TOWN OF WETHERSFIELD, CONNECTICUT

 

ECONOMIC DEVELOPMENT STRATEGIC

MARKETING PLAN

 

 

DECEMBER 2001

 

 

"There is a new global social order in that performance in a fast-changing environment is the dominant factor for success and survival for individuals, companies and governments: Survival of the fittest is an old concept that now has a new meaning. The fittest are those who can adapt to globalization and technological advances quickly and easily. As never before, those who cannot or will not adapt to change will fall by the wayside."

Site Selection, January 2000

 

 

 

TOWN OF WETHERSFIELD, CONNECTICUT

ECONOMIC DEVELOPMENT STRATEGIC MARKETING PLAN

TABLE OF CONTENTS

 

 

SECTION PAGE

ACKNOWLEDGEMENTS 1

SUMMARY AND OVERVIEW 1

DEFINITION OF ECONOMIC DEVELOPMENT 3

WETHERSFIELD VISION 3

MISSION STATEMENT 4

PRIMARY GOAL 4

RELEVANT MARKET DATA 5

WETHERSFIELD AT A GLANCE 5

CUSTOMER SERVICE AND TRAINING 7

PROVIDE SUPPORT FOR LOCAL RETAILERS 7

WETHERSFIELD BUSINESS VISITATION PROGRAM 9

WETHERSFIELD MARKETING RECOMMENDATIONS 11

MEDIA CONTACT INFORMATION 21

SUGGESTED TARGET MARKETS 25

TOURISM 27

MEASUREMENT AND REPORTING SYSTEM 29

MARKETING AND BUDGET GUIDELINES 30

IMPLEMENTATION 32

COORDINATION OF ORGANIZATIONS 34

EVALUATION AND MONITORING 35

APPENDIX 36

 

 

 

WETHERSFIELD ECONOMIC DEVELOPMENT

STRATEGIC MARKETING PLAN

 

ACKNOWLEDGMENTS

 

We wish to acknowledge the time, energy and commitment of all the people who participated in the creation of the Economic Development Strategic Plan process for the Town of Wethersfield. The community has created a vision of its future and developed goals and objectives. This is the companion piece that addresses the marketing apects.

 

SUMMARY AND OVERVIEW

 

In mid-2000 the Town of Wethersfield began the process of updating its economic development strategic plan, which had originally been prepared in 1995. This document presents the results of that effort, and although it is entitled an Update, it is essentially a new plan.

The plan addresses the Townís primary economic development mission, which is "Öto attract and retain an appropriate mix of business for the purpose of increasing the tax base and improving employment opportunities in Wethersfield."

The Economic Development Steering Committee, which guided the development of this plan, devoted extensive thought, analysis and debate to the fiscal needs and realities of Wethersfield for the future. Based on this discussion, the Committee set as its primary goal "Öto identify a set of actions intended to increase the non-residential portion of Wethersfieldís Grand List by 1% between the October 1, 2000 and the October 1, 2010 Grand Lists (from 15.72% to 16.72%)."

This may not appear to be an aggressive goal, but it is in the context of the realities that define Wethersfield. Three of those realities collide and pose a significant challenge to the residents and government of the Town in expanding the local economy:

This Economic Development Strategic Plan provides a series of action items that focus on five major elements:

  1. Providing an Appropriately Diversified Economic Base
  2. Economic Development Readiness
  3. The Need for Community Education
  4. Community Quality Improvement
  5. Existing Business Assistance and Recognition.

The Plan focuses its attention of the improved development of Wethersfieldís primary business corridors:

Finally, the Plan recognizes that for Wethersfield to reach its primary goal of expanding the non-residential portion of the Grand List, it must aggressively stimulate adaptive reuse of already developed areas. In some instances, this will be the upgrading of existing properties, while in other instances, it will be the replacement of lower value developments with newer and more valuable forms. The establishment and empowering of a Development Agency as allowed in the Connecticut General Statutes will be a key tool. So too will be the day-to-day efforts of a more active Town Economic Development Office.

This Economic Development Strategic Marketing Plan has been designed to be cost-effective by using current resources and developing new ones. Wethersfield has a tremendous resource in its people and will play an important role in the implementation phase. The quality of education and infrastrucure are both factors in the site selection process and important in the economic development equasion. Communities need to always look for better and more effective ways of operating. Boards of Education need to find out where their school system ranks internationally rather than how they are doing as compared to other communities in the state.

This plan was developed with community input and the participants stand ready to begin implementation. Many of the implementing strategies do not cost money. The Plan has been designed to create momentum and accomplish the easy tasks first in many areas thus causing synergy.

 

DEFINITION OF ECONOMIC DEVELOPMENT

 

Economic development is first an ongoing process and second a professional practice whereby economic developers influence the process. The practice of economic development is not just marketing harder, but it is a companion to product improvement (The Town of Wethersfield).

"The process of creating wealth through the mobilization of human, financial, capital, physical and natural resources to generate marketable goods and services."

