Friday, April 02, 2004
Here's an example of another trend taking hold. Regional economies in the U.S. are becoming more aggressive in developing connections to foreign regions. These connections go beyond single transactions or one-time visits. They are more focused and strategic than traditional sister-city arrangements.
Unlike opening a foreign office or retaining a foreign agent, this strategy entails a joint venture approach to development.
Hampton Roads Economic Development Alliance is building commercial connections to a similar regional development organization in Bremen, Germany. The working agreeemnt establishes a framework for the two regions to develop mutually beneficial commercial relationships. Read more.
posted by Ed Morrison |
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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.
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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.
Hampton Roads connects to Germany
