Current economic realities provide governors a unique opportunity to review their states’ economic landscapes and propose critical changes to consolidate and streamline their approaches to economic development, according to an issue brief released today by the National Governors Association (NGA).
Redesigning State Economic Development Agencies and the accompanying white paper focus on actions states are taking to redesign their economic development agencies to make them more effective. Three strategies that can increase the effectiveness of economic development agencies include:
- Engaging and sustaining private sector involvement;
- Encouraging collaboration; and
- Creating an evaluation system.
To read the original article: States Finding New Ways to Organize Economic Development Agencies