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Edjeconomic Development Journal The IEDC EDj Economic Development Journal 734 15th Street, NW Suite 900 • Washington, DC 20005 Volume 10 / Number 3 / Summer 2011 Ten Years after the Merger A Celebration of IEDC and Its Forerunners Economic Development in the Post Crisis Era Globalization’s Evolving Opportunities, Challenges & Tensions Incentives 2.0 Rewarding Sustainable Development and Social Accountability Large-Scale Redevelopment in Challenging Times Jacksonville, Florida, Engages a Private Master Developer to Realize the Community’s Economic Development Vision Riding the Waves of the Economic Storm How One Southern California City Pulled Together Its Resources to Build a Strong Foundation for Recovery Economic Development Journal / Summer 2011 / Volume 10 / Number 3 1 it pays intErnational Economic devElopmEnt council to bE a about iedc mEmbEr The International Economic Development Council (IEDC) is the premier international The savings that association dedicated to leadership and excellence in economic development. IEDC can equip you with the tools and resources that are helping to shape economic development throughout membership brings on the country and around the world. Our services include: conference attendance, • ED Now, a twice-monthly newsletter publications and member • Economic Development Journal, a quarterly publication services more than covers • Improved access to resources and information the cost of membership. • Enhanced educational choices • Stronger advocacy and access at the Federal level Member dues are prorated • Expanded networks and alliances according to the • Industry-leader publications organization or company • Expanded research and technical assistance type. Don’t miss out on • An international presence the value and savings of becoming an IEDC ThE IEDC member. Join the premier Economic Development Journal economic development International Economic Development Council 734 15th Street, NW Suite 900 • Washington, DC 20005 • www.iedconline.org association today. Chair: Dennis G. Coleman, CEcD, FM President & CEO: Jeffrey A. Finkle, CEcD Call IEDC TODAY to Editor: Jenny Murphy sign yourself up as a Editorial Board: Ronnie Bryant, CEcD, FM, hLM, chairman; William Beyers, Ph.D.; Janet Cypra; Donald haider, Ph.D.; Rick Loessberg; Phillip D. Phillips, Ph.D.; Karin Richmond, Ph.D., FM; Ronald Swager, Ph.D.; Mark D. Waterhouse, CEcD, FM; member or to receive and Charles h. Wood further membership Manuscripts are invited and should be addressed to the editor. Articles contained in Economic Development Journal represent the authors’ views and not necessarily those of IEDC. No articles may be reproduced without permission from information: IEDC. Copyright (c) 2011, the International Economic Development Council (202) 223-7800. Fax: (202) 223-4745. [email protected]. ISSN 1539-1922. Subscriptions $60 per year; for individual issues – $20. Advertising is (202) 223-7800. available. Contact IEDC for details. Or visit our homepage at oFFICErs AND BOARD oF J. Vann Cunningham Klaus Thiessen James A. Garver, CEcD, FM, HLM www.iedconline.org. DIRECTORS Kenneth E. Dobson, FM Allison J.H. Thompson, CEcD, Victor S. Grgas, HLM Maurice D. Ewing, CEcD EDFP James W. Griffin, CEcD, FM, HLM Officers Neil Everson, EcD Anatalio Ubalde, FM James H. Gullyes, HLM Dennis G. Coleman, CEcD, FM Jacques Evrard Steve Weathers, CEcD James C. Hankla, HLM Chair Robert Fine Holly Wiedman Robin Roberts Krieger, FM Jay C. Moon, CEcD, FM Kristen Fish, CEcD Joy S. Wilkins, CEcD Ronald C. Kysiak, HLM Vice Chair Thomas M. Flynn, CEcD Roy H. Williams Robert E. Leak, Sr., CEcD, HLM Lynn Martin Haskin, Ph.D. Raymond Gilley Marilyn Swartz Lloyd, HLM Barry Matherly, CEcD Gerald L. Gordon, Ph.D., FM, PAST cHAIRS Joseph A. Marinucci, FM William C. Sproull, FM HLM William E. Best, FM William J. McDermott, CEcD, Paul Krutko, FM Todd Greene, CEcD Frank Birkhead, CEcD, FM, HLM FM, HLM Secretary/Treasurer Daniel C. Gundersen Thomas D. Blanchard, Jr., HLM John D. Morand, CEcD, FM, HLM William E. Best, FM Don A. Holbrook, CEcD, FM M. Ross Boyle, CEcD, FM, HLM Ioanna T. Morfessis, Ph.D., HLM Immediate Past Chair Donald E. Jakeway Ian Bromley, MA, MBA, FM, Edward A. Nelson, Jr., CEcD, Barbara K. Johnson FRSA FM, HLM Jeffrey A. Finkle, CEcD James R. Kinnett II, CEcD, FM Ronnie L. Bryant, CEcD, FM, HLM D. Kenneth Patton, HLM President & CEO Thomas A. Kucharski, CEcD Steven J. Budd, FM James O. Roberson, CEcD, FM, Board of Directors Andrew T. Levine Robert B. Cassell, CED, FM, HLM HLM Scott D. Adams, CEcD Gail Lewis Kurt Chilcott, CEcD, FM, HLM Judie A. Scalise, CEcD, FM, HLM William Allen Diane C. Lupke, CEcD, FM John P. Claypool, HLM Bill R. Shelton, CEcD, FM, HLM Charles S. Alvey, CEcD Judy McKinney-Cherry, CEcD Gary Conley, HLM Wayne Sterling, CEcD, FM, HLM