2019-2024 Economic Development Strategic Plan

Missing (Part I of Weaknesses) Weaknesses through the lens of the community require analysis of three key factors. This first factor looks at weaknesses to (a) add depth to “why” people don’t want to stay in or move to the community, (b) identify the types of amenities the community desires for themselves and (c) give context to the types of outcomes the community wants in an economic development plan (both specifically and generally).

In identifying what they see as missing from Spencer, respondents were in fact highlighting outcomes they want. New industry and jobs, especially jobs with higher wages was the subject of significant attention.

What’s Holding Spencer Back (Part II of Weaknesses) Part II evaluates weaknesses to (a) establish a baseline for how the community views it’s past economic development efforts, (b) identify community perceptions as to why economic development isn’t more successful and (c) understand what information and education the community may need when implementing a new economic development plan.

Without communication economic development can go on unnoticed and negative perceptions build up over time. Respondents were very self-reflective in understanding that “attitude” and “fear” often negatively influence the success of economic development. Both can be overcome through communication.

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