A U.S. Army veteran, Michael Erin serves as principal and managing partner with Chicago-based Progressive Management & Associates, where he is a leading voice in the firm’s branding and marketing efforts. Supplementing his day-to-day work, Michael Erin belongs to a number of economic development organizations, including the International Economic Development Council (IEDC).
Earlier this year, the IEDC published its annual Salary and Demographic Survey of Economic Development Professionals, the definitive guide to compensation and marketplace trends. The data that makes up the backbone of the publication is based on input from more than 3,600 economic development experts from around the globe. Various data points found in the survey publication include compensation figures based on tenure, education, age, gender, and the number of subordinates.
IEDC survey participants can purchase the survey online from the organization’s bookstore (either print or PDF) for $100, and all others can purchase the survey for $250. For more information or to purchase the survey, visit iedconline.org
Prior to his current role as principal with PacificRock, LLC, headquartered in Las Vegas, Nevada, Michael Erin served as chief of staff and director of operations for the Las Vegas Global Economic Alliance, an organization focused on regional development for southern Nevada. Active in his professional community, Michael Erin is also a member of the International Economic Development Council (IEDC).
The nonprofit IEDC is a membership organization that caters to the economic development profession and is the largest organization of its kind in the world. Its 4,500-plus members have far-ranging economic development experiences and hail from private, public, rural, urban, and international backgrounds.
IEDC will hold its 2016 Annual Conference in Cleveland, Ohio, on September 25-28, 2016, which coincides with the organization’s 90th anniversary. The conference’s headquarters will be at the Westin Cleveland Downtown.
The annual conference agenda will feature the emerging trends and best practices within the economic developer profession. Participants will also be apprised of Cleveland’s inspiring rebirth and the transhistorical narrative of Northern Ohio’s economy.
Attendees will learn about Cleveland's adaptation to changing economic realities, the initiatives it undertook, and the lessons learned that participants can bring back with them. Invited speakers include Frank Jackson, a three-time mayor of Cleveland.
A local community leader, Michael Erin serves the Las Vegas Global Economic Alliance as its global initiatives manager. In this role, Michael Erin networks with investors around the world, showcasing opportunities in the Las Vegas region.
Global economic development is always changing. As the United States continues its economic recovery, here are three of the emerging trends.
More and more people are working for themselves, either as consultants or contractors. Jobs are often outsourced by companies on a “1099” contract basis. Workforce studies for grant funding or private investment often depend on employment figures in a given area. However, 1099 contractors don’t appear in those records, which makes it increasingly difficult to get accurate statistics.
Another trend is the rise of education and taxes as factors in determining economic investment. Gone are the days of a company simply considering location. In addition to that, investors are now looking for an educated workforce, quality of local public education, higher-education pipelines and tax incentives to determine where to site their operations.
As for tax incentives, however, local community residents have become increasingly skeptical of such arrangements. Even good-faith deals can be met with backlash, which is why transparency is paramount. Local governments and investment groups need to make a joint committed effort to keep the public involved and informed about potential partnerships and tax-incentives.
Michael Erin currently serves as the global initiatives manager for the Las Vegas Global Economic Alliance.