We all know the general facts about our community – largest employers, tax rates, utilities, occupancy rates – but when a major project gives you an RFP that really gets into the weeds and very little time to submit it back to them, it can feel like you’ve lost your chance at winning the project before even getting the opportunity to have a conversation with the company. Luckily, IEDC’s Site Selection Data Task Force, comprised of site selectors and various economic developers from a range of communities, has created data standards that you can research and update yearly so you are prepared when that big project comes knocking on your community’s door. However, we all know that economic development evolves at an Olympic pace, resulting in IEDC updating the data standards last month. During this webinar, the audience learned what these data standards are and we discussed whether it is worth it to do all the extra research on your community – will anyone actually ask for those figures? We also showed the audience one of Impact DataSource’s sample performance reports and explained how these reports can help show stakeholders exactly what your EDO has done to contribute to the economic well-being of your community, and give your prospects a nice, well-rounded snapshot of your economic activity.
We were joined by Amanda Regan, Vice President of Site Selection and Research for E Smith Realty Partners, who shared with us her perspective on the data standards and what EDO’s can provide site selectors with to help them be more competitive when attracting projects.
Please feel free to reach out with any questions or for more information.