Saturday, May 22, 2004
Business leaders in Nebraska are continuing to discyuss how the state should update its economic development incentives. The challenge is to update the incentive strategy to move toward more knowledge intensive businesses.
At the foundation, this change is far more than meets the eye. Shifting incentive strategies involves more than moving from "traditional manufacturing" (whatever that means) to "high tech" (whatever that means). Instead, the real shift should be from luring companies to educating individuals.
We need to be improving our skills continuously. Yet, incentives are still based on older concepts of subsidizing investments for developers and companies.
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.