Why Invest in Economic Development
The International Economic Development Council (IEDC) has published a resource, Why Invest in Economic Development, for members, elected officials and others interested in supporting economic development in their communities.
The federal government has always played a key supporting role in local and regional job creation. Included in this publication are only a fraction of federally funded programs which are leading the way as we work toward our common objective: a stronger, more resilient, more inclusive economy for all. For a modest investment of taxpayer dollars, these programs consistently offer a high rate of return. Equally as important, they are often working in communities and policy areas that might be otherwise overlooked by larger agencies and programs. By targeting specific services, regions or demographics, these examples of federal economic development efforts are able to be more impactful and would not be easily absorbed or duplicated by other agencies. These programs are an essential part of a broader effort to maximize opportunity for every American. Federally funded economic development programs included in this publication are not just worthy of our support, but more so, they should be championed.
To download Why Invest in Economic Development, go to this link: www.iedconline.org/clientuploads/Downloads/2017_Economic_Development_Brochure.pdf
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.