Transcript Cascade County Presentation

Joe Briggs - Commissioner
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Guiding Principles for North Central
Montana Economic Development
Think Regionally
Build Partnerships
Understand your assets and liabilities
Know your tools
Know your targets
Be Focused yet Flexible
Be Creative
Retain, then Recruit
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Why Regional?
Constrained Resources
Money
Staff
Time
Inter Dependent Economies
Shared Labor Pool
Shared Infrastructure
Expanded Site Options
Different blends
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Build Partnerships!
Adds Resources
Money
Staff
Time
Sharing Resources
Manage Rivalries
Shared Demographic Data
Cross linked Web Sites
Expertise
Who are my Partners?
Municipalities & Other Counties
State & Federal Agencies
Local & Regional Agencies
Chambers of Commerce
Banks
Businesses
Higher Education Facilities
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Understand Your Assets and
Liabilities.
Work Force
Availability
Training Levels
“Soft Skills”
Relative Cost
Infrastructure
Roads
Water & Waste Water
Electricity/Natural Gas
Extractable Resources
Communications
Housing Stocks
Quality of Life
Schools
Recreation
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Know your Tools.
Incentives
Workforce Training Grants
Local Tax Incentives
RLF Financing
Infrastructure Development
TIF Districts
Industrial Development Bonding
State Incentives
504 Business Loans
Brownfield Redevelopment
Technical Support
PTAC – Federal
Business Development Planning
Existing Business Retention
Business Mentoring
Business Incubator
Financial Guidance
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Know your Targets.
What Types of Businesses?
Is Distance to Market an Issue?
What are your local feed stocks?
What will your Workforce Support?
What are the local product demands?
What will your Infrastructure Support?
Regional Economic Diversity Study
Our Targets
Local Businesses with Growth Potential
Potential Startup Companies
Agri Processing Businesses
Energy Production Businesses
Vertical Integration of Existing Firms
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Focused yet Flexible.
Concentrate your Resources and
efforts on your targeted Business groups.
Limited Trade Show Activity
Leverage Existing Businesses
Market to the Industry Site Selectors
Share Marketing Costs with Partners
Quick Adaptive Response
The Unexpected Opportunity
Team approach
Reallocate activity to allow a short term Focus
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Be Creative and Adaptive
Different Companies are motivated
by different circumstances.
Requirements may change
No one size fits all approach.
Find out as much as you can.
Sell the community not just the site.
On incentive may not work but a bundle might.
Be responsive to the potential company.
BUT…. Do not over promise and under deliver.
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