economic development deal-making toolkit

Post on 25-Jun-2015

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Some of the tools an economic developer should have in their toolkit and how those tools were used to land a project. Presented by Will Davis at the 2014 VEDA Conference.

TRANSCRIPT

Which Tools

EconomicDevelopmentStrategy

1.

Which Tools

SpecificTargetMarkets

2.

Which Tools

Available Sites And Buildings

3.

Which Tools

World-ClassCustomerService

4.

Our Economic

Development

Strategy

MissionGoalsObjectives

1.

SpecificTarget MarketExamplesFoodDistribution & LogisticsAdvanced Manufacturing

2.

Watkins Centre

Meadowville

Areas for Food Targets

Airport Ind. Park

Walthall Area

Available Sites & Buildings3.

World-Class Customer Service

Immediate AssistancePractical Incentives

4.

Putting theToolboxto work

Landing aPaper Giant

$2 Billion2,000 Jobs

Attraction Strategy

A University ConnectionIntense CollaborationPublic & Private Allies

1.

Matched Target

Advanced ManufacturingLarge EmployerHuge Investment

2.

Available Manufacturing Site

JamesRiver

IndustrialCenter

850-Acre Site

3.

World-Class Service

All Hands on DeckLogistics & VisitsHand-holding

4.

Practical Incentives

Technology ZoneFast-track PermittingComplete Commitment

It is amazing what you can accomplish if you do not care who gets the credit.

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