Explore topics related to transformational community leadership including economic development, non-profit engagement, organizational management, and policy development. It's a candid conversation with veterans of the economic development profession along with inspiring interviews of today's thought leaders.
DT #441 Finding Your Niche in Economic Development
Finding Your Niche in Economic Development
Economic Development is a very broad field. There are many types of organizations and a lot of different areas that you can focus on. In this episode, Dennis and Broderick compare and contrast the different types of economic development organizations from one-person offices to the corporate world.
Pros and cons of being part of a smaller organization
Fewer resources Smaller budgets More opportunities to make a direct impact Opportunities to work in many areas Larger organizations also have their pros and cons
More resources Larger budgets Opportunity to specialize in an area Harder to make a direct impact Easier to get lost in the shuffle The IEDC Certification process is a good way to learn about many areas of economic development.
Core Competency courses (all four required):
Introduction to Economic Development or Basic Economic Development Course (BEDC) Business Retention and Expansion Economic Development Credit Analysis Real Estate Development & Reuse Elective Competency Courses (minimum of 2):
Economic Development Finance Economic Development Marketing & Attraction Economic Development Strategic Planning Entrepreneurial and Small Business Development Strategies Neighborhood Development Strategies Management Economic Development Organizations Technology-led Economic Development Workforce Development Foreign Direct Investment & Exporting
DT#440 Mark Perna Career Trees
Friend of the show Mark Perna is back to discuss the Career Tree concept he developed to help students understand local career opportunities.
What is a career tree? What was the genesis for the Career Tree concept? How is a career tree developed? Career Tree is more than just a poster that hangs on the wall The process of how Career Trees are used in schools What age groups are best suited for the Career Tree? How can economic development groups play a role in the Career Tree process? Career Trees
DT#439 IEDC President Nathan Ohle
Dennis is joined by IEDC President Nathan Ohle, and they reflect on Nathan's first year as the president of IEDC.
How has IEDC changed and evolved over the past year Strategic partnerships that IEDC has forged and developed The Equity in Economic Development Fellowship Program Economic Development Administration Announces Cooperative Agreement with IEDC and Partners IEDC Hails $1.12 Billion in Funding for the Economic Development Administration (EDA) An update on the IEDC strategic planning process Has anything surprised Nathan in his first year as IEDC President? What is next for IEDC? How can members become more plugged into IEDC? 2023 IEDC Conferences
JANUARY 29 - 31, 2023 2023 Leadership Summit in Tucson, Arizona
JUNE 21 - 23, 2023 2023 Economic Future Forum in Calgary, Alberta
SEPTEMBER 17 - 20, 2023, 2023 Annual Conference in Dallas, Texas
DT#438 Key Performance Indicators
In this episode, Dennis and Broderick discuss measuring the performance of your economic development organization. What should you measure, how should you measure, and what are the advantages and disadvantages of measuring and reporting for you and your organization?
Background – Economic developers are, by nature, inquisitive. Typically, we use data on a regular basis, and there is a fundamental understanding of the importance of measuring performance. However, in this field, measurement can be more complex.
There have been recent studies on the topic (IEDC “Measuring Success: Performance Measurement Survey – 2014” and the Center for Regional Economic Competitiveness “Redefining Economic Development Performance Indicators for a Field in Transition” – 2017) highlighting how economic development leaders have started to seek indicators that fully capture and measure the range of activity they are involved in.
There has been a transition from the almost exclusive emphasis on job creation/retention and capital investment to a more nuanced measurement system that considers and captures the following:
Consequences/feedback Meaningful Benchmarks Actionable Items Qualitative Outcomes
DT #437 Fearless Predications For 2023 With New Co-Host Broderick Green
Fearless Predictions for 2023! with new co-host Broderick Green. Dennis and Broderick pull out the Develop This! crystal ball and fearlessly predict the future.
Primary areas economic development professionals should focus on in 2023 Is the economy speeding up or slowing down? Where is the country headed politically? Thoughts on the world and its impact on economic development Broderick Green Executive Director Arlington Economic Development Corporation
Connect with Broderick
DT #436: Encore show - Economic Development Insights with Jay Moon, CEcD, FM, HLM
Enjoy this encore show from August 2020.
Jay Moon is a veteran of the economic development industry with roles that span a variety of key positions-including, a volunteer position as the former chair of the IEDC board of directors.
In this episode, Jay provides insight into disaster recovery, incentives, supply chains, and future skills needed in the economic development profession.
Connect with Jay Moon
A Worthwhile Listen
Started listening to this years ago when I began in the business world. They offer a wide range of topics and although they don’t all align with what I’m currently doing, it’s been valuable to hear their well reasoned and insightful views.
Excellent Podcast for Those in Economic and Community Development
I recently became aware of this podcast at an IEDC conference and I’m so happy I did. The conversations and topics are very relevant to the work we do and the length of episodes is perfect. I will definitely be sharing it with my colleagues.
Great industry podcast. Kudos to the guys for taking this on and providing the insights that we all benefit from.