakeholders, including disaster emergency management professionals, supply chain groups, and higher education institutions, to address sustainable development comprehensively. Focus on Purpose-Driven Development: Emphasize purpose-driven projects and job opportunities to attract younger generations who prioritize making a positive impact on their communities. Advocate for Policy Changes: Push for policy changes that support sustainable and resilient economic development, ensuring long-term community stability and growth. Develop Workforce Programs: Create workforce development programs that focus on green skills and sustainability to prepare the local workforce for future demands. Stay Informed and Educate: Continuously educate yourself on new sustainability initiatives and trends by engaging with businesses and participating in relevant events and organizations, like the Great Lakes Economic Development Council. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Other Sponsors

    135: July 2024 Update

    Play Episode Listen Later Jul 29, 2024 19:32


    Dane Carlson had a wild July. Quiet fireworks, a hurricane, and COVID-19. But that's not the interesting part. The interesting part is what he built: Sitehunt now automatically responds to RFIs. How? It reads the RFI document, extracts questions and criteria, matches your sites, and generates a response packet. All automatically. Plus, it understands local demographics, workforce, housing, and childcare situations. It uses this to answer RFI questions more intelligently. Dane says no other tool does all this for economic developers. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps!

    134: Economic Development at Harvard University and Argonne National Labs With Lara Gale and Alison Turner

    Play Episode Listen Later Jun 24, 2024 24:39


    About this Episode In this episode of the Econ Dev Show Podcast (https://podcast.econdevshow.com), Dane Carlson (https://www.linkedin.com/in/danecarlson/) sits down with Lara Gale (https://www.linkedin.com/in/laragale/), Economic Development Program Manager for the Taubman Center of State and Local Government at Harvard Kennedy School (https://www.hks.harvard.edu/centers/taubman), and Alison Turner (https://www.linkedin.com/in/amturnr/), Senior Economic Development Researcher at Argonne National Laboratory (https://www.anl.gov). Lara Gale and Alison Turner bring their extensive expertise and passion for economic development to the discussion, sharing their unique perspectives and strategic visions. They delve into innovative approaches to fostering growth and sustainability, emphasizing the importance of strategic planning and collaboration with various stakeholders. Lara provides insights into her role at the Harvard Kennedy School, where she manages economic development programs and supports state and local governments through research and practical solutions. She highlights key projects and initiatives that have contributed to economic successes, including infrastructure development and community engagement strategies. Alison discusses her work at Argonne National Laboratory, focusing on research-driven economic development. She explores the role of technology and data in shaping economic development strategies, sharing examples of how data-driven decision-making can identify trends, optimize resources, and create business-friendly environments. Together, Lara and Alison address the unique challenges and opportunities in managing economic development in diverse contexts. They emphasize the significance of community engagement and partnerships in driving economic growth, highlighting the importance of building strong relationships with local businesses, educational institutions, and community organizations for a holistic approach to development. This episode showcases the innovative work being done by Lara Gale and Alison Turner, providing valuable insights and practical strategies for economic developers and community leaders looking to drive positive change in their regions. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Takeaways for Economic Developers Leverage Academic Partnerships: Collaborate with academic institutions to access cutting-edge research and resources. This can provide valuable insights and innovative solutions for economic development challenges. Utilize Data-Driven Decision Making: Emphasize the importance of data in shaping economic strategies. Use data to identify trends, optimize resource allocation, and create a business-friendly environment. Foster Community Engagement: Build strong relationships with local businesses, educational institutions, and community organizations. Engaging the community can lead to more holistic and sustainable economic development. Focus on Infrastructure Development: Prioritize infrastructure projects that support long-term economic growth. This includes transportation, utilities, and technological infrastructure that can attract and retain businesses. Encourage Strategic Planning: Develop comprehensive strategic plans that outline clear goals, strategies, and metrics for success. Ensure these plans are adaptable to changing economic conditions. Promote Sustainability: Integrate sustainability into economic development strategies. This includes promoting green technologies, energy efficiency, and sustainable business practices. Enhance Workforce Development: Invest in workforce development programs that align with the needs of local industries. This can include training, education, and partnerships with local educational institutions. Diversify the Economic Base: Focus on attracting a diverse range of industries to reduce dependency on a single economic sector. This can make the local economy more resilient to market fluctuations. Implement Technology Solutions: Adopt technology solutions that streamline operations and enhance service delivery. This can include digital platforms for business support, economic forecasting tools, and more. Evaluate and Adapt: Continuously evaluate the effectiveness of economic development initiatives. Use feedback and data to make informed adjustments to strategies and programs. Other Sponsors

