In this episode of the Econ Dev Show, Clint Nessmith, CEO of Resource Development Group, reveals the niche world of economic development fundraising consulting. He explains how his firm exclusively works with economic development organizations and chambers of commerce across the country, particularly focusing on larger regional chambers in major markets. Nessmith shares insights about the fundraising process, the importance of market validation, and how proper fundraising can unite communities behind a shared vision.
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Actionable Takeaways
Consider hiring specialized fundraising consultants for major economic development campaigns
Validate your fundraising goals through market research before launching campaigns
Use fundraising processes to unite community stakeholders behind a shared vision
Focus on creating comprehensive plans that address market-identified needs
Don't hesitate to delay fundraising if market validation suggests you're not ready
Leverage external expertise to add credibility to your fundraising efforts
Stay informed about economic development funding trends through industry resources
Build fundraising models that match your organization's size and scope
Use fundraising campaigns as opportunities to strengthen community relationships
Incorporate market feedback into your organizational messaging and planning Special Guest: Clint Nessmith.