 

 

WETHERSFIELD VISION STATEMENT

 

The Town of Wethersfield developed a Vision Statement during the initial strategic planning process in 1995 and was reviewed in the development of the new Economic Development Strategic Plan. The vision is still valid, and reads as follows:

Wethersfield shall remain a thriving community: a desirable place to live, work, run a business, go to school, recreate, and raise a family.

We place high value on our communityís natural resources, aesthetics, historic heritage, educational excellence, and commitment to public safety.

Our citizens shall receive efficient, effective and affordable services from municipal employees who care, and who share our love for Wethersfield.

We encourage and support volunteerism and community involvement.

We seek to maximize our townís economic potential.

We adapt to challenges in a spirit of cooperation, innovation and good will.

 

 

MISSION STATEMENT

 

This Mission Statement provided the basis for the prior Economic Development Strategy and the Economic Development Steering Committee reviewed and discussed this Mission Statement and concluded that it remained valid for Wethersfieldís economic development future. Wethersfieldís Economic Development Mission is as follows:

The mission of the Town of Wethersfieldís Economic Development program is to attract and retain an appropriate mix of business for the purpose of increasing the tax base and improving employment opportunities in Wethersfield.

 

 

PRIMARY GOAL

 

After careful review of the Grand Lists over a number of years and the need for services now and well into the future, the following Primary Goal was established:

The Primary Goal of this Economic Development Strategic Plan Update is to identify a set of actions intended to increase the non-residential portion of Wethersfieldís Grand List by 1% between the October 1, 2000 and the October 1, 2010 Grand Lists (from 15.72% to 16.72%).

 

 

 

 

RELEVANT MARKET DATA

 

 

Setting the stage for the marketing aspect of the economic development program, it is helpful to understand the community. This chart summarizes some of the key demographic attributes of Wethersfield.

 

WETHERSFIELD AT A GLANCE

County

Hartford

Labor Market Area

Hartford

Size

13.0 square miles

Wethersfield Population

1980 26,013 US Bureau of Census

1990 25,651 US Bureau of Census

2000 26,271 US Bureau of Census

Composition of 2000 Population

White 24,481

Black 549

Asian 416

Multirace 321

Hispanic 1,101

2000 Wethersfield Population Distribution

Preschool 5.3%

School Age 14.8%

Labor Force 56.4%

Retired 23.5%

Median Age

1990 2000

Wethersfield 43.0 44.1

Hartford County 34.5 37.3

Connecticut 34.4 37.4

Number of Housing Units

1990 10,470

  1. 11,201

2000 11,454

1998 Per Capita Income

Wethersfield $26,283

County $22,818

State $25,182

Educational Attainment

(1990 Bureau of Census)

High School Diploma

Bachelorís Degree

Graduate Degree

Town County State

30.8% 29.5 % 29.4%

16.7% 15.6 % 16.2%

11.5% 10.1% 10.9%

WETHERSFIELD AT A GLANCE ñ continued

Labor Force (October 2001)

11,976

Employed

11,675

Unemployed

301

Unemployment Rate

2.5%

Hartford LMA Unemployment Rate

(October 2001)

3.0%

Connecticut Unemployment Rate

(October 2001)

3.0%

3.2% Seasonally Adjusted

U.S. Unemployment Rate

(October 2001)

5.0%

5.4.% Seasonally Adjusted

Housing Starts (Town Fiscal Year)

1994-1995

1995-1996

1996-1997

1997-1998

1998-1999

1999-2000

47

85

64

84

35

41

 

CUSTOMER SERVICE AND TRAINING

 

Economic Development Readiness is critical as part of the process in preparing a community for economic development to take place and is the second goal in the Economic Development Strategic Plan. The objective is to continue to implement improvements in Wethersfieldís image as a business- friendly community with a high interest in economic development.

Economic Development for Public Officials (EDPO)

Metro Hartford/Economic Growth Council has developed a program to provide periodic training and team-building program for Town elected and appointed officials and board and commission members, Town employees and residents regarding their roles in building and nurturing a visitor-friendly town environment.

Team Wethersfield

Create "Team Wethersfield" which will include all Town Council, Town staff and Board and Commission Members. The recommendation is to provide all members with some memento signifying their participation on the team (e.g., a pin, paperweight, tee shirt).

Input about the item should be sought from the participants.

 

 

 

PROVIDE SUPPORT FOR LOCAL RETAILERS

 

Form/Activate Merchantsí Associations

In order to implement the vision for the corridors, it will be essential to have the input and confidence of the businesses along the Silas Deane Highway and the Berlin Turnpike. It is instrumental to have the merchants especially on the Silas Deane Highway understand the value of cross promoting the historical aspect of the town.

Through the use of cooperative dollars, more advertising can be purchased both in the news media. As a small business, the business is often too small to negotiate in this area. If they join in with others, there are economies of scale resulting in "a bigger bang for the buck".

We recommend that the Town of Wethersfield act as a catalyst in the endeavor to:

Each merchant group would come together, form a Board of Directors, develop a dues structure, and develop a plan.

