Solving Challenges Others Cannot Economic Development Trends Christopher D. Lloyd March 23, 2008.

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Presentation transcript:

Solving Challenges Others Cannot Economic Development Trends Christopher D. Lloyd March 23, 2008

Trends Overview Corporate trends Policy trends

Corporate Trends Increasing internal competition for capital investment funds Shorter timeframes for corporate decision making Acceleration of project development Devaluation of tax credits

Corporate Trends More attention to long-term project costs (especially property taxes) Increased use of internal training resources Increased use of out-of-town contractors and project managers

Corporate Trends Increased attention to DMBE contracting Workforce diversity Desire flexibility in performance agreements for market fluctuations Increasing importance of infrastructure incentives

Corporate Trends Commitment to environmental stewardship and sustainability Rational and uniform environmental laws Sinking U.S. dollar is spurring corporate investment by foreign companies Focus on energy costs

Policy Trends Shrinking budgets (real and nominal) Increasingly complex incentives – consultant job security Performance based incentives (grants) instead of tax credits “Ombudsman” initiatives

Policy Trends Increasing flexibility in use of training funds/delivery platforms More local incentives Site certification

Perceptions of North Carolina – The Good Strong ability to put lots of money on the table Strong pro-business climate Right to work and proud of it! Supportive local governments Excellent post-secondary education

Perceptions of North Carolina – The Bad Aging and crumbling transportation infrastructure Weak international connections (ports and airports) Tax burden increasing Incentives litigation

Perceptions of North Carolina – Issues to Watch Energy policy and politics Environmental policy and politics Impact of BRAC Impact of immigration Rural North Carolina – the Have Nots

THE END Business Expansion Services | Constituency Development | Economic Development | Federal Budgeting and Contracting Advice | Federal Legislative Assistance | Grassroots Contact Program | Issue Advocacy | PAC Consulting | Public Infrastructure Finance | Public- Private Partnerships | Referendum Campaigns | State Government Relations ATLANTA BUCHAREST CHICAGO SPRINGFIELD RALEIGH RICHMOND TYSONS CORNER WASHINGTON, D.C.