The process of economic development – the creation, attraction and/or retention of jobs and investment has become intensely competitive, a reflection of overall market conditions in the wake of today’s recession. Companies are driven by their competitive imperative to cut costs – now more than ever – on an urgent basis. However, like any purchase decision, cost is rarely the only factor.
ATTRACT, BUILD, RETAIN AND BENEFIT FROM BLS’ EXPERIENCE
Economic developers seeking to attract or retain jobs and investment benefit from our understanding of the location decision making process and our experience designing and implementing targeted industry initiatives, incentives benchmarking and program design.
BLS has counseled public sector clients at both the state and local levels on economic development strategies, focusing on the design of innovative incentives programs and the packaging and marketing and implementation of incentives financing mechanisms to achieve maximum leverage and efficiency in achieving community goals. BLS has developed strategies for municipalities and economic development organizations to help steer efforts in strengthening the local economy. BLS provides a seamless turnkey team to address all of the competitive, analytical, strategic and marketing aspects of the project, and at the appropriate time, to manage or support an active campaign for economic growth.
COMMUNITIES ARE PRODUCTS
BLS perceives communities as products; like anything else that is procured, places offer features, provide benefits, confer value and can be branded. And we understand the importance of distinguishing a community based on costs and value as well as sustainable qualities of a community, which is a place to do business; a place to recruit and develop talent; and a place to live.
OUR SERVICES ALIGN WITH YOUR NEEDS
We understand the economic developer’s and their community’s goals. And drawing from our vast experience, we can help you meet your community’s goals. Our economic development advisory services include, but are not limited to, the following:
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Competitive Positioning Analysis
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Incentives Program Design
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Incentives Benchmarking
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Retention Strategies