As a catalyst, the Town of Wethersfield staff could identify the businesses along the corridors, send out notices and set up the first meeting. At this meeting, it would be an opportunity to:

If the merchants wanted to proceed, it is recommended that a request for proposal be sent out asking for an outsource agency to staff the association, help develop a plan, place the cooperative advertising dollars, arrange the programs and other related work. Town officials could help prepare this request for proposal.

It is recommended that the Town of Wethersfield financially participate for the first two years and that a staff person serve as a liaison on the Board of Directors. If the Town of Wethersfield participates, then a reporting system must be set up for accountability.

It would be logical for the Town Planner to serve in this capacity which would also

tie in with his association with the businesses. It is not recommended that staff take on the responsibility of promoting retail, but take an active role as part of the overall program. Working with merchant groups is time consuming and a firm that specializes in advertisement and other promotions is better suited for this program. Successful examples of cooperative advertising are the businesses in West Hartford Center.

There are economies of scale for having a firm work with two associations, which would result in better coordination of the two. A separate telephone line could be designated for each association, but at the same address. Using a 1999 estimate, there are 463 businesses on the Silas Deane Highway and 66 on the Berlin Turnpike yielding a combined total of 529. A dues structure would be established and if every member joined, the cost to each for this outsource agency would be $60 on an annual basis. Even if only half of the businesses joined, the cost for each would be $114.

In Hartford there are area associations such as the North End, Park Street, and Franklin area that work together for purchasing power. The organizations make money off of fees and from programs. Each business cannot be an island unto itself, but must come together and operate on the mall concept.

The Old Wethersfield Shopkeepers Association could also participate if they desired.

At subsequent meetings other ideas could be presented such as doing a Wethersfield retail map, pots and planters and other appropriate subjects.

 

 

 

Develop a Buy Local Program

It is recommended that the Economic Development and Improvement Commission work with the Wethersfield Chamber of Commerce to develop a Buy Local Program in conjunction with the Merchantsí Association. As part of this effort, a program should be developed for Cable Television to be aired on a regular basis.

 

 

WETHERSFIELD BUSINESS VISITATION PROGRAM

 

The Wethersfield Business Visitation Program is the communityís best line of defense against companies leaving the community. Early warning systems are considered the most effective business retention and expansion technique. As a further benefit, company leaders are also sources for leads for potential business to locate in town. The business executive would be approached about participating in the Wethersfield Ambassador Program.

Teams consisting of two to three people with several representatives from the following categories should be created to visit Wethersfield businesses:

In any case there should not be so many people that it overwhelms the businessperson. Visits are arranged to communicate by setting a stage for dialogue to take place. Visits begin by thanking the business for having chosen Wethersfield as a location. It is an opportunity for business leaders to express concerns and needs in a confidential setting. The business is surveyed about its needs and expansion plans. At this time, referrals and recommendations for appropriate resources may be made.

Appropriate information should be left with the business owner which may include:

If it were desired to meet with all 1,141 businesses in a year, then it would mean that 22 business visitations would need to be done on a weekly basis. There are a total of 38 people from the categories listed above and assuming a team of two visits each business, it would mean that 19 teams would be conducting business visitations on a weekly basis, but in one year each team of two would have to conduct 61 visits. This is an extremely aggressive schedule and not realistic. It would be more realistic to set a three-year time period, which would mean that 7 business visitations would have to be conducted on a weekly basis.

It is also recommended to schedule the visits in blocks of time for efficiency and not have any one team conduct more than three in a day. The blocks of time could be either the morning or the afternoon.

Prior to the business visitation, the following should take place:

Since data collection and follow up is essential to the program, a good reporting system must be in place. Metro Harford/Economic Growth Council has purchased software for tracking and collecting data although the instrument will not be available to the communities individually to use. Since Metro Hartford/Economic Growth Council will only be present for some of the business visitations some system would have to be developed so that the data collected could be then entered into the system. It makes since to utilize a similar format and Growth Council representatives are receptive to working with the town to develop a system.

 

 

 

WETHERSFIELD MARKETING RECOMMENDATIONS

 

 

 

 

 

The following two essential elements are recommended in developing and implementing marketing plan:

Organization

The community must continue to become organized to make the necessary tools and materials available. The systems required to support marketing must be in place to create a solid foundation for the marketing effort.

Internal Marketing

Internal marketing is needed to build consensus, support and organizational strength. It also stimulates retention and expansion of the existing business. Internal audiences include: Town Council, Economic Development and Improvement Commission, other commissions, investors (public and private), existing employers, opinion leaders, critics and the public.

Entity Targeted

Action

Timeframe

Strategic Marketing Plan Implementation Members

Meet to collaborate, provide quarterly status reports, and discuss future plans for next quarter.

Quarterly

Begin 1st Quarter 2002

Boards & Commissions

Meet to exchange ideas

Semi-Annually

Land Use Commissions

Meet to exchange ideas and update on projects.

