Basic Economic Development Course

I am “going back to school” this week, to take the Ohio Basic Economic Development Course. To better understand how the economic development world works, I thought I should at least take the beginner course. I have been observing economic development from a distance for about 5 years now, but I need a need a better understanding of how all of the pieces work. Topics on the agenda for the two and a half day course (with a few comments):

  • Strategic planning (how will it differ from “corporate UX strategic planning”?)
  • Community development (intersection with planning, focus on financing aspect, perhaps)
  • Finance
  • Marketing (designing experiences & marketing go well together…or butt heads)
  • Business retention & expansion (user group: current businesses in region)
  • Ethics
  • Business attraction (user group: potential businesses)
  • Managing economic development organizations (how to design good “intranet” experiences for ED teams to be effective?)
  • Small business development
  • Real estate development and reuse (the physical world, not all digital)
  • Workforce development (aka “talent”)

As one form of prep for the BEDC, I finally watched the video from my Ignite talk about experience design and economic development.

If I would have left out all of the times I said “right” then I might have had enough time on each slide. Hopefully it is not too painful to watch.

As I have looked over the agenda, and reminded myself of some ED & ED connections, here are some of the more “advanced” topics I may pursue after I am done with the “basics”:

  • Branding / marketing / selling / support: how each layer works in ED (vs. corporate) to help design across the possible silos.
  • Talent attraction & retention in a model focused on “workforce development”. Does “economic development” actually include these 2 talent aspects, or is it left to someone else (like corporate HR departments)?
  • Residents as stakeholders in ED efforts. Residents as target audiences (on par with business leaders and site selectors?).
  • Role of (information) technology in ED #1: How technology changes how ED professionals work (e.g., tools to do their jobs better).
  • Role of (information) technology in ED #2:¬†How technology is changing the global economy. A few examples: Remote workers and globally distributed companies; software start-ups with a few employees worth more than huge, “traditional” companies; 3-d printers and advanced manufacturing. Thus, how regional economic development strategies need to change in light of the global shifts. One possible example: do not think of IT as another “industry vertical” like manufacturing or solar energy. Instead, think of it as a horizontal enabler of all economic development activity in the region.