Online Data is Defining the Winners and Losers in Economic Development
Much of what worked in economic development has been disrupted, transformed, and demolished by the Internet - it's the platform on which future economic development success is built. Data has become the new information power, and technologies that use data effectively are key to economic developers seeking to attract new investment and support existing businesses. Dynamic economic development organizations that have been able to reinvent themselves are succeeding by leveraging new strategies that work with modern, global businesses. EDOs that have not adapted are failing. At the core transformation is a global transition of all modern businesses doing work using Internet technologies. These businesses are the customers of economic developers. When their customer expectations are not met by EDOs, it results in degraded economic activity for these communities. Business attraction, business retention and expansion, foreign direct investment, and entrepreneurship are all impacted by this threat and opportunity. Learn why change has happened, what is coming in the future, how to succeed in a competitive environment, and when the best time to innovate is for your organization. This session is led by global thought leaders in Internet and data-driven economic development innovation. This session will include short presentations, interactive demos, agreements and disagreements among these experts, and plenty of time for interaction with the audience and speakers.
Moderator: Pat Nicol, EDA Board Member
Introductory Remarks: Daniel Shaw, eSolutionsGroup
Panelists: Russell Riblett, GIS Planning; Chris Knight, WAVTEQ; Aaron Brossoit, Golden Shovel Agency.