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Economic Development

ICF International can help you find out where your region's economy has been, where it is going, and where it needs to be in order to achieve the goals of a high performing nation, state, or region. We employ the following steps and strategies in developing strong, sustainable economies:

News
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ICF Receives Second Task Order from Millennium Challenge Corporation to Provide Engineering and Environmental Consulting in Armenia
ICF International Awarded Major Contract to Help Rebuild Louisiana Housing Infrastructure
Charles Bartsch, Specialist in Brownfield Reuse and Smart Growth, Hired
ICF Assists City of San Francisco in Creating City's First Economic Development Strategy
Community and Economic Development Publications
Clusters 2.0: The Local Reality of Globalization
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Community and Economic Development for Sustainable Prosperity
Support to the Millennium Challenge Corporation (MCC)
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Mission: Collaborative Solutions to Build High Performing Regions

In today's global economy, metropolitan regions are the center of growth and the locus of innovation. Every region now faces the challenge of establishing and sustaining its position in the global marketplace. To succeed in the global economy every region and its public and private leaders must:

  • Build Prosperity—Understand international markets, the structure and position of their economy, and take steps to increase competitiveness

  • Reduce Disparity—Understand the economic, social, geographic and participatory "fairness" of their communities and take steps to ensure improved equity

  • Increase Sustainability—Understand the environmental and growth challenges facing the region and how best to manage them in a "smart manner"

  • Strengthen Agility—Understand how information and communications technology can be used to redefine and improve the delivery of public and private services

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Framework: Four Rules for a High Performance Region

Our diverse body of experience has been acquired through our assignments in North and South America, regions of Asia, Western Europe, Eastern Europe, and the Middle East. Through work in many different cultures and economies, our team has developed four fundamental principles or rules that can be used by regions to effectively achieve higher performance.

Rule 1: Focus on Your Region, Not the Jurisdiction
  • Your economy does not stop at political boundaries.
  • The region is where we measure our prosperity, disparity, and sustainability.
  • A region is the distance an individual can commute to work.
  • Small nations are similar to regional economies due to global linkages.

Do you know how your region is performing?

All regions compete: Are you thinking regionally to act globally?

Rule 2: Competitive Clusters Drive Regional Performance
  • Clusters are the "engines" of your economy, driving its prosperity.
  • They comprise export industries, suppliers, and public and private "input" institutions.
  • Clusters generate revenue from outside the region and from high economic multipliers.
  • They may have "deep" value chains as well as "broad" diversity of sectors.
  • Clusters evolve from seed to emerging, to expanding and transforming stages.

Do you know the structure of your region's portfolio of clusters?

Do you know how your clusters are performing compared to your competitors?

Rule 3: Create Regional Advantage to Enable High Performance
  • Regional performance—prosperity, disparity, sustainability—is shaped by clusters and enabled by regional economic input institutions or "foundations."

  • Every region has a set of economic input "foundations" that energize and support clusters—these are systems that deliver human resources, technology, financing, physical infrastructure, infostructure, business climate, and quality of life.

  • Clusters take shape and grow where they can find distinctive economic input advantage.

Do you know your region's input advantages and how well they support and respond to your clusters?

Are you prepared to use your regional assets in new ways or make "legacy" investments to build your region's future?

Rule 4: Collaborative Culture Enables High Performing Regions
  • High performing regions continually create distinctive advantages in their economic input foundations and clusters.

  • These advantages are enabled by a strong collaborative culture.

  • Collaborative culture means that public and private stakeholders are able and willing to change behavior and make strategic investments when needed.

  • They think about regional performance in terms of building agile communities of exchange—business to business, business to institution, institution to institution.

Do you know your region's collaborative capacity?

Are you able to convene your marketplace of clusters and institutions to create new sources of distinctive advantage?

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A Proven Analytic and Collaborative Strategy Process

Each of the ICF International offerings applies a proven analytic and collaborative strategy process. We accomplish our results by putting to work an integrated set of proprietary techniques for measuring regional performance, cluster analysis, economic input foundation evaluation, collaborative process, and action implementation. We use these tools to develop strategies that address regional performance challenges in competitiveness, equity, sustainability, and productivity.

A Four-Phase Approach: Our strategy initiatives typically encompass four phases of value-added service that are customized to the needs of our clients:

  • Mobilize: We listen to, educate, engage, and commit public and private stakeholders to participate in the regional collaborative strategy process. This phase is used to learn about the region, to ensure buy-in, and to build readiness of regional stakeholders for collaborative solutions, including capacity building where required.

  • Analyze: We complete a three-component diagnosis. First, we assess and benchmark your region's overall performance, including prosperity, disparity, sustainability, and agility. We then analyze the structure and competitive position of regional economic drivers—your existing and emerging cluster portfolio—and their prospects. Depending on client requirements, this may include determining the equitability of opportunity, the sustainability of growth, and the agility of development. We then assess the capacity, fit, and responsiveness of regional input institutions to the needs of the economic "drivers". This major analysis identifies baseline regional performance status and structural performance challenges, setting the stage for collaborative strategy.

  • Catalyze: This multistep process produces realistic actions that change behavior or create new investments to achieve enhanced regional performance. We begin by organizing and convening stakeholders around the regional performance issues. Then, informed by this, we convene each of the entire region's industry clusters and their key institutions. These working groups first collaborate on defining their shared challenges. Then, working with each group, we define collaborative solutions, building from global best practices and our own experience. This strategy development phase concludes with formalizing collaborative business plans that result in mutually beneficial actions and, more importantly, provide a return on solution for every participant. In addition to crafting strategies to improve the competitiveness, equitability, sustainability, and agility of clusters, this process also brings together regional leaders (stewards) with cluster co-chairs to define cross-cutting "flagship" initiatives. These initiatives are broad reforms and innovations that will energize the entire regional economy.

  • Realize: To ensure that the components of the regional performance strategy are carried out, we develop an implementation mechanism with regional leaders. Each implementation structure is shaped to ensure and sustain continuity of regional performance action strategies—for cluster groups, cluster actions and flagships. The ICF International team often provides technical assistance in designing and planning major action initiatives arising from regional strategies, whether training initiatives or technology institutions. Our strategy services always focus on achieving change and momentum for continuous improvement. To support these processes we can provide our clients with information technology solutions that enable monitoring regional performance on a continuing basis.

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Our Offerings

Economic Development regionsWe build from a platform of strong technical knowledge and proven analytic and collaborative strategy process to offer our clients the integrated services they require to achieve a high performing regional economy. We can offer an integrated strategy or focus on the critical challenges that face your region's performance. Each of our offerings will always be tailored to meet your needs:


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Contact us via e-mail at info@icfi.com Contact us by phone at 1.703.934.3603