Economic Development Basic Course

/files/2008 ED Course/08 ED Group Work 2.jpgMEDA has partnered with the International Economic Development Council (IEDC) and Western Michigan University to offer the Economic Development Course. This week long course is a comprehensive educational opportunity with focus on the critical areas of economic development. For those seeking national certification, the Economic Development Course is the first requirement in the process towards receiving your Certified Economic Developer (CEcD) certification. This course qualifies as a professional development training requirement needed to sit for the CEcD examination. CEcD certification through the IEDC is a national recognition that denotes a mastery of principal skills in economic development, professional attainment, and a commitment to personal and professional growth.

The course is accredited by the International Economic Development Council. For more information, see www.iedconline.org or call 202-942-9466. The International Economic Development Council is a non-profit membership organization dedicated to helping economic developers do their job more effectively and raising the profile of the profession.

Current Events
The Economic Development Basic Course is scheduled for October 4 - 7 in 2010. You can register using the link below.

Agenda
Click Here for the 2010 Economic Development Basic Course tentative agenda.

Cost
MEDA Members: $625
Non-MEDA Members: $850
Please note that your membership status with the IEDC does not qualify you for the member rate for the Economic Development Basic Course.

Location
The 2010 Economic Development Basic Course will be held at:
Eagle Eye Golf Club
15500 Chandler Road
East Lansing, MI 48823
Eagles Nest Conference Room
517-641-4570
Get Directions

Accommodations
You can reserve hotel rooms for the Economic Development Basic Course here:
Hampton Inn
2500 Coolidge Road
East Lansing, MI 48823
Call 517-324-2072 for reservations. DO NOT CALL 517-627-8381 - that is the wrong Hampton Inn.
Rate: $65/night
Ask for: MI Economic Developers Assoc. room block
Reserve by: September 3, 2010
Get Directions

Registration
Click Here to register for the Economic Development Basic Course and other CEcD Courses.

Scholarship Information

Past Courses
Click Here to see the brochure from the 2009 Course. Click Here to view pictures.
Click Here to see the brochure from the 2008 Course. Click Here to view pictures.

Economic Development Basic Course Required Sessions
The following nine sessions are held at the Ecomomic Development Basic Course each year.

Strategic Planning
Strategic planning for a community or
organization envisions its future and develops
necessary procedures and actions to achieve
that future. This session will focus on the
background understanding of strategic
planning and its process, how to design &
organize the process, and developing
strategies and formulating action plans.


Entrepreneurship; Small Business Development
This session will provide an overview of the role
of small business in the U.S. economy, creation
of jobs, a brief profile of the small business
creation process, and an introduction to the
new and emerging areas of small business
creation.


Managing an Economic Development
Organization
This session will cover the issues specific to
economic development organizations such
as; working with leaders, developing a vision
for the organization and community,
delegation of available resources to the right
programs and the development of the most
appropriate programs for that organization
and community.


Attraction and Marketing
As an economic developer, it is important
that you have basic knowledge of the
marketing process and its benefits. This
session will focus on the marketing process,
geographic and economic considerations,
suspects vs. prospects, and advertising &
promotion. Also addressed will be market
research and targeting.

Real Estate Development and Reuse
In this session, participants will be introduced
to the land development process, with an
emphasis on the role that the economic
developer plays. Participants will learn about
the various tools that are available
at the local level, including tax increment
financing, bonds, land assembly and
eminent domain, in addition to the many
federal programs available.

Financing
This session will focus on several key elements,
including: blending of sources, capital
availability, source of long-term financing,
returns to the lender, and leveraging.
Once we have a better understanding of the
structure, we will then look at the two sectors
in financing: public and private.

Workforce Development
Workforce development is quickly becoming
the #1 focus for economic development
organizations. A skilled and educated
workforce is crucial in today’s economy.
This interactive session will focus on the
need for the creation of workforce development
programs that address both community
and business needs.

Community Development
This session will provide an understanding
of the steps in the community development
process, and the challenges of community
development in economic development
practice.

Retention and Expansion
Business retention and expansion is critical
in today’s economy. The objectives of
this session will include how to organize a
business retention and expansion program.
We will cover how to provide examples
of programs and activities that foster the
growth of existing business, to recommend
strategies helpful in implementing a successful
program, and identify valuable local
resources.