Show notes
In this episode of the Econ Dev Show, Clint Nessmith, CEO of Resource Development Group, reveals the niche world of economic development fundraising consulting. He explains how his firm exclusively works with economic development organizations and chambers of commerce across the country, particularly focusing on larger regional chambers in major markets. Nessmith shares insights about the fundraising process, the importance of market validation, and how proper fundraising can unite communities behind a shared vision.
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Actionable Takeaways
- Consider hiring specialized fundraising consultants for major economic development campaigns
- Validate your fundraising goals through market research before launching campaigns
- Use fundraising processes to unite community stakeholders behind a shared vision
- Focus on creating comprehensive plans that address market-identified needs
- Don't hesitate to delay fundraising if market validation suggests you're not ready
- Leverage external expertise to add credibility to your fundraising efforts
- Stay informed about economic development funding trends through industry resources
- Build fundraising models that match your organization's size and scope
- Use fundraising campaigns as opportunities to strengthen community relationships
- Incorporate market feedback into your organizational messaging and planning
Special Guest: Clint Nessmith.
Sponsored By:
- Sitehunt: Sitehunt is an AI-enhanced platform that helps economic developers build a comprehensive property database, enabling informed decisions and efficient RFI responses to accelerate site selection and project success.
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