Quarterly

Town Officials & Residents

Hold Economic Development for Public Officials (EDPO) training session

1st Quarter 2002

Town Officials, Employees and Others

Prepare program for "Team Wethersfield"

1st Quarter 2002

Citizens and Businesses

Municipal Government & Board of Education should collaborate and produce Town newsletter.

Quarterly

Citizens and Businesses

Continue to produce the Annual Report in form of Annual Report & Town Calendar with information on town services, contacts and meeting dates.

Annually

Wethersfield Businesses

Town representative should participate by providing articles and other pertinent information for the Wethersfield Chamber of Commerce newsletter.

Quarterly or as often as the newsletter is published.

Salute to Business Award Winners

Send congratulatory card with photograph of award recipient signed jointly by Mayor, Town Manager and EDIC Chairman.

Annually

Citizens and Top Taxpayers

Produce one-sheet summary of Economic Development Strategic Marketing Plan. Put on web site.

1st Quarter 2002

Citizens

Establish a calendar of events and designate employee to have responsibility. Distribute to news media and update monthly on web site.

Update monthly.

Wethersfield Top Taxpayers

(25)

Wethersfield Business Visitation

Meet to express appreciation to top taxpayers & begin dialogue.

Ask about needs & expansion plans and lay framework for Ambassador Program.

Begin 1st Quarter 2002

Visit one per week as part of the 7 listed below.

Wethersfield Businesses

(1,141)

Wethersfield Business Visitation

Ask about needs & expansion plans and lay framework for Ambassador Program.

Visit 7 per week in teams over 3- year period.

Businesses & Community Leaders

Economic Development Summit

Invite top taxpayers, manufacturers, real estate brokers and key business leaders. Discuss the Economic Development Strategic Plan and collaborate on how to make Wethersfield competitive in the global marketplace.

3rd Quarter 2002

Wethersfield Top Taxpayers

(25)

Invite the Top 25 Taxpayers to a presentation on the town budget and ask for input at Top Taxpayersí Breakfast.

Annually

Citizens

Keep the citizens informed about the community and issues on cable television with the development of the program, State of the Town. Town Manager and Mayor are viewed as monthly participants. Boards and Commissions as well as key department heads would participate as needed to address issues.

This vehicle is not to be used as a political forum.

Monthly

Create Team

  • Town Employee
  • Student
  • Volunteer

Citizens

 

Present the Economic Development Strategic Plan in a public forum televised on cable television.

Periodic

Citizens

Discuss economic development issues and present products on cable television. Incorporate Buy Locally and Shop Wethersfield. Could be done jointly with Wethersfield Chamber of Commerce and the Economic Development and Improvement Commission.

Monthly

Businesses & Citizens

Issue News Releases on announcements of new companies, expansions, success stories of local companies, awards, and Marketing Plan implementation.

Weekly

 

 

 

 

Community Network Marketing

A new marketing approach that would be effective in Wethersfield is the Community Network Marketing (CNM). It is a process whereby the resources of an areaís entire community are utilized in marketing. The established networks of local businesses, residents, organizations and associations become the channels used to reach decision-makers at companies throughout the world. This creates a direct and familiar connection with the prospective company from the start.

Marketing a community is, "not a single act but a process of decisions over time". If this local person is aware and a part of an on-going network marketing program, he can pursue the contact on the communityís behalf for years to come. The key is to let the local contact be an integral part of an organized process to market the community instead of being used to collect contact names. Tapping into a communityís networks that extend beyond the locality creates an exponential increase in the reach of a marketing program.

CNM utilizes the resources of the entire community in marketing the area to other businesses. Tapping into existing groups, programs or organizations allows for quicker implementation and less of a time and resource commitment from the economic development organization.

The starting point for building a CNM strategy should be through an existing business retention and expansion program. This provides an extant, on-going base in which to operate the strategy. Through an existing business program, an economic developer can inform and demonstrate to industrial leaders the benefits of being in a community. If the program is successful, the industry leaders should recommend the community to their peers.

Existing business retention and expansion programs are key to developing not only a CNM program, but also the economic prosperity of any community. Itís generally agreed that 65 to 80% of all new jobs come from existing business expansions. Therefore, regardless of its size, a community will want to focus on creating jobs from its existing base. Once the CNM foundation is laid, additional building blocks are needed to develop a successful program.

 

 

Community Network Marketing Pyramid

 

 





Source: Barry I. Matherly

External Marketing

External marketing is needed to generate new business and to create employment opportunities in the community. External marketing builds awareness and cultivates interest. Primary external audience include: prospects, suspects, business opinion leaders, networks (media and experts) and strategic allies.

Entity Targeted

Action

Timeframe

State Senator and Representatives

Meet with officials to update them on the Economic Development Strategic Plan implementation and to discuss issues of mutual concern.

Semi Annual or as necessary

Department of Economic & Community Development

Including Office of Tourism

Meet with officials to invite them to the table as a partner and to ask to help implement the Economic Development Strategic Plan.

Investigate how Wethersfieldís tourism efforts can tie in with the Stateís strategic marketing plan and tourism campaign.

Quarterly

Connecticut Economic Resource Center

Meet with officials and invite them to the table as a partner to help implement the Economic Development Strategic Plan.

