Develop This: Economic and Community Development

What does it take to transform a fast-growing community into a regional economic powerhouse? In this episode of Develop This!, Dennis sits down with Jennifer Storm, Chief Executive Officer of the Buda Economic Development Corporation and the IEDC 2025 Economic Developer of the Year, to unpack her remarkable journey from community volunteer to a driving force behind the growth of Buda,TX. Jennifer shares how curiosity, persistence, and a willingness to "say yes to every opportunity to learn" helped shape her leadership style and career path. Her story is a powerful reminder that impactful economic development starts with community connection and trust. We explore how Buda has evolved from a bedroom community into a strategic destination for business investment—leveraging its proximity to Austin while carving out its own unique identity. Jennifer discusses the importance of regional collaboration, noting, "we work together really well in our region," and explains how that cooperation drives lead generation, shared success, and long-term sustainability. A standout moment in the conversation is the case study of Perseus Defense Technologies, a cutting-edge project that reflects Buda's ability to attract innovative, high-impact industries. Jennifer walks through the strategy behind landing the Perseus project, from relationship-building to aligning incentives and community vision. Beyond business attraction, Jennifer emphasizes the importance of nurturing local entrepreneurs. Initiatives like the Buda Hive Incubator and youth-focused programs such as the B Market are creating a vibrant ecosystem that supports startups, small businesses, and future innovators. We also highlight key wins like the expansion of US Foods, ongoing downtown revitalization efforts, and the creative reuse of historic assets like the train depot—demonstrating how economic development can enhance both quality of life and economic opportunity. From leadership lessons to actionable strategies, this episode is packed with insights for economic development professionals looking to build stronger, more resilient communities. Key Topics Transition from community volunteer to economic developer Strategies for community growth and business attraction Supporting local entrepreneurs and small businesses Case study: Perseus defense tech project Building regional collaboration and trust

The space economy is no longer a distant frontier—it's a powerful engine of economic growth, innovation, and talent development right here on Earth. In this episode of Develop This!, Dennis sits down with Edgar Campa-Palafox Vice President, Business Development, Economic Development Commission of Florida's Space Coast, a community coalition, is the official economic development organization for Brevard County, to explore the rapid rise of Florida's Space Coast and how it's becoming a global hub for next-generation aerospace activity. Fresh off the momentum of the Artemis II mission's successful launch, excitement is building across the industry and within communities tied to space exploration. Edgar breaks down what this milestone means not just for returning humans to the Moon, but for regional economies, workforce pipelines, and long-term global competitiveness. We dive into how the Space Coast is leveraging major initiatives like Artemis Program to attract investment, foster innovation, and create high-quality jobs. From satellite technology and Earth monitoring systems to commercial launches led by companies like SpaceX and Blue Origin, the region is experiencing a modern-day space renaissance. Edgar shares insights into the critical role of public-private partnerships, highlighting collaboration with organizations like the Florida Space Coast Economic Development Commission and the impact of assets such as the Kennedy Space Center. Together, these stakeholders are building a sustainable ecosystem that supports both legacy aerospace giants and emerging startups. Workforce development takes center stage as well, with a focus on engaging the next generation of talent. As Edgar notes, "the space industry appeals to young people," creating a unique opportunity for communities to align education, training, and career pathways with one of the fastest-growing sectors in the world. Whether it's infrastructure expansion, housing demand, or the broader economic ripple effects of launch activity, this episode highlights how space is reshaping local economies—and what economic developers can learn from Florida's bold approach. Key Topics Growth of the space industry and its economic impact The Artemis program and lunar exploration Workforce development and talent pipelines Infrastructure and community growth Public-private partnerships in space

In this episode of Develop This!, Dennis Fraise sits down with Amber Banks, President and CEO of the African American Alliance of CDFI CEOs, to explore the transformative role of Community Development Financial Institutions (CDFIs) in advancing equitable economic development. Amber shares how black-led CDFIs are uniquely positioned to build trust, expand capital access, and drive meaningful impact in underserved communities—while also addressing the persistent challenges these institutions face in scaling and sustainability. From the importance of certification and capital access to the power of culturally competent leadership, this conversation highlights why investing in black-led CDFIs isn't just equitable—it's essential for stronger, more resilient local economies. If you're an economic developer looking to deepen community impact, strengthen partnerships, or better understand the future of inclusive finance, this episode delivers actionable insights you can apply today. Key Takeaways CDFIs are critical infrastructure for underserved communities, filling financing gaps traditional institutions often overlook Black-led CDFIs face systemic capital barriers, limiting their ability to scale impact Trust and cultural competency are core to successful community finance strategies Certification matters—it signals credibility and unlocks funding opportunities Investing in black-led institutions strengthens entire regional economies Episode Highlights The evolving role of CDFIs in modern economic development Understanding the capital asset gap and its implications Navigating tools like New Market Tax Credits Building institutional capacity for long-term sustainability The role of philanthropy and partnerships in scaling impact Leadership lessons from growing a national alliance Memorable Sound Bites "Without capital, impact is limited." "Certification signals investability." "Empathy shapes effective leadership."

In this episode of Develop This!, Joi Cuartero Austin sits down with Eric Reader to explore one of the most overlooked—but most impactful—strategies in economic development: business retention. While recruitment often grabs headlines, Eric makes the case that real, sustainable community growth happens by supporting the businesses you already have. Through proactive relationship-building, early intervention, and consistent communication, local leaders can help small businesses not just survive—but thrive. This episode dives into practical, easy-to-implement strategies, from using simple tracking tools and AI to identifying early warning signs of distress. Eric also emphasizes the importance of celebrating small wins to build momentum and strengthen trust within the local business community. If you're looking to maximize your impact with limited time and resources, this conversation provides a clear roadmap for building a stronger, more resilient local economy—one relationship at a time. Key Takeaways Retention drives long-term growth more effectively than constant recruitment Proactive relationship-building is essential to understanding business needs Early intervention prevents closures and strengthens local economies Simple tools (like spreadsheets and AI) can dramatically improve tracking and insights Celebrating small wins builds trust and momentum within the business community Episode Highlights Why retention should be the foundation of any economic development strategy How to structure meaningful, ongoing conversations with business owners Recognizing early warning signs before businesses reach crisis point Practical ways to track business engagement and identify trends Leveraging technology to streamline retention efforts Busting common myths about business retention Strategies for maximizing impact with limited staff and time Memorable Sound Bites "Retention is where the real work is." "Ask about what's getting in the way." "Track your conversations and trends."