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Our approach to economic development consulting is to identify the unique package of assets and challenges of a community, region or state and leverage our extensive experience working with companies and communities to deliver meaningful advice that gets results. We offer a variety of services from the development of a long-term strategic plan to evaluating the readiness and completeness of specific resources.
- Development of Strategic Plans
MS&B engages in a comprehensive process that results in a workable plan to assure the future economic growth of a community and includes the following elements:
 Gather feedback from employers, government agencies, the community residents and other stakeholders provided by both interviews and Internet-based interviews,- Preparation of comprehensive profile of the local economy and its dynamic elements
- Evaluation of economic development resources that includes labor, real estate (available buildings and sites), education at all levels, training, transportation, available incentives, etc.).
- Benchmark peer communities to seek out best practices.
- Review of the economic organization and its effectiveness in retaining/expanding existing businesses, attracting new business and stimulating local start-up businesses.
- Identify target industries and types of businesses that would thrive in the area.
- Perform a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis for the community.
- Develop a vision and goals along with an action plan to implement the goals.
- Define the appropriate metrics for each goal to assure progress is being made.
- Facilitate a series of community information meetings and include classroom presentations in area high schools and the community college.
- Develop Industrial/Office/R&D Park Strategies
Provide recommendations on the type and location of an industrial park, provide a rough layout for an industrial park or determine the highest and best use (types of industries/companies) for an existing industrial park.
- Perform Labor Market Analysis
Determine the short and long-term labor needs of existing and potential employers as well as the desires of the local population for jobs in the future. Identify issues/shortfalls in labor supply and types of skills that are required for specific industries.
- Develop Profile-Based Communications Tools for Marketing the Community
A comprehensive profile of the community resources is prepared in a highly graphic and easy to read format that is attached to the communities web site in PDF format for easy downloading. MS&B gathers and presents the information as a site selection consultant would so as to minimize the response time required by routine inquires from prospects and their consultants. This approach has proven results.
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Example Project Work
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Contact MS&B
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