It's not easy winning big investment projects, especially in a recovering economy where states are desperate for jobs and competing fiercely with incentive packages, tax breaks, and work force development programs. Successful economic development leaders must make every effort to understand the drivers behind a company's expansion or relocation, match their assets to the company's needs, and make quick decisions. Only then can they survive the often-strenuous due-diligence process and close deals on high-value investment projects that lead to long-term economic growth, job creation, labor stability, and trustworthy relationships — and even the possibility of national or international recognition as a place to do business.
To read the full, original article click on this link: 2011 Gold & Silver Shovel Awards: Recognizing Individual States for Excellence in Economic Development and Job Creation | Area Development Online
