SOURCE: International Economic Development Council

International Economic Development Council

February 17, 2014 09:05 ET

IEDC Publishes Groundbreaking Report on Economic Development Metrics

WASHINGTON, DC--(Marketwired - Feb 17, 2014) - The International Economic Development Council (IEDC) announces the release of "Making It Count: Metrics for High-Performing EDOs", a comprehensive and first-of-its-kind report on economic development metrics -- those that economic development organizations (EDOs) currently use and other potential measures to evaluate their performance. This report is based on thorough examination of several hundred organizations in North America and around the world that help create and grow jobs in their communities. It provides an important new tool to help them assess their effectiveness and guidance on how to do so.

IEDC's Chairman William Sproull, FM, President & CEO of the Richardson Texas Chamber of Commerce, notes, "As the global economy becomes more complex and inter-connected, the role that EDOs play grows in influence and impact. Measuring our performance has never been more important. In addition to helping economic development organizations better assess their own performance, this document is a foundation for more informed and deeper discussions with our elected officials and community constituencies. No two communities are alike, but each and every one wants to prosper. 'Making It Count' will help advance all toward that common goal."

"Making It Count" is a practical report, identifying the programmatic, internal, community-based and relationship-oriented metrics EDOs must track. At its heart is a comprehensive, easy-to-use "menu" of nearly 300 economic development metrics that EDOs can choose from based on their mission, functions, scope of services and resources along with a guidebook on EDO performance measurement. The menu can be especially useful for EDOs that do not currently track performance, yet the vast majority of EDOs that do measure performance can use this as an opportunity to revisit their performance tracking systems and revise as necessary.

"Making It Count: Metrics for High Performing EDOs" is available from IEDC to nonmembers for $75.00. IEDC members can download the report at no cost at www.iedconline.org.

About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit membership organization serving economic developers. With more than 4,300 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities, by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC's members are engaged in the full range of economic development experience. Given the breadth of economic development work, our members are employed in a wide variety of settings including local, state, provincial and federal governments, public private partnerships, chambers of commerce, universities and a variety of other institutions. When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions. For more information go to www.iedconline.org

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