Is Your Community Investment Ready?

In today's economic uncertainty many communities are rounding up the troops and looking internally rather than externally. While communities need to ensure they have a solid business foundation in place they also need to ensure they are ready for opportunities when the tide changes. Economic development does not happen in a bubble and taking advantage of the economic slowdown to proactively prepare for the future is what successful communities are going to do.

Attracting foreign direct investment can provide a community with new technologies, products, skills and financing, and as such, can stimulate and support economic development. Investment readiness is about ensuring a community is ready when opportunity comes to knock on the door.

A recently produced Investment Readiness manual provides answers to explain the general FDI process and what is required by a community. It provides a step by step process that any community can adapt for their specific attraction goals. The manual provides contacts and links for agencies and organizations that provide additional resources for FDI attraction.

There are many communities that are doing investment attraction successfully and are ready for the opportunities. Unfortunately, there are more communities that are not prepared at all. This manual can be the first step to develop the economic development tools necessary.

Click here to download the manual. More information can be found at twitter.com/ecdevcomdev.