Global Leaders Identify Critical Issues to Overcome Economic Development Challenges at the Economic Development Innovation (EDI) Council Meeting

— Organizations reconvene to solve economic development challenges through a collaborative approach at identifying global best practices

MOUNTAIN VIEW, Calif., Dec. 9, 2014 /PRNewswire/ — Following the inaugural Economic Development Innovation (EDI) Council conference organized at Frost & Sullivan’s flagship Growth, Innovation & Leadership (GIL) Silicon Valley event, the Council reconvened for its first quarterly web conference on November 12th, 2014.

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The web conference began with case studies on visionary leadership and its importance in economic development innovation. The Council went on to review and vote on critical issues in economic development.

Five critical economic development issues were voted to be included as part the Council’s research agenda for 2015:

  • Bridging the Digital Divide
  • Innovative Education
  • Smart Development
  • Affordable and Disruptive Healthcare
  • Attracting Investments

The Council will reconvene each quarter, encouraging members to share best practices and propagate innovative solutions to ongoing global challenges. Of the five critical issues, Bridging the Digital Divide will form the center of the Council’s focus for the first quarter of 2015. The next quarterly EDI Council web conference will take place on March 11, 2015 at 10:00 a.m. EDT.

To register for the next EDI Council web conference, click here. Join Frost & Sullivan’s Economic Development Innovation (EDI) Council Group to interact with this global community of economic development leaders.

"Visionary leadership from economic development agencies can be transformative in driving growth and solving critical issues," said Frost & Sullivan Chairman David Frigstad. "The collaborative learning and sharing model adopted by the Council is a powerful way to address approaches to solve global challenges.”

The EDI Council also identified a set of accelerators associated with the critical issues to spur economic development. The following are the set of accelerators:

  • Digital Transformation
  • Technology Transfer and Intellectual Property Protection
  • Public Private Partnerships
  • Localized, Ownership Based, Collaborative & Leadership Driven (L.O.C.A.L) Healthcare Transformation
  • Implementation Focus & Excellence

"We are thrilled with the ability to catalyze and accelerate disruptive approaches to global change. We look to expand the breadth and scope of the EDI Council to facilitate deeper discussion, cooperation, and thought leadership," said Frost & Sullivan’s Global Vice President- Economic Development Innovation, Sath Rao.

About the EDI Council

The Economic Development Innovation Council is a global body of Economic Development Organization (EDO) leaders who are committed to the growth and success of the EDO sector. The Council does this by uniting EDOs from across the world to deliberate on key global challenges, exchange best practices and share success stories.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Ariel Brown
Corporate Communications – North America
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