Archive for the 'Economic Development' Category

Economic Development Groups On LinkedIn

Published
by
Ian Smith
on March 10, 2010
in Author-Ian Smith, Economic Development and Web 2.0
. 0 Comments

Part of having an economic development 2.0 strategy is participating in discussion groups on social networks such as Facebook and LinkedIn.  The benefits of being members of groups related to economic development are:

  • Expanding your network beyond your region and areas of expertise
  • Sharing your expertise with other professionals in the field
  • Learning from others located around the world

Below are a few groups that are on LinkedIn that the team at Intelegia are members.

  • Business Retention & Expansion International (BREI) - This group is composed of economic development professionals that are dedicated to investment attraction initiatives.  Some of the common issues that serves as discussion points are incentives programs, business retention strategies and marketing initiatives for regions.
    Level of access: Open
    Number of members (as of March 9th, 2010): 129
    Owner: Ernest Strickland
  • Economic Development Network - This group is a collection of professionals from around the globe who are concerned about the engagement of research organisations with the economy.  Recent discussion topics include the use of social media marketing applications, marketing strategies and strategic planning issues.
    Level of access: Open
    Number of members (as of March 9th, 2010): 347
    Owner: Steven Brown
  • Economic Development Professionals - The Economic Development Professionals Linkedin group is geared towards individuals who wish to share and learn about best practices in field of economic development.  Lately, members have exchanged thoughts on subjects such as website design issues, search engine optimization strategies and incentive programs.
    Level of access: Open
    Number of members (as of March 9th, 2010): 2 468
    Owner:Gary Knight
  • Foreign Direct Investment - FDIexecutive - This LinkedIn group brings together professionals from all points around the globe in the field of foreign direct investment.  Issues such as attraction strategy, competitiveness, location selection and decision making are the major themes that members discuss.
    Level of access: Open
    Number of members (as of March 9th): 442
    Owner: Douglas van den Berghe
  • Next Gen Economic Development Marketers - As the name suggests, this group is meant for professionals focused on marketing in regards to economic development.  Members include economic development officers and consultants that talk about such issues as social media tools, website design and branding initiatives.
    Level of access: Open
    Number of members (as of March 9th): 171
    Owner: Ben Wright

Are we missing some other LinkedIn groups?  Let us know by leaving us a comment on this post.

Looking for an efficient way to manage your contacts on LinkedIn?  Read Intelegia’s tutorial, “Tag Function In LinkedIn“

Why Use SlideShare As A Part Of Your Economic Development 2.0 Strategy?

Published
by
Ian Smith
on February 24, 2010
in Author-Ian Smith, Economic Development, Investment Attraction and Web 2.0 Strategy
. 0 Comments

You have decided to implement a marketing strategy for your region for investment attraction purposes.  As a part of  the strategy, you have selected to use social media marketing applications. After concluding a benchmark of sites that are using Web 2.0 tools, you have created a list of the following applications that should be used in the strategy.

  • Facebook
  • Twitter
  • YouTube
  • Flickr
  • RSS Feeds

The list seems to be pretty complete however; there is an application that does not come to mind when discussing social media marketing tools.  The application is SlideShare.

SlideShare is a tool that allows individuals to place documents in various file formats (i.e, .ppt, .doc, .pdf) on web.

The use of SlideShare in a marketing context is very practical.   Here are the advantages

1 - Avoid reinventing the wheel

There is a good chance that you may have promotional material in .pdf and or PowerPoint already in your agency that can be easily placed online.  Instead of spending a portion of your budget on new promotional content, use what you have and upload it to SlideShare.

2 - Reinforce Your Search Engine Optimatization Strategy

Having a presence on various Web 2.0 applications will enhance and reinforce your search engine optimization strategy for your website.  SlideShare is an efficient tool to accomplish this goal,  Each word of the document on the application is indexed and allows it to appear on Google’s result page quickly and within the first couple of pages. (if you are creating a new document to be place on SlideShare, keep in mind the keywords that investors are most likely to used to find information regarding investment attraction along with the name of the city, region, province / state or country.  Good examples of keywords would be: “Invest in”, “Investing in”, “Incentive” or “Doing Business In”.

