The unifying theme of any City’s economic development program, is to create and sustain a multi-faceted economic base that includes research and development, technology, manufacturing, office operations, retail and services, and other types of uses that may cause for the City to be an attractive location. M.D. Stewart & Associates , Inc. continues to be consistent and proactive in assessing a City’s availability and viability of the following initiatives and programs:
- Diversified business attraction
- Existing business outreach and assistance for retention and expansion
- Entrepreneurship and small business development
- Sustainable downtown physical and economic vitality
- Community development and redevelopment
M.D. Stewart & Associates’ presents the concept of “glocalization” when working with clients as we keenly understand the importance of governments diversifying their base of business, and thus the ability to consistently generate revenue. Maintaining a resilient economy requires planning and though we cannot always predict economic cycles, M.D. Stewart & Associates’ does however understand that our economy will periodically experience downturns. M.D. Stewart & Associates’ seeks to aid our federal and municipal clients in minimizing the impact of economic cycles and maximize its abilities to seize new economic opportunities, and we do this by identifying:
- Marketable strengths that can be capitalized upon
- Product deficiencies that can be corrected cost-effectively
- Development opportunities
- Issues having an impact on the community’s or region’s economic development future
- Obstacles to development
Restoring the momentum of economic expansion and investment is at the forefront of every public official’s concerns. Whether attracting growth to maximize opportunity built around community strengths or accounting for the many unknowns caused by major disruptions, a robust economic development strategy is essential to the recovery of virtually every city, county, regional government and development organization in the United States.
M.D. Stewart & Associates’ understands the importance of an integrated planning process that incorporates custom research and analysis, stakeholder engagement, deep market understanding and sector-specific insights can position public organizations for accelerated recovery and sustained growth. We provide for an economic development strategic plan that lays the foundation to help communities direct efforts and resources toward a clearly defined vision for the future.