Modernizing Economic Development
Economic development requires consistently updating and improving the strategies, methods, and technologies used to stimulate and manage the economic growth of our community.
This concept involves several key areas we can work on:
- Adoption of New Technologies: Integrating advanced technologies such as digital tools, data analytics, and automation to improve efficiency and productivity in various sectors of the economy.
- Innovation and Entrepreneurship: Encouraging the creation of new businesses and supporting innovative startups, often through incubators, accelerators, and access to venture capital.
- Workforce Development: Investing in education and training programs to build a skilled workforce that can meet the demands of a modern economy, including retraining workers for emerging industries.This also includes working with high schools and Ball State to keep our students here. Some of our best minds and talent leave the area up
- Global Competitiveness: Enhancing the ability of local businesses to compete in the global market through improved infrastructure, trade opportunities, and access to larger markets.
- Public-Private Partnerships: Encouraging collaboration between government, private sector, and educational institutions to drive economic growth.
- Inclusive Growth: Ensuring that the benefits of economic development are distributed widely across different demographics and communities, reducing inequality and improving quality of life for all residents.
- Smart Urban Planning: Implementing smart city concepts and infrastructure improvements to make our county more livable, efficient, and attractive for businesses and residents.
I also will perform a comprehensive review of all TIF districs after I'm elected. And we will also scrutinize tax abatements, as not every new project thatcomes to Delaware County needs a tax abatement. They should only be provided in cases where getting a project to the finish line is necessary. In summary, modernizing economic development is about embracing change and innovation to create a more dynamic, sustainable, and inclusive economic environment.