Define the Value Proposition
Every City Requires a Specific Economic DevelopmentStrategy
What is the
distinctive competitive position
ofthe geography given its location, legacy, existingstrengths, and potential strengths?
–What unique value as a business location? –For what types of activities and clusters
Develop Unique StrengthsAchieve and MaintainParity with Peers
can be unique strengths relativeto peers/neighbors?
represent local strengths?
must be addressed toremove key constraints and achieve paritywith peer locations?
Economic strategy requires
long lists ofseparate recommendations
Source: Porter “New Hampshire Competitiveness: Creating a State Economic Strategy” (August 2011)Copyright © 2011 ICIC