If You Could Live Anywhere by Melody Warnick – A Must Read for Economic Developers If you could live anywhere, where would you live? That question used to fall into the same category as “what would you do if you won the lottery?” or “if you could have dinner with anyone, living or dead, who …
Almost all U.S. businesses are small businesses (99.9%) and more than half do not have a succession plan. Yikes! Additionally, 40% of small business owners are baby boomers who are retiring at a rate of 10,000 per day. Double Yikes! Succession planning should be part of a comprehensive BRE strategy to retain businesses in your …
Moore County earned the designation of Certified Entrepreneurial Community® in July 2022. The initiative was sparked during a feasibility study to redevelop a building into an entrepreneurship hub. That project uncovered assets and opportunities to grow the small but burgeoning entrepreneurial ecosystem in Moore County. Entrepreneurship can be a key economic development strategy for Moore …
Moore County Designated a Certified Entrepreneurial Community® Read More »
The theme of this year’s forum was COVID Accelerated Everything – What’s Next? We dove into how COVID has impacted industrial real estate, entrepreneurship, city planning, family friendly workplace policies, and a host of other topics. This year we gave out copies of Adam Grant’s book Think Again. It is apropos given our theme and …
One of an economic developer’s roles is to educate local officials on economic development principles, best practices, and trends. We have had some discussions lately on how to help local officials understand the different wage metrics that can be used for incentive and grant programs. The terms average wage, manufacturing wage, poverty wage, and living …
Wage Measures 201 –Educating Community Stakeholders on this Important Metric Read More »
We hope you pick up a sweet tidbit or two from the Top 10 Things We Learned This Year. You know we are avid readers. We know you are too, because our most read blog each year is “Summer Reading.” There are many good recommended reading lists, but our favorite is Adam Grant’s. Childcare is …
Top 10 Things We Learned This Year – Holiday Video 2021 Read More »
As the end of the calendar year draws near, many economic developers are thinking about how to spend that big bonus check. Others are wondering how to convince their EDO to create a bonus plan. It is also the time of the year to think about salary raises for you and your staff. We have …
If you are one of the 52% of workers who are considering a job change this year or the 44% (Fast Company) who have plans in place, then you need a plan for your first 30 days on the new job. The first days of a new job are a whirlwind of meet and greet, …
Top 10 Things to Do in Your First 30-Days on the Job Read More »
Now more than ever before, communities are looking for growth in economic activity to “get back to normal’. Opportunities for new investment and jobs often means developing a clear communications strategy to brief local and state government partners on the potential for the project, or even to advocate for public investments or actions to support …
It is hard to imagine in our lifetimes a summer more anticipated and full of promise than the summer of 2021. Opportunity and possibility are everywhere we look, especially when compared to last year when the world seemed so closed and unpredictable. Books may be a part of your plans for a sweet summer or …
We like to see data. Reading data just doesn’t paint the same picture as data visualization. With a keen focus on the unemployment rate over the last 15 months, we wanted to see what was happening across our primary market (NC, SC, and VA). Like you, over the past 15 months we read about soaring …
What is the key to staying in the same position, in the same community for a long time and continuing to be successful? In a profession of musical chairs, what’s the secret sauce to longevity? We asked six economic developers who have been in the same position in the same community for more than 20 …
The Secret Sauce to a Long Career in Economic Development – Advice from the Best Read More »
Disruption in the economy, changing marketing and communications strategies, and growing/declining sectors make this a good time to update your strategic plan. Which sectors should I focus on? What marketing strategies are best now? What’s the best way to help small businesses recover? These are a few of the questions our clients have been asking. …
Creative EDC has a Back Office Suite of Services for EDOs that allows you to stay focused on the important tasks each day. We developed the back office to support research requests, surveys, reporting, content development, and other short-term projects. Maybe you’ve thought about hiring a part-timer/freelancer but hesitated because you would have to spend …
Ever wish you had a back office to tackle your to-do list? Read More »
Ensuring your economic development organization has a competitive pay and benefits structure is critical to recruiting and retaining talented people. With 38% reporting retirement plans within the next 10 years, it’s more important than ever for economic development organizations (EDOs) to evaluate compensation structure to recruit future talent and keep the pipeline strong. This survey, …
2021 North Carolina Economic Development Salary Survey Read More »
