Client: Regional economic development corporation
Location: New York State
Result: New business moved to the area, creating new jobs and tax revenues
Value Creation & Monetization
Driving Economic Growth Through an Eight-County Development and Marketing Program
Problem:
Stagnated by lack of growth, a local economic development corporation sought help in the creation of an eight-county regional economic development and marketing program.
Solution:
The team developed and/or managed a business plan, overall strategy, national and international marketing program, staff requirements, wage levels, director search, office space requirement, furniture and office location, website, logo, as well as the five-year operating and marketing budget.
Outcome:
As a result of the program, the region is a major force in new business attraction and has resulted in the relocation of companies to the area, creating new jobs and tax revenues, and the economic development corporation won a prestigious award.