CREC Project News and Updates

CREC Responds to Summer 2015 Clients by Using Guiding Principles

October 30, 2015

 

ARLINGTON, VA – The Center for Regional Economic Competitiveness (CREC), an independent nonprofit that provides policymakers with data and technical assistance to formulate and execute innovative and regional economic strategies that lead to job growth, today released findings on how its clients grew during Summer 2015 by relying on pre-determined CREC guiding principles.

Devotion to Learning:
As part of the exercise, CREC looked specifically at how it interacted in face-to-face meetings with clients between Memorial Day and Labor Day. CREC learned that 100 percent of its face-to-face summer client activity involved educating regional decision-makers about new and existing data that can help shape and implement effective programs to promote economic development.

Empowering Leaders:
Secondly, the findings also show that 40 percent of CREC’s summer client interactions were devoted to developing and empowering leaders to use proven methods that drive economic impact in their state and region. Specifically, CREC worked with leaders on the following:

  • Economic and workforce development
  • Economic analysis
  • Labor-market assessments
  • Economic policy implementation

CREC provides ongoing trainings on these topics through our partner organizations, and we invite the public to attend these sessions:

Envisioning a New Future:
Seventeen percent of the organization’s face-to-face client interactions were devoted to future planning – a process in which CREC designs a vision for the future, develops measurable and actionable steps, and then assists the customer in reaching that goal. Finally, CREC spent 11 percent of its summer face-to-face client interactions by helping state and regional decision-makers set a new course. This process is one of the most time-consuming and relationship-based because this growth process helps leaders re-envision their community’s identity and then generate a new growth perception so that the goal-making process can begin.

About CREC:
The Center for Regional Economic Competitiveness (CREC) is an independent nonprofit that provides strategic economic analysis and manages networks of data and research professionals. Our technical assistance expertise produces innovative, regional job-creating strategies. CREC achieves its mission by undertaking efforts to

  • Understand the economic forces impacting regions and localities
  • Assist local leaders in formulating knowledge-based strategies
  • Develop transformational models that support knowledge-driven economic prosperity

CREC believes that institutions responsible for developing regional economies can be more effective in their efforts to create jobs for the knowledge economy. The Center helps these organizations achieve their goals by providing better information about regional economies and a framework for developing local consensus on strategic direction. CREC divides its work into five areas of expertise:

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About the Client

North Carolina Biotechnology Center

Life sciences are transforming the world. Vaccines prevent disease. Gene therapies and precision health data cure them. Advances in agriculture feed the planet. Here in North Carolina, NCBiotech catalyzes the many different transformations that are improving the quality of life around the world. We connect companies with university researchers and introduce entrepreneurs to potential funders. […]