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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

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๐——๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ฎ๐˜ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜?

๐——๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ฎ๐˜ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜?

I mean the question literally, and I think everyone in this field should answer it. Not โ€œdo you want your place to prosperโ€ - everyone wants that, the way everyone wants good weather. I mean: does your institution intend to become genuinely excellent at the discipline...

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๐—ฆ๐˜„๐—ฒ๐—ฑ๐—ฒ๐—ป: 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—ฆ๐˜„๐—ฒ๐—ฑ๐—ฒ๐—ป: 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.๐—ฆ๐˜„๐—ฒ๐—ฑ๐—ฒ๐—ปโ€™๐˜€ approach to local and regional economic development (LRED) provides vital insights into balancing...

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๐—š๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐˜†: 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—š๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐˜†: 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.๐—š๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐˜†โ€™๐˜€ approach to local and regional economic development (LRED) provides vital insights into balancing...

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The 1996 Test

The 1996 Test

๐—›๐—ฒ๐—ฟ๐—ฒ ๐—ถ๐˜€ ๐—ฎ ๐˜๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ฒ๐—ด๐˜†. ๐—–๐—ผ๐˜‚๐—น๐—ฑ ๐—ถ๐˜ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฏ๐—ฒ๐—ฒ๐—ป ๐—ฝ๐˜‚๐—ฏ๐—น๐—ถ๐˜€๐—ต๐—ฒ๐—ฑ ๐—ถ๐—ป ๐Ÿญ๐Ÿต๐Ÿต๐Ÿฒ ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ด๐—ผ๐˜€ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ๐—ฑ? Growth...

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๐——๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ฎ๐˜ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜?

๐——๐—ผ ๐˜†๐—ผ๐˜‚ ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜ ๐—ฎ๐˜ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ ๐—ฑ๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜?

I mean the question literally, and I think everyone in this field should answer it. Not โ€œdo you want your place to...

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๐—ฆ๐˜„๐—ฒ๐—ฑ๐—ฒ๐—ป: 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—ฆ๐˜„๐—ฒ๐—ฑ๐—ฒ๐—ป: 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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