Rita Athas Janet M. Miller, CEcD, FM James A. Covell, CEcD, FM, HLM David C. Sweet, Ph.D., FM, HLM Ivan Baker, CEcD Fred Morley Walter D’Alessio, HLM Rick Thrasher, CEcD, FM, HLM Mark Barbash, FM Phillip D. Phillips, Ph.D., CEcD James A. Devine, CEcD, FM, HLM Mark D. Waterhouse, CEcD, FM, Howard C. Benson Joy M. Pooler, CEcD, FM Donald G. Dunshee, CED, FM, HLM David Berzina, CEcD Craig J. Richard, CEcD HLM Rick L. Weddle, FM Dyan Lingle Brasington, CEcD, Wayne Schell, FM Murray A. Elder, HLM April Young, Ph.D., HLM FM Mike Schwenk Harry G. Foden, CEcD, FM, HLM Tim Chase, CEcD, FM Walter C. Sprouse, Jr., CEcD, Jay A. Garner, CEcD, CCE, FM, Tedra Cheatham, CEcD CCE, FM HLM JoAnn Crary, CEcD Economic Development Journal / Summer 2011 / Volume 10 / Number 3 2 2 LettEr From the Chair dear colleague IEDC celebrates its tenth anniversary this year as the profession’s leading economic develop- ment organization in the world. This year also marks the 85th anniversary of the American Eco- nomic Development Council (AEDC) as well as the 44th anniversary of the Council for Urban Dennis G. Coleman, Economic Development (CUED). These organizations merged in 2001 to form IEDC. In addi- CEcD, FM tion, it has been 25 years since Jeff Finkle, IEDC’s President and CEO, was hired as President of IEDC Chair CUED. To commemorate these anniversaries, staff interviewed former AEDC, CUED, and IEDC lead- ers to document the history of the economic development profession. The article on “Ten Years after the Merger: A Celebration of IEDC and Its Forerunners” appears in this issue of Economic Development Journal to coincide with the project. Staff have conducted almost 60 interviews, re- flecting leadership which spans six decades. These transcripts will be compiled with audio clips and over 3,500 images to be available on the IEDC website. It has been especially rewarding this year to assist IEDC with its mission of providing leader- ship and excellence in economic development for our communities, members, and partners. In fact, leadership development in economic development has been the focus of my tenure as chair this year. Along these lines, we are working with a task force of our members and a consulting firm to develop leadership competency models for executives as well as professional staff of eco- nomic development organizations. These models will help future economic development leaders to assess the skills and experience they need to develop in order to grow professionally within our industry. The final models will be released to the IEDC membership at the 2012 Leadership Summit in San Antonio. IEDC is also leading the way in producing resources that equip economic developers to be leaders in growth areas such as entrepreneurship, clean energy, and advanced manufacturing. IEDC’s Economic Development Research Partners (EDRP) program is an exclusive membership level which supports practice-oriented research in such areas as successfully competing in the global economy, accelerating community prosperity, and empowering organizations and indi- viduals. Recent EDRP publications include Unlocking Entrepreneurship: A Handbook for Economic Developers; High Performing Economic Development Organizations; and Jobs in the Making, a report on the future of manufacturing to be released at the Annual Conference. IEDC also recently produced Powering Up: State Assets and Barriers to Renewable Energy Growth, funded by the Energy Foundation, which highlights strategies, supply chain issues, and best practices in funding mechanisms for developing renewable energy sectors. In addition, the organization has launched a new web portal, RestoreYourEconomy.com, with funding from the U.S. Economic Development Administration. This website serves as a one-stop shop of disaster preparedness and post disaster economic recovery resources, tools, event an- nouncements as well as opportunities to connect with peers through social media groups. I look forward to seeing many of you at IEDC’s Annual Conference in Charlotte. Themed “Connect Locally, Succeed Globally,” we’ll be discussing how economic developers are adapting to the new normal economy and rewriting the rules for economic development. It’s the premier educational and networking event for members of the economic development community. Dennis G. Coleman, CEcD, FM IEDC Chair Economic Development Journal / Summer 2011 / Volume 10 / Number 3 3 3 The IEDC Economic Development Journal TablE of ContenTs Ten Years after the Merger ..............................................................5 A Celebration of IEDC and Its Forerunners by Frankie Clogston Ten years ago, the American Economic Development Council (AEDC) and the Council for Urban Economic Development (CUED) merged to form the International Economic Development Council.
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