EDPractice

EDPractice - Government Agency ED Organizations Government...

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Unformatted text preview: Government Agency ED Organizations Government Agency Development Organizations Component or complete agencies in the local government. Typical in medium to larger cities, but due to their high costs and staffing requirements, not usually seen in smaller cities. Examples : Orlandos Office of Economic Development Tallahassees Economic Development Department Major Advantages--Direct connections to the local political system--Overseen by local government, so oriented to good of the city--Access to government resources Major Disadvantages--Expensive to maintain and staff--Subject to the delays of government bureaucracy (and speed is often crucial to local development efforts)--Often only part of a larger department and ED efforts can receive little attention and funding Private Development Associations Private Development Associations Groups sponsored by local/regional businesses that operate with the permission or endorsement of local government. Example : Tallahassees Chamber of Commerce Major Advantages--Can act quickly, without public intervention--Tireless and active civic boosters--Very effective in fast-moving, marketing-oriented sectors like tourism and technology Major Disadvantages--Bound by their limited interests (their membership comes first)--Limited concept of economic development (generally focused upon promoting existing businesses and real estate/investment opportunities associated with new firms)--Limited funding opportunities Local Development Corporations Local Development Corporations Semi-independent (quasi-governmental) bodies that coordinate and actually manage development projects for or with local government. Example : Miami Development Corporation Orlando Downtown Development Board Major Advantages--Organized as a public-private partnership --Often enjoys support ($$ and power) from both sectors--Can levy taxes to raise funds for redevelopment projects--Can do all the tasks given to it by the public sector, yet remain a private body Major Disadvantages--Sometimes given no authority to implement proposals--Occasional misuse of public funds and power for limited purposes--Often a bricks and mortar orientation--Not directly accountable (a shadow government) Community Development Organizations Community Development Organizations Small, localized economic development organizations engaged in or supporting community development activities like affordable...
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This note was uploaded on 11/27/2011 for the course URP 5540 taught by Professor Chapin during the Spring '10 term at FSU.

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EDPractice - Government Agency ED Organizations Government...

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