Economic 

Development 

Services

Experience

GlobeSite, its principals and our partner firm, IDC (IDC International Development Consultants, LLC) have had extensive economic development, research and consulting experience with public and private clients in many areas of the United States and abroad. This includes investment strategy and implementation programs in Ohio, California, Colorado, New York State, Pennsylvania, the Dominican Republic, Venezuela, central and southern Africa, Lebanon, Saudi Arabia, Jordan, Egypt, South Korea, Indonesia, Malaysia and others countries.  

Our clients have included international agencies, national governments, and various public sector entities at the national, regional, state and local levels.

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Services

	Industry linkage and cluster analysis
	Formulation of  competitiveness strategies
	Economic impact assessments
	Evolving workforce requirements
	Smart growth and economic sustainability programs
	Investment strategies and programming
	Targeted sector promotion strategies
	Multi-jurisdictional regional cooperation programs; and
	Public-private finance strategies for major economic sectors.

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Markets

The main sectors and markets addressed by GlobeSite and its prime affiliates include:

1. Local and national tourism development 

2. Research technology parks and business incubators 

3. Free trade and enterprise zones 

4. Military installation expansion or reuse

5. Regional and statewide development and growth management 

6. Urban growth and redevelopment programs

7. Large scale land development

8. Public-private infrastructure financing

9. Manufacturing and various processing industries, and

10. Regional utilities expansion.

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Major Challenges & Emerging Issues

Small towns, cities, regions, states and national governments everywhere are beginning to see that to effectively compete and succeed in insuring economic prosperity for their citizens, public and private groups must creatively address and management the impacts of rapid technological change and global market forces.  Summarized below is an outline of some of the key “cross cutting”  emerging economic development concepts being considered by communities as they seek to address these major forces 

	Assuring Technological Preparedness in Workforce Training
	Harnessing Public-Private Partnerships
	Using Economic Development Strategies To Drive Infrastructure Investment
	Development of Incentives and Regulations for Smart Growth
	Understanding and Applying Sustainable Development Policies
	Capturing and Promoting Community Quality of Life Resources
	Using Green Infrastructure as a Public-Private Investment Catalyst
	Planning for Shared Regional Services and Development Promotion
	Preparing the Competitive Certified Community
	Structuring and Promoting Business Incentives
	Encouraging Brownfield Redevelopment and Community Revitatization
	Promoting Foreign Direct Investment

GlobeSite welcomes the opportunity to assist your community or organization in creatively addressing and effectively responding to these major economic development challenges. Our approach in providing assistance is outlined below.

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Approach

Our experience has shown us that a variety of significant issues or concerns are often critical in determining the scope and timing of assistance needed by public or special purposes agencies responsible for economic development. GlobeSite’s approach to providing economic development assistance, therefore, is tailored to the unique circumstances of each client, whether local, regional, statewide or at the country level.

Some of the key issues and concerns often encountered include budgetary and  other resource constraints, degrees of community and business involvement or support and various intergovernmental, legal or political issues which must be considered in assuring success. 

GlobeSite works with communities, therefore, to insure that our services and approach are addressing key community issues at the beginning and throughout the economic development assistance process. 

Generally, however, we have found that in working with varied economic development groups there certain generic steps and tasks often needed. Although these often overlap or are combined, as a general guide we have found it useful to insure that the following 15 elements are addressed:

1. Define & Mobilize Stakeholders

2. Seek Agreements on Processes & Outcomes

3. Insure Transparency & Inclusiveness in Processes

4. Inventory Local & Regional Resources

5. Determine Global, Regional & Local Trends

6. Define Competitiveness Advantages & Deficiencies

7. Develop Strategic Vision, Goals & Objectives

8. Define Key Issues of Conflict & Agreement

9. Formulate Development Alternatives

10. Evaluate Resource Requirements & Constraints

11. Seek Broad Consensus on Recommended Approaches

12. Define Implementation Phases & Key Group Involvement

13. Formulate Near Term Action Programs & Steps

14. Mobilize Action Teams, and

15. Integrate Action Programs within Existing Groups

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