3 - Be Visual

Using Slideshare to publish Microsoft Powerpoint presentation is a very powerful strategy.  The medium allows agencies to communicate facts about their region visually.  Figure 1 is a page from the Chesterfield Economic Development (Chesterfield, Virgina) presentation on SlideShare.

Figure 1: Chesterfield SlideShare Powerpoint Presentation

This particular slide is effective to help sell the region as a location of  growth in terms of the value of new commercial construction by using the ascending set of bars in the chart.

Some may consider SlideShare as the poorman’s YouTube when it comes to delivering content visually however; it can be efficient tool to aid in obtaining your marketing goals for economic development initiatives.

SlideShare is available at www.slideshare.net

Thinking about creating your Economic Development 2.0 strategy?  Attend Intelegia’s seminar,  “Optimize Investment Attraction Strategy Through Information and Social Media Applications“

SODIL Lanaudière On Twitter

Published
by
Ian Smith
on February 10, 2010
in Author-Ian Smith, Economic Development and Social Media Marketing
. 3 Comments

The topic of this blog is based upon a posting on the Linkedin group, Economic Development Professionals, specifically in the “discussions” section of the group.

A group member brought to our attention a Twitter feed that offers trilingual tweets.

Figure 1 is a screen shot of SODIL Lanaudière Twitter page.

Figure 1: SODIL Lanaudière Twitter page

SODIL Lanaudière is the agency that encourages the development of the Lanaudière (Quebec, Canada) business communities by assisting the region’s SMEs with their projects directly.

The SODIL tweets are made available in French, English and Spanish.  The images in Figure 2, 3 and 4 illustrates the trilingual tweets.

Figure 2: French Tweet

Figure 3: English Tweet

Figure 4: Spanish Tweet

Having the ability to post in more that one language is a benefit and most importantly, it can be a competitive advantage.  Communicating with existing or potential stakeholders of a region in a language that they feel the most comfortable in is a critical aspect in marketing.

Using YouTube To Promote Your Region and Economic Development Agency

Published
by
Ian Smith
on February 5, 2010
in Author-Ian Smith, Economic Development, Investment Attraction and Social Media Marketing
. 0 Comments

Below is a best practice example of how to use a social media marketing tool such as YouTube, to promote two items at one time.

In the video, “Michigan Gives You the Upper Hand”, the Michigan Economic Development Corporation (MEDC) is able to market: 1) the state as THE place for investment opportunities and 2) themselves as facilitators in getting companies to invest.

Using testimonials by CEOs, MEDC drives home the message that they are will equipped with the incentive tools,  services and skills to address investors’ key location factors inquiries.

Does your economic development agency have a video or channel on YouTube for investment attraction purposes? Is it effective? Let us know and we will mention you and the video or the channel in a future blog post.  Please email the link to Ian at ian@intelegia.com.

Intelligence “R” US: Innovative Economic Development Practices in Mauricie, Québec

Published
by
Isabelle Poirier
on February 1, 2010
in Author-Isabelle Poirier, Economic Development, Economic Intelligence, Investment Attraction and Social Media Marketing
. 2 Comments

New economic development practices in a region is not the result of a sole leader. Changing the economic landscape of a region will be the work of individuals who collectively engage into innovative economic development practices.

Last week, I had the opportunity with my colleague Aicha Habiby to conduct the seminar, “Optimize Investment Attraction Strategy Through Information and Social Media Applications“.  Sixteen participants representing different sub-regions in the Mauricie Region gathered in Trois-Rivières, Quebec. Canada.

