There are many sources available to help economic development professionals. Some of these sources are free while others are subscription or fee based. The scope of the following guide is a comprehensive selection of sources which economic developers can use to gain information and ultimately attract industry. While this guide will be beneficial to all economic development organizations, it is primarily aimed at the smaller or less advantaged organizations who are unable to afford an in-house librarian, information consultant or full research team.
Table of Contents
The Economic
Development Support Services and Associations lists a number of resources
which will aid economic development professionals in their efforts to attract
industries. It is intended to provide sources of support by identifying
contacts with other economic development officials and groups. Some of
the groups and associations have actual courses which teach economic development
officials how to best perform their duties; others identify resources which
these professionals will find helpful in their efforts.
Land &
Infrastructure is intended to focus on issues related to site selection,
the ever-changing environmental concerns and policies, and give insight
about how to approach challenges when restructuring sites and communities
due to the closing of either military bases or large industries. The Infrastructure
Resources section provides resources for statistical data on transportation
programs, infrastructure funding and geographic information. Additionally,
sources are listed which can provide users with estimates of shipping and
freight costs. While utility rates and costs are location specific, resources
are listed which give a general idea about cost comparisons among the states
and regions. Most industrial prospects factor infrastructure and transportation
costs in to their site selection decisions.
Comparative
Information & Data list sources for comparative information on
the different taxes, incentives and other data for the United States. Included
are web pages for incentives, statistical, and tax resources.
Labor and
Training Resources is the most important section in this guide. Labor
and training are the two things that concern company officials the most.
Labor shortages are rampant throughout the country and these sources attempt
to provide information about how to correctly assess and explain labor
availability and identifies sources for training labor in order to provide
a strong workforce.
Information about industrial
prospects is pertinent in economic development. Company
Information lists sources which economic development officials can
use to find out about a company's financial status, their product line,
any good or bad press, and other information which is needed to ensure
the company is a good fit into the community. Some of the resources are
made available by private companies while others are provided by the government
or consumer groups. Industry Information provides sources
of information about industries and how they may affect a community or
economy. Additionally, sources are listed which give an industry-by-industry
overview.
Business Journals
and Periodicals are magazines and other serials which are either entirely
devoted to economic development or contain articles or studies useful in
economic development.
Economic Development Support Services and Associations
University
of Washington, Foster Library is a site which list a number
of business libraries. These libraries have online capabilities which enable
a user to perform searches and queries on business related topics. These
links have information about company directories, stocks & financial
data, company news, corporate reports collection and bibliographies &
guides as well as industry classification, general industry statistics,
individual industry statistics and industry news This is an easy and informative
site for quick business related information.
The University
of Pittsburgh's list of 132 community development web sites is a resource
for individuals interested in community development organizations (CDC),
community-based organizations (CBO) and other economic development sites.
The university established criteria and created this list that includes
their selection of the top 20 national sites and the top 20 international
sites.
The U.S.
Chamber of Commerce has a number of useful links important to economic
development. Their website discusses business issues, associations, available
publications, recent policy decisions related to business, as well as provides
a forum for chat groups. It is a good source to keep up with current events.
Within the H. John Heinz
School of Public Policy and Management at Carnegie Mellon University is
the Center
for Economic Development, one of several policy centers at the Heinz
School. The Center for Economic Development is researching a number of
different economic development initiatives including regional economic
benchmarking and strategy development, other sustainable economic strategies,
and pursuing economic growth while promoting environmental sustainability.
The Economic
Development Society is a source for technical literature for academics,
practitioners, and entrepreneurs. This site also provides information on
economic development Internet connections and conferences.
The
Economist is now available through the Internet. Economic developers
can use this web site to access articles, survey data and more.
The Interactive
Economic Development Network is a valuable on-line resource center
for economic development practitioners searching for information, via the
Internet, about the economic development industry.
Center
for Urban Economic Development (CUED) represents the diverse interests
in economic development, from the public sector economic developer to chamber
of commerce executive, to site selection consultant. By becoming involved
in this organization, economic development officials can benefit from the
tools, ideas, resources, contacts and legislative activities conducted
by CUED.
Organization
for Economic Cooperation and Development (OECD) enables its
members to consult and cooperate with each other in order to achieve the
highest sustainable economic growth in their countries and improve the
economic and social well-being of their populations. The OECD offers advice
and makes recommendations to its members to help them to define their policies.
On occasion its also arbitrates negotiations of multilateral agreements
and establishes legal codes in certain areas of activity.
Economic
Development Institute (EDI) assists clients through learning programs
to build capacity for improving the quality of their development efforts.
The Institute offers training to governments and organizations in topics
related to economic development. This training supports the overall objective
of poverty reduction through sustainable and equitable development.
