Why Economic Development?

Presentation to

Fayette County Chamber of Commerce

by Kevin Shea, PresidentGeorgia Economic Developers AssociationThursday, July 29, 2015

The creation and or sustaining of

Jobs & Investment (wealth)

Improvement in Quality of Life

Definitions

… “a process that influencesgrowth and restructuring of aneconomy to enhance the economic well-being of a community.”

High employment Sustainable growth Technology transfer Entrepreneurship Brownfields

Business Retention and Expansion

New Business Recruitment

A Growing, Vibrant Community

Or NOT

Which Do You Want?

Industrial (mfg./dist.)

Film Tourism Entrepreneurship

Types

LandLabor (Workforce)Capital (Financing)

Factors of Production

Sites

Buildings

Infrastructure

Roads Water & Sewer Utilities Communications

What’s appropriate?

Best practices?

Incentives…

Pride in your community

Build relationships Prospect visits Confidentiality

Best Practices

GEDA.org

Member registration/renewal Committee information Committee sign-up Event registration Job Center Photo galleries Acronyms page GEDA Gazette newsletter Library of documents Other good “stuff”

Upcoming Events

Money!

GEDA provides more grant money to members for professional development GEDA Annual Conference & Spring Workshop IEDC Events (Training sessions, Annual Conference, CEcD Exam) Economic Development Institute Georgia Tech Basic Economic Development Course (March 10-13, 2015) Community Development Institute International Trade Missions

Contact: Saralyn Stafford, DCA, 404-679-3166; Saralyn.Stafford@Windstream.net

Opportunities

Join GEDA!

Attend Meetings!!

Get involved!!!

What Did I Miss?

The only stupid question is the one left unasked.