2. Building A Sustainable Local Economy: Fact & Fiction about Economic Development

3. Follow the Data: FACT

4. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data: FACT Follow the Money: FICTION

5. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FACTS

6. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FACTS 1. It’s a global economy.

7. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FACTS 1. It’s a global economy. 2. The pace is accelerating.

8. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FACTS 1. It’s a global economy. 2. The pace is accelerating. 3. It’s driven by technology.

9. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FICTION

10. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FICTION 1. There’s no global impact.

11. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FICTION 1. There’s no global impact. 2. No noticeable change in pace.

12. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Economic Environment FICTION 1. There’s no global impact. 2. No noticeable change in pace. 3. “We’re labor intensive.”

13. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FACTS

14. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FACTS 1. Retail: local, destination.

15. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FACTS 1. Retail: local, destination. 2. Industry: diversified, single-source.

16. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FACTS 1. Retail: local, destination. 2. Industry: diversified, single-source. 3. Government: local, regional, state, federal.

17. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FICTION

18. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FICTION 1. “We’re a tourist economy.”

19. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FICTION 1. “We’re a tourist economy.” 2. “We’re an agricultural economy.”

20. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Know Your Local Economy FICTION 1. “We’re a tourist economy.” 2. “We’re an agricultural economy.” 3. “We’re a government economy.”

21. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FACTS

22. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FACTS 1. National may not apply locally.

23. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FACTS 1. National may not apply locally. 2. County/university forecasts too abstract for local use.

24. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FACTS 1. National may not apply locally. 2. County/university forecasts too abstract for local use. 3. Independent studies too focused for broad application.

25. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FICTION

26. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FICTION 1. Gut forecasts make you sick.

27. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FICTION 1. Gut forecasts make you sick. 2. Assumptions come from many personal experiences.

28. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Follow the Data FICTION 1. Gut forecasts make you sick. 2. Assumptions come from many personal experiences. 3. Published studies are old when they hit the shelf.

29. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Best Data FACTS

30. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Best Data FACTS 1. Empirical beats anecdotal.

31. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Best Data FACTS 1. Empirical beats anecdotal. 2. Localized: precise solutions.

32. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Best Data FACTS 1. Empirical beats anecdotal. 2. Localized: precise solutions. 3. Ongoing research.

33. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Common Sources/Best Data FICTION

34. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Common Sources/Best Data FICTION 1. Public policy groups: research, self-interpreted.

35. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Common Sources/Best Data FICTION 1. Public policy groups: research, self-interpreted. 2. W.A.C.E. surveys: members only.

36. Building A Sustainable Local Economy: Fact & Fiction about Economic Development Common Sources/Best Data FICTION 1. Public policy groups: research, self-interpreted. 2. W.A.C.E. surveys: members only. 3. Local sampling: constant data flow.

37. Building A Sustainable Local Economy: Fact & Fiction about Economic Development “How-to” Create It

38. Building A Sustainable Local Economy: Fact & Fiction about Economic Development “How-to” Create It 1. Use others’ data for your analysis.

39. Building A Sustainable Local Economy: Fact & Fiction about Economic Development “How-to” Create It 1. Use others’ data for your analysis. 2. Collaborate to build a local R&D infrastructure.

40. Building A Sustainable Local Economy: Fact & Fiction about Economic Development “How-to” Create It 1. Use others’ data for your analysis. 2. Collaborate to build a local R&D infrastructure. 3. Build your own R&D infrasturcture.

41. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Desired Outcome

42. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Desired Outcome 1. Clarify the chamber’s role, identity.

43. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Desired Outcome 1. Clarify the chamber’s role, identity. 2. Use the power of best data to become a broker of solutions.

44. Building A Sustainable Local Economy: Fact & Fiction about Economic Development The Desired Outcome 1. Clarify the chamber’s role, identity. 2. Use the power of best data to become a broker of solutions. 3. Syndicate: control & sell.

45. Building A Sustainable Local Economy: Fact & Fiction about Economic Development