7 Keys to High
Performance Economic
 Development in 2013
          1
Your hosts




           Ben Wright                        Guillermo Mazier
      CEO, Atlas Advertising               Business Development,
    benw@atlas-advertising.com                Atlas Advertising
     www.twitter.com/atlasad         guillermom@atlas-advertising.com
                                          www.twitter.com/atlasad

                                 2
About Atlas Advertising
Atlas Advertising is a niche economic development marketing and technology firm that
helps economic developers reach local, national and international prospect and site
selection audiences. Atlas’ economic development solutions and websites have been
named among the best in the country by the IEDC and Angelou Economics, and have
won awards regionally from business to business marketing organizations.
Atlas has worked with 90+ different economic development clients in 43+ US states and 6
countries. Our approach and experience means that our campaigns generate an average of
three to ten times the response of other campaigns.
Featured clients:
     – Denver South EDP
     – State of Ohio
     – Charleston County, SC
     – Omaha, NE
     – San Francisco, CA
     – Webster City, IA
                                          3
View the slides, continue the
dialogue
• Continue the Conversation:
   – Follow us on Twitter:
     www.twitter.com/AtlasAd
   – Tweet questions using hashtag
     #AskAtlas
   – Join Next Gen Economic
     Development Marketers LinkedIn
     Group
• View and share the slides with
  your colleagues (available now):
   http://bit.ly/fQB6hC 4
Questions we will answer

1. How do we as a profession feel about the impact we are making
   on our communities today?
2. What are the basic principles that should drive your economic
   development marketing?
3. How do we define success as a profession?
4. Who are the top performing communities in the nation in 2012?
5. What can we learn from high performing communities?
6. How can we evaluate our own past performance, and plan for
   our future performance?
7. How can we implement high performing marketing programs in
   our own communities?      5
Cutting through the clutter: The
       world we work in



               6
7
8
Do we as economic developers
make a difference?




                  9
A few principles that drive
    (or should drive)
 economic development



            10
“Economic development organizations increasingly
operate under much tighter budgets at a time when
the need for economic development programming is
becoming more crucial to the continued vitality and
competitiveness of a community.”
   International Economic Development Council in
            “High Performing Economic Development Organizations,” 2011




                              11
What worked 20 years ago is
  not the same as what
      works today.


             12
What hasn’t changed:

To make a difference, we have to serve
         companies directly.

        If we are not having
 conversations, we are not making a
             difference.
                  13
What has changed:
The ways we start conversations have
          changed forever.


                 14
A simple framework to help define
             success:
        High Performance
     Economic Development

                15
What “High Performance
Economic Development” is

• It is the first measurement of the
  outcomes (Inquiries, jobs, capital
  investment) that EDO’s create
  on this scale.
• It proves the ways we make a
  difference, and in some
  cases, the ways we don’t.
• It can help drive your strategic
  and marketing planning using
  actual outcomes, instead of
  activities, using national
  benchmarks as your guide.
                                       16
The framework:




                 17
ED success: benchmarked
results by population size




                    20
Get the report:
http://www.slideshare.net/wright040
5/atlas-high-performance-economic-
development-white-paper



Take the survey to
participate:
http://atlas-
advertising.com/Community-
Benchmarking-Study.aspx               21
What can we learn from the top
         performers?



              22
Your panelists




         Janet Miller                     Sara Dunnigan                      Clint Kolby
Chief Economic Development     Senior VP, Existing Business Services      Project Manager
           Officer                    & Talent Development               Brenham Economic
 Nashville Area Chamber of        Greater Richmond Partnership         Development Foundation
         Commerce
                                              23
           Email                             Email                              Email
jmiller@nashvillechamber.com         Sdunnigan@grpva.com               clint@brenhamtexas.com
Case Study 1: Nashville Area Chamber



                 24
Nashville Challenges

• “Music City” brand
  association with old-line
  country music can paint
  negative image for business
• Shortage of IT workforce
  with 5+ years experience
  limiting factor on tech-
  company growth
• National attention to state
  legislature and political
  infighting around
  immigration, incentives, etc.   25
  damaging for state image
Nashville Goals
• Annual dashboard of metrics include:
   – Job growth – 12,500/year
   – Per Capita Income growth – 1.6%
   – Population growth – 1.5%/year
   – Increase GDP – 2.3% /year
   – Relocations & Expansions
        • Number, Jobs, Cap Investment, Square Footage, Jobs
           Retained
   – Internal Metrics – prospect visits by industry sector; % ratio
      of RFP’s to site visits, etc.
• Successful launch and implementation of IT recruitment project
  including
   – Number of tech jobs created, time to fill, etc.
• Legislative scorecard
                                       26
27
28
Nashville Tactics
• Get the tools
  right..nashvilleareainfo.com;
  RFP process and design;
  slide decks
• Consistent marketing over a
  period of years to target
  audiences………site
  selection consultants #1
   – Music = Creativity is the
     message
• Play to strengths rather than
  weakness – e.g. health care
  services versus biotech
• Policy work on state and        29


