Economic Development Plans for Small Towns

Unless you have been without all communication for the last few months, you know that our economy is in trouble. The testimony from the Federal Reserve reinforced what we have been saying for months. Communities and individuals have been feeling the pinch at the grocery store and the service station. I advocated many months ago that communities get a plan in place quickly to manage the fall-out--unemployment, demand for services, and declining business spending. In addition, communities need to be thinking about what they will do when the upswing comes...and it will. This economic development plan is very practical for small towns and larger ones as well. So many of us want the "silver bullet" answer in the form of one industry or business with mega jobs. That is the exception rather than the rule. It is a mult-faceted process that includes community building as well as economic development.

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