International Economic Development Council
|International Economic Development Council|
|Motto||The Power of Knowledge and Leadership|
|Headquarters||Washington, D.C., United States|
- 1 International Economic Development Council (IEDC)
- 2 Background
- 3 IEDC Members
- 4 IEDC Programs and Services
- 5 International Partners
- 6 See also
- 7 References
- 8 External links
International Economic Development Council (IEDC)
The International Economic Development Council (IEDC) is a non-profit membership organization serving economic developers. With more than 4,000 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.
IEDC is located in Washington, D.C., and is governed by a Board of Directors and by the President and CEO, currently Jeffrey Finkle. As a 501(c)(3) nonprofit organization, IEDC is legally barred from endorsing political candidates and may only engage in limited lobbying activities.
IEDC aims to spur economic wealth and well-being for individuals, businesses, and communities throughout the world by providing exemplary programs and services. IEDC's strategic directives include the core topics of globalization, sustainability, entrepreneurship, and economic restructuring. IEDC works with communities and economic development organizations to weave these core topics into pertinent economic development projects, such as community revitalization, business development, and job creation nationwide and abroad.
The IEDC was created as a result of a merger between the Council of Urban Economic Development (CUED) and the American Economic Development Council (AEDC) in May 2001. Both AEDC and CUED were organizations that were formed as a result of efforts by businessmen and civic leaders. Founders came from the railroad utilities, and the public and private sectors. Despite their diverse backgrounds and professional experiences, founders of each organization shared a common passion to develop their cities and communities into vibrant places to live and do business.
The AEDC had been operating in various forms since 1926 with focus on industrial development. AEDC had been linked to the Economic Development Institute (EDI) since the early 1960s, with the focus on training and development for economic development as a profession. Notably, AEDC’s education initiatives developed professionalism in the field, fostered the sharing of best practices among economic developers and cultivated an expertise among those in the profession. AEDC members offered their services around the world in order to encourage the use of common economic development tools internationally. AEDC traditionally had a high representation of members from the American South, and a large contingent of Canadian members that concentrated on forging ties with the private sector.
The CUED originated as "Helping Urban Business", or the HUB Council, in 1966. It changed its name to CUED in 1974. The founding of the CUED followed the civil disturbances/urban riots in Watts in Los Angeles and other cities like Detroit, Newark and Washington. These disturbances further weakened the position of many urban economies, as manufacturing and commercial businesses increased their exodus to the suburbs and outer transportation corridors. The CUED’s primary objective was to develop an urban policy for economic development. In 1968, the Economic Development Administration (EDA) provided the CUED with a grant for technical assistance, information, and research. From its early days, CUED established itself as a go-to organization for research and technical assistance on federal programs like the Community Development Block Grant (CDBG) Program and the UDAG Program and played an important role in helping to develop strong economic development policies.
The merger between AEDC and CUED was driven by the growing belief that the different membership bases faced increasingly common challenges in the economic development realm and that a merger would allow members of both organizations access to more resources.
As the world's largest membership organization serving the economic development profession, IEDC members represent the entire range of economic development experience. Members come from the public and private sectors and rural and urban areas throughout the globe. IEDC members promote economic development through the auspices of local, state, provincial and federal governments, public-private partnerships, chambers of commerce, universities and a variety of other institutions. Members include:
- Regional, state, county, and city economic development organizations
- Chambers of commerce and other business support agencies
- Community and neighborhood development organizations
- Technology development agencies
- Utility companies
- Educational institutions
- Redevelopment authorities
IEDC Programs and Services
For over 85 years, IEDC has been working with communities and economic development organizations to disseminate information and best practices on relevant economic development topics both in the U.S. and abroad. IEDC programs and services are developed with the goal to help members create more high-quality jobs, develop more vibrant communities, and generally improve the quality of life in their regions. Programs and services are framed to provide innovative strategies, tools, and techniques that will help economic development professionals to build strong and sustainable communities through educational opportunities and networking events. IEDC additionally provides professional development services, offering 25 courses each year in over 30 states, educating its network of 1,200 Certified Economic Developers (CEcDs) and other practitioners, and certifying Economic Development Organizations (EDOs) through its accreditation program (AEDO). As the premier association for economic developers, IEDC serves as the voice for the profession on important issues such as:
- Workforce development
- Infrastructure and business finance
- Business marketing, attraction, expansion, and retention
- Community development
- Industrial rehabilitation and location
- International trade
- Tourism development
IEDC Professional Training
With courses offered throughout the year and around the country. IEDC training courses are the leading source of education for economic development professionals at all levels. Covering both key topics and specialized issues, courses are designed to be interactive and provide a national perspective with a focus on real life experiences, best practices, and tools that practitioners can use in their community. IEDC training courses include:
- Business Retention & Expansion
- Economic Development Credit Analysis
- Economic Development Finance Programs
- Economic Development Marketing & Attraction
- Economic Development Strategic Planning
- Entrepreneurial and Small Business Development Strategies
- Introduction to Economic Development
- Managing Economic Development Organizations
- Neighborhood Development Strategies
- Real Estate Development & Reuse
- Technology-Led Economic Development
- Workforce Development
The Certified Economic Developers (CEcD) is the leading industry designation. It is the standard of excellence for the economic development profession. IEDC's Certified Economic Developers (CEcDs) are acknowledged around the world as having achieved the pinnacle of excellence in the economic development field.
