IEF
     
Special Feature

imageRonald A. Johnson, dean of the College of Business at Western Carolina University, led a team of business faculty members in a presentation about the current national economic crisis. Johnson, who came to WCU after holding positions with the Federal Reserve and the International Monetary Fund, led sessions designed to help attendees separate fact from fiction, recognize the difference between rumor and truth, and avoid making uninformed decisions. Other schedule speakers include Steve Henson, director of the WCU MBA program; Louis Buck, WCU’s Elingburg Distinguished Professor of Business Innovation; and Tilt Thompkins, professor of finance who has experience in the areas of risk pricing, risk management and asset valuation.

Click here to view this timely presentation.

Recent News

Business News from the Asheville Citizen-Times

  • Film shows job potential in medicinal plant development 12 Jul 2009 | 9:15 pm

    ASHEVILLE -- Research at the Bent Creek Institute could make way for Western North Carolina to reap a harvest of jobs in the growing market for natural medicines.

  • Clock shop moves to Grove Arcade 11 Jul 2009 | 9:15 pm

    ASHEVILLE -- The clock shop Tic-n-Time has moved to the Grove Arcade from downtown Hendersonville.

  • Scientific Investors acquires Franklin firm 11 Jul 2009 | 9:15 pm

    ASHEVILLE -- Doug English, owner of Asheville-based Scientific Investors LLC, has acquired the Franklin-based financial consulting practice of Gary E. Bray.

  • Downtown's Grove Arcade comes under scrutiny 11 Jul 2009 | 9:15 pm

    ASHEVILLE -- A City Council member is upset that the city is going to have to pick up $151,600 in debt payments the arcade management group can't make this year.

  • Real estate people 11 Jul 2009 | 9:15 pm

    Do you have real estate news? Send it to business@CITIZEN-TIMES.com, with "real estate people" in the subject line. We will publish real estate items as soon as possible, in the order in which they were received.

WNC Pulse
Western North Carolina Pulse

As we examine the field of economic development in the westernmost counties of North Carolina, we see three chronic and common problems in the areas of information, interaction and initiative.

Information is literally everywhere. Thanks to the Internet, it often seems as if we are drowning in a sea of data – and while data is plentiful, meaning is not. Context is often lacking and without comparison, content alone is useless. What is needed is a “one-stop shop” approach to economic data; a single site where one could find selected and screened content that could then be sorted and compared to other counties or regions to gain context and displayed graphically for overall ease-of-use. This concept we refer to as a dashboard where, just like in your car, a glance at a few key indicators tells you everything you need to know – quickly and efficiently.

Interaction like information before it, is another situation in which we are perhaps getting too much of a good thing. By interaction, we mean all the federal, state and local institutions that exist to assist counties in the process of economic development. We have reached a point where it is impossible to know all the players in the game; where there is no one place to go for a comprehensive overview of all the services currently available. Again, what is needed is a one-stop shop where economic developers can find a complete listing of all the agencies and organizations that may be of use to them in their work. We would take this one step further and create a network that would not just impart information, but allow for interaction amongst all these participants.

Finally, we come to initiative and by this we mean that with only a handful of media outlets covering our vast region, every day successful initiatives go unheard and unsung by all except the few who were directly involved. There currently exists no reliable medium for communicating successful and important initiatives in the field of economic development. If such communication does occur, it occurs verbally and infrequently. What is required is a website, a sort of “Regional CNN” that would contain professionally-crafted profiles, in both audio and video formats that tell these success stories; that share these best practices and that encourage improved communication and collaboration in these westernmost counties.

This then is the mission of the WNC Pulse: to provide access to a comprehensive economic indicator dashboard at both the regional and county level; to create a network where all the economic development practitioners can interact with one another and then to use our rich media skills to post profiles of individual successes and share best practices.

Through better information, improved interaction and shared initiatives – we believe better decisions will be made, resulting in a better life for all.

 

 
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Southwestern Commission
Advantage West
Department of Commerce
Department of Commerce