![]() |
![]() |
![]() Monday, March 03, 2003 Economic development organizations (EDO's) are no different than the rest of business or government...over time, they fragment and bloat. Improving how EDO's operate and collaborate will be one of our biggest challenges as a profession over the next decade. EDO's arise for all sorts of reasons. Some are designed to manage real estate. Others form inside chambers. Still others are based in city or county governments and are very sensititve to political agendas. The motivations and competence of the EDPros in these organizations vary widely. Fragmentation carries heavy risks. EDO's cost money to run, and if they are not managed effectively, money gets wasted, progress slows, and infighting breaks out. If these EDO's are not carefully harmonized, everything can start to break apart. (This is what is happening in Wichita now.) So, it makes sense to pull out a clean sheet of paper, map the different organizations in your region and what they do, and figure out if there is a better way to manage. That's what Erie County, Pennsylvania is doing. Cost savings can be significant. You might find also find that big chunks of your economic development agenda (typically business retention) is falling off the table. (That's what's happening in Charleston, SC, for example.) Most likely, you'll find that through tighter collaboration you can do a better job. As EDPros, our core challenge is changing our mindset. If we continue to think that our main rivalry comes from the next county over, or across the river, or even in the next state, we're cooked. We are competing globally now, and we need to start thinking this way. Managing collaboration is tricky and a continuous challenge. We'll need to get used to it. If we are going to move forward, EDPros need to develop these skills of negotiation, consultation, and communication. One of the leading regional economic development organizations in the country, Greater Phoenix Economic Council is confronting the loss of one of its communities. But Rick Weddle, head of GPEC, has it right: ""We think it's entirely fitting . . . that all our communities are looking at the value we add...We don't shirk from that at all. When those questions are asked, it makes us better." If you would like to start thinking about regional alliances, here's a place to start. It's a proposal in Massachusetts to establish a regional alliance in the Worchester area. The proposal gives you a good structure for outlining a case for a reginal alliance. posted by Ed Morrison | |
|
![]() |
![]() |
|||||
![]() |
![]() |
|||||||
![]() |