It was a busy day :-) Needless to say that because this course was computer based and we were more than happy to provide this training as a team. All participants agreed to start slowly but surely embraced social media tools to improve their regional investment attraction strategy and place their region on the radar of investors and site selectors. The process included achieving the following goals:

  • Establishing their “web identity” on social networks
  • Putting into place an information monitoring system
  • Improving their web researching skills by learning advanced research techniques using web 1.0 tools and sources, social media applications and real-time search engines
  • Generating “Intelligence” using specific analysis frameworks for investment attraction
  • Nurturing their virtual and real life communities by sharing information and knowledge
  • Being aware of key success factors and best practices for their future communication strategy

For quite awhile,  investment attraction techniques have included taking advantage of the web 1.0 however; it was just the beginning.  By tapping into the new applications on the internet,  the participants can now efficiently benchmark their region, target leads and promote their region.

If you want to know more about economic development opportunities in Mauricie, you can get in touch “within a click” with the following professionals:

At the end of the day, interesting opportunities are just one click or one phone call away from you… It’s yours to discover :-)

The Use Of Testimonials In YouTube Clips For Investment Attraction

Published
by
Ian Smith
on January 27, 2010
in Author-Ian Smith, Economic Development, Investment Attraction and Web 2.0 Strategy
. 0 Comments

What makes a good YouTube clip for investment attraction purposes?

1. A concise message with all the key locational factors that site selectors and or investors are primarily concerned about?

2. Footage of the existing land opportunities and transportation infrastructure in the region?

3. Testimonials from existing investors about the positive aspects of investing in the region?

All three elements are needed however; testimonials can go a long way in regards of putting a region on the map for investment attraction.

The following clip is from the Niagara Economic Development Corporation, the agency responsible for activities to advance the economic prosperity of the Niagara (Ontario) community.

The key elements of the video are:

  1. The various companies from an array of sectors that has selected Niagara to do business.
  2. How companies have built links within the business community and universities in the region.
  3. The level of government assistance offered to investing companies.

Through the use of testimonials to promote Niagara, the YouTube clip can effectively grab the attention of potential investors and site selectors.

Are seeking to improve your region’s investment retention or attraction strategy?  Attend Intelegia’s seminar, “Optimize Investment Attraction Strategy Through Information and Social Media Applications“.

SeeClickFix: A Possible Economic Development Application?

Published
by
Ian Smith
on January 20, 2010
in Author-Ian Smith and Economic Development
. 0 Comments

Here is a web application that we happened to notice on the City of Evanston’s Facebook Fan Page.

SeeClickFix is a tool that “encourages residents to become citizens by participating in taking care of and improving their neighborhoods“.  In short, the application is a platform to post concerns about the communities that they live in.  Figure 1 illustrates the SeeClickFix page for the City of Toronto.

Figure 1: City of Toronto’s SeeClickFix Page

As shown in Figure 1, the main issues that are posted on the page are:

  1. Maintenance destroying park
  2. Dead tree branches
  3. Tree Removal

Located on the righthand side of the page is a list of locations in and around Toronto that citizens are free to post their concerns about where they live.

By using the same model as SeeClickFix, would there be a need to have an identical application for an economic development agency?  The agency would be able to open it up to citizens and other stakeholders of  the city or region to measure their needs.  On the other hand, would agencies be ready to manage any reconstructive feedback (be it positive or negative)?

SeeClickFix is available at www.seeclickfix.com

Would your economic development agency be willing to use a tool such as SeeClickFix?  Tell us!!!

Industry Cluster Development In Remote Regions: Desert Knowledge Australia

Published
by
Ian Smith
on January 13, 2010
in Author-Ian Smith and Economic Development
. 0 Comments

The following YouTube video clips provides a look at two industry cluster development initiatives by Desert Knowledge Australia. Desert Knowledge Australia is an organization dedicated to “the know-how, ideas, innovations and perspectives that Aboriginal and non-Aboriginal people of the desert have developed to thrive. Identifying, building, using, and sharing this desert knowledge can and does create social and economic benefits.”

Desert Knowledge Australia Mining Services Network

This video presents testimonials of how small and large companies in the mining services sector in a remote region are operating together to offer their expertise to large mining and metal companies.  The expertise of each member of the hub is used to leverage the cluster as a whole to procure contracts for Rio Tinto Alcan, BHP Billiton and Xstrata.