    133: True Economic Development Provides an Opportunity for Everyone to be Successful with Ken Chapa

    Play Episode Listen Later Jun 17, 2024 23:39


    In this episode of the Econ Dev Show Podcast (https://podcast.econdevshow.com), Dane Carlson (https://www.linkedin.com/in/danecarlson/) sits down with Ken Chapa (https://www.linkedin.com/in/kenchapa/), the Director of Economic Development and Tourism for the City of Avondale, Arizona (https://avondaleedge.com), a thriving community in the Phoenix metropolitan area. Ken Chapa shares his journey and passion for economic development, highlighting his strategic vision for Avondale. With extensive experience in the field, Ken discusses the innovative approaches he has implemented to foster growth and sustainability in Avondale. He delves into the dynamic economic landscape of the city, emphasizing the importance of strategic planning and collaboration with various stakeholders to attract and retain businesses. Throughout the conversation, Ken addresses the unique challenges and opportunities that come with managing economic development in a fast-growing urban area. He provides insights into key projects and initiatives that have significantly contributed to Avondale's economic success, including the development of the Avondale City Center, efforts to enhance infrastructure, and the attraction of healthcare and technology companies to diversify the economic base. Ken also explores the role of technology and data in shaping economic development strategies. He shares examples of how Avondale leverages data-driven decision-making to identify trends, optimize resources, and create a business-friendly environment. Additionally, Ken emphasizes the significance of community engagement and partnerships in driving economic development. He highlights the importance of building strong relationships with local businesses, educational institutions, and community organizations to create a holistic approach to growth and development. By showcasing the innovative work being done in Avondale, this episode provides valuable insights and practical strategies for economic developers and community leaders looking to drive positive change in their regions. Ken's passion for economic development and his commitment to making Avondale a thriving and sustainable community make this episode a must-listen for anyone interested in the field. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Actionable Insights for Economic Developers: Focus on Unique Strengths: Identify and leverage the unique aspects of your community to stand out. For Avondale, this included its young population and investment in amenities that cater to younger families and professionals. Develop Mixed-Use Projects: Consider developing mixed-use projects like the Avondale City Center to create vibrant, multi-functional spaces that attract residents and businesses alike. Invest in Parks and Recreation: Invest heavily in parks, recreation, and community spaces to enhance the quality of life for residents and make your community more attractive to newcomers. Foster Strong Educational Partnerships: Build strong partnerships with local schools and universities to support education and workforce development, ensuring a skilled talent pool for local businesses. Engage with the Community: Actively engage with residents to get their input on projects and initiatives. This helps build a sense of ownership and pride in the community. Leverage Data for Decision-Making: Use data-driven decision-making to identify trends, optimize resources, and create a business-friendly environment. Attract Diverse Industries: Diversify the economic base by attracting a variety of industries, such as healthcare and technology companies, to ensure economic stability and growth. Improve Infrastructure and Connectivity: Work on transportation and infrastructure projects to improve connectivity and accessibility within the community, making it easier for people to live, work, and play. Promote a Business-Friendly Environment: Create policies and initiatives that support local businesses and make your community attractive for new investments. Manage Sustainable Growth: Focus on managing growth in a sustainable way that maintains the quality of life for residents and preserves the unique characteristics of the community. Other Sponsors

