Economic Development

Large scale urban development increasingly invokes consideration of economic development strategies to support quality of life and sustainability by fostering:

- Community wealth
- Equitable economic opportunity

And by increasing tax base so as to fund:

- Essential infrastructure and services
- Protection of the Environment

ALR has undertaken extensive global research on critical factors required for successful implementation of economic growth in relation to large scale urban development.

Multiple strategies, persistently deployed over long time frames are often required to successfully drive economic development. A central strategy is based on the notion that cluster-based economic development is the best way to complement traditional single industry or large company attraction methodologies.

ALR's methodology employs a number of economic development tools to guide best practice implementation.

These tools address three key success criteria:

EVALUATION

- Local and Regional Competitive Economic Status
- Suitable Economic Development Frameworks
- Government Policy & Services
- Market intelligence
- Cluster Development & Maturity
- Cultural Factors

LEADERSHIP AND STRUCTURE

- Organisational Structure
- Organisational Behaviours
- Governance
- Multi-Sectoral Leadership
- Economic Development & Marketing Management

IMPLEMENTATIONnAND MEASUREMENT

- 'Go-to-Market' strategy
- Proof of Concept projects
- Resource allocation
- Infrastructure Providers & Alliances
- Offering & Value Propositions
- Balanced Scorecard Measures
- Return on Investment
- International Trade
- Product Management
- Business Development
- Deal Management
- Channel & Lead Management
- Cluster Support
- Funding

PROJECTS

- IDEA Project