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Municipal

On the Ground Economic Development Support for Towns in Connecticut

In this episode of CERCONOMY, Sadie Colcord, CERC's Municipal Services Associate, joins Courtney Hendricson, Vice President of Municipal Services, to discuss the on-the-ground economic development work being done in Beacon Falls and highlight how towns can benefit from a different approach to their economic development efforts.

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by Courtney Hendricson  |    |  Comments 

How Municipalities Can Market Commercial Real Estate Opportunities

Municipal Economic Development Marketing

Across Connecticut, CERC’s municipal and marketing experts have been helping elected officials and town staff market the available commercial real estate within their towns. As part of the team, I have discovered that the most important aspect of a successful marketing campaign is a multi-faceted, multimedia approach to remind people of the local development opportunities that exist. To illustrate this, let’s look at one of the smaller towns we are currently working with to execute a marketing campaign. Without marketing, the town would probably not be top of mind for a developer or broker in Connecticut because of its small size, despite its bountiful real estate opportunities, skilled workforce, and well-connected transportation system.

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by Sadie Colcord  |    |  Comments 

The Fundamentals of Municipal Economic Development

In this episode, Courtney Hendricson walks through the popular workshop – The Fundamentals of Municipal Economic Development – that has been delivered to over 70 towns in Connecticut. Customized to your municipality, the workshop brings together everyone involved with economic development to work collaboratively to answer what is economic and community development, who is responsible for economic development, and how is your municipal economic impacted by state, regional, and global economies.

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by Courtney Hendricson  |    |  Comments 

The Definition of Local Economic Development

In this episode, Courtney Hendricson, CERC’s VP of Municipal Services, shares the CERC definition of local economic development – retention, expansion, attraction, and creation. Learn ways that a town’s elected officials can be doing all four economic development components within the context of community character.

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by Courtney Hendricson  |    |  Comments 

Retention, Expansion, Attraction... Business Creation

We all know the foundation of local economic development as business retention, expansion and attraction. But an exciting new dimension to our traditional definition of economic development is “business creation”. What we mean is assisting entrepreneurs in our communities. What are we doing to engage and support the home-based businesses, the small one and two-person shops, the folks that are baking, tinkering, consulting and landscaping – that are experts in their skill but perhaps don’t know much about how to set up and grow a business.

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by Courtney Hendricson  |    |  Comments 

Preparing for Success in Economic Development

I recently attended the Governor’s Economic Development Forum where a nationally-renowned site selection consultant discussed the top factors that company executives evaluate when choosing a locale for the relocation or expansion of their business:

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by Sadie Colcord  |    |  Comments 

Achieving Municipal Economic Development Goals

We recently sent a letter to all of the senior level decision makers in cities and towns across Connecticut to let them know as municipal budget time approaches, CERC would like to help you achieve your economic development goals in the coming year.

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by Courtney Hendricson  |    |  Comments 

Capturing the Millennial Population

Throughout January, I attended several 2018 economic forecast presentations, and a challenge for Connecticut that was mentioned at each one is the difficulty that many towns have in growing their populations of young professionals. I continually hear about the number of jobs that are open for millennials as the existing workforce ages, while it seems like many of these young adults are leaving the state without giving it a second thought. From what I can tell about the national economy, an abundance of jobs is not unique to Connecticut, so leaders at the state and local levels must work to develop a culture that is more attractive to this generation and which builds upon those employment opportunities.

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by Sadie Colcord  |    |  Comments 

New Year, New Focus on Fiscal Health for Municipalities

2018 will be an exciting one for CERC’s Municipal Services. We ended 2017 by giving a great workshop at the Connecticut Conference of Municipalities (CCM)’s annual conference at Foxwoods where we talked with elected officials and key municipal staff about our free Fundamentals of Municipal Training workshop and our popular second phase, CERC’s patented self-assessment, that towns and cities are taking to focus on economic development priorities that will really move the needle in their community.
United Illuminating has generously provided CERC’s Municipal Services with a grant to conduct these self-assessments in 15 of the communities it serves.

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by Courtney Hendricson   |    |  Comments