Michigan's Economic Development Basic Course
The 2018 Economic Development Basic Course is scheduled for Monday, September 10th - Thursday, September 13th.
MEDA has partnered with the International Economic Development Council (IEDC) to offer the Economic Development Basic Course. This week long course is a comprehensive educational opportunity with focus on the critical areas of economic development. For those seeking national certification, the Economic Development Basic Course is the first requirement in the process towards receiving your Certified Economic Developer (CEcD) certification. This course qualifies as a professional development training requirement needed to sit for the CEcD examination. CEcD certification through the IEDC is a national recognition that denotes a mastery of principal skills in economic development, professional attainment, and a commitment to personal and professional growth.
The course is accredited by the International Economic Development Council. For more information, click here, or call 202-942-9466. The International Economic Development Council is a non-profit membership organization dedicated to helping economic developers do their job more effectively and raising the profile of the profession.
Costs: MEDA Members $625/Non-Members $850
Location: Crowne Plaza Lansing West, 925 S. Creyts Rd., Lansing, MI 48917
Accommodations: Contact the Crowne Plaza at 877-322-5544 by August 10, 2018, to reserve rooms for $129++/night. You can also use the code DEV at www.crowneplaza.com/lansingwest to reserve your stay.
Agenda: Agenda typically available in May.
What to Expect
- 4 days of training
- approximately 8:30 a.m. to 4:15 p.m. each day
- mixture of lecture and case study work
Scholarships are available for MEDA members to attend the Economic Development Basic Course each year. Scholarship applications must be submitted before the Board of Directors meeting in the third week of August. Apply here by August 1, 2018.
Economic Development Basic Course Required Sessions
The following 10 sessions are held at the Economic Development Basic Course each year:
Business Retention and Expansion
Business retention and expansion is critical in today’s economy. The objectives of this session will include how to organize a business retention and expansion program. We will cover how to provide examples of programs and activities that foster the growth of existing business, to recommend strategies helpful in implementing a successful program, and identify valuable local resources.
This session will provide an understanding of the steps in the community development process, and the challenges of community development in economic development practice.
Economic Development Ethics
Incorporating ethics into professional standards is critical to the on going growth of the economic development profession. Ethical standards ensure accountability, transparency and integrity. Learn what your economic development organization should include in its ethics policies and practices.
Economic Development Finance
This session will focus on several key elements, including: blending of sources, capital availability, source of long-term financing, returns to the lender, and leveraging. Once we have a better understanding of the structure, we will then look at the two sectors in financing: public and private.
Managing an Economic Development Organization
This session will cover the issues specific to economic development organizations such as; working with leaders, developing a vision for the organization and community, delegation of available resources to the right programs and the development of the most appropriate programs for that organization and community.
As an economic developer, it is important that you have basic knowledge of the marketing process and its benefits. This session will focus on the marketing process, geographic and economic considerations, suspects vs. prospects, and advertising & promotion. Also addressed will be market research and targeting.
Real Estate Development and Reuse
In this session, participants will be introduced to the land development process, with an emphasis on the role that the economic developer plays. Participants will learn about the various tools that are available at the local level, including tax increment financing, bonds, land assembly and eminent domain, in addition to the many federal programs available.
Small Business and Entrepreneurship Development
This session will provide an overview of the role of small business in the U.S. economy, creation of jobs, a brief profile of the small business creation process, and an introduction to the new and emerging areas of small business creation.
Strategic planning for a community or organization envisions its future and develops necessary procedures and actions to achieve that future. This session will focus on the background understanding of strategic planning and its process, how to design & organize the process, and developing strategies and formulating action plans.
Workforce development is quickly becoming the #1 focus for economic development organizations. A skilled and educated workforce is crucial in today’s economy. This interactive session will focus on the need for the creation of workforce development programs that address both community and business needs.
How to Become Certified
For information on the complete CEcD program, including requirements to sit for the exam and an exam application, visit the IEDC website.