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Do You Work With Your Local Economic Council?

By
Real Estate Broker/Owner with Beam & Branch Realty TREC #547752

As real estate agents, lenders, title companies, inspectors, or any other local business person, if you have a local economic council, are you working closely with them? The reason I ask is that many business people haven't thought through the advantages these resources have available to us. Additionally, many aren't aware of how we can partner with our local economic councils.

For starters, here are some tips you might want to consider:

  • First, find out if your city/county has an Economic Council.
  • Next, get to know the key players in this organization.
  • Make it a point to meet with your council and find out what are the incentives being offered by your area to bring in businesses.
  • Offer to underwrite or partner with an Economic Development luncheon, forum, after-hours event, or seminar.
  • Find out if they have sub-committees and need members to serve on those platforms. This is a great way to really be involved in what is happening.
  • If your area does not have an economic council or development program, contact the powers that be in your area and discuss how important these are and if you can be a part of a community group to begin the discussion to bring one to the area.

The more we can be involved in our local politics, development councils, and other community endeavors, the better it is for all. As professionals in real estate, knowing what is coming to our respective areas is paramount. Your clients will appreciate you being in "the know" and are that much better informed to assist them.

A local economic council is a great asset to any community. Get involved and discover this great resource available to you. You may have an undiscovered gem right in your own backyard.

 

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Comments(7)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Had to Google this to see if San Jose has an economic council. 

Turns out, it has an economic recovery council ... no real surprise - the city continues to decay day by day. 

Feb 10, 2021 11:47 AM
Dr. Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Kathleen Daniels, Probate & Trust Specialist, that is sad. Hopefully, things can turn around for you.

Feb 10, 2021 01:22 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Working with local economic councils sounds like somewhere that real estate professionals could roll up their sleeves and make a difference, Paula.

Feb 10, 2021 04:48 PM
Dr. Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Agreed Myrl Jeffcoat - here in our little town, we finally have an economic director and it is exciting to see where it is leading.

Feb 10, 2021 07:35 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Author, Golfer, Retired Broker, Wenatchee, WA

Being involved with the local Economic Council, City Council or other agencies is certainly a way to be in the know and that can be impressive to potential clients.

Feb 11, 2021 02:38 PM
Anna "Banana" Kruchten
Retired Broker/Owner - Phoenix, AZ
602-380-4886

Paula we were heavily involved in the Chamber of Commerce for years. Not so much anymore as it's become very big business orientated.  Which is fine by me now, I've put in my time on many, many boards, etc etc.  I highly recommend doing thiis .......for those that are wanting to expande their horizons and create a bigger network.

Feb 11, 2021 04:17 PM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

We tried the Chamber for a while, but it was so REALTOR heavy.  Seriously, to the point of rididulous. Our former neighbor was the head of the Camas/Washougal Economic Development.  Your suggestion is a good one. 

Feb 12, 2021 07:22 AM