Annual

Metro Hartford/Economic Growth Council

Meet with officials from the Growth Council to continue a working relationship and to review the Economic Development Strategic Plan implementation and coordination.

Monthly

Metropolitan District Commission

Establish a working relationship and utilize capabilities of the organization in generating Geographic Information Systems (GIS) for mapping and other information

Semi-Annual

Editors & Reporters of Newspapers

Meet to keep open lines of communication.

Quarterly

New Businesses

 

Welcome business and place welcome flag for a one-month period or as permitted per town regulations.

As businesses open.

 

Businesses

Attend Medical Design & Manufacturing Trade Show (1300 exhibitors) at the Jacob K. Javits Convention Center in New York City. Web address: www.mdmeast.com

June 4-6, 2002

Press releases and stories should be submitted on a weekly basis or according to the publication schedule to newspapers listed in the chart below. These articles should describe:

List of Publications

 

Local Newspapers

Other Publications

The Hartford Courant

Area Development

Wethersfield Life

Business Development Outlook

Wethersfield Post

Business Facilities

Other Newspapers

Connecticut Magazine

The New York Times

CT Business

USA Today

Connecticut Business Journal

Wall Street Journal

Expansion Management

 

Hartford Advocate

 

National Real Estate Investor

 

New England Real Estate Journal

 

Plants Sites & Parks

 

Site Selection

 

U.S. Sites & Development

The other publications listed in the chart above should receive press releases on special events and when a new business has expanded or relocated to Wethersfield.

Maintain contact with staff at all of the newspapers and publications. Consider them an ally.

The following are a list of collateral materials that should be part of the Strategic Marketing Plan implementation effort. Concentration has been placed on the internal marketing audiences yet these materials will help market to the external audiences.

Collateral Materials

Calendar of Events

General Brochure with themeline & logo

Economic Development Strategic Plan Summary/Brochure

Incentives Brochure

Momentos

Newsletter

Seed Packages

 

Be Proactive With Local Media

Wethersfield is a close-knit community and its officials should not assume that the media is aware of its economic development program. While quarterly is ideal, meet at least twice a year with representatives from the local newspapers, radio and television stations. Always return telephone calls immediately. Establishing a good working relationship the media is essential.

Web Site

The World Wide Web is increasing becoming more important as a tool in site selection. In Development Councellors Internationalís 1999 survey, this tool has more than doubled in importance as a marketing technique since 1996.

Web Site Development & Promotions to include:

Recommendation to:

General Purpose Brochure

After detailed information on the community is gathered, consider producing a general-purpose brochure with a long shelf life. Information that changes could be included on slip-sheets. The publication should include information on:

Produce a simple Business Incentives Brochure, which highlight the key areas of participation.

Economic Development Strategic Plan Brochure

Produce a simple brochure with a summary of the Economic Development Strategic Plan for widespread dissemination.

Data on Available Sites and Buildings

At the present time the Town Planner maintains the inventory of available sites and buildings in town. This data should be in an appropriate form and be readily available to fax or e-mail upon demand.

Site selection consultants, CEOs and CFOs want to know they can go to a single source for a complete, unbiased inventory of sites and buildings available in a community. All available sites and buildings should be listed with CERCís SiteFinder inventory. Any Town-owned site or property listed exclusively with a broker can be included for free. The Town can also list other properties at a cost of $500 for 5 sites; the Town can charge property owners a pro rata share of this expense.

Database

Wethersfield is lacking the database and support information companies or site search consultants expect to find when looking for a location. A priority effort must be to create and maintain the database; an essential tool for responding to contact generated by the marketing program. It is critical to have information readily available in todayís highly competitive environment for company relocations and expansions. The Town of Wethersfield must have a complete database of information and the ability to quickly produce customized reports for prospects.

At minimum, all of the information outlined above should be available in an electronic format that can be manipulated easily and e-mailed to prospects within a few hours, if not sooner.

A Standardized Database system has been developed through the collaboration of several major economic development organizations. The format has been set up which includes 25 tables in 44 pages of information. It is recommended that the Town of Wethersfield utilize this system. Since much of this data will be regional in nature, it is recommended that the Town of Wethersfield officials work with Metro Hartford/

Economic Growth Council to obtain this data at a cost savings. Another partner to seek out in this endeavor is the Connecticut Economic Resource Center.

Brokers and Agents

Develop a working relationship with area real estate brokers and agents. Supply them with information on available sites and buildings. Contact them on a regular basis to include their listings in your database. Confidentiality of potential business is essential and all involved must respect this. Many a deal has been lost to premature disclosure of the name. Invite real estate brokers to a tour of the town. It is recommended to host a program for them.

Advertising

Space advertising is expensive. A full-page advertisement in the publications listed under Site Selection & Other Publications section of the report range between $2,300 and $6,700. The benefits of this marketing technique is that the advertiser has the control and able to get out the desired message in a visual and graphic way which produces a maximum impact.