    132: Championing Rural Economic Development with Lorie Vincent and Stand Up Rural America

    Play Episode Listen Later Jun 10, 2024 34:46


    In this episode of the Econ Dev Show (https://econdevshow.com/), Dane Carlson sits down with Lorie Vincent (https://www.linkedin.com/in/lorie-vincent/), the founder of the Stand Up Rural America Summit (https://www.standupruralamerica.com), an innovative program aimed at empowering rural communities through economic development. Lorie Vincent shares her journey and passion for rural economic development, spanning over 34 years and involving work with approximately 350 rural communities. She explains the inception of Stand Up Rural America, a unique summit designed to bring together rural trailblazers and change makers. Unlike traditional associations or memberships, this event is open to everyone, aiming to foster collaboration and provide actionable insights that attendees can implement in their communities immediately. Throughout the conversation, Lorie emphasizes the importance of community and collaboration in rural economic development. She discusses her extensive experience and involvement in state associations and organizations such as IEDC and SEDC, which inspired her to create an event specifically tailored to rural America. Her goal is to share the innovative and impactful work being done in these communities, providing inspiration, tools, and strategies to drive positive change. Lorie also highlights the importance of bringing together diverse voices and experiences to address the unique challenges faced by rural communities. By showcasing successful initiatives and offering practical solutions, Stand Up Rural America aims to elevate rural economic developers and community developers, helping them create immediate and lasting impact in their regions. Actionable Insights for Economic Developers: Promote Community Collaboration: Foster collaboration among local stakeholders to leverage collective resources and knowledge for economic development. Share Success Stories: Highlight successful initiatives from other rural communities to inspire and guide local development efforts. Provide Practical Tools: Equip community developers with practical tools and strategies that can be implemented immediately to drive economic growth. Engage Diverse Voices: Involve a diverse range of stakeholders to ensure comprehensive and inclusive economic development planning.4 Focus on Immediate Impact: Prioritize initiatives that can deliver quick wins and immediate benefits to the community, building momentum for long-term projects. Leverage State and National Resources: Utilize resources and support from state associations and national organizations to enhance local economic development efforts. Encourage Innovation: Support innovative approaches and creative solutions to address the unique challenges faced by rural communities. Facilitate Knowledge Sharing: Create platforms for knowledge sharing and networking among rural economic developers to foster continuous learning and improvement. Empower Local Leaders: Empower local leaders with the skills and knowledge needed to drive economic development and inspire their communities. Stay Informed: Keep up-to-date with the latest trends and best practices in rural economic development to ensure your strategies are effective and relevant. By championing these principles and leveraging the insights from Stand Up Rural America, rural economic developers can drive significant and sustainable growth in their communities. Other Sponsors

