With high unemployment rates and the critical need for job creation, performance indicators for economic development activity are needed now more than ever.
Richard A. Bendis, President and CEO, Innovation America and Les J. Cranmer, Senior Managing Director, Studley, Inc. (Fall 2011)
The four legs of the economic development stool: attraction efforts (luring new employers to an area); retention efforts (keeping employers in the area and assisting them to grow); reinvention efforts (providing assistance to employers undergoing change — think Bell Labs, Kodak, Polaroid); start-up growth efforts.
To read the full, original article click on this link: Global Innovation Trends Impact the Business Location Process | Area Development Online
