Benchmarking

To embark on the most effective and prudent economic mission, communities must clearly grasp their present conditions, understand how they arrived at this point, and anticipate changes that may influence their economy tomorrow. Prager's economic base analyses clarify the current economic situation and measure community progress or fragility vis-a'-vis the competition.

Economic development success is a function of myriad factors, not all of which can be controlled. What is important to one business or sector of the economy may be inconsequential to another. Knowing how a community stacks up, the implications of its competitive position, and its ability to enact change are the foundation for informed economic development policy-making and action.

Prager uncovers community strengths and weaknesses relative to the competition and spotlights areas that warrant aggressive promotion or corrective measures. As a result, its clients gain the confidence to prioritize activities that truly enhance competitiveness.  

Benchmarking Clients
• Illinois Department of Commerce and Community Affairs
• Fort Leonard Wood (MO) Regional Commerce and Growth Association
• South Suburban Cook County
• Naval Air Warfare Center/Indianapolis Reuse Planning Authority
• Northern Illinois University
• Bay County (FL)
• Chicago Partnership for Economic Development
• City of Mount Vernon (IL)
• Portugal Trade and Tourism Office