Saturday, February 12, 2005
Mid-sized cities and rural areas are becoming the new investment frontier for "homeshoring".
The term refers to the investments that technology companies are making in places like Oklahoma City. They take advantage of lower wages and higher productivity as an alternative to outsourcing. Read more.
It's exciting to see Oklahoma City mentioned. In 1994, I drafted Oklahoma City's first five year economic development action plan, Forward Oklahoma City. Learn more. Back when we started, few people saw Oklahoma City as a destination for technology-based firms. (Most folks were still stuck in the oil bust.) Now, ten years after we began, perceptions (and reality) have shifted in a big way.
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.
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.
Oklahoma City and "homeshoring"