The World
Chambers Network is an electronic meeting place for seeking new business
opportunities, to reach new customers, to gather up-do-date business intelligence
and to connect to economic development teams. It brings together a comprehensive
network of international Chambers of Commerce and strategic global business
partners. The World Chambers Network offers opportunities for businesses
to grow and find new capital investment opportunities.
Land and Infrastructure Resources
The BankAmerica
Corporation Brownfields Redevelopment web site provides background
information on brownfield redevelopment and more detailed information on
the financial risks and opportunities in brownfield redevelopment strategies.
Fink Zausmer sponsors
a brownfield
legal discussion page that provides a guide to brownfield laws and
regulations at the federal and state levels.
A well established center for research and analysis on land policies, the Urban Land Institute (ULI) is a source for information on urban planning, growth and economic development. ULI members and associates represent all fields related to land use and development.
Site
Selection magazine is a monthly publication that is available through
subscription for the print version or free of charge by accessing it online.
This magazine is published by the International Development Research Council
(IDRC) which is an association of corporate real estate professionals.
This magazine focuses on the aspects of site location and concentrates
on industry trends, business strategies, development groups, and regional
and industry reviews.
Area
Development magazine is an information source for site and facility
planning. It identifies the important criteria required for making new
industrial and corporate facility decisions. Monthly, Area Development
identifies and analyzes critical questions and trends and presents analysis
that make the difference between a cost effective location choice or a
costly error. Each year, Area Development also publishes several
specialty publications centered on industrial sectors and world markets.
Advanced
Geographic Information Systems is an organization for municipalities,
utilities, and local governments which offers GIS solutions. Services include
consulting, city planning, surveying, photogrammetry, digital orthophotos
and land assessment.
The EPA's
office of Solid Waste and Emergency
Response maintains a Brownfields
Page to keep economic developers, government officials and community
groups abreast of new information and resources available for the clean-up
and reuse of brownfields.
Part of the EPA web site,
Enviro$en$e is
a clearinghouse for information on pollution control, remediation and enforcement
issues. Case studies, databases, and strategies for remedying pollution
problems are also available through this site.
The Environmental
News Newsletter provides updates on the latest news and information
on environmental issues. The newsletter includes reports on federal and
state decision and actions.
The Northeast-Midwest
Institute's web site has detailed information on the cleanup
and redevelopment of contaminated industrial sites. The Institutes
database provides a unique source of brownfield data and contacts. It includes
on-line publications, including the popular Coming Clean for Economic Development,
lists of state and EPA brownfield contacts, case studies, and updates on
congressional bills. The brownfield information can be found under "Environmental
Quality" on the Northeast-Midwest Institute's home page.
Environmental Protection
Agency--Environmental Indicators
by State -- This homepage provides access at one location to readily
available environmental data that may be useful as environmental indicators
to report status and trends in environmental conditions, or to assess progress
in public and private environmental protection efforts at various geographic
scales. The principal point of entry for obtaining data on-line within
this homepage provides EPA data aggregated nationally or by state. County-level
and zip-code aggregation queries can also be done. Additional on-line data
and documents from other U.S. EPA homepages and numerous other websites
are accessible via hot links from this homepage.
The Ecological
Society of America (ESA) is a non-profit scientific organization that
conducts ecological research, communicates information about ecological
issues and promotes the consideration of ecological impact of development
policies.
The Environmental
Protection Agency (EPA) web site is a source for technical literature
on the economic benefits and costs of pollution control. Other environmental
reports related to economic development issues are also available.
The Department of Defense
sponsors the Defense Conversion
& Technology Transfer (EDA) which was created to assist businesses
negatively impacted by base closings and by defense industry downsizing.
This web site provides information on education and training programs geared
toward improving US manufacturing skills and retraining displaced defense
industry workers.
Bureau
of Transportation Statistics (BTS) allows economic developers to access
data on national transportation statistics, transportation programs and
geographical information services. In addition, users can request information
from the National Transportation Library and databases.
The Energy
Information Administration provides economic developers with information
on the energy industry, petroleum, natural gas, coal, nuclear, electric
and renewable energy. This web site provides publication, program, and
overview information.
Comparative Information & Data
The Economic
War Among the States, sponsored by National Public Radio, is a symposium
of national discussion about using tax incentives, training, subsidies,
land and cash payments to attract businesses and jobs from other states.
The Internal
Revenue Service (IRS) maintains a "Tax
Stats" page that provides economic developers with statistical information
on individuals, corporations, tax exempt organizations, and other entities.
Users can also retrieve data files from the Statistics of Income (SOI)
program and other IRS sources.
