Championing Economic Development
In the face of the blowback that has been generated as a result of the Amazon competition (and subsequent rollback), the International Economic Development Council has provided some very useful information that can help economic developers improve the understanding of their roles to key stakeholders.
With Economic Development Week coming up May 6 – 11, 2019, “Championing Economic Development” published by IEDC arms EDOs with some important tools that first identifies the challenges facing economic developers, such as a misunderstanding of the role of economic development, the lack of an understanding of the role of the economic development organization, ideological opposition and a perceived lack of transparency on the part of EDOs.
The report goes on to identify five recommendations and a set of useful tools that will improve the reputation of EDOs in the eyes of their stakeholders. Among these recommendations is “make transparency a core tenet in all areas of your work.” This is one of the larger challenges as another core tenet is to maintain confidentiality of your project work. The Report provides some useful examples of benchmarking and communication tools that help to tell your story without violating confidentially.
Economic Developers in Ohio are encouraged to think ahead and utilize Economic Development Week as a way of sending the message about your work. IEDC will be providing additional EcD Week tools closer to May.
The report can be obtained by going to IEDC’s EDRP page at https://www.iedconline.org/web-pages/inside-iedc/championing-economic-development/.
The Ohio Economic Development Association’s annual Excellence Awards program recognizes the achievements of individuals and organizations in Ohio in the areas of economic and workforce development. Submit your nominations today and have excellence in your community recognized statewide!
A panel of judges will assess the nominations, determine finalists, and select a winner for each of the categories noted below. Award winners will be announced at a ceremony during the OEDA Annual Summit to be held October 16-18 at The Renaissance Columbus Downtown. All award finalists and winners will be notified prior to the Annual Summit so as to make appropriate arrangements.read more
Fiscal Impact Analysis can be a valuable tool to understand the costs and benefits of development. But FIA can be a complex process that is difficult for policy makers and citizens to comprehend.read more
Ninety percent of the Kenworth Class-8 global truck volume is built in Chillicothe, Ohio!
On April 24, 2019, the community celebrated the groundbreaking for a new paint facility that will improve efficiency and preserve the quality of The World’s Best Truck. The project represents $140 million in capital investment and will bring 100 new, great paying jobs to Ross County upon its completion in 2021. The Kenworth Chillicothe plant, which opened in 1974, currently employs more than 2300 people. In addition to the new paint facility, a $30 million robotic cab assembly system will be installed this summer.read more