Economic and Community Development
Chambers Lead Rankings
Once again, chambers of commerce and their affiliates dominate the list of top performing economic development groups. This month, Site Selection magazine released their Top 10 ED Groups of 2011 and 6 out of 10 (including the top 3) are members of ACCE member chambers. Congratulations to:
- Baton Rouge Area Chamber
- Dallas Regional Chamber
- Greater Houston Partnership
- Nashville Area Chamber
- Pittsburgh Regional Alliance
- Select Greater Philadelphia
Rankings are based on jobs and capital investment generated by corporate facility projects on a per capita basis, as well as creativity in strategy, depth and breadth of project activity, and the ability to generate breakthrough deals.
I don’t typically pay much attention to top ten lists. Many rely on weak (if not faulty) methodology, and are little more than gimmicks to lure readers and advertisers (read where ACCE’s Mick Fleming stands on ranked lists). However, I pay attention to this one because it sends an important signal about the power of private sector led economic development.