State
Code of Law site includes cases and codes as well U.S. Supreme Court
and Circuit court opinions and the US Code. It lists all 50 states and
is an excellent source for legislation for each state.
A leader in policy development
for state governments, the Council of State
Governments (CSG) has produced research studies examining state financial
capacity and economic development. This council seeks policies and solutions
to many of the problems facing today's state governments.
Through the Bureau
of Economic Analysis (BEA) web site, users can access data on regional,
national and international business and economic statistics, including
the gross domestic product. Also accessible through this site is the BEA
monthly journal of record, the Survey of Current Business, which provides
users with a comprehensive package of estimates, analysis, research and
methodology.
Bureau
of Justice Statistics site identifies both local and national crime
statistics and other related data. (Crimes reported to the police, police
employment, homicide data, law enforcement officers killed and assaulted,
arrests, ex.)
The US
Department of Commerce maintains Stat-USA
a comprehensive source for federal government marketing and economic information.
This web site offers information on economic updates and data, international
trade, statistical information, and procurement opportunities.
For the official statistics
on social, demographic and economic information users should visit the
web site of the US Census Bureau.
Of particular interest to economic developers are the current economic
indicators including data on manufacturing, trade, construction and jobs.
The State
Data Centers (SDC) program, sponsored by the US Census Bureau, assists
users in accessing and using census data in research and planning for economic
development initiatives. This web site also provides a directory of census
data center web sites.
County
Business Patterns (Alternate
Site) accesses a database of county, state and national business and
development data. The Bureau of the Census
annually collects the statistics used in this database.
For information on jobs
and the economy visit the Bureau of
Labor Statistics. Here users can access data on employment, productivity/technology,
prices, compensation/working conditions, international programs and many
other types of data and publications.
Economic developers can
use the W.E. Upjohn Institute
web site for research on employment related issues. Through this web site,
users can access publications and reports on employee training, compensation
systems, training programs in economically disadvantaged areas and more.
Insights: Representing
Management in Labor Law and Complex Litigation, Ellzey
& Brooks, LLC
This is a free quarterly newsletter published by a law firm specializing
in labor relations. While the law offices are mainly in North and South
Carolina, the information generally regards federal statutes. It is full
of information regarding the changing labor environment and provides useful
information in easy to read language. The following web site has past and
current issues of the newsletter.
Economic developers interested
in customized corporate training and development should visit Dowling College's
Dowling Institute
web site. The institute fosters partnerships among business, governments,
and community groups to enhance local corporation's competitive edge and
further educate and train the local workforce.
For economic developers
dealing with education and training issues, the National
Center for Education Statistics web site at the Department of Education
can provide statistical data and analysis on education in the U.S. and
other nations. This data can also give users the necessary information
on the supply of trained workers by regional area.
Company and Industry Information
Hoovers
Online publishes information about more than 12,000 public and private
companies worldwide. Hoovers has profiles and information about companies
on the web. Hoover's Company Capsules are a free source of basic
information and useful links for companies covered. Hoover's Company
Profiles offer in-depth information on 3,000 companies. They cover
each company's strategy, history, products and operations, competitors,
and financial performance. The profiles are available through subscription
and online licenses.
NEXIS
Service. Dayton, OH: Mead Data Central.
Online access to more than 750 sources, including articles, publications,
news wire services, financial reports (SEC), accounting standards (NAARS)
and other files, many in full-text and covering many years.
Edgar
Online provides access to all current and historical SEC filings. This
fee-based source is a good resource for information about U.S. company
intelligence. Users are able to perform searches, analyze and use SEC filings
quickly and easily.
Wall
Street Research Network has information on U.S. and Canadian companies.
This easy to use online database is free of charge for most information
requests. The information provided about companies includes company profiles,
research reports, financial status of companies as well as over 500,000
links to other resources for company information.
Zacks
Investment Research is a fee-based online database that has information
about company earnings and financial performance. Zacks is primarily a
financial resource however, it also offers company profiles and research
as well as balance sheet information.
In recent years, the Department
of Energy (DOE) has been geared toward enhancing America's industrial
competitiveness by transferring existing technologies from the department
to the private sector. DOE does so through partnerships that work to improve
manufacturing processes and the introduction of new processes.
Business Journals & Periodicals
There are a number of magazines and journals that have articles related to economic development. A number of these have annual rankings on all sorts of topics ranging from education to site selection.
American
Demographics Magazine offers users a variety of demographics and marketing
tools for increasing the economic activity of a business or region.
Demographics
Journal lists the gross state product for each state. They break down
different sectors including manufacturing and the service sector.
Inc.
annually lists the top 500 companies in the US. Full contents of the
14 annual issues of Inc. and four annual issues of Inc. Technology
are posted at Inc. All stories back to 1988 are available for free in the
online archives.