Showing posts with label business case. Show all posts
Showing posts with label business case. Show all posts

Thursday, September 28, 2023

Why Child Care Growth should be an Activity of Rural Economic Developers and How We Can Step Up to the Challenge

There are many community organizations that participate and play an active role with their local child care providers. However, there is no person or organization whose role it is to develop and grow child care (generally speaking) within rural communities. 

Economic Development professionals practice the following:

  • Community Planning – we bring together key community wide stakeholders to obtain a common vision.
  • Business Retention
  • Business Recruitment
  • Business Creation
  • Business Planning
  • Site Selection
  • Property (re)development
  • Brownfield Redevelopment
  • Remove Barriers, Find Opportunities, Interface with government agencies.
  • Assist with Governmental Approvals
  • Lobbying state officials, agencies, and organizations
  • Project Finance
  • Grant Writing
  • TIF
  • Incentive Negotiation

Most child care providers have none of the above skills. Most agencies working with them do not either.

We, as economic developers, have the skills to be that force to grow child care. We need to bring our skills actively, with full vigor, to retaining and creating new child care businesses.

Who is on board? No more studies, no more planning, no talk about the need - we need to build child care businesses. And we, as rural Economic Developers, need to step up to that challenge with the same, if not more, effort than we put into a new manufacturing plant.

Sunday, September 24, 2023

Business Case for New Municipal Projects

Staff often have ideas for new projects or activities, or changes to either. 

They also often do not have the background for building a business case to demonstrate need, viability, cost, or benefits. Also, they have seldom thought through all the costs and impacts. 

This is a simplified business case that I like to have staff use to do those things. I usually have to work with them to complete, but doing so provides enough information for either implementation by staff, or to go to the City Council for approval, if the project is large enough. It is also flexible enough for a small project, but also works for larger ones. 

1. Name of Project 
2. Executive Summary – in five sentences or less 
3. Objectives of Project 
4. Cost of Project 
    a. Design 
    b. Construction/Installation/Equipment cost 
    c. Annual Operating cost 
    d. Revenue/Cost Savings 
    e. ROI 
5. Details – Vendor, Contractor, equipment 
6. When the project will occur 
    a. Ordering 
    b. Installation 
    c. Operating date