    131: Economic Analytics Made Easy: Eric Trevan's Innovative Approach

    Play Episode Listen Later Jun 3, 2024 31:47


    In this episode of the Econ Dev Show, Dane Carlson (https://www.linkedin.com/in/danecarlson/) interviewed Eric Trevan, PhD (https://www.linkedin.com/in/eric-s-trevan-ph-d-83262348), an investor, economist, and business and the President and CEO of aLocal Solutions (https://alocalsolutions.com) an AI marketing and economic analytics platform. Their conversation dives into Eric's extensive experience and innovative approach to economic development. Eric shares how his career evolved from being a planning director in Southeast North Carolina to his current role, emphasizing the importance of transparency and parity in economic data. He discusses the inception of his AI platform aimed at creating equitable economic opportunities by automating and providing affordable solutions for cities of all sizes. Throughout the discussion, Eric highlights the significance of objective and comprehensive data in decision-making, especially for local governments and economic developers who often operate with limited resources compared to large developers. He illustrates how his platform, aLocal, aggregates and analyzes vast datasets to offer predictive analytics, enabling communities to make informed decisions about economic initiatives. The conversation also covers the evolution of aLocal from its conceptualization in 2002 to its formal establishment in 2019. Eric recounts the journey, including his academic pursuits and various leadership roles that contributed to his understanding of economic dynamics. He stresses the role of AI in leveling the playing field for smaller communities and fostering data equity, sovereignty, and diplomacy. Eric elaborates on the platform's capabilities, such as forecasting market demand, economic impact, and financial health at granular levels, down to zip codes. He also touches on the importance of community involvement and stake Sponsor Sitehunt (https://sitehunt.io/?ref=econdevshow.com) is Dane's AI-enhanced platform that helps economic developers build a comprehensive property database and respond to RFIs. Request a demo (https://cal.com/sitehunt/quick-walkthru?ref=econdevshow.com). Actionable Insights for Economic Developers Leverage AI for Data Equity: Use AI-driven platforms to automate and provide affordable economic data solutions, ensuring all cities, regardless of size, have access to high-quality data for informed decision-making. Focus on Transparency and Objectivity: Ensure that all economic development decisions are based on transparent and objective data, reducing bias and building trust within the community and with stakeholders. Utilize Predictive Analytics: Employ predictive analytics to forecast market demand, economic impact, and financial health, helping to guide investment and development decisions with greater accuracy. Conduct Comprehensive Market Analyses: Regularly perform market analyses to identify industry demands, economic leakages, and financial health at a granular level, down to specific zip codes. Engage in Stakeholder Meetings: Actively participate in and facilitate stakeholder meetings to gather community input and ensure that development projects align with local needs and priorities. Support Data Sovereignty: Encourage communities to take ownership of their data, allowing for more accurate and relevant local economic models and better-informed decision-making processes. Implement Customizable Solutions: Offer customizable economic development solutions that can be tailored to the specific needs and priorities of different communities, whether they require detailed market studies or broad economic impact assessments. Foster Collaboration Across Jurisdictions: Promote intergovernmental and inter-jurisdictional collaboration to leverage shared resources and data, maximizing the impact of economic development initiatives. Invest in Workforce Development: Prioritize workforce development initiatives to ensure that local populations have the skills needed to support new and existing industries, fostering sustainable economic growth. Innovate and Adapt: Stay agile and open to new technologies and methodologies in economic development, continuously seeking out innovative solutions that can address long-standing challenges and drive positive community outcomes. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! The Econ Dev Show is made possible by our Econ Dev Pro members (join now (https://econdevshow.com/#/portal/account/plans)) and sponsors: EDOiQ (https://edo-iq.com/), ResearchFDI (https://researchfdi.com/), The PACE Group (https://thepacegroup.com/), and SiteHunt (https://sitehunt.io/). (Become a sponsor (https://econdevshow.com/annual-sponsorship/).) Special Guest: Eric Trevan.

    130: Talking Economic Development in Alabama with Greg Canfield

    Play Episode Listen Later May 27, 2024 31:23


    In this episode of the Econ Dev Show, Dane Carlson interviews Greg Canfield, who currently serves as the Managing Director of Economic Development at Burr & Forman. Greg previously served 12 years as Secretary of Commerce for the state of Alabama. Their conversation covers Greg's career journey, and his take on the complexities of economic development. Greg shares how he transitioned from local politics, serving as the president of a city council, to becoming the head of Alabama's Department of Commerce. He highlights the importance of building strong relationships, understanding the needs of businesses, and fostering an environment conducive to economic growth. Greg emphasizes the significance of adapting to changing circumstances, especially in the context of the global pandemic, which has forced many economic developers to rethink their strategies and approaches. The discussion also touches on the challenges Greg faced during his tenure, such as the global economic downturn, and how quick decision-making and consultation with influential figures helped him navigate these obstacles. Additionally, Greg provides insights into the future of economic development, stressing the need for resilience, digital infrastructure, and workforce development. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Additionally: The Econ Dev Show is made possible by our Econ Dev Pro members (join now (https://econdevshow.com/#/portal/account/plans)) and sponsors: join now (https://edo-iq.com/), join now (https://researchfdi.com/), join now (https://thepacegroup.com/), and join now (https://sitehunt.io/). (join now (https://econdevshow.com/annual-sponsorship/).). Special Guest: Greg Canfield.

