Monday, July 09, 2007
Social Compact completes an interesting analysis of inner city neighborhoods. Called a "DrillDown", the report examines market opportunities that are currently unmet. In simpler terms. the reports analyze how to reduce the flow of money from a local economy -- how to plug the leaks.
Recently, Social Compact completed an anlysis of Cincinnati. Read more. You can download a copy of the report here.
These DrillDown reports follow a common sense focus in economic development. Here, for example, is a U.K. site called Plugging the Leaks. By plugging the leaks, you increase the local economy multiplier.
Rural regions are starting to look into this strategy, especially in areas of food and bio-fuels.
posted by Ed Morrison |
links
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.
Cincinnati's DrillDown report
