Monday, September 01, 2003
Greensboro Economic Development Partnership expects to spend about $500,000, or 45 percent, of its annual budget over the next five years on retention.
According to EDPro Andy Burke, head of the Partnership, the budget will be spent on salaries, overhead, and a "massive database system" that will help business retainers make more targeted calls on companies.
The big three chambers in the Triad have also undertaken a 4,000-firm survey to cultivate valuable information for retention and expansion efforts.
Some Background on EDPro Weblog
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.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Greensboro increases its commitment to retention