    129: Supporting Spanish-Speaking Entrepreneurs with Amber Tarrac

    Play Episode Listen Later May 20, 2024 31:56


    In this episode of the Econ Dev Show, Dane Carlson interviews Amber Tarrac, CEO of Founder Fuego. The discussion centered on the mission and activities of Founder Fuego, a company dedicated to empowering Spanish-speaking and diverse entrepreneurs with the tools, resources, and knowledge they need to succeed. Amber shared insights into her transition from nearly 20 years in the public sector in economic development and workforce development to launching Founder Fuego. The conversation highlighted Founder Fuego's innovative approach to inclusion and empowerment, focusing on their Founder Fuel newsletter, which offers weekly content with a unique Spanglish twist. This newsletter provides valuable information on funding opportunities, diverse founder stories, and essential business updates. Amber also discussed the importance of providing bilingual resources and workshops to better serve Spanish-speaking entrepreneurs, who often feel left out of traditional economic development ecosystems. By meeting these entrepreneurs where they are, both culturally and linguistically, Founder Fuego builds trust and credibility, fostering greater engagement and participation. Additionally, Amber emphasized the value of community and network building, leveraging social media platforms like LinkedIn to enhance visibility and connections. She shared her vision for expanding Founder Fuego's impact, starting with key regions like Miami and Southern California, and the significance of cultural inclusion in economic development. Amber's journey and the mission of Founder Fuego underscore the critical role of inclusive support in helping diverse entrepreneurs thrive, ultimately contributing to stronger and more resilient communities. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Additionally: The Econ Dev Show is made possible by our Econ Dev Pro members (join now (https://econdevshow.com/#/portal/account/plans)) and sponsors: join now (https://edo-iq.com/), join now (https://researchfdi.com/), join now (https://thepacegroup.com/), and join now (https://sitehunt.io/). (join now (https://econdevshow.com/annual-sponsorship/).). Special Guest: Amber Tarrac.

    128: Getting Radically Rural with Julianna Dodson

    Play Episode Listen Later May 13, 2024 25:36


    In this episode of the Econ Dev Show host Dane Carlson (https://www.linkedin.com/in/danecarlson/) interviewed Julianna Dodson (https://www.linkedin.com/in/julianna-dodson-25992094/), the Deputy Executive Director at the Hannah Grimes Center for Entrepreneurship (https://hannahgrimes.com) in Keene, New Hampshire, and the director of Radically Rural (https://radicallyrural.org). The discussion revolved around the origins and work of the Hannah Grime Center for Entrepreneurship, the national programming called Radically Rural, and their innovative approach to community development, including hosting conferences and events in unique locations to foster collaboration and innovation. The conversation also delved into the concept of reweaving social fabric and the importance of genuine connection and communication in communities. Julianna shared her background and how she got involved in this field, highlighting the impact and opportunities for learning and engagement through the programs offered by Radically Rural. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Julianna Dodson.

    127: Entrepreneurship-Led Economic Development: A Conversation with Rob Williams of SourceLink

    Play Episode Listen Later May 6, 2024 24:24


    In this episode of the Econ Dev Show, Dane Carlson interviews Rob Williams, director of SourceLink, a not-for-profit organization that collaborates with economic development agencies to promote entrepreneurial-led economic growth. Rob details SourceLink's origins in 2003 in Kansas City, Missouri, where it began as an initiative to better connect local entrepreneurs to resources, evolving into a significant player in fostering entrepreneurial ecosystems across the U.S. He discusses the early challenges of advocating for entrepreneurship in economic development, the importance of tailored community strategies, and practical steps communities can take to engage and support local entrepreneurs. Rob emphasizes the evolving understanding and importance of entrepreneurship in economic development, sharing insights from his extensive experience and the impact of SourceLink's work in various communities. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Rob Williams.

