Economic Development

Economic Analysis, Forecasting and Policy Development:

Powers Economics partners with top flight research economists to analyze market conditions, trends, and opportunities unique to local and regional economies. We help communities make well-informed policy decisions to accentuate strengths, mitigate weaknesses, and reposition for a dynamic, sustainable future. Powers Economics’ analysis and forecasting service delivers information critical to successful planning.

Assess, Design, Fund, Execute and Sustain Strategic Economic Development Initiatives:

Powers Economics works with local communities to create economic development strategies tailored to leverage the comparative and competitive strengths of their respective regions. The knowledge based economy drives global competitiveness. Communities, and the companies they seek to retain, recruit and grow, must be positioned to compete with distinct sustainable economic development strategies. Deep market research, and an objective assessment of a particular communities strengths and weaknesses, is the key to making informed decisions aimed at targeting the "right" companies and the primary jobs they create.

Powers Economics can help your community find answers to these important questions:

• Where is our economy, where is it heading?
• What are the local business and employment trends?
• What are our challenges - where are our opportunities -  what are the measurements of effectiveness?
• Who's the competition - how can we strengthen our competitiveness and capacity to change?
• What types of economic development strategies are we prepared to pursue?    

Powers Economics works with a host of strategic specialist partners, and key community stakeholders, to craft and fund innovative economic development plans. Powers Economics helps craft plans designed to attract broad base support empowering the community to own and implement its unique plan. Powers Economics understands that an abundance of social, political, creative, human and financial capital is essential to developing and sustaining economic development initiatives.

Successful development and execution of sustainable economic development strategies is dependent upon balancing, and continually rebalancing, core, and often competing, elements: * economy * environment * equity. Powers Economics helps its clients to find and strike an effective, concurrent balance of these ever-present essential long-range economic elements.

When it comes to approaching the community for investment in it’s economic future - some consultants shy away from the heavy lifting, they step back and wish the community leaders well. Others simply say: “call me when ‘you’ve’ raised the money” – not Powers Economics.

At Powers Economics we love to rollup our sleeves and stand shoulder to shoulder with local leadership as together, and with conviction, we ask for and fill the order. The principals at Powers Economics have a strong track record of marshalling the resources necessary to initiate, sustain, complete the campaign and . . . get the job done! At Powers Economics we are with you before, during, and long after the parade is over and the bandwagon is back in the barn.

Interregional and Intraregional Economic Development Correspondent Services:

Powers Economics enjoys strong strategic relationships in multiple regional and sub-regional markets. Powers Economics is uniquely situated to forge strategic partnerships between organizations and communities that too often view themselves as current competitors - rather than prospective long-term strategic collaborators. Armed with valuable market intelligence, and uncompromised discretion, Powers Economics assist competing economic development organizations in working together for the benefit of the primary clients they serve - "private enterprises" - to assist in the creation of valued primary jobs in local and regional communities.

Public - private economic development organizations must always bear in mind that what's good for business is - in balance -  generally good for the community. With this axiom in mind, Powers Economics works with economic development councils and related business and professional associations to help their “hometown” companies grow and expand into additional markets. We do so by discretely assisting companies to identify and evaluate new opportunities to expand their presence into markets beyond their headquarters community - leading to retention and growth of value added primary jobs and revenues in the headquarters community, as well creating new jobs and revenues in the expansion community – a win, win, win scenario.

Powers Economics offers confidential correspondent services to regional economic development organizations to assist their private enterprise clients -"good corporate citizens”- in exploring and acting on expansion opportunities in other markets. Let us help you, help the pillars of your business community, to grow jobs at home as they pursue additional opportunities in expanded markets.