Social Media’s Role in Economic Development
We often hear the term “tourism is the front door to economic development," and we started thinking about how digital marketing and social media can help boost the growth of businesses. If you are an economic development professional who is interested in learning more...
Helping Small Businesses Support the Economy
Cities and towns often think of creating a burst of economic opportunity by attracting large employers to their communities. However, this strategy can also lead to the municipality putting all its eggs in one basket. This approach can also create a risk of not...
Ways That Economic Development Improves People’s Lives
What is the definition of quality of life? Most people do not have an answer. However, some would say that it refers to the degree to which a person is able to participate in and enjoy life events. In healthcare, it is the comfort of the individual that matters most....
Taking a Look at the Business Cycle
What Is a Business Cycle? A business cycle is a type of economic activity that occurs when the country's long-term growth rate changes. It explains the contraction and expansion of economic activity that the economy experiences over time. A business cycle can be...
Tips for Economic Developers
The goal of an economic developer is to create a conducive environment for businesses to operate and retain quality workers in their region. This can help boost the local economy and provide a variety of benefits to the community. In addition to creating jobs, it can...
Inspiring the Youth to Become Entrepreneurs
The rapid technological change that has occurred over the past couple of decades has greatly impacted the job prospects for our children and future generations. It’s estimated that up to 30% of jobs could become obsolete in the next two decades. In addition to these...
Larger Economic Benefits of Starting a Business
You might envision yourself one day creating a business plan and launching a product or service line. Starting a small business is a great way to boost the local economy and make a difference in your community. It Employs Local Workers The most important benefit of...
Economic Development Incentives
Economic development incentives can play a vital role in deciding if a company decides to proceed with a major investment. However, many companies do not understand the ins and outs of a multi-state incentives negotiation. This blog aims to help companies navigate the...
Becoming a Recognizable Brand
Brand recognition is the ability of people to identify a brand based on its attributes. There are a lot of steps that a new company has to take in order to build brand awareness and get recognized by its customers. One of the most important factors that a company has...
Understanding Economic Development: Part Two
Economic development plays a vital role in the health of our communities and in creating jobs for individuals. This post explores additional ways to support this initiative. If you live in a community that lacks sufficient lenders for small businesses, you might want...