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Quote of
the Month
"Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other".
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Special Thanks to
Our Partners: | |
Government Partners
Nebraska City Utilities
Platinum Partners
St. Mary's Community Hospital
Gold Partners
Arbor Bank
Short-Elliott-Hendrickson, Inc
Omaha Public Power District
Cargill Value Added Meats Farmers Bank & Trust Co. VanderVeen & Goracke, CPA
Diversified Foods and Seasonings
Olsson Associates
Larson Motors, Inc
Silver Partners
American National Bank
Commercial State Bank
Hampton Commercial Construction, Inc.
Alfred Benesch and Co.
JEO Consulting Group
Schemmer Associates
Tri-State Office Products
Bronze Partners
First Nebraska Bank
Borns Financial Planning, Inc.
Professional Mortgage Services
Miller-Monroe-Farrell/
Home Real Estate
Nebraska Business
Development Center
National Arbor Day Foundation/Lied Lodge Conference Center
Peru State College Graduate Programs
LeGrand Financial
Kirkam Michael
Affiliate Partners
MAPCO, Inc.
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Tire Recycling Event
Douglas Tire and Bridgeston is sponsoring a Tire Amnesty Day.
June 10th, 2013
8am-12pm
located at the 610 N. 11th St., Nebraska City
(Old Normans Grocery parking lot).
Tires must be clean and have no wheels in them.
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Its All About Making a Positive Impact on our Region |
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| Greetings!
In an effort to improve communications with our partners, colleagues and residents, we publish this brief, monthly eNewsletter. If you have comments, questions or suggestions, please do not hesitate to contact our office. We value your input. |
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From the Director:
An article the other day was discussing the three best words to describe economic development. There was a list of over 20 but these were my favorites.
1. Favorable Entrepreneurial Climate
2. Enhance Community Wealth
3. Grow Local Capacity
4. Insight, Innovation, Collaboration
5. Grow Local Businesses
6. Teams Win Projects
People will often interchange business development and economic development. There is a difference. Below is probably the most accurate description or explanation that I have seen. This is from an economic developer in the San Diego area.
"The difference between business development and economic development is the difference between micro and macro economics. In business development you are focused on helping the firm succeed, regardless of the overall impact of that firm upon the economy. Based on the number of households in a community (and other economic factors), you are going to have a certain number of dry cleaners, restaurants, etc. If a particular dry cleaner does not succeed, another will take its place. Business development helps a particular dry cleaner succeed."
"Economic development focuses on creating wealth in the overall economy. How do you remove barriers to growth affecting multiple companies in your region? How do you encourage people to start, grow or bring in businesses that will export products outside of your region, thus bringing in new dollars that will help all businesses (and government entities) in the region? Successfully addressing economic development issues builds prosperity in the region, not just in a particular firm. Assisting export-oriented businesses can achieve both business and economic development goals."
Those of us in economic development continue to hear more emphasis placed on building prosperity regionally. Regions are not defined by imaginary lines on a national map but by the economics of the region: where the people live, work and shop. For Otoe County that was reinforced for us in 2011 as we watched our friends to the east effected by the flooding and seeing how that affected so many people, businesses and employers here on the west side of the Missouri River brought regionalism to the forefront.
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Lourdes Central Catholic School
Completes Construction
The picture above is the new Lourdes Central Catholic School with their new addition. This renovation and addition which started last year had its official ribbon cutting on Tuesday May 14th. This multimillion dollar addition included a new competition gymnasium, performing arts theatre, band room, administrative area, chapel and two new classrooms. The total cost of the upgrades was $8.5 million.
Congratulations Father McCabe, faculty and staff as this is truly a wonderful addition to Nebraska City and our educational community!
Nebraska City is in full swing into the construction season with several projects currently in progress. The new St. Mary's Hospital on the south side of town has started moving dirt and you can soon watch the construction progress via their web cam. On the north side of Nebraska City, check out Larson Motors and the progress on their facility.
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FTTH
In case you didn't recognize FTTH: that is the acronym for Fiber to the Home. Last week several of us from Nebraska City, lead by City Administrator Joe Johnson, attended the National Fiber to the Home conference in Kansas City. This conference gave us an opportunity to hear from companies who are broad band high speed internet providers as well as companies who use high speed internet and what that means to their companies.
The conference gave us an opportunity to visit Google's office in Kansas City where they delighted in sharing what 1 Gig service can mean to a business and community. While you may not understand all of the language and acronyms (such as Gigabit and Terabyte) seeing the high speed connection in action and the opportunities that come with it, make it an easy sell. But the best part was listening to the panel of business people who had relocated to KC specifically because of what 1 Gig of internet service could do for them. The best analogy I can give is would you ever go back to watching 'snowy' black and white TV provided on 'rabbit ears' when 3D color LED TV is available (unless you're a fan of the Twighlight Zone)?
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Stephanie Shrader, Executive Director
Nebraska City Area Economic Development Corp. |
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