MANAGING ECONOMIC DEVELOPMENT ORGANIZATIONS ANNUAL BASIC ECONOMIC - - PDF document

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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

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ECONOMIC DEVELOPMENT OVERVIEW

Advancing Private Enterprise Broadening The Tax Base Generating New Personal Income Creating High-Quality Jobs Productive Use of Resources

Increased Prosperity

TRENDS IN ECONOMIC DEVELOPMENT

Performance Evaluation Return On Investment Benchmarking Regionalism Business Retention & Expansion Globalization Economic Gardening Social Media

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TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS - PUBLIC

• Catalytic & Facilitating
• Community-Owned
• Competitive
• Mission-Driven
• Results-Oriented
• Anticipatory
• Decentralized
• Market-Oriented
• Enterprising
• Customer-Driven

How to be an Innovative and Entrepreneurial Public Sector Organization

Source: Osborne & Gaebler

TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS - PRIVATE

• Membership services (publications, networking opportunities,

entrepreneurial training, and public relations

• Business marketing
• Business advocacy
• Job training
• Neighborhood and downtown revitalization
• Business advocacy
• Regulatory reform

Chambers of Commerce

Community Development Corporations (CDCs) Community Development Financial Institutions

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TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS – PUBLIC-PRIVATE

Focus Governance

Policy Leadership and Liaison Business Development Area (Product) Improvement Staffing Powers Legal Status Funding

TYPES OF ECONOMIC DEVELOPMENT ORGANIZATIONS – PUBLIC-PRIVATE

• Advantages
• Less politicization
• Freedom of hiring
• Ability to take risk
• Ability to expand on

government powers

• “Straw man” role
• Resources, knowledge

and public support

• Broader range of

experience

• Financial flexibility
• Disadvantages
• Limited accountability
• Negative influence
• Restriction of actions

Public-private organizations minimize many of the problems, and retain many

• f the advantages of
• rganizations in both

sectors

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REFERENCE MATERIAL

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) Introduction to Economic Development International Economic Development Council

SUMMARY

Remember: Your responsibility is to create an

• rganization that

enhances quality of life by creating new community and business wealth

Ronnie L. Bryant, CEcD, FM

President & CEO Charlotte Regional Partnership rbryant@charlotteusa.com

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CASE STUDY

BEDC

ACTION PLAN PRESENTATION

UNC Chapel Hill Basic Economic Development Course

August 2, 2018

CASE STUDY

Group One

August 2, 2018

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CASE STUDY

Group Two

August 2, 2018

CASE STUDY

Group Three

August 2, 2018

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QUESTIONS/CONTACT INFO