Wisconsin Basic Economic Development Course

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1 Wisconsin Madison, Wisconsin Sept 12 15, 2016 International Economic Council s Mission SLIDE 2 Provide worldwide leadership and excellence in economic development for our communities, organizations, members and partners 1

2 IEDC Member Services SLIDE 3 Conferences Professional & Certification Legislative Tracking & Resource Center Career Services Newsletters and Journal Advisory Services & Research Certified Economic Developers (CEcD) SLIDE 4 Requires a broad knowledge and mastery of principle skills in economic development Eligibility Requirements include a combination of experience and professional development Practitioner Based Exam: No amount of studying can substitute for experience Test contains multiple choice, short answer and essay written portions as well as an oral interview 2

3 Economic - Defined SLIDE 5 IEDC defines Economic as a program, group of policies, or activity that seeks to improve the economic well-being and quality of life for a community, by creating and/or retaining jobs that facilitate growth and provide a stable tax base. Economic : Three Policy Areas SLIDE 6 Policies that meet broad economic objectives Policies that provide services to the community Policies that improve the business climate 3

4 Economic Players SLIDE 7 Federal, State and Local Government Special Authorities Public Private Partnerships Chambers of Commerce and other business groups Universities and Community Colleges Neighborhood Groups and Residents Utilities Financial Institutions Others Roles of an Economic Practitioner SLIDE 8 Gap Filler Analyst Advocate Catalyst 4

5 Economic Activities SLIDE 9 Business Retention and Expansion Assisting local business & industry Creating positive working climate with business community Real Estate & Reuse Building new facilities Using & rehabilitating existing buildings Economic Finance Providing gap financing Tapping into abundance of resources Economic Activities (continued) SLIDE 10 Marketing & Attraction Recruiting new industry and business Building positive community image Using new marketing technology Entrepreneurial & Small Business Strategies designed to assist small business Programs that encourage new investment 5

6 Economic Activities (continued) SLIDE 11 Workforce Providing training opportunities Supplying skilled labor Tech-Led Economic Planning for the future Embracing new technology Using new technology to do business Neighborhood Strategies Understand the neighborhood economy Learn the tools to revitalize distressed communities Economic Activities (continued) SLIDE 12 Strategic Planning Designing action plans Knowing where efforts will go Managing Economic Organizations Skills for effective leadership Monitoring and evaluating 6

7 Introduction to ED SLIDE 13 What to expect from this course: Nuts & Bolts coverage of principals and practices of ED professionals Real life examples Networking opportunities All course PowerPoint presentations and speaker bios are available at: Learn Lots & Enjoy! 7