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Evaluation Sourcebook (.pdf) - School of Natural Resources and ...

Evaluation Sourcebook (.pdf) - School of Natural Resources and ...

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STRATEGIESRestore/Manage | Econ./Comm. Develop | Law/Policy | Education/Outreach | OrganizationEconomic <strong>and</strong> community developmentATTRACTING NEW BUSINESSES OR INVESTORSBased on indicators <strong>of</strong> your community’s economy (rates <strong>of</strong> local investment, number <strong>of</strong>jobs paying a livable wage, etc.), your project may have decided that in order to boosteconomic activity or diversify the economy, you need to attract new businesses or investors.This could include activities such as:• Identify <strong>and</strong> provide incentives for specific innovative or sustainable businesses tocome to your town <strong>and</strong>/or• Improve infrastructure, recreational opportunities, services or other amenities thatwould make your community more attractive to investors.To determine the effectiveness <strong>of</strong>your investment activities lookfor progress toward theeconomic, social <strong>and</strong> ecologicalobjectives you hope to achievewith this strategy, consideringespecially the balance betweeneconomic <strong>and</strong> ecological goals.Here, we focus on how well youare implementing this strategy.Sample evaluation questions <strong>and</strong> indicatorsX How well have we planned our strategy to attract new business/investors?To what extent have we determined what would make our community more attractiveto investors? Reasons for attracting new business are clear <strong>and</strong> agreed uponTarget investors/businesses or business types have been identified in concertwith economic <strong>and</strong> ecological goals <strong>and</strong> valuesQuantity <strong>and</strong> quality <strong>of</strong> community input on desired businessesAmount <strong>of</strong> funds available compared to estimated costs <strong>of</strong> attracting newbusiness/investorsNumber <strong>of</strong> meetings, phone calls or focus groups with potentialinvestors/businessesNumber <strong>of</strong> action plans developed from group meetingsNumber <strong>of</strong> meetings/focus groups with local/state politicians, communitymembers, etc.X To what extent are we improving attractiveness to investors? Number <strong>of</strong> new roads/buildings being developedNumber <strong>of</strong> new parks/green spaces being developedNumber <strong>of</strong> new policies that give tax incentives for investmentSurveys <strong>of</strong> potential investors or businesses about degree <strong>of</strong> interestQuantity <strong>and</strong> quality <strong>of</strong> promotional materials createdEcosystem Management Initiative 186

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