  local level…
30
Nashville Results
• Ranked number one for job
  growth in Atlas Advertising 2012
  survey of ECD groups
• Top Ten Economic Development
  Group in America, Site Selection
  Magazine, 2011
• City named:
   –   #1 – Kiplinger’s “Future Job Creating Machines”,
       2012
   –   #3 – “Future Boomtowns”, Forbes 2012
   –   #2 – Top Start Up Paradise, Young Entrepreneur
       Council 2012
   –   #3 – Overall America’s Best Cities, Travel + Leisure
       2012
   –   #2 – Most Cost-Attractive Business Location,31
       KPMG 2012
   –   Top 10 U.S. Culture Cities – Homes Dot Com, 2012
The Corporate Relocation Story




                      32
Nashville Learning's
                            • Embrace who you are
                            • Public-private sector
                              leadership is key
                            • Metrics matter
                            • Acknowledging weakness is
                              first step to tackling it
                            • People will fund what they
                              are passionate about
                               – Nashville Entrepreneur Center
                                 Launch
                               – Tech Talent Campaign


                       33
Case Study 2:
Greater Richmond Partnership


             34
Richmond Region Challenges

• Bringing together 4 strong localities
  around shared vision
• Integrating private sector investors
  and interests
• Relatively successful – no crisis
• Diverse economy – no single strong
  industry “identity”
• Slow growth economy, competitive
  neighbors
• Existing business program needed a
  boost
• Little brand awareness
                                  35
• Tight labor market
Greater Richmond
Work Program
•   Business Attraction Regional Marketing
•   Business Retention and Expansion
•   New Business Formation & Small Business Support
•   Talent Development and Promotion




                               36
Greater Richmond Tactics
• Sound foundation in strategic
  plan – clear message to investors
  and community
   – Our work has impact - economic
     impact
• Revisited the plan assumptions –
  cluster study
• Reoriented work programs to
  support the above goals
• Developed internal scorecards
  and management tools
• Refined data systems and tracking
  methodology                   37
Greater Richmond Tactics
• Business Attraction Regional Marketing
   – Cluster Focus
   – Domestic/International
   – Engage Stakeholders
• Business Retention and Expansion
   – Cluster Focus
   – High Growth
   – High Impact
• Talent Development and Promotion
   –   External Market
   –   Cluster Focus
   –   Graduate Retention
   –   High Demand Occupations
• New Business Formation & Small Business Support
                                 38
   – Innovation
   – Peer Learning
So, What Do We Measure?




                 39
How do we share?




                   40
Greater Richmond Results
• Specific job creation and investment (and more) goals – by
  program of work
• Attraction program emphasis on quality vs. quantity
• Invested in web-based CRM, workflow system
• Launched refined collaborative BR&E program
• Launched talent portal – RichmondJobNet.com
• Launched virtual relocation resource –
  LoveWhatYouFind.com
• Scorecards developed for management, board and investors



                               41
Greater Richmond’s Learnings
“We can’t control the direction of the wind, but we can adjust our sails.”

•   Jobs & capital investment still matter
•   Link & understand process, output and outcome metrics
•   Alignment, accountability and transparency
•   Change when conditions change
•   Embrace technology
•   Explore “link and leverage” strategies
•   Focus on conversion
•   Transactional vs transformational

                                      42
Case Study 3: Brenham Economic
    Development Foundation


              43
Brenham Challenges

• In the shadow of
  Houston and Austin
• Seen as more of a tourism
  destination
• Small pool of skilled labor
• Lack of available
  commercial buildings




                                44
Brenham Goals
• Build awareness with site
  selectors
• Familiarization tours with
  commercial real estate brokers
• Reach out to existing primary
  employers
• Strong workforce development
  partnership with local college
  and school districts
• A leading website that gets 7,000
  + visits per year

                                45
46
Brenham Tactics
• Direct e-mail campaigns            INSERT SCREENSHOT OF
• Site visits and windshield         SURVEY or SAMPLE EMAIL
  tours                              CAMPAIGNS
• Survey with local primary
  employers
• Industry tours and training
  programs
• Relevant and updated
  website content