Desert Knowledge Australia Bush Products and Local Foods Network

This video shares some insights regarding the working dynamics of an agri-food industry cluster.  Members discuss their experiences and the benefits of being apart of the network.  In addition, it provides an example of how the companies collaborated on a strategic initiative to identify gaps in the sector to better market their products.

Monitoring Social Networks For Economic Development

Published
by
Ian Smith
on January 11, 2010
in Author-Ian Smith, Competitive & Internet Intelligence, Economic Development and Web 2.0 Search
. 4 Comments

As of January 8th, 2010, results for the keyword search, “economic development” on Facebook yielded 396 hits for fan pages. These pages are not only built for promotional purposes but to share information with the city’s or region’s stakeholders.   As a result, the pages become as a public source of information in which competitive intelligence data can be gathered for economic development purposes.

Search Results For “Economic Development” On Facebook For Fan Pages

With the use of Google, some think that there is no need to monitor content on social networks such as Facebook, Twitter and Flickr.  An argument can be made that tracking information via these platforms may contribute to a region’s economic development strategy by providing strategic intelligence.

How you may ask? Consider the following:

  • Facebook Fan Pages serve as a compliment to websites and hence provides information on a frequent basis.   The pages are easier to update than websites and enables agencies to maintain the resource within a matter clicks.
  • Twitter pages can be used as a tool to push relevant information to interested individuals.  Information such as local or regional news, analysis reports or details on financial assistance programs can be available.

The motivation to “Become a Fan” or “Follow” is simple to understand from competitive intelligence point of view.  Individuals with accounts for both social networks can have a steady stream of information on regions and/or cities that are competing for investment dollars from around the globe.

Strategic intelligence for economic development purposes that can be gleaned on Web 2.0 can be in the form of:

  • Success stories in the region
  • List of key sectors / companies in the region / cities
  • Successful incentive programs
  • Regions’ value propositions

To learn more about monitoring social networks for economic development, attend Intelegia’s seminar, “Optimize Investment Attraction Strategy Through Information and Social Media Applications“.

Customizing Your Facebook Page For Economic Development

Published
by
Ian Smith
on January 6, 2010
in Author-Ian Smith, Economic Development, Social Media Marketing and Web 2.0
. 2 Comments

Now that you have created your Facebook Fan Page for your economic development agency, it is time to customize the page to make it is easier for fans to find information.  Not only can it be beneficially to your fans but to your economic development agency’s search engine optimization strategy.

Here are few examples of economic development agencies and cities that have selected to customizing their Facebook Fan Page.

Levelland, Texas

The City of Levelland’s Facebook Fan Page has a section that is customized thanks to boxes which contains content.   Figure 1 presents a look at the section.

Figure 1: City of Levelland’s Facebook Fan Page With Customized Boxes
Please Click On Image To Enlarge

Fans of the page has a “one-stop” point for news and information about Levelland.

To visit the City of Levelland’s Facebook Fan Page can, please click here.

Chaleur Region

The Chaleur Region, located on the northeast coast of New Brunswick, has a Facebook Fan Page with customized tabs to facilitate navigation of the page. This Web 2.0 initiative is managed by Entreprise Chaleur, an economic development agency. Figure 3 presents the tabs for the RegionChaleur page.

Figure 3: Navigational Tabs On RegionChaleur

Individuals interested in investing in the Chaleur Region can simply click on the “Invest” tab and access information on the industrial parks in the region as seen in Figure 4.

Figure 4: Information On Industrial Parks In The Chaleur Region

Customizing a Facebook Fan Page entails obtaining the assistance of a programmer and searching for different web applications available on Facebook that can be added to the page.

Are you seeking to build a Facebook Fan Page for economic development purposes?  Learn more about Intelegia’s seminar, “Optimize Investment Attraction Strategy Through Information and Social Media Applications“