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Fundamentals of Economic Development

The 2017 Fundamentals of Economic Development Chancellor's Certificate program was a success! Thanks to all who participated. When offered, the program consists of eight modules, which take place from 6-9 p.m. on the same night each week.

Economic Development is key to regional success. This Chancellor's Certificate program, Fundamentals of Economic Development, covers economic and community development concepts and tools to attract, assess, and support development and redevelopment opportunities in our communities. Course modules, held in the heart of the Cortex Innovation Community, will lead participants through the steps necessary to develop and implement economic development plans and projects.

This program is designed for:

Anyone interested in participating in 2018, please check back for updates. The program generally begins in the spring, with registration beginning in the early to late winter.

Here is the information from the 2017 program. Please keep in mind that dates, instructors, and location may be different in 2018:

When: Wednesdays, March 1, to May 3, 2017 from 6-9 p.m. (Note, no class on March 8, 2017 and April 12, 2017).

Where: CIC@CET, 20 S. Sarah St., St. Louis, MO 63108

Registration Fee: $500 for 8 modules $75 for individual modules |

Instructors: Course instructors are senior economic development practioners in Missouri and Illinois, representing nonprofit, public, and private perspectives.

Partnership: Offered by the UMSL Public Policy Administration Program, the Urban Land Institute– St. Louis, and Bi-State Development.

Chancellor's Certificate: Earn a noncredit UMSL Chancellor's Certificate in Fundamentals of Economic Development by completing six of the eight modules. 

If you would like to print a pdf brochure of the 2017 program, click here.

Module Descriptions:

Module 1 | March 1 | Economic Development - A Public Perspective 
A Public Perspective. Learn about the role of local government in economic development and discuss the necessary conditions to foster a successful business climate. Consider the many facets of economic development and how they relate to different sectors and stakeholders.
Instructors: Marty Corcoran, City Manager, City of Maplewood, MO, and
Julianne Stone, Vice President, Strategic Initiatives, Bi-State Development.

No class March 8

Module 2 | March 15 | The Intersection of Community and Business 
Explore the connections between community development and economic development. Ensure that your community and economic development goals align. Discuss the importance of issues including place-making, infrastructure, and comprehensive planning for attracting residents, workers, and businesses.
Instructors: Paul Hubbman Senior Manager for Corridor Studies, East-West Gateway Council of Governments, and Matt Wetli, Principal, Development Strategies

Module 3 | March 22 | Building Your Jurisdiction's Development Plan
Create a roadmap for achieving economic development success in your community. What is the appropriate economic development strategy? Understand the options and process for realizing your economic development goals, including the regional context, prioritizing resources, public input, and strategy formulation.
Instructors: Bob Lewis, Principal, Development Strategies, David Leezer, Director of Economic Development, City of St. Charles

Module 4 | March 29 | Rules of the Road - From Data Gathering to Sunshine Laws 
“No, you can’t close the meeting.” “Where do we find those data points?” “My nephew is a developer...”  Maintaining public trust is critical. Unpack the various ethics rules and data sources that can assist in ensuring that your economic development decision making is built on solid ground.
Instructors: Ruth Sergenian, Director, Economic Research and Analysis, St. Louis Regional Chamber, Wally Siewert, Director, Center for Ethics in Public Life at UMSL

Module 5 | April 5  | Where the Rubber Meets the Road - Understanding the Developer's Perspective  

The plan is in place. What’s next? Understand the basics of the development process and the numbers that make the deal work, including the language of developers and contractors and the expectations of those with whom you are doing business.
Instructor: John Langa, Vice President, Economic Development, Bi-State Development

No class April 12

Module 6 | April 19 | Taking Your Economic Development Plan from Paper to the Street
Understand the tools in your toolbox and how to use them to reach your community’s goals. Identify the steps and resources for implementation: creating timelines and performance measures; working with private developers; utilizing economic development incentives and bonds; and capitalizing on opportunities when they arise.
Instructors: Ted Shekell, Director of Community Development, City of O’Fallon, IL, Carl Ramey, Managing Director, Public Finance, Stifel

Module 7 | April 26 | Regional Initiatives and Local Economic Development 

Discuss how a coordinated approach and intergovernmental collaboration can positively impact and protect economic development efforts at the local level. What is the role of large regional agencies and how do these agencies impact local economies?

Panelists: John Nations, President and CEO, Bi-State Development, Rhonda Hamm-Niebruegge, Director, St. Louis-Lambert International Airport, Mike Kearney, Director of Economic Development, Ameren Corporation Case Study

Instructor: James Pennekamp, Former President, Southwestern Illinois Flood Prevention District Council

Module 8  | May 3  | Why St. Louis? Business Attraction - Views from the Outside 
St. Louis from a business’ perspective. What attracts businesses to St. Louis? Discuss the assets that allow the region to compete nationally as well as the work that still needs to be done on marketing St. Louis to those interested in locating here or expanding their presence.
Instructors: Steve Johnson, CEO, Missouri Partnership, and
Kim Plank, General Manager, CIC-St. Louis