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The practice of economic development is changing!

April 16, 2014View for printing

Most community EDOs ignore this data and do not invest disproportionately in meeting the needs of current employers. In a large part, this is because retention and expansion results do not provide the political capital (media coverage and optical perception of success) that a good old-fashioned ribbon cutting ceremony does. And, because better meeting the needs of existing companies is fairly ubiquitous making it a real challenge to demonstrate the value of the economic development profession. Which, in turn, makes it a challenge to secure operational funding.

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