Econ Dev Show Podcast - Economic Development 151: Economic Development Scorecards Simplified with Kathleen Rose
Nov 25, 2024
26:18
In this episode of the Econ Dev Show, Kathleen Rose, drawing from her 30-year experience and family background in development, discusses the evolution of economic development planning from lengthy reports to actionable scorecards. She emphasizes the importance of practical implementation over extensive planning, sharing how her firm helps communities move from aspirational ideas to concrete actions through data-driven approaches and efficient resource allocation.
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10 Actionable Takeaways for Economic Developers:
- Replace lengthy reports with concise, data-driven scorecards to track progress
- Focus on implementation strategies rather than just creating plans
- Build stronger partnerships with the private sector for effective execution
- Use scorecards with 90 data points to guide decision-making
- Consider cost-effective snapshot assessments before investing in expensive plans
- Create practical "recipe books" for implementing strategic plans
- Align economic development goals with existing comprehensive land use plans
- Prioritize action-oriented documents over aspirational planning
- Update and track progress regularly using measurable data points
- Focus resources on specific annual priorities rather than trying to do everything at once
Special Guest: Kathleen Rose.
Sponsored By:
- Sitehunt: Sitehunt is an AI-enhanced platform that helps economic developers build a comprehensive property database, enabling informed decisions and efficient RFI responses to accelerate site selection and project success.
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