MANAGING ECONOMIC DEVELOPMENT ORGANIZATIONS ANNUAL BASIC ECONOMIC DEVELOPMENT COURSE UNC CHAPEL HILL RONNIE L. BRYANT, CECD, FM, HLM PRESIDENT & CEO CHARLOTTE REGIONAL PARTNERSHIP AUGUST 2, 2018 MANAGING AND EVALUATING AN EFFECTIVE EDO • Overview • Trends in Economic Development • Types of Economic Development Organizations Public • Private • Public-Private • • Summary • Case Study • Relevance and Sustainability 1
ECONOMIC DEVELOPMENT OVERVIEW Productive Advancing Creating Use of Private High-Quality Resources Enterprise Jobs Increased Prosperity Generating Broadening New Personal The Tax Income Base TRENDS IN ECONOMIC DEVELOPMENT Performance Benchmarking Evaluation Social Media Return Globalization On Regionalism Investment Business Retention & Economic Expansion Gardening 2
TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS - PUBLIC How to be an Innovative and Entrepreneurial Public Sector Organization • Catalytic & Facilitating • Anticipatory • Community-Owned • Decentralized • Competitive • Market-Oriented • Mission-Driven • Enterprising • Results-Oriented • Customer-Driven Source: Osborne & Gaebler TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS - PRIVATE Chambers of Commerce • Membership services (publications, networking opportunities, entrepreneurial training, and public relations • Business marketing • Business advocacy • Job training • Neighborhood and downtown revitalization • Business advocacy • Regulatory reform Community Development Community Development Corporations (CDCs) Financial Institutions 3
TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS – PUBLIC-PRIVATE Policy Leadership and Liaison Business Development Focus Area (Product) Improvement Staffing Legal Status Governance Powers Funding TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS – PUBLIC-PRIVATE • Advantages • Disadvantages • Less politicization • Limited accountability • Freedom of hiring • Negative influence • Ability to take risk • Restriction of actions • Ability to expand on government powers Public-private organizations minimize many of the • “Straw man” role problems, and retain many • Resources, knowledge of the advantages of and public support organizations in both • Broader range of sectors experience • Financial flexibility 4
REFERENCE MATERIAL Introduction to Economic Development International Economic Development Council Managing Economic Development Organizations International Economic Development Council Eadie, Douglas C., Leading out-of-the box Change: The Chief Executive’s Essential Guide to Achieving Nonprofit Innovation and Growth . (2012) Covey, Stephen R., The Seven Habits of Highly Effective People: Powerful Lessons in Personal Change, (New York, Simon & Schuster, 1989) SUMMARY Remember: Your responsibility is to create an organization that enhances quality of life by creating new Ronnie L. Bryant, CEcD, FM community and President & CEO business wealth Charlotte Regional Partnership rbryant@charlotteusa.com 5
CASE STUDY BEDC ACTION PLAN PRESENTATION UNC Chapel Hill Basic Economic Development Course August 2, 2018 CASE STUDY Group One August 2, 2018 6
CASE STUDY Group Two August 2, 2018 CASE STUDY Group Three August 2, 2018 7
QUESTIONS/CONTACT INFO 8
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