Will economic development investment bring returns in 2010?

Posted on January 3, 2010 by Daryl Phillips, CEcD

Location decisions for retail and industrial prospects will become more straightforward as communities pull back from incentives and assistance that bring companies and jobs. This article, “Cities, counties take back corporate tax breaks“, informs of communities that hold companies to their promises of job creation made pre-recession. Other communities have abandoned investing in industrial and retail recruitment, hoping to maintain the status quo. Others are taking the ‘as the going gets tough, the tough get going’ attitude. As 2010 progresses, we will see who prospers and who is left behind.

About Daryl Phillips, CEcD

I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS). Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee. I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers. I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.
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