The Challenge
Over 10,000 economic development organizations pursue
growth opportunities in the U.S. alone, and many metro areas
now benchmark themselves against other nations. In this
context, The Cedar Valley must create a world-class economic
development program that can insert The Cedar Valley into the
global flow of capital investment as a logical, competitive
business and institutional location.
The Cedar Valley has indeed proven to be attractive to business
investment, and some international capital has flowed into the
region. However, additional resources are needed to ensure that
we can successfully build our regional economy. Our growth in
population has been too slow to fund the community we want for
our employees and our children.
Over the past several years, we have watched our economy
benefit from a strong and healthy diversification of business.
Regional employment growth has done well in numbers, but we
have not kept pace in wages. Today, our community faces
unprecedented competition from around the world. Capital is
mobile and we no longer compete only with cities within a few
hundred miles. Rather, metro areas and regions throughout the
U.S., North America, Europe and some Pacific Rim locations
compete with The Cedar Valley of Iowa for new investment. Our
challenge is to respond effectively, with intensity, to the
competition. Failure to plan and act together with adequate
resources could deeply damage our region’s economic future.
America’s highly regarded business management guru Peter
Drucker compels us, The Cedar Valley – its businesses,
institutions and governments – to act now. Over the past two
years, The Cedar Valley’s economic development approach has
been transformed. It has new leadership, a new energy, and a
new name: The Greater Cedar Valley Alliance. The mission of
The Alliance is to increase economic vitality and job creation in
The Cedar Valley of Iowa.
To achieve this mission, The Alliance is pursuing an exciting
and aggressive approach: Fulfilling the Vision … A Five-Year
Campaign for Economic Vitality. |
“The future will not just happen if one wishes
hard enough. It requires decision–now. It
imposes risk–now. It requires action–now. It
demands allocation of resources, and above
all, human resources–now.”
Peter Drucker |