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Select search results for explanation of information on this page

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Who publishes the official definition of economic development?

There's a plethora of thought about the process but we are yet to find anything official so we organized a comprehensive collection of economic development definitions. Taken all together the definitions chosen contain the most important keywords. Another useful file has terms that begin with the word economic. Economic development should be a process by any definition.

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What is the North American Economic Development Model?

We searched the Web for economic development model and came up with the following:
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http://en.wikipedia.org/wiki/Economic_development
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http://abec.unm.edu/resources/about_abec/Mondragon_ED_Model.pdf
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http://my3rivers.org/economic_model.html

The history of economic development as a practice in North America begins with industrial development. We searched for western industrial development model and found that Lester Brown would define the North American economic development model as working within a ... fossil-fuel-based, automobile-centered, throwaway economy. The American Economic Development Council once published a definition indicating that its practitioners are primarily involved in marketing. The promotion of North American locations that want economic development would certainly be a component of any model used as a practitioner's guide according to AEDC. A model for guiding the process locally should include recognition of the organization that is in position to apply Best Practices for Places that Want Economic Development. A practical model should take into account that politics in involved in the process. Ted Levine, a guru of economic development marketing once observed that the great practitioners understand ... politics is part of the game and (they indulge) in it with relish.

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Who first came up with the phrase economic development?

Joseph Schumpeter. See information about The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change by Richard Arena and Cécile Dangel-Hagnauer at www.questia.com (source). Schumpeter coined the term economic development when he wrote The Theory of Economic Development in 1911. More information under the definition of industrial revolution in the .network glossary.

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Who provides professional recognition for economic development practitioners?

Nothing beats experience or the recognition of economic development prospects who have worked with them. On the academic side of the question, one most go back to so called basic industrial development courses and the Industrial Development Institute at the University of Oklahoma/Norman where the process of providing professional recognition for practitioners began in North America (1962). The American Industrial Development Council introduced an Advanced Symposium in 1965 which was integrated into the IDI Year III program in 1989 after AIDC became AEDC (American Economic Development Council) and the Institute became EDI (Economic Development Institute). In the mid-1970s a certification was tacked on to the Institute program. Certification continues today under IEDC (International Economic Development Council). Recognition of professional achievement by those who are classified as prospects was provided the the International Development Research Council during the last 20 years of that organizations existence. IDRC recognition was awarded for outstanding, as opposed to academic, achievement in the form of a Master Professional designation (example) for resource and service providers engaged in enterprise and economic development.

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Who knows the economic development/site selection relationship best?
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The combination of area and local representatives and site selectors working or regularly networking with each other. Accessing the following items will lead to more information: (1) Getting Started/The Site Selection Directory; (2) Economic Development/the library; (3) the .network mission statement; and (3) the answer to the question about the organization of IDRC.

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Who was the original site selection consultant?
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Felix Fantus started up a site selection consulting business around 1920 after relocating his companydashsee Bidding for Economic Development: The Role of Site Location Consultants by Maria Khan. Fantus' consulting firm refined such procedures as gathering information, conducting feasibility studies, and dealing with places under consideration. Fantus consultants were most likely the first advocates for standardizing the presentation of location data.

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Who organized the first association giving economic developers the opportunity to network with corporate real estate executives?
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Mac Conway (McKinley Conway), who introduced a magazine dedicated to location/site selection in 1954, organized a meeting of a group of real estate professionals working for major companies at the beginning of the 1960s. Discussion about a need for research to support planning for facilities expansion and industrial relocations as well as organizing and presenting site selection data in a standardized form. The meeting Conway organized resulted in the creation of the Industrial Development Research Council. IDRC allowed economic developers to join as associates in order for members to have a pool of known contacts available.

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Whose idea was it to publishing site selection criteria on the Web and sell access to the information to economic developers?
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Craig Throckmorton introduced Plant Site Locators online in the 1990s. He operated as an information broker and charged a fee to those who wanted to view selection criteria. At about the same time, The Network was introduced with its Site Selection Directory services. Unlike PSL, The Network provided free-access to resources and offered a unique search promise. The Directory published project announcements, including selection criteria, for free and access was free. The Network and its SSD continues in operation. PSL no longer exists.

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Who created the first site selection data brokerage on the Web?
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Marc Bailey put together the American Community Network at Towery Publishing in the mid-1990s. ACN provided the service of aggregating data available from various sources and offering it for sale as useful in comparative analysis. Bailey was experienced as a Procter & Gamble product manager. Bailey continued with the operation as it transitioned from one publisher to another and changed names. Mac Conway founded an organization in the 1960s, know as IDRC, which allowed him to furnished economic development data to a membership. The last know owner of the ACN data brokerage approach once stated that Conway was his competitor.

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Who was the site selector for Disneyland and Walt Disney World?
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Harrison (Buzz) Price of the Harrison Price Company was recognized in 1995 by the International Association of Amusement Parks and Attractions (IAAPA) for his handling of hundreds of feasibility and site selection projects around the world including Disneyland (Anaheim, CA) and Disney World (Orlando, FL).

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Who managed prospecting and prospect services for Bob Leak when he was director of the South Carolina State Development Board in the 1970s?

When Leak took over he found that his predecessor Milton Folds had brought in Robert E. (Bob) Glover from Tennessee and appointed him Associate Director in charge of prospect development and site selection services. Glover remained in the position throughout Leak's tenure, working at the SDB for 10 years during which time he organized and directed South Carolina's first computerized economic development management system. After his tenure as Associate Director of the SDB, Glover choose a career path of building on his computer technology experience in combination with site location work and enterprise development for locations that wanted economic development. This led him to the point of creating The Network in the mid-1990s. The SDB is now the South Carolina Department of Commerce.
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The following Google/.network search engine is provided so that you can search for more answers to questions about enterprise and economic development. We recommend searching the Global Registry of Contacts if you have questions about resource and service provides and how to find them. For example, you can search the GRC for Bob Leak and find out where he is and what he's doing today. Of course, you can also search for contacts here ...

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SEARCH the .network Site Location Assistance website
SEARCH the .network Find Me Here website
SEARCH the .network Economic Development website
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W. Milton Folds left South Carolina in 1976 to become the head of the Georgia Department of Industry and Trade (1977) which is now the Department of Economic Development (2004). Folds was an outstanding professional in the field of industrial development for many years. He developed successful working relationships with corporate leaders at the highest levels. He retired from economic development to become an senior executive with Kimberly-Clark after directing state-level programs in both South Carolina and Georgia.

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What you searched for is on this page.

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Basic economic development courses, once called basic industrial development courses, are offered in various places. To learn more about them and where they are available, copy and paste ... basic course economic development ... in the search box below and Google.


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For more about economic development education try the following keyword combinations:

education courses economic development

economic development institute

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