In Development Counsellors Internationalís 1999 survey of 427 United States and European business executives, advertising rated second-to last as a marketing technique, with only 20% of those surveyed citing it as the most effective.

The town does not have the resources at this time to engage in this technique. In the future should resources become available, a database must be put in place and collateral materials developed. A system must be put in place to respond in a timely manner from leads generated by advertising.

Produce Quarterly Newsletter

Produce a Quarterly Newsletter in conjunction with the Board of Education. Send publication to residents, business owners, state economic development officials, and other appropriate people. In addition to information on various departments and programs, it should contain a letter from the Mayor and from the Town Manager. The newsletter should contain articles about the Wethersfield Business Visitation Program, new developments, Economic Development Strategic Plan Implementation, Community Calendar and Calendar of Events. It should also contain any information the Economic Development and Improvement Commission needs to distribute to the business community.

One cost-effective way to distribute the newsletter is by saturation/carrier walk sequence by the U.S. Postal Office. A rate of 11.6 ¢ for 3.3 ounces which would be adequate for an 8 page newsletter (two 11 X 17 inch sheets). The newsletter would be distributed to businesses and households.

1,141 Businesses

11,454 Households

100 Other Officials

12,695 Total

Continue to Produce an Annual Report/Town Calendar

Continue to produce an Annual Report and Town Calendar with information on town services, contacts and meeting dates. The current and the last two publications have been reviewed, all excellent publications. A suggestion is to include staff fax numbers and e-mail addresses. Perhaps a photograph of the department heads and other municipal officials could be included which would serve to personalize the publication. Distribute it to businesses during the Wethersfield Business Visitation Program or seek out cost effective ways of distributing it.

It may be used a marketing tool and given to prospects thus this would utilize this publication in both internal and external marketing.

Direct Mail

A direct mail campaign is not recommended at this time until target industries have been further identified and researched. Chief Executive Officers and site selection consultants receive numerous solicitations and the competition is fierce. Mailing lists are available, yet it is costly to undertake a marketing campaign, which would produce results.

Trade Shows

Exhibiting at trade shows is not recommended at this time until further research is done on targeted companies and databases has been created. Attending specific trade shows is recommended. The Medical Design and Manufacturing Trade Show with 1300 exhibitors will be held at the Jacob K. Javits Convention Center in New York City on June 4-6, 2002. To maximize the value of attending a trade show, contact prospects/suspects that may be in attendance prior to the show, meet with them at the show, meet new contacts at the show, and followñup with all contacts after the show.

Not Recommended

We do not recommend videotapes, CD-ROMs, interactive discs or other multi-media materials for economic development marketing purposes at this time. Videotapes are obsolete and CD-ROMs and other approaches are too expensive and really do not get the desired impact.

 

MEDIA CONTACT INFORMATION

 

LOCAL NEWSPAPERS

The Hartford Courant New Britain Bureau

285 Broad Street 40 South Street

Hartford, CT 06115-2510 New Britain, CT 06051

Ph: 241-6200 Ph: (860) 832-5000

Fax: (860) 241-3865 Fax: (860) 832-5032

Web address: www.hartfordcourant.com

Wethersfield Life

White Publishing

106 South Street

West Hartford, CT 06110

Ph: (860) 953-0444

Fax: (860) 953-0455

www.whitepublishing.com

 

OTHER NEWSPAPERS

The New York Times

229 West 43rd Street

New York, NY 10036

Ph: (212) 556-7787

Fax: (212) 556-4188

Web address: www.nytimes.com

USA Today

1000 Wilson Boulevard, 22nd Floor

Arlington, VA 22229

Ph: 1 (800) 872-3433

Fax: (703) 558-3981

Web address: www.USATODAY.com

Wall Street Journal

200 Liberty Street

New York, NY 10281

Ph: 800-568-7625

Fax: (413) 598-2183

Web address: www.wsj.com

 

 

 

 

 

 

