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Economic Developers Need a Shared Foundation

economic developers need a shared foundation

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Date posted

May 7, 2026

๐—˜๐—ฎ๐—ฟ๐—น๐˜† ๐—ถ๐—ป ๐—บ๐˜† ๐—ฐ๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ ๐—œ ๐—ต๐—ฒ๐—น๐—ฝ๐—ฒ๐—ฑ ๐—ฟ๐—ฒ๐—ฏ๐˜‚๐—ถ๐—น๐—ฑ ๐—ฎ ๐˜๐—ฒ๐—ฎ๐—บ’๐˜€ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ ๐˜‚๐—ฝ.

I brought in a professor who ran a vocational course on local economic development, and commissioned a bespoke three-day programme for the team.

It worked. Not because it was expensive or elaborate โ€” but because it gave people a shared foundation. A common language. A framework for thinking about what they were there to do and why.

That experience stayed with me.

๐˜๐˜ต’๐˜ด ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ข๐˜ด๐˜ฐ๐˜ฏ๐˜ด ๐˜ ๐˜ธ๐˜ณ๐˜ฐ๐˜ต๐˜ฆ ๐˜›๐˜ฉ๐˜ฆ ๐˜“๐˜ฐ๐˜ค๐˜ข๐˜ญ ๐˜ข๐˜ฏ๐˜ฅ ๐˜™๐˜ฆ๐˜จ๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜Œ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜๐˜ข๐˜ฏ๐˜ฅ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ.

Because not every team has the budget for a three-day course. Not every manager has the time to design one. And not every new starter gets the induction they need before they’re thrown into the deep end.

The handbook gives any economic development team โ€” from the most experienced director to the newest recruit โ€” a guide to the rationale, the functions, the dilemmas, and the framework for making good choices in this work.

โ€œ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ข ๐˜ฎ๐˜ถ๐˜ด๐˜ต ๐˜ณ๐˜ฆ๐˜ข๐˜ฅ ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ข๐˜ฏ ๐˜ข๐˜ฅ๐˜ฅ๐˜ฆ๐˜ฅ ๐˜ท๐˜ข๐˜ญ๐˜ถ๐˜ฆ ๐˜ข๐˜ค๐˜ค๐˜ฆ๐˜ด๐˜ด๐˜ข๐˜ณ๐˜บ ๐˜ต๐˜ฐ ๐˜ข๐˜ฏ๐˜บ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ช๐˜ฏ๐˜ท๐˜ฐ๐˜ญ๐˜ท๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต. ๐˜ ๐˜ฐ๐˜ถ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ญ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ ๐˜ข ๐˜ญ๐˜ฐ๐˜ต ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ฉ๐˜ช๐˜ด ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ต ๐˜ช๐˜ด ๐˜ข๐˜ณ๐˜ต๐˜ช๐˜ค๐˜ถ๐˜ญ๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ข ๐˜ธ๐˜ข๐˜บ ๐˜ธ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ ๐˜บ๐˜ฐ๐˜ถ ๐˜ค๐˜ข๐˜ฏ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ญ๐˜ข๐˜ต๐˜ฆ ๐˜จ๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ฑ๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ ๐˜ช๐˜ฏ๐˜ต๐˜ฐ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฐ๐˜ธ๐˜ฏ ๐˜ญ๐˜ฐ๐˜ค๐˜ข๐˜ญ๐˜ช๐˜ต๐˜บ.โ€ Clive Gibbon, Economic Development Services Manager, Bolton Council.

What took me thirty years to accumulate, your team can absorb in weeks.

๐Ÿ‘‰ lredhandbook.com

#EconomicDevelopment #TeamDevelopment #Regeneration #PlaceLeadership

๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

The Local and Regional Economic Development Handbook, launched on 27 April, contains a wealth of practical case studies and examples that span the globe. The Handbook highlights Canada as a prime example of strategic regional economic development through its...

