This report, published by the Hickey Institute, highlights key challenges faced by regional economic development organizations (EDOs) and offers strategic solutions to improve their effectiveness. Regional EDOs play a crucial role in bridging communication gaps between state and local stakeholders, providing comprehensive data analysis, and advocating for regional priorities. However, common pitfalls can hinder their success, making it essential to establish clear procedures, maintain trust, and articulate their value.

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Key report highlights:

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• Lack of Standardized Procedures

• Finding Consensus & Advocacy

• Broken Trust – Building Collaboration

• Navigating Data Gaps

• Articulating the Regional Value-Add

 

Regional economic development organizations play a vital role in shaping economic opportunities, but they must proactively address challenges to remain effective. By standardizing procedures, fostering trust, leveraging data, and clearly articulating their value, regional EDOs can position themselves as indispensable drivers of economic growth.

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