SITE SELECTION & OTHER PUBLICATIONS

Area Development

400 Post Ave.

Westbury, NY 11590-2267

Ph: (516) 338-0900

Fax: (516) 338-0100

Web address: www.area-development.com

Business Development Outlook

1425 Greenway Drive, Suite 280

Irving, TX 75038

Ph: 800-632-WEDA

Fax: (214-596-1967

Web address: www.wedanet.com

Business Facilities

121 Monmouth St.

Red Bank, NJ 07701-1110

Ph: (732) 842-7433

Fax: (732) 758-6634

Web address: www.busfac.com

Connecticut Magazine

35 Nutmeg Drive

Trumbull, CT 06611

Ph: (203-380-6600

Fax: (203) 380-6610

Web address: www.connecticutmag.com

CT Business

615 Main Street

Cromwell, CT 06416

Ph: (860) 635-1819

Fax: (860) 632-7203

Web address: www.ctbizmag.com

Expansion Management

9500 Nall Avenue, Suite 400

Overland Park, KS 66207-2967

Ph: (913) 381-4800

Fax: (913) 381-8858

Web address: www.expandman.com

Hartford Advocate

100 Constitution Plaza

Hartford, CT 06103-1704

Ph: (860) 548-9300

Fax: (860) 548-9335

Hartford Business Journal

56 Arbor Street

Hartford, CT 06106-1201

Ph: (860) 236-9998

Fax: (860) 632-7203

National Real Estate Investor

6151 Powers Ferry Road, N.W.

Atlanta, GA 30339

Ph: (770) 955-2500

Fax: (770) 618-0348

Web address: www.NREIonline.com

New England Real Estate Journal

P.O. Box 55

Accord, MA 02018

Ph: (781) 878-4540

Fax: (781) 871-1853

Web address: www.rejournal.com

Plants, Sites & Parks

49 Music Square West

Nashville, TN 37203-3213

Ph: (615) 321-1500

Fax: (615) 321-1525

Web address: www.bizsites.com

Site Selection

35 Technology Parkway, #150

Norcross, GA 30092-2928

Ph: (770) 446-6996

Fax: (770) 263-8825

Web address: www.conway.com

U.S. Sites & Development

One Chase Corp. Dr., #300

Birmingham, AL 35244-1000

Ph: (205) 988-9708

Fax: (205) 987-3237

The Wethersfield Post

Imprint Newspapers

99 Main Street

Bristol, CT 06110-6528

Ph: (860) 236-3571

Fax: (860) 233-2080

OTHER CONTACTS

Television

Wethersfield Community Television, Inc.

105 Marsh Street

Wethersfield, CT 06109

Channel 14

Ph: (860) 721-TV14

Fax: (860) 257-1068

Web address: www.wethtv.com

E-mail: wctv14@snet.net

WSFB-TV (Channel 3 CBS)

3 Constitution Plaza

Hartford, CT 06103-1821

Ph: (860) 728-3333

Fax: (860) 247-8940

WTIC-TV

1 Corporate Center

Hartford, CT 06102-3290

Ph: (860) 527-6161

Fax: (860) 727-0158

Connecticut Public Television & Radio

240 New Britain Ave.

Hartford, CT 06106

Ph: (860) 278-5310

Fax: (860) 278-2157

WTNH-TV (Channel 8 ABC)

8 Elm Street

New Haven, CT 06510

Ph: (203) 784-8888

WRDM-TV (Channel 13 Ind.)

886 Maple Avenue

Hartford, CT 06114

Ph: (860) 956-1303

WTIC-TV (Channel 61 Fox)

One Corporate Center

Hartford, CT 06103

Ph: (860) 527-6161

Fax: (860) 727-0158

WVIT-TV (Channel 30 NBC)

1422 New Britain Avenue

West Hartford, CT 06110-1632

Ph: (860) 521-3030)

Fax: (860) 521-3110

WTXX-TV (Channel 20 WB)

One Corporate Center

Hartford, CT 06103

Ph: (860) 527-6161

 

 

 

 

 

 

 

Radio Stations

ESPN Radio Network

Ph: (860) 585-2000

Fax: (860) 589-5523

W.C.C.C. AM

Ph: (860) 525-1069

Fax: (860) 246-9084

W.C.C.C. FM

Ph: (860) 525-1069

Fax: (860) 246-9084

W.D.R.C.-AM

Ph: (860) 243-1115

Fax: (860) 286-8257

W.E.R.B.-FB

Ph: (860) 828-0606

Fax: (860)

W.J.M.J.

Ph: (860) 242-8880

W.K.N.D.

Ph: (860) 688-6221

Fax: (860) 688-0711

W.K.S.S.-FM

Ph: (860) 723-6160

Fax: (860) 723-6198

W.L.A.T. AM

Ph: (860) 524-0001

Fax: (860) 548-1922

W.M.M.W. AM

Ph: (860) 243-1115

Fax: (860) 286-8257

W.M.R.Q.-FM

Ph: (860) 723-6040

Fax: (860) 723-6079

W.N.E.Z.-FM

Ph: (860) 524-0001

Fax: (860) 548-1922

W.N.P.R. -FM

Ph: (860) 278-5310

Fax: (860) 244-9624

W.P.K.T. -FM

Ph: (860) 278-5310

Fax: (860) 244-9624

W.P.O.P. -AM

Ph: (860) 723-6160

Fax: (860) 723-6195

W.P.R.X.- AM

Ph: (860) 826-4996

Fax: (860) 826-4999

W.R.CH.- FM

Ph: (860) 677-6700

Fax: (860) 678-7053

W.R.L.I. -FM

Ph: (860) 278-5310

Fax: (860) 244-9624

W.P.R.X.-AM

Ph: (860) 826-4996

Fax: (860) 826-4999

W.R.Y.M.-AM

Ph: (860) 666-5646

Fax: (860) 666-5647

W.T.I.C. -AM

Ph: (860) 677-6700

Fax: (860) 284-9842

W.T.I.C. -FM

Ph: (860) 677-6700

Fax: (860) 677-8264

W.X.T.V.

Ph: (860) 657-8058

Fax: (860)

W.Z.B.G.

