Economic Development Consulting
EMC Finance has also established a reputation for excellence in the area of economic development consulting. With many years of extensive consulting work in this field, we offer a wide range of services for:
- Private sector development and project companies
- Non-profit organizations
- Economic development agencies
- Economic affairs departments
- Local, regional and national governments
Our work mainly focuses on developing and supporting the implementation of economically attractive business location strategies and appropriate financial and non-financial incentive programs. We also execute targeted action plans to attract new businesses and inward investments to a particular location.
Due to our industry focus on entertainment, media, communications and technology, our economic development consulting work also concentrates on projects that promote business development and investments in these particular economic sectors.
Based on our industry focus, EMC Finance’s economic development consulting services primarily include the following offerings:
- Preparation of detailed market and segment analyses in order to assess specific economic development opportunities
- Execution of business and investment location competition analyses (Identification of relevant location competitors, analysis of the specific business and investment environment of competing locations, identification of areas with differentiation potential that provide a competitive edge over other locations)
- Identification of decisive business and investment environment factors for sectoral development (for example through company surveys inquiring about sector-specific requirements for suitable infrastructure, regulation, taxation, etc.)
- Determination of the need for specific incentive programs for sector development and inward investment, as well as identifying potential measures with a high success probability (including investment subsidies, venture capital facilitation, start-up centers and specific technology programs)
- Execution of best practice and benchmark analyses of the sector-specific economic development activities and inward investment promotion programs of competitor locations
- Formulation of comprehensive location development strategies, with detailed action plans for creating the most attractive location conditions for business development, corporate relocations and inward investment in the target sectors
- Preparation of action programs, organization models and implementation plans for economic development promotion, location marketing and inward investment acquisition
- Long term proactive support in identifying promising company targets for business relocation and inward investment, subsequent contacting of target companies with systematic follow up communication and project-managing public sector support tasks for importantcorporate relocation and investmentprojects, thus enabling successful sector development