Wednesday, May 2, 2018

Wish This Was a 60-Second Video, But. . .

. . . the hour-plus long video is still a must-see.

Bill Fruth was brought to Licking County by our LEDO, Grow Licking County Community Improvement Corporation, as part of a educational series on economic development.

Since I doubt few will watch the whole video, here's my summation from just two slides.

Bill points out that "manufacturing accounts for 41% of imported wealth" to Licking County's economy.  Bill also points out the need to focus attention on growing your existing, primary industries. 

Take away: Focus on manufacturing.

Why do public entities often need to get involved in readying industrial land? Sites are the most important element of the site selection process. Bill shows why communities need to get involved with this chart where the sale value of land versus economic benefit to a community for land.

Take away:  Economic development is ultimately a real estate transaction.

Still go watch the video.  It's chock full of lessons.

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