{"id":9855,"date":"2018-07-01T18:00:58","date_gmt":"2018-07-02T00:00:58","guid":{"rendered":"https:\/\/financenewmexico.org\/?p=9855"},"modified":"2018-09-02T14:27:49","modified_gmt":"2018-09-02T20:27:49","slug":"new-mexico-economic-development-course","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/articles\/investment-in-new-mexico\/new-mexico-economic-development-course\/","title":{"rendered":"Economic Development Course Helps New Mexico Leaders Plan for Sustained Growth"},"content":{"rendered":"
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Savannah Jermance<\/p><\/div>\n

New Mexico communities that plan and prepare for economic development can avoid the chaotic impacts of runaway growth by training the elected officials, public employees and civic leaders who promote that change. A crash course in basic economic development from July 22-26, 2018, at Western New Mexico University in Silver City is a good place to start that training.<\/span><\/p>\n

The course is one of several offered by the New Mexico-based International Academy for Economic Development that prepares students for certification by the International Economic Development Council.<\/p>\n

Participants at the annual seminar will learn basic economic development theory and examine how New Mexico\u2019s communities have coped \u2014 successfully and poorly \u2014 with population changes and the related effects on public services. From there, they will consider how to apply what they\u2019ve learned to the challenges of stimulating sustainable job and business growth in their own communities.<\/p>\n

\u201cThe basic course (offers) a broad-based overview of economic development,\u201d said Savannah Jermance, economic development and business relations manager for the City of Rio Rancho and a member of the committee that chose this year\u2019s coursework. \u201cIn the past we\u2019ve done a case study and tried to tie in all the topics of the course.\u201d<\/p>\n

This year, participants will study the dynamics of economic evolution in two or three New Mexico counties: Do\u00f1a Ana, San Juan or Sierra. The point of this exercise is to understand the benefits of planning for the changes that come when a city attracts new businesses, visitors and residents.<\/p>\n

The class, held each year since 1993, suits anyone interested in economic development or community improvement, Jermance said: \u201cElected officials, civil servants in any way shape or form. Even if you\u2019re involved in one facet of government, \u2026 you see how your function fits with others. It\u2019s important to see how your job fits into the greater picture of economic prosperity.\u201d<\/p>\n

Economic development has evolved in the 25 years that the course has been offered, and organizers have responded by delivering methodologies that can be applied to local challenges. At the 2017 workshop, Jermance led participants through a SWOT analysis that demonstrated ways economic developers can position their communities. A SWOT analysis \u2014 which inventories strengths, weaknesses, opportunities and threats \u2014\u00a0 is typically used by businesses to create a market niche and marketing plan.<\/p>\n

This year\u2019s topics include planning, research, marketing, business retention and expansion, real estate, ethics, how to develop small businesses and the local work force, and how to manage an economic development organization and tap into existing resources.<\/p>\n

Last year, 30 individuals representing tribes, cities and rural areas participated, including some from New Mexico\u2019s neighboring states and from Mexico. \u201cThe diverse audience is a testament to the many areas the course touches on,\u201d said Jermance.<\/p>\n

Because enrollment is limited to 40, people are urged to register by July 9.<\/p>\n

The $500 fee ($600 for out-of-state attendees) covers registration, books and course materials. An event fee of $200 covers all scheduled meals, field trips, and the welcoming reception. Rural scholarships are available by calling 505-710-7172 or visiting www.IAEcondev.org<\/a>. A dorm room for the five-day workshop costs $170, or participants can stay at a local hotel. To register, visit https:\/\/sb.wnmu.edu\/nmedc\/<\/a>.<\/p>\n

Three hours of undergraduate credit are available to course participants for $150.<\/p>\n

Download\u00a0561_Leaders Plan for Sustained Growth in New Mexico PDF<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New Mexico communities that plan and prepare for economic development can avoid the chaotic impacts of runaway growth by training the elected officials, public employees and civic leaders who promote that change. A crash course in basic economic development from … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/9855"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=9855"}],"version-history":[{"count":5,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/9855\/revisions"}],"predecessor-version":[{"id":9937,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/9855\/revisions\/9937"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=9855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=9855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=9855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}