If the local economy is a game of hockey, economic developers aren’t the players. We are not offence, defence, nor goalies, and we certainly aren’t the team manager, coach or referee. We’re the Zamboni.
In our second episode, the MDB Insight team traveled to Toronto for EDCO, the Economic Developers Council of Ontario conference, to ask our colleagues: "How do you prove the value of economic development?"
One of the biggest challenges in the economic development field is convincing council and the community to invest. For most people, it's easy to justify long-term investments into infrastructure or essential services, but people have a harder time wrapping their heads around the less tangible – and harder to measure – benefits of economic development projects. This means that when money is tight, ours is often the first department to be cut.
So how do we change that? Economic development helps keep jobs in the community, which keeps people in the community, who pay taxes used to fund everything from bridges to broadband to business retention. When you cut EcDev, everything suffers.
This time on Insight, we hear from experts all over Ontario about how communicating the value of economic development is a crucial part of building strong and prosperous communities. You'll hear advice from Robert Lamb (CAO, Township of Brock), Michelle Samson (EDO, City of Vaughan), Richard Allen (Manager of Economic Development, Frontenac County), Ann Weir (Economic Development Manager, United Counties of Leeds & Grenville), Rob Nolan (Director of Economic Development, City of Brockville), Jason Felix (Economic Development Manager, Township of Ignace), Belinda Wick-Graham, (Manager of Economic Development, Town of Minto) and Mayor George Bridge (Town of Minto).
Insight: Canada's Economic Development Podcast is presented by MDB Insight and produced by Derek Harrison. Each episode explores the economic development field in Canada. We will celebrate the work of professionals across the country, feature news and thought leadership from across Canada and dig into some of the most interesting (and important) topics in economic development today.
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