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CASE FOR CHANGE

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LONG TERM VISION

STRATEGIES

OUR ORGANIZATION

A Strategic Plan 2003-2024  •  Written by the Citizens of Paulding County, Georgia

Strategies - Economic Development Foundation

A. Develop and maintain an aggressive competitively funded economic development program that creates higher paying jobs through relocation of jobs to Paulding County, expansion and retention of jobs by existing employers and creation of new enterprise. Develop partnerships with economic development organization in the Atlanta Metro area, state of Georgia, nationally and globally to assist in creating higher paying jobs. Recognize that success on this strategy will require success on other strategies on economic development and on strategies in the five other interdependent foundations Education, Infrastructure, Quality of Life, Government, and Private Sector leadership. (Because of this interdependence strategies in these other foundations will not be repeated in economic development.)

B. Create a “Paulding Product” to sell including the following:

• Develop and maintain competitive business incentives, tax and regulatory policies to be used in creating higher paying jobs.
• Create competitive business and industrial parks with speculative buildings. Encourage their creation by the private sector, but as a fall back alternative provision by the IBA.
• Survey the 30,000 plus Paulding residents who leave the county each day to work and determine their skills, requirements for working in Paulding and type of job that would appeal to them. Maintain an active database of individuals who want to return home to work to aide in marketing Paulding. Over the next 20 years as the retirement of the baby boomers results in a dramatic slow down in the growth of the United States work force Paulding’s younger labor force could be a major asset.

Create the “Paulding Brand” to be used to position and market Paulding internally and externally.

C. Encourage and support the creation and expansion of small business and entrepreneurship that creates higher paying jobs.

• Provide incubators to assist in the creation of new businesses.
• Create or join a network of angel investors who will provide money in small amounts to provide initial start up funds for businesses.
• Encourage the Paulding banking community to provide loans for operating purposes in addition to asset-based lending.
• Formalize an entrepreneur network that meets on a regular basis.
• Provide entrepreneur training.

D. Create a high-speed telecommunications network that positions Paulding as “One of the Best Connected” counties in the Atlanta Metro area.

E. Maintain a targeted list of Paulding County job sectors that will sharpen our economic development focus and result in meeting our Key Benchmarks. Possibilities for these targeted job sectors are:

Source: http://censtats.census.gov/cbpnaic/cbpnaic.shtml

F. Encourage Paulding County government and private sector to purchase from Paulding County companies.

G. Develop the tourism industry with emphasis on history, natural resources and the Silver Comet Trail.

H. Encourage Paulding businesses to export their services or products outside of Paulding to the rest of Georgia, the United States and Globally. Consider targeting specific companies that do well in their native countries for job creation in Paulding.

I. Encourage retail development in Paulding that captures sales tax dollars currently being spent outside the county.

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The highest priority strategies within each foundation are indicated by green type.