Rochester gets new economy initiative moving...but in what direction?
Saturday, November 23, 2002
A year ago, the business leadership in Rochester, NY established Greater Rochester Enterprise (GRE). In September, the GRE recruited Micahel Finney from Michigan to lead the organization. (Finney was formerly vice president of the Michigan Economic Development Corp.~{!/~}s emerging business sectors division.) last week, the board approved Finney's first budget.
GRE's goal is to invest $14 million over five years to attract new companies and jobs to the region. The plan calls for spending $2.6 million next year. Learn more. Go.
It will be important to see if GRE extends its activities beyond recruitment. Some of the early indications are not promising.
For example, a portion of next year's budget will be used to advertise in corporate real estate magazines such as Site Selection and Plants Sites and Parks...not a very productive way to promote a region. Rochester should be looking to EDPros in San Diego, Phoenix and Pittsburgh for some better ideas.
Visit the GRE web site. Go
posted by Ed Morrison |
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The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
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Rochester gets new economy initiative moving...but in what direction?
