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Posts Tagged ‘Initiatives’

Economic Development Website ROI

The job of an economic development department is to increase the tax base by attracting and facilitating business growth. Why does the department need an investment attraction website to do this?

How can the department justify an investment in developing or enhancing a website, when funds for new initiatives are so hard to come by? In other words, what is the ROI?

The answer lies in articulating the critical role of economic development, realizing the unique tasks that can be supported by a website to carry out that role, and then evaluating the success of your site in supporting those tasks.

Advantages and Risks

First of all, economic development expenditures are justified by the need for a community to expand its tax base and re-invest in the quality of life for all who live there. An increased tax base is made possible by new and/or expanding businesses. They enable a community to sustain (more…)