State and local governments sometimes have an uneasy relationship with economic development, preferring to leave the economy to the forces of the market. However, state and local governments are now realizing that the outcomes of economic development need not be abstract, nor its tools opaque— rather, economic development in the 21st century is about cueing the right market signals that catalyze private sector activity to create economic opportunity for citizens. This requires the careful calibration of policy, programs, incentives and infrastructure to bring new jobs, expand their tax base, and grow their competitive advantage.
At Guidehouse, we specialize in helping state and local governments define their economic development strategy, orchestrate the ecosystem of public, private, and institutional players around a shared agenda, and put in place the supportive programs to breathe new life into their economies.
Guidehouse’s range of experience covers the following topics:
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