    126: 1Berkshire's Wraparound Approach to Economic Development with Ben Lamb

    Play Episode Listen Later Apr 1, 2024 29:58


    In this episode of the Econ Dev Show, host Dane Carlson engages with Ben Lamb, Vice President of Economic Development at 1Berkshire in Massachusetts, to unravel the synergistic blend of economic growth and tourism in the Berkshires. Ben illuminates the unique approach of integrating cultural and economic vibrancy within a rural context, underlining the strategic application of 'wraparound economic development.' This concept not only aims at job creation and business enhancement but also keenly addresses broader community needs, including housing and transit, thus fostering a holistic regional development. The discussion ventures into the evolving demographics and economic shifts in the Berkshires, emphasizing post-pandemic transformations and the region's increasing diversity. Ben underscores the significance of fostering connectivity and collaborative efforts across geographic and sectoral boundaries, positioning the Berkshires as a pivotal hub for innovation and cultural richness in the Northeast. This episode is a treasure trove of insights for economic developers and community strategists alike, offering profound lessons on leveraging adaptability, collaboration, and community-centric approaches to catalyze sustainable regional prosperity. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Ben Lamb.

    125: Beyond Numbers: The Rise in Productivity Shapes Our World

    Play Episode Listen Later Mar 25, 2024 17:54


    In today's episode of the Econ Dev Show, Dane dives into the resurgence of labor productivity growth in the US, marking an end to years of standstill. This isn't just economic jargon; it's about how these changes affect our daily lives, enhancing our overall quality of life. There's a compelling narrative unfolding, reminiscent of the productivity leaps we saw in the 1990s. Let's explore what this means for us today and uncover the parallels and lessons from that transformative era. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps!

    124: Talking About Sitehunt

    Play Episode Listen Later Mar 18, 2024 8:49


    Hey there! I know it's been a while since you've heard from me — I've been deep in the trenches working on something special. Let me introduce you to Sitehunt: it's my latest creation, designed with a pinch of AI magic to revolutionize how economic developers gather property data. It's more than just a tool; it's your new partner in making well-informed decisions and speeding up the whole site selection process, all to help you nail those RFI responses and get ahead in your projects. I made it with you in mind, hoping it'll make a big difference in your work. Excited to see what you think! Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps!

    123: Startups and Corporates: Bridging the Gap with Adam Berk

    Play Episode Listen Later Jan 16, 2024 37:14


    In this episode of the Econ Dev Show, host Dane Carlson sits down with Adam Berk, co-author of "Startup Program Design," to explore the nuances of creating successful partnerships between startups and corporates. Berk delves into the challenges and opportunities in these collaborations, providing practical advice on how to design effective startup programs. His approach emphasizes the importance of mutual understanding, strategic alignment, and fostering an environment that encourages innovation and growth for both startups and established companies. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Adam Berk.

    122: Tax Increment Financing with Emily Blaylock (Encore)

    Play Episode Listen Later Dec 18, 2023 19:26


    In this encore episode from 2022, Dane talks with Emily Blaylock, Senior Vice President and Chief Lending Officer for Northwest Bank about Tax Increment Financing (TIF). Northwest Bank & Trust Company is an entrepreneurial bank that has built an Economic Development Division to help developers and municipalities get projects done around the US. They utilize Tax Increment Financing incentives designated from the municipalities to give developers funds upfront. These funds can be used to provide gap equity, expansion of existing sites, investment in other projects, working capital needs, or tenant improvements. Currently, they have completed projects in 8 states and over $400 million in funding. Their team has over 100 years of combined education in economic development and banking to help structure these loans. Update: Since this episode originally aired, Emily is now the CEO of Untamed Equity (https://www.untamedequity.com/), a company dedicated to bridging the gap between development projects and the equity needed to complete them. Like this show? Please leave us a review here (https://econdevshow.com/rate-this-podcast/) — even one sentence helps! Special Guest: Emily Blaylock.

    Claim Econ Dev Show

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel