At its most elemental, economic development is the practice of building resiliency, diversity and dynamism into a local economy. This can be achieved through both programmatic and project-based initiatives designed to grow the employment and tax base, and position a community for emerging economic trends and opportunities at both the regional and global levels.
The work always starts with a thorough assessment of a community’s existing asset-base –as well as that of the larger region — to understand how it/they can be capitalized upon to achieve these outcomes. It advances with a highly customized, place-based economic development strategy together with the requisite tactical implementation tools and incentives (i.e. tax redirection, marketing/branding, capacity-building, infrastructure investments etc.) to help realize the community’s economic objectives.
KKC provides our clients with the necessary tools and technical assistance to realize their economic and job growth goals. Our customized strategies are always focused squarely on implementation and the delivery of tangible, measurable outcomes. Together with our performance-based planning services, KKC provides our clients with a practical and solution-oriented approach to economic development.
Our fundamental service areas necessary to ensuring long-term economic development success include:
- Demographic Analysis/Competitive Profile Assessment
- Strategic Planning
- Target Business Identification & Attraction
- Business Retention/Expansion Campaign Strategy
- Tax Increment Finance (TIF) Strategy & Program Design
- Workforce Development Analysis
- Incentives
- Market Research and Analysis
- Stakeholder Facilitation and Education
