Implementation Challenges of Economic Development Strategies

Blog » Implementation Challenges of Economic Development Strategies

Most communities prepare or update their economic development strategies periodically, typically every three to five years. Lots of work goes into preparing these strategies, but the outcomes frequently disappoint.

Most of the failures of economic development strategies can be traced to implementation. Many of the key actions and tactics in the strategies are never implemented or are done only halfheartedly. It’s important to be aware of the key obstacles standing in the way of successfully implementing an economic development strategy. Download our fact sheet about the factors that constrain the effectiveness of strategies and lead to the dreaded “implementation gap” below:

https://qatalyst.ca/blog/file/MostStrategiesFail.pdf

We also want to find out what, if any, challenges your community has faced in implementing its economic development strategy. Our survey will only take about 5 minutes to complete. Once we analyze the findings, we’ll share our results with you.