Analysis
Empowerment through up-to-date, objective data layered with field study to tell your unique story
We study the essential nature of your economic conditions.
Stakeholders are empowered by data to understand their existing economic conditions, strengths, weaknesses, opportunities, and forecasted conditions to help them expand the tax base, diversify the local employment opportunities, and attract quality jobs.
Yet, quantitative data is only part of the story. We believe that an “on the street” review further illustrates the unique story of a market and how all its facets impact one another.
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Gain understanding of your market’s unique competitive advantage, how to market that advantage to specific industries, what those industry trends are, and how to apply limited resources.
Rising construction costs that significantly outpace wage increases can challenge talent recruitment and retention if the housing options do not suit employees’ needs, challenging economic development efforts. Our thorough, data-driven housing analysis provides a solid understanding of the current market and future opportunities, providing implementable action steps to attract the right mix of housing at the right time.
If conflict amongst a community’s plans, policies, processes, and marketing efforts exists, it could be impacting a community’s ability to achieve its economic goals. Coordinating a cohesive strategy of can feel ambitious. Together, we can clarify goals and tactics so there is a clear path to results, with all stakeholders acting in coordination without duplication of efforts.
Visionary leaders with project ideas to move their company or community toward growth and vitality need to assess the feasibility and sustainability of their great ideas. This can be done by:
- Comparing demographic characteristics within defined market areas of competitive markets
- Analyzing industry and market trends
- Analyzing labor supply and available skills
- Calculating operation and capital costs
- Conducting stakeholder interviews
- Reviewing incentive or gap financing options
- Assembling a deal structure which will make the project possible
Periodic review of a longstanding program for any organization is a necessary and appropriate undertaking. The economy changes, local circumstances change, and the most effective use of resources changes.
Establishing benchmarks and evaluating if the current programs meet those benchmarks effectively is not only important to a community’s ability to effectuate growth, but also provides an opportunity for an EDO to show their board and stakeholders their work is creating measurable results.
How do customers and visitors experience a business district, Main Street or downtown? How do they feel when they arrive, spend their time and money? How do they feel when they leave? Will they make it a point to come back?
Redevelopment Resources can arrive in a community, walk a downtown, visit businesses anonymously and create a first impression report based on our experiences. This work comes with a set of recommended improvements for short and long term, at varying levels of investment and involvement by the client organization.
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Targeted Industry Analysis and Strategy
Targeted Industry Analysis and Strategy
