Return to Economic Development Consulting

- Feb 12, 2010

For the past many months former private and public sector clients have contacted me for info, ideas and suggestions about the prevelent economic and financial climate pertaining to commercial and industrial real estate and economic development issues.

The questions were, Is this the time to sell? Should we buy now or wait?
How can we attract private high-tech firms to our community?

Do any communties offer "bread-and-butter" financial deals for a start-up firm? Can we get a property tax break? Who has seed or venture capital funding?
Tough questions in tough times.

Many major national commercial brokerage firms report ever rising vacancies with less and less demand. Financning is growing tigher by the hour.

Community officials and leaders see local, long established firms folding, closing or just moving away to "greener pastures" taking with them taxes and jobs. Unemployment rises as more retail shops grow dark.

Yet, some firms expand, others buy and some move to more agressive "greener pastures."

Deals are done but not in the high volumne we grew accustomed to seeing.
Today, for the most part, the potential buyer or tenant is in the drivers seat. Communties need to be more realistic, creative, nimble, and innovative.

With this in mind I've decided to return to concentrate in econimic development consulting services for both the private and public sectors. I bring to the table 35 + years of expertise and proven experience.

From my view point many of the former tools and techniques don't work in this climate.

I hope that you will find my future blogs helpful and useful.
Your comments and feedback is respecfifully requersted. If you have any questions feel free to call me at any time.

Sincerely,
Bill McInerney, Consultant
Economic Development Services
(617) 816-3933