New Realities for Funding Economic Development Organizations
by Swati Ghosh, Dana Crater
Funding for economic development organizations (EDOs) is changing in response to various global, national and local shifts. Not only are funding mechanisms impacted, but also EDO structures and their business practices.
This paper is the second one in a series of research papers, themed Adapting and Thriving: New Realities for Economic Development Organizations. It explores trends in different organizational funding streams for EDOs before and after the Great Recession. The paper covers both public and private funding streams and provides recommendations for economic developers who want to develop and strengthen specific funding streams as part of their organization's budget. Case study examples highlight successful practices from around the world.
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