Championing Economic Development

Feb 27, 2019 | News, Newsletter

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/.

HB168/BFPD Informational Webinar

Join a discussion, hosted by the Greater Ohio Policy Center (GOPC), to learn about the recently passed HB168, which establishes the bona fide purchaser defense (BFPD) into Ohio law. The establishment of the BFPD into Ohio law better aligns Ohio law with federal standards, and aims to encourage the redevelopment of lightly contaminated brownfield sites.

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An Open Letter to OEDA’s Members and Ohio’s Economic Development Community

OEDA has been listening and learning as the issues around systemic racism have been brought to the forefront and captured the nation’s attention.  It is devastating that the deaths of Ahmaud Arbery, Breonna Taylor, and George Floyd—and, sadly, the indisputable video evidence of their killings—became the catalysts for our country to collectively pay attention and admit that systemic racism exists. What is also indisputable is that the time for change is now.

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