                                47
Brenham Results

• 66% increase in the number of
  conversations
• 100% increase in the number of
  proposals submitted
• 50% increase in the number of
  ongoing prospects
• Top micropolitan in Texas by Site
  Selection magazine for second
  year in a row


                               48
Brenham Learnings
• Embrace regionalism
• Make yourself known
• Business retention &
  expansion is the meat and
  potatoes of rural economic
  development
• Workforce development is a
  major ingredient for success




                                 49
How can we              For information, call:

implement high
performing
marketing programs
in our own
communities?                 Guillermo Mazier
                           Business Development,
                              Atlas Advertising
                     guillermom@atlas-advertising.com
               50         www.twitter.com/atlasad
Putting High Performance Into
Practice: The Steps
1.   Benchmark your community – get a
     baseline.
2.   Cut through the clutter: Set goals and
     Plan for Performance with your board
     and stakeholders.
     –   Website visits
     –   Inquiries / Conversations
     –   Jobs Announced
     –   Capital Investment Announced
3.   Implement the basics, plus additional
     tactics that your organization can
     support.
4.   Adjust to improve your execution.
5.   Report out and celebrate your results.
                                        51
Plan for Performance.

1. Get buy in from your leadership
   and stakeholders on a few key goals.
   Push hard to track the following:
   a.   Awareness: Website visits
   b.   Conversations / inquiry
   c.   Jobs Announced
   d.   Capital Investment Announced
2. Set a marketing plan that drives
   those goals.



                                   52
Implement the basics manage,
measure, and produce results.
1. Economic development website, with a content management system to
   enable you to make changes
2. A base of content about your area and your organization
3. A customer relationship management system (or Excel spreadsheet to
   track inquiries and results)
4. Email marketing management tools, such as Exact Target, Constant
   Contact
5. Social media management tools, such as HootSuite, Tweet Deck, etc.
6. Proposal templates and delivery systems (email, online)
7. PowerPoint template for community and company presentations



                                    53
Basics +1: Tactics that drive awareness
and traffic to your website.




                         54
Basics +2: Tactics that convert
website visits to conversations.




                         55
Basics +3: Tactics that go straight to
conversations.




                          56
Celebrate your success!




                    57
Chat your Answer:

What is one thing that you
learned in today’s webinar?



                    58
Q+A



      59
Thank You!


                               Contact information:
                                            1128 Grant Street
                                           Denver, CO 80203
                                         Contact: Ben Wright
                                        t: 303.292.3300 x 210
                                 benw@Atlas-Advertising.com
                                   www.Atlas-Advertising.com
      LinkedIn Profile | LinkedIn Group | Twitter |
                                   Blog | Slidespace

