With real world knowledge gained through our decades of work with some of the largest companies in the world, we develop actionable strategies and help communities to win projects.
For an economic development organization, winning a project requires not only thoughtfully conducted background research, but the ability to discern which data within the findings is pertinent to the task at hand. Only breadth of experience cultivates that ability - which is why many organizations tap the knowledge of Silverlode professionals in order to position themselves to win widely sought-after projects.
Every community or region is unique, shaped by its history, a complex political environment, and a variety of strengths and weaknesses. As such, we recognize that a cookie-cutter approach can never provide an optimal solution for any community. We deliver realistic, actionable recommendations, communicated clearly and concisely, with demonstrable results for stakeholders. Silverlode provides a broad range of services for state and local governments and other economic development organizations. Some of the ways we help organizations include:
The continuing transition away from traditional industrial jobs, increasing competition among regions, and limited resources of economic development organizations make it imperative that organizations focus their efforts on the attraction and retention of jobs in industries that can provide the greatest impact to the regional economy. Silverlode supplies clients with accurate assessments of regions' strengths and weaknesses, recommends key competitive industries, and identifies optimal target industries. Our proven methodologies use quantifiable and meaningful data driven approaches to help our clients attract investment.
Silverlode helps clients to successfully achieve the Comprehensive Economic Development Strategy (CEDS) certification from the Economic Development Administration (EDA). We have crafted a methodology which goes beyond the detailed requirements of CEDS and incorporates a target industry study. This extra information provides clients with data on industry sectors that could strengthen a region's economic base and identifies key competitive emerging industry sectors. Our methodology also incorporates the standard components of a CEDS including an ongoing community engagement process, a regional background assessment, and analysis of economic development issues. We develop short and long-term economic and community development objectives, outline action steps, and create a prioritized methodology for proposed capital projects in the region.
Silverlode helps communities to successfully target industry sectors and identify specific target companies. We then furnish clients with detailed company and contact information as well as a strategic approach to engage the companies. Silverlode has helped numerous economic development organizations to identify domestic and international trade shows and other events and to engage prospect companies at the events. We also work with communities to develop effective marketing materials for the events and we coach the community representatives to make them more effective at the shows. Our European based partner for investment promotion is PM & Partner Marketing Consulting GmbH (PM&P). Silverlode and PM&P have collaborated on dozens of projects to attract foreign investment to U.S. companies. This exclusive alliance allows us to provide a broad range of valuable services throughout the E.U., including lead generation, foreign direct investment attraction, and overseas representation for U.S. geographies.
Site Selection Simulation
Silverlode's simulated site selection service (try saying that five times fast) provides communities with an objective evaluation of their ability to respond to business inquiries. We give economic development organizations a meaningful way to improve the competitive positioning of their communities. The simulation includes the issuance of a detailed request for information and site visits. We evaluate the communities' responses and present in-depth feedback and recommended strategies for improvements.
Economic development agencies often face resource constraints or lack the experience required to win and manage a large competitive site location project. Tap into Silverlode's many decades of experience at a fraction of the cost that would be required to recruit and hire a high-level economic development professional on a full-time basis. We can help you land that "big fish" by coordinating interactions with a company or its consultants, structuring a suitable inducement package, and managing the process every step of the way.
Economic Development Funding
We have captured millions of dollars of grant funding from local, state, and federal sources for our clients. Silverlode serves as a strategic partner in the grant process by helping clients through the entire spectrum of grant procurement. We advise clients from identification of funding opportunities through narrative and budget development, to compliance reporting and follow-on funding opportunities. We have secured grants ranging from $25,000 to over $30 million in a broad range of areas including research and development, public and private infrastructure, and employee development and training.