Wednesday, March 23, 2005
If you are in a rural area, one of the traditional economic development strategies to follow involves "plugging the leaks". That involves building up the retail sectors in your region, so that money circulates more extensively before "leaking out" into the surrounding regions.
Here's an example of a community in southern Ohio following this approach. They contracted with Ohio University to complete their study. Read more.
And here's a report on what smaller cities -- like Pulaski, TN -- are doing to attract retailers. Learn 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.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
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.
Plugging the leaks