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๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

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๐—ง๐—ต๐—ฒ ๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฎ๐˜ ๐˜๐—ผ๐—ผ๐—ธ ๐—บ๐—ฒ ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐˜€๐˜ ๐˜๐—ผ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜? ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฐ๐—ผ๐—ป๐˜๐—ฒ๐˜…๐˜ ๐—ถ๐˜€ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด

๐—ง๐—ต๐—ฒ ๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฎ๐˜ ๐˜๐—ผ๐—ผ๐—ธ ๐—บ๐—ฒ ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐˜€๐˜ ๐˜๐—ผ ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ ๐—ถ๐—ป ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜? ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฐ๐—ผ๐—ป๐˜๐—ฒ๐˜…๐˜ ๐—ถ๐˜€ ๐—ฒ๐˜ƒ๐—ฒ๐—ฟ๐˜†๐˜๐—ต๐—ถ๐—ป๐—ด

I sat in meetings early in my career where decisions were being made and I didn't know the local backstory. Who had tried what before? Why certain approaches had been abandoned? What are the political sensitivities? What the community actually needed versus what...

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๐—˜๐—ฎ๐—ฟ๐—น๐˜† ๐—–๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ ๐—Ÿ๐—ฒ๐˜€๐˜€๐—ผ๐—ป: ๐—ช๐—ต๐—ฎ๐˜ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ถ๐˜€ ๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜†

๐—˜๐—ฎ๐—ฟ๐—น๐˜† ๐—–๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ ๐—Ÿ๐—ฒ๐˜€๐˜€๐—ผ๐—ป: ๐—ช๐—ต๐—ฎ๐˜ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ถ๐˜€ ๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜†

๐˜”๐˜บ ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต ๐˜ซ๐˜ฐ๐˜ฃ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ข๐˜ด ๐˜ข ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ญ๐˜ต๐˜ข๐˜ฏ๐˜ต ๐˜ช๐˜ฏ ๐˜š๐˜ค๐˜ฐ๐˜ต๐˜ญ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐Ÿฃ๐Ÿซ๐Ÿซ๐Ÿข๐˜ด I thought I was reasonably well prepared. I had read the research, understood the theories, sat in plenty of meetings with practitioners. What I wasn't prepared for was the reality of...

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๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

๐—–๐—ฎ๐—ป๐—ฎ๐—ฑ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

The Local and Regional Economic Development Handbook, launched on 27 April, contains a wealth of practical case...

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๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

๐—”๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐—ฎ: ๐—Ÿ๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—›๐—ฎ๐—ป๐—ฑ๐—ฏ๐—ผ๐—ผ๐—ธ ๐—–๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—”-๐—ญ

The Local and Regional Economic Development Handbook, launched on 27 April, contains a wealth of practical case...

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๐—˜๐—ฎ๐—ฟ๐—น๐˜† ๐—–๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ ๐—Ÿ๐—ฒ๐˜€๐˜€๐—ผ๐—ป: ๐—ช๐—ต๐—ฎ๐˜ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ถ๐˜€ ๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜†

๐—˜๐—ฎ๐—ฟ๐—น๐˜† ๐—–๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ ๐—Ÿ๐—ฒ๐˜€๐˜€๐—ผ๐—ป: ๐—ช๐—ต๐—ฎ๐˜ ๐— ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ถ๐˜€ ๐——๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜†

๐˜”๐˜บ ๐˜ง๐˜ช๐˜ณ๐˜ด๐˜ต ๐˜ซ๐˜ฐ๐˜ฃ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ธ๐˜ข๐˜ด ๐˜ข๐˜ด ๐˜ข ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ถ๐˜ญ๐˜ต๐˜ข๐˜ฏ๐˜ต ๐˜ช๐˜ฏ ๐˜š๐˜ค๐˜ฐ๐˜ต๐˜ญ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐Ÿฃ๐Ÿซ๐Ÿซ๐Ÿข๐˜ด I thought I was reasonably well...

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The 10 big takeaways from The Local and Regional Economic Development Handbook

The 10 big takeaways from The Local and Regional Economic Development Handbook

Folks - it's been a fantastic week promoting ๐˜›๐˜ฉ๐˜ฆ ๐˜“๐˜ฐ๐˜ค๐˜ข๐˜ญ ๐˜ข๐˜ฏ๐˜ฅ ๐˜™๐˜ฆ๐˜จ๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜Œ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜๐˜ข๐˜ฏ๐˜ฅ๐˜ฃ๐˜ฐ๐˜ฐ๐˜ฌ and many thanks to...

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Economic Development Functions Explained

Economic Development Functions Explained

๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—˜๐˜…๐—ฝ๐—น๐—ฎ๐—ถ๐—ป๐—ฒ๐—ฑ - ๐˜๐—ต๐—ฒ ๐—ณ๐˜‚๐—ป๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ผ๐—ณ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—ฟ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ The Local and Regional...

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