Insights and Incentives
Unravel the Complexities of Incentives and Economic Development with Expert Guidance
Economic development practitioners know it’s essential to learn how to work with what you’ve got to win. Framing community assets in ways that win projects is important and often challenging. The landscape of funding opportunities, incentive management, and economic development legislation is ever-changing and can be daunting for businesses and economic developers. At Hickey Global, our team’s hands-on expertise and global reach empower you with the knowledge and resources to make informed decisions, driving growth and success for your community.
In addition to providing insights and guidance related to your unique community through our assessments and analysis, Hickey Global offers customized training sessions on mission-critical subjects such as site selector engagement, project preparation, and analytics.
Typical offerings of this service area include:
Site Selector Engagement – This Hickey Global strategy helps communities identify their assets and package them in ways that get site selectors’ attention, resulting in more winning projects. Our work is guided by input from Hickey & Associates, the world’s largest independently owned site selection firm.
Mock Site Selection – In partnership with our sister company, Hickey & Associates, our team helps communities perfect the process of working with site selectors to win projects. This covers everything from site and building inventory and proposal preparation to on-the-ground roles and responsibilities that keep processes moving smoothly from start to finish.
Diversity & Inclusion Strategies – · Diversity and inclusion are essential drivers of economic growth and prosperity. Hickey Global helps communities unlock their full economic potential and build more equitable and, therefore, sustainable futures by leaning into the unique qualities of strength discovered when all members of the community are invited to participate in and benefit from the economic development process.
Incentive Benchmarking – If you think your incentives are attractive to companies but are unsure of how they actually measure up against the competition, take the guesswork out of your incentive-enticed attraction and retention. Our benchmarking process objectively compares your community’s incentive portfolio against markets comparable in size, location, and industry mix to provide a clear benchmark against which to measure incentive performance.
Incentive Program Desgin – This offering reviews current credit and incentive offerings in a competitive environment, measures internal compliance requirements, and offers insights for developing new and more effective tools while guiding communities through adding protections for the local economy.
Trend Insights – Focus your business development targets on global market activity and trends that create space for your community to shine.