For projects ranging from attracting new capital investment to revitalizing urban neighborhoods, successful economic development relies on understanding demand drivers, whether arising from market orientation, social motivation, or economic diversification.
DCG Corplan’s proven market assessment expertise can help to make your job more comprehensive by offering a number of strategic services:
- Target Industry & Clusters
- Market Studies
- Competitive Position
- Strategic Development Planning
- CEDS
- Master Plans
A variety of factors must be considered for the development of a strategic plan, encompassing the evaluation of alternatives in relation to their consequences over time. DCG Corplan's strategic method incorporates four chief features:
An evaluation of your community from an external point of view.
A web-based public forum for formulating development strategies.
A rigorous development testing method for analyzing strategic alternatives.
A commitment to action that measures performance and allows for change.
Without adequate funding sources or realistic appraisals of financial return, most economic development objectives are unattainable. The investment analysis is a vital a tool as is the feasability or market studies in determining the degree of risk that public organizations may undertake to achieve a social goal.
DCG Corplan employs both Benefit/Cost and Pro Forma analytical tools to evaluate the scale, timing, and duration of public investments, as well as identifying sources of possible financing, granting or determining investment structures.
Economic development projects are increasingly becoming the subject of a well-educated and politically-aware public that demands accountability for their tax dollars. And, given the availability of on-line resources, public projects are gaining a much larger audiance than just the client group or approval body.
DCG Corplan provides a sounding board for public comment before projects are fully realized. Through our web-based interface, valuable public comment and input becomes a strategic resource, resulting in advance testing of alternatives and program options. On-line surveys, message boards, and postings of project scope items can help to engage the public early in the process, thereby avoiding embarrassing pitfalls in later stages.
Development programs must ultimately face realities of adequate physical planning, infrastructure, etc. While engineering and design professionals will eventually be required, a cursory examination of land, sites, or buildings is often more appropriate for determing the suitability of existing facilities to meet the economic development objectives.
DCG Corplan's background in commercial and residential real estate, waterfront redevelopment, adaptive reuse, and industrial site planning can be relied upon to arrive at realistic assessments of development potential quickly and affordably.
