social media for economic development : american and international best practices

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IEDC Conference 2010 Columbus, OH Social Media For Economic Development : American And International Best Practices Isabelle Poirier President

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IEDCConference 2010

Columbus, OH

Social Media For Economic Development : American And International Best Practices

Isabelle PoirierPresident

Active In Regional Economic Development Strategies Since 1998

Develop economic development investment strategies and lead generation solutions from coast to coast in Canada

Instruct EDOs on the site selection process and on promoting their region to get in the radar of investors and site selectors

Business IntelligenceCompetitive IntelligenceInternet Intelligence to..

We apply:

2

Intelegia’s Interest With Social Media

From Fad To Fact…

Key Facts On The Use Social Media For Economic Development

Source: Intelegia©, 2010.

Percentage of Pages With Appearance of The Phrase “economic development” On Web 2.0 Platforms (August 2010)

(Total Amount of Pages = 2 365 702)

Flickr

Blog66%

LinkedIn23%

Facebook10%

YouTube1%

Twitter

Blog

Facebook

Twitter

LinkedIn

YouTube

Flickr

What Is Marketing 2.0 For Economic Development?

What is Marketing 2.0?

Broad definition: • The use of social media tools to communicate

your “value proposition”

For economic development:• The use of social media tools to communicate

that your region (agency) is “knowable”

What Are The Next Generation Of Eco. Dev. Doing?

Classical Approach• Wait for traditional media

coverage for exposure

• Attend 1 to 3 national and international events in person per year

• Connect with potential investors via their business network (little black book of contacts)

Innovative Approach• Share insights via Twitter

and blogs to raise awareness of their region

• Organize and participate to conferences or interviews on social media platforms like talkshoe.com on a monthly basis

• Connect and engage on LinkedIn (6 degrees of separation (50 M potential contacts)

International And American Best Practices Of The Use Of Social Media For Economic

Development

International Best Practices – Blog – Invest In UK (United Kingdom)

Edmonton Economic Development Corporation – Facebook – Currency of Posts

International Best Practices – Videocasts - Hamilton Economic Development

International Best Practices – Blog - London Economic Development Corporation

International Best Practices – LinkedIn – Invest in Brisbane (Australia)

American Best Practices – Facebook – Hudson Valley Economic Development Corporation (New York, USA)

American Best Practices – Twitter – Levelland Economic Development Corporation (Texas, USA)

American Best Practices – YouTube – Enterprise Florida, (Florida, USA)

American Best Practices – Blog – Owensboro Economic Development Corporation

What We Have Learned From Canadian EDOs

Key Insights

Content sharing on social media tools allows organizations to keep their audience informed without waiting for media coverage

Level of adoption from within is increasing

Agencies are learning to deal with negative

postings

Executive buy-in is still essential and growing

EDOs are routers for business information and activities

Download Report : www.intelegia.com

Connect with Isabelle Poirier on LinkedIn