links to best practice approach resources:

Google the Web for answers to the question: What is a best practice?

Glossary definitions of best practice approach and best practices

Best Practice Essentials for Successful Networking

The Summary of Best Practices for Local Economic Development

Priorities for Smart Communities Seeking Economic Development

Seven Essentials for Success in Locations that Want Economic Development

Take a Best Practice Approach to Being Online as a Location Data Supplier

Summary of Best Practices
for
Local Economic Development

promote and maintain a pro-business attitude

organize and facilitate regular business networking events

visit existing enterprises and let them know what you are doing

encourage enterprise leaders to be community leaders

recognize volunteers who contribute to economic development efforts

present your community profile in the standardized format used in your region

maintain a directory of existing enterprises as a item of location data

maintain a community profile of economic development data

know the outside sources of location data available about your community

find and network with area development allies within your community

find and network with outside contacts interested in your area's development

perform an annual area wage survey

organize and facilitate management and human resources forums

have education leaders and resource personnel as allies

encourage libraries to participate in the distribution of economic development data.

communicate with the area workforce

encourage efforts aimed at maintaining enterprise excellence

encourage efforts aimed at maintaining enterprise excellence

encourage efforts for achieving continuous improvement

keep programs and activities on-going and information up-to-date

go back

essentials for success
in places that want economic development

Success follows ...

when there is a local agenda for investing in leadership development

when recognition is given to those who invest their time and resources

when all leaders and allies buy into three essential economic development efforts

when local development representatives and allies are continuously networking

when educators and those in position to train workers are engaged in the process

when reliable location data is available and there is a committedness to prospects

when there is dedication to delivery on commitments and preparedness to compete

go back

Priorities for Places Seeking Economic Development

priority one ... work at retaining enterprises that provide good jobs in your community. From the economic development point of view the work includes educating the labor force about the truism of why a job exists and creating an understanding of job-retention concepts such as Voice of the Customer. Economic development leaders truly dedicated to success in their communities set the political approach to the process aside in favor of taking a stand for promoting a positive work ethic that balances what is good for the area labor force with what is practical for keeping worthwhile enterprises in business. The top priority in this regard is to work diligently to keep labor and management from getting at odds.

priority two ... work at creating and maintaining a pro-business attitude throughout your community. It is essential for labor and business leaders to team up to sustain community vitality and, equally so, for the non-business leadership as well as the citizenry in general to keep things on a positive footing. Everyone involved in community development should work at this priority. Leaders in education should be a part of the team that addresses these first two priorities. Education and training have key roles to play in economic development.

priority three ... work at preparing economic development data that is meaningful to all types of prospects. Also, work at getting information into the hands of prospects. Indirect forms of marketing, such as advertising, have their place. (Economic development is recognized as being a specialized marketing activity.) Indirect efforts aimed at seeking opportunities should take a position behind networking, however. Leaders of communities seeking economic development get things done by networking. At least one economic development marketing consultant's survey of business decision makers confirms that networking is all-important. Followup is the equivalent of networking if not, in fact, the same thing is many cases. Followup is crucial if measurable success is to be expected from priority three efforts.

Places seeking economic development have the opportunity to list in The Network for free.

CLICK HERE to suggest that a place of interest to you be listed in The Network.

If you are in position to provide economic development data about a location you have the opportunity to ask that it be listed in The Network for free. Take advantage of this offer by updating or applying for a record the Global Registry of Contacts. Records are created and updated without cost or obligation for those who are interested in joining in our mission.

Representatives of locations, anywhere around the world, who supply packages of information to economic development prospects may request links to where their contact data is available online. We publish the links without cost or obligation in Economic Development.net. If interested, apply for a record in the Global Registry of Contacts.

Those who want to make it easier for prospects to find and get in touch with them or want to step out from the GRC crowd are offered opportunities to participate in The Network.

go back