Prospect ID -
Unmask Your
Website
Visitors

Flower

Posts Tagged ‘Economic Benefits’

Generating Foot Traffic in Your Downtown

It’s a constant concern of communities everywhere – how to keep their downtowns and mainstreets vibrant and busy with people.  Few goals are as important to a community’s economic development, and few successes have such a broad multiplying effect.  Increased foot traffic leads to more downtown purchases, which attract quality retailers who, in turn, generate more traffic.

To get this positive cycle of growth in motion and keep it going though, is a challenge on several levels.  First of all, whose responsibility is it?  Sometimes leadership rests with economic development officials and sometimes with a business improvement association.  But really, mainstreet success takes more than one group of people. It takes a village!

(more…)

Virtual Proposals

Economic developers the world over are trying to help their communities compete in the creative economy. Communities will be winners if they can attract and retain companies that produce new offerings that combine market uniqueness with cost effectiveness and socio-economic benefits.

So it is with the economic development profession itself. Creativity is today’s competitive benchmark. In this series of articles we have shown how the web has spawned new forms of communication and marketing processes for EDOs. Virtual trade shows, meetings and a variety of online tools help communities differentiate themselves while also reducing costs.

These modern tools can help EDOs adapt to the need for constant change, and position their communities to be on the short list of competitors invited by prospective investors to submit proposals.

(more…)