IEDC conferences enable members, policy makers, and local and regional leaders from across the nation and beyond to connect and share experiences, research, and insight on relevant economic development issues facing communities. IEDC also organizes other events – such as webinars and workshops – either as part of their regularly scheduled conferences or in addition to. IEDC organizes four conferences a year, which include an annual conference, a technical conference, legislative conference, and a leadership conference.
IEDC's Legislative Affairs department shapes policy that supports the economic development community. It monitors legislation that has an impact on the field of economic development and engages membership in policy advocacy activities. Each year, IEDC examines notable federal events and legislation in economic development, reviews appropriations for a number of key federal programs, and previews the budget for the upcoming fiscal year in its annual Federal Review. The department also publishes relevant policy papers and issues a Federal Leadership Economic Development Award that recognizes an individual whose commitment to economic development enhances the industry as a whole.
IEDC Advisory Services and Research
IEDC has two research arms:
The Advisory Services and Research Department (ASR) works directly with local communities and Federal agencies to provide peer-review technical assistance and practice-oriented research on a variety of economic development topic areas. The department focuses on important matters that impact communities and the profession, enabling practitioners to better compete in today’s global economy. ASR services focus on:
- Strategic Planning
- Organizational Development & Program Analysis
- Real Estate Development & Reuse
- Business Retention, Expansion & Attraction
- Neighborhood Development & Revitalization
- Research Publications & Policy Analysis
- Technology-led Economic Development
The Economic Development Research Partnerships Program (EDRP) is a think-tank that operates under the IEDC banner, which directs cutting-edge research that will benefit the economic development profession as whole.
EDRP research is not being done anywhere else and EDRP members choose what areas of research to fund and how those topics will be addressed. Some issues examined have included:
- Seeking new ways to capitalize on foreign markets
- Integrating regional businesses into the global economy
- New realities for economic development organizations
- Capitalizing on new technologies, networks and software
- Strategies to support growth-oriented companies
- Responding to population and demographic changes
- Preparing for risk and unforeseen challenges
Other IEDC Services
IEDC offers several webinars each year on pertinent economic development topics; publishes a bi-monthly online newsletter, Economic Development Now; provides members with quarterly copies of the Economic Development Journal; maintains the Clearinghouse Information Research; and provides members with full benefits of the GrantStation Premium Access Program (GPA).
IEDC partners with a distinguished network of international organizations that are dedicated to promoting an international exchange of information, experience, and best practice among economic development practitioners and organizations. These efforts include partnering on initiatives, sharing information, and participating in each other's events in order to improve the integration of economic, social, and environmental agendas across national borders. These partner organizations include:
- European Union Association of Regional Development Agencies (EURADA)
- World Association of Investment Promotion Agencies (WAIPA)
- Economic Development Association of New Zealand (EDANZ)
- International Association of Science Parks (IASP)
- The LEED Program of the Organisation of Economic Co-operation and Development (OECD)
- Economic Developers Council of Ontario, Canada (EDCO)
- Economic Development Australia (EDA)
The alliances between U.S. economic development organizations and peers elsewhere in the world support international trade and investment for communities, companies and entrepreneurs internationally.