                      60

Atlas 7 Keys to High Performance Economic Development

  • 1.
    7 Keys toHigh Performance Economic Development in 2013 1
  • 2.
    Your hosts Ben Wright Guillermo Mazier CEO, Atlas Advertising Business Development, benw@atlas-advertising.com Atlas Advertising www.twitter.com/atlasad guillermom@atlas-advertising.com www.twitter.com/atlasad 2
  • 3.
    About Atlas Advertising AtlasAdvertising is a niche economic development marketing and technology firm that helps economic developers reach local, national and international prospect and site selection audiences. Atlas’ economic development solutions and websites have been named among the best in the country by the IEDC and Angelou Economics, and have won awards regionally from business to business marketing organizations. Atlas has worked with 90+ different economic development clients in 43+ US states and 6 countries. Our approach and experience means that our campaigns generate an average of three to ten times the response of other campaigns. Featured clients: – Denver South EDP – State of Ohio – Charleston County, SC – Omaha, NE – San Francisco, CA – Webster City, IA 3
  • 4.
    View the slides,continue the dialogue • Continue the Conversation: – Follow us on Twitter: www.twitter.com/AtlasAd – Tweet questions using hashtag #AskAtlas – Join Next Gen Economic Development Marketers LinkedIn Group • View and share the slides with your colleagues (available now): http://bit.ly/fQB6hC 4
  • 5.
    Questions we willanswer 1. How do we as a profession feel about the impact we are making on our communities today? 2. What are the basic principles that should drive your economic development marketing? 3. How do we define success as a profession? 4. Who are the top performing communities in the nation in 2012? 5. What can we learn from high performing communities? 6. How can we evaluate our own past performance, and plan for our future performance? 7. How can we implement high performing marketing programs in our own communities? 5
  • 6.
    Cutting through theclutter: The world we work in 6
  • 7.
  • 8.
  • 9.
    Do we aseconomic developers make a difference? 9
  • 10.
    A few principlesthat drive (or should drive) economic development 10
  • 11.
    “Economic development organizationsincreasingly operate under much tighter budgets at a time when the need for economic development programming is becoming more crucial to the continued vitality and competitiveness of a community.” International Economic Development Council in “High Performing Economic Development Organizations,” 2011 11
  • 12.
    What worked 20years ago is not the same as what works today. 12
  • 13.
    What hasn’t changed: Tomake a difference, we have to serve companies directly. If we are not having conversations, we are not making a difference. 13
  • 14.
    What has changed: Theways we start conversations have changed forever. 14
  • 15.
    A simple frameworkto help define success: High Performance Economic Development 15
  • 16.
    What “High Performance EconomicDevelopment” is • It is the first measurement of the outcomes (Inquiries, jobs, capital investment) that EDO’s create on this scale. • It proves the ways we make a difference, and in some cases, the ways we don’t. • It can help drive your strategic and marketing planning using actual outcomes, instead of activities, using national benchmarks as your guide. 16
  • 17.
  • 20.
    ED success: benchmarked resultsby population size 20
  • 21.
    Get the report: http://www.slideshare.net/wright040 5/atlas-high-performance-economic- development-white-paper Takethe survey to participate: http://atlas- advertising.com/Community- Benchmarking-Study.aspx 21
  • 22.
    What can welearn from the top performers? 22
  • 23.
    Your panelists Janet Miller Sara Dunnigan Clint Kolby Chief Economic Development Senior VP, Existing Business Services Project Manager Officer & Talent Development Brenham Economic Nashville Area Chamber of Greater Richmond Partnership Development Foundation Commerce 23 Email Email Email jmiller@nashvillechamber.com Sdunnigan@grpva.com clint@brenhamtexas.com
  • 24.
    Case Study 1:Nashville Area Chamber 24
  • 25.
    Nashville Challenges • “MusicCity” brand association with old-line country music can paint negative image for business • Shortage of IT workforce with 5+ years experience limiting factor on tech- company growth • National attention to state legislature and political infighting around immigration, incentives, etc. 25 damaging for state image
  • 26.
    Nashville Goals • Annualdashboard of metrics include: – Job growth – 12,500/year – Per Capita Income growth – 1.6% – Population growth – 1.5%/year – Increase GDP – 2.3% /year – Relocations & Expansions • Number, Jobs, Cap Investment, Square Footage, Jobs Retained – Internal Metrics – prospect visits by industry sector; % ratio of RFP’s to site visits, etc. • Successful launch and implementation of IT recruitment project including – Number of tech jobs created, time to fill, etc. • Legislative scorecard 26
  • 27.
  • 28.
  • 29.
    Nashville Tactics • Getthe tools right..nashvilleareainfo.com; RFP process and design; slide decks • Consistent marketing over a period of years to target audiences………site selection consultants #1 – Music = Creativity is the message • Play to strengths rather than weakness – e.g. health care services versus biotech • Policy work on state and 29 local level…
  • 30.
  • 31.
    Nashville Results • Rankednumber one for job growth in Atlas Advertising 2012 survey of ECD groups • Top Ten Economic Development Group in America, Site Selection Magazine, 2011 • City named: – #1 – Kiplinger’s “Future Job Creating Machines”, 2012 – #3 – “Future Boomtowns”, Forbes 2012 – #2 – Top Start Up Paradise, Young Entrepreneur Council 2012 – #3 – Overall America’s Best Cities, Travel + Leisure 2012 – #2 – Most Cost-Attractive Business Location,31 KPMG 2012 – Top 10 U.S. Culture Cities – Homes Dot Com, 2012
  • 32.
  • 33.
