Economic Development Strategy, Planning, and Evaluation
Mt. Auburn provides a full range of consulting services in the field of economic development analysis and strategy. Working with a variety of public and private organizations, the firm creates effective economic development policies and programs that promote economic growth and stability, job generation, and the improved functioning of capital markets.
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An integrated economic development model
Economic development has traditionally focused on business attraction, expansion, retention, and startup. Mt. Auburn employs a model that integrates traditional economic development with community development – the effort to revitalize defined geographic areas; and workforce development – the effort to provide residents with the skills needed for job access. We view this integrated model as a more powerful framework for improving local and regional economic conditions.
Shared and sustained economic well-being
It is not enough to develop strategies that simply promote job creation. An important goal of economic development is to raise income levels, particularly among the economically disadvantaged. This requires attention to the quality of jobs and concern about who is getting those jobs. In addition, development activity should be undertaken in a manner that retains or enhances the quality of life and environment not only in the present, but also for future generations.
Thoughtful customization
Economic development studies are too often characterized by standardized methodologies and over-reliance on quantitative data. Mt. Auburn uses data and standard analytical tools extensively but only as a starting point, augmenting them with in-depth primary research. Quantitative and qualitative information are then woven into a clear, in-depth situation analysis. Recommendations are similarly tailored – while Mt. Auburn is highly knowledgeable about relevant models and best practices, we carefully draw from and adapt successful models to craft homegrown solutions. The results are fully attuned to local objectives, resources, and capacity.
