New Video about Creating a Public-Private Partnership for Economic Development

<p>Rick Morse is a School of Government faculty member.</p> <p>Economic development is a classic example of a boundary-crossing problem. Local economies are impacted by the actions of multiple jurisdictions (e.g. neighboring municipalities, county government, etc.), as well as the actions of private and nonprofit sector actors in the community. Success in growing local economies often requires coordinated action of these actors. Local economic development is certainly not the domain of any one government or other organization. Going it alone just doesn’t work. This is why many communities and regions are creating boundary organizations to facilitate collaborative economic development. The Wayne County Development Alliance is an example of this kind of innovation in local governance.</p> <p>Recently published research (2010) by School of Government faculty member Jonathan Morgan finds that governance arrangements that include a diverse mix of organizations, across sectors and jurisdictions, is a predictor of innovation in economic development activities.</p> <p style="padding-left: 60px">“A larger number and more diverse array of organizational partners can infuse new ideas and ways of doing things into the process of economic development. An implication of this is that a networked approach to economic development has the potential to connect communities to valuable ideas, resources, and opportunities that spark local innovation and help a jurisdiction accomplish what it cannot do alone.” (Policy Studies Journal 38(4): p. 697)</p> <p>There are a variety of organizational arrangements to facilitate public-private partnerships in economic development, including a county acting as a lead, coordinating agency, with other public and private sector organizations as partners. But these arrangements have their drawbacks, [...]</p>