    Nashville Learning's • Embrace who you are • Public-private sector leadership is key • Metrics matter • Acknowledging weakness is first step to tackling it • People will fund what they are passionate about – Nashville Entrepreneur Center Launch – Tech Talent Campaign 33
  • 34.
    Case Study 2: GreaterRichmond Partnership 34
  • 35.
    Richmond Region Challenges •Bringing together 4 strong localities around shared vision • Integrating private sector investors and interests • Relatively successful – no crisis • Diverse economy – no single strong industry “identity” • Slow growth economy, competitive neighbors • Existing business program needed a boost • Little brand awareness 35 • Tight labor market
  • 36.
    Greater Richmond Work Program • Business Attraction Regional Marketing • Business Retention and Expansion • New Business Formation & Small Business Support • Talent Development and Promotion 36
  • 37.
    Greater Richmond Tactics •Sound foundation in strategic plan – clear message to investors and community – Our work has impact - economic impact • Revisited the plan assumptions – cluster study • Reoriented work programs to support the above goals • Developed internal scorecards and management tools • Refined data systems and tracking methodology 37
  • 38.
    Greater Richmond Tactics •Business Attraction Regional Marketing – Cluster Focus – Domestic/International – Engage Stakeholders • Business Retention and Expansion – Cluster Focus – High Growth – High Impact • Talent Development and Promotion – External Market – Cluster Focus – Graduate Retention – High Demand Occupations • New Business Formation & Small Business Support 38 – Innovation – Peer Learning
  • 39.
    So, What DoWe Measure? 39
  • 40.
    How do weshare? 40
  • 41.
    Greater Richmond Results •Specific job creation and investment (and more) goals – by program of work • Attraction program emphasis on quality vs. quantity • Invested in web-based CRM, workflow system • Launched refined collaborative BR&E program • Launched talent portal – RichmondJobNet.com • Launched virtual relocation resource – LoveWhatYouFind.com • Scorecards developed for management, board and investors 41
  • 42.
    Greater Richmond’s Learnings “Wecan’t control the direction of the wind, but we can adjust our sails.” • Jobs & capital investment still matter • Link & understand process, output and outcome metrics • Alignment, accountability and transparency • Change when conditions change • Embrace technology • Explore “link and leverage” strategies • Focus on conversion • Transactional vs transformational 42
  • 43.
    Case Study 3:Brenham Economic Development Foundation 43
  • 44.
    Brenham Challenges • Inthe shadow of Houston and Austin • Seen as more of a tourism destination • Small pool of skilled labor • Lack of available commercial buildings 44
  • 45.
    Brenham Goals • Buildawareness with site selectors • Familiarization tours with commercial real estate brokers • Reach out to existing primary employers • Strong workforce development partnership with local college and school districts • A leading website that gets 7,000 + visits per year 45
  • 46.
  • 47.
    Brenham Tactics • Directe-mail campaigns INSERT SCREENSHOT OF • Site visits and windshield SURVEY or SAMPLE EMAIL tours CAMPAIGNS • Survey with local primary employers • Industry tours and training programs • Relevant and updated website content 47
  • 48.
    Brenham Results • 66%increase in the number of conversations • 100% increase in the number of proposals submitted • 50% increase in the number of ongoing prospects • Top micropolitan in Texas by Site Selection magazine for second year in a row 48
  • 49.
    Brenham Learnings • Embraceregionalism • Make yourself known • Business retention & expansion is the meat and potatoes of rural economic development • Workforce development is a major ingredient for success 49
  • 50.
    How can we For information, call: implement high performing marketing programs in our own communities? Guillermo Mazier Business Development, Atlas Advertising guillermom@atlas-advertising.com 50 www.twitter.com/atlasad
  • 51.
    Putting High PerformanceInto Practice: The Steps 1. Benchmark your community – get a baseline. 2. Cut through the clutter: Set goals and Plan for Performance with your board and stakeholders. – Website visits – Inquiries / Conversations – Jobs Announced – Capital Investment Announced 3. Implement the basics, plus additional tactics that your organization can support. 4. Adjust to improve your execution. 5. Report out and celebrate your results. 51
  • 52.
    Plan for Performance. 1.Get buy in from your leadership and stakeholders on a few key goals. Push hard to track the following: a. Awareness: Website visits b. Conversations / inquiry c. Jobs Announced d. Capital Investment Announced 2. Set a marketing plan that drives those goals. 52
  • 53.
    Implement the basicsmanage, measure, and produce results. 1. Economic development website, with a content management system to enable you to make changes 2. A base of content about your area and your organization 3. A customer relationship management system (or Excel spreadsheet to track inquiries and results) 4. Email marketing management tools, such as Exact Target, Constant Contact 5. Social media management tools, such as HootSuite, Tweet Deck, etc. 6. Proposal templates and delivery systems (email, online) 7. PowerPoint template for community and company presentations 53
  • 54.
    Basics +1: Tacticsthat drive awareness and traffic to your website. 54
  • 55.
    Basics +2: Tacticsthat convert website visits to conversations. 55
  • 56.
    Basics +3: Tacticsthat go straight to conversations. 56
  • 57.
  • 58.
    Chat your Answer: Whatis one thing that you learned in today’s webinar? 58
  • 59.
    Q+A 59
  • 60.
    Thank You! Contact information: 1128 Grant Street Denver, CO 80203 Contact: Ben Wright t: 303.292.3300 x 210 benw@Atlas-Advertising.com www.Atlas-Advertising.com LinkedIn Profile | LinkedIn Group | Twitter | Blog | Slidespace 60