Ph: (860) 567-3697

Fax: (860) 567-3292

W.W.UH-FM

Ph: (860) 768-4703

Fax: (860) 768-5701

W.W.Y.Z.-FM

Ph: (860) 723-6300

Fax: (860) 723-6159

W.Z.M.X.-FM

Ph: (860) 677-6700

Fax: (860) 674-8427

 

 

 

 

 

 

 

SUGGESTED TARGET MARKETS

 

Suggested Target Markets

Agriculture

Businesses located in Multi-tenant Buildings

Existing Businesses

Health and Medical Services

Home-based Businesses

Information Services

Insurance

Manufacturers

Professional Business Services

Specialty Retailing

Travel and Tourism

Suggested Target Markets to Research

Target Market

Industry Definition

Agricultural Production

This major group includes establishments (e.g., farms, orchards, greenhouses, nurseries) primarily engaged in the production of crops, plant, vines, and trees (excluding forestry operations).

Health and Medical Services

The health care industry consists of public, private, and nonprofit institutions. Institutions include hospitals, offices and clinics of medical doctors, nursing homes, and home health care facilities; other specialized heath care facilities; and managed care organizations consisting of prepaid plans such as health maintenance organizations (HMOs), preferred provider organizations (PPOs), and independent practice associations (IPAs).

Information Services

Information services are defined primarily as professional computer services, data processing and network services, and electronic information services.

Insurance

Insurance provides financial protection for individuals, commercial businesses, and others against illness, death, loss of property, or losses by a third party for which the insured is liable. Insurance companies are classified under life insurance, accident, and health, and property/casualty.

Professional Business Services

The professional business services industry includes accounting, auditing, and bookkeeping services, advertising services; legal services; and management consulting and public relations services

Retailing (Specialty)

Retailers generally sell merchandise primarily for personal or household consumption. In some instances, retailers may further process goods before sales, but such processing is relatively minor.

Travel and Tourism

Tourism includes the activities of persons

traveling to and staying in places outside their usual environment for not more than one continuous year for leisure, business, or other purposes

Definition established in U.S. Industry & Trade Outlook 2000, North American

Industry Classification System, 1997 and Standard Industrial Classification

Manual, 1987.

 

 

 

TOURISM

 

At the outset in the process of creating the Economic Development Strategic Plan

the Economic Development Steering Committee recommended that future consideration of tourism issues be the purview of the new Tourism Commission which has been charged with developing a Tourism Plan. Nonetheless, tourism is a component of economic development and the Number One Goal in the Economic Development Strategic Plan is to create more diversity in Wethersfieldís economic base, including the objective of supporting the establishment of the Wethersfield Tourism Commission and its operations.

Travel and tourism will enhance economic development of Wethersfieldís existing businesses through increased exposure to visitors. It will introduce Wethersfield to people who may move to the community and/or bring new businesses thus increasing the tax base. It will help market the town as a tourism attraction. According to the Connecticut Department of Economic and Community Development, Travel Industry Association travel and tourism:

Travel and Tourism Highlights

The State of Connecticut has developed a 2001 Connecticut Tourism Campaign designed to attract tourists from neighboring states in the Northeast as well as friends and family visitors of in-state residents. The theme is "Connecticut Weíre Full of Surprises" and the primary target markets are the Greater New York metropolitan area including Long Island and northern New Jersey. The secondary markets are Connecticut and the Northeast. The test market is Philadelphia.

Connecticutís heritage institutions are a critical component of the stateís $5.7 billion tourism industry. The desire for "heritage experiences" is the second highest motivator for the more than 15 million tourists visiting the state each year. Wethersfield possesses many of the characteristics for the heritage tourism experience and will need to capitalize on this opportunity.

It is recommended that the Tourism Commission be tasked with identifying means to attract more people to existing tourist locations and events and identifying new events that can be created.

Operations of the Tourism Commission should include:

 

 

 

 

 

 

 

MEASUREMENT AND REPORTING SYSTEM

 

 

 

A tracking system for measurement is recommended. Since investing in economic development represents a return on investment, results are expected. Realistic goals should be established and progress should be benchmarked on an annual basis.

Measurement

This Month

Year-to-Date

Annual Goal

Web Site Inquiry Responses

 

 

 

Other Inquiries Made

 

 

 

Follow-up Calls Made

 

 

 

Number of New Companies

 

 

 

Number of Companies Lost

 

 

 

New Jobs Created

 

 

 

Jobs Retained

 

 

 

Capital Investment

 

 

 

Annual Increase in Grand List

 

 

 

New Tax Revenues Generated

 

 

 

Reporting is critical in this process and must be done on a regular basis. Additional

information is found in the implementation section.

 

WETHERSFIELD MARKETING BUDGET GUIDELINES

Internal Marketing

Annual Report/Calendar In place Quarterly Newsletter (4 issues at $4,200) $16,800 Welcome Flags 250

Brokersí Program 500

Economic Development Summit 750 Taxpayersí Breakfast 500

Merchantsí Associations 5,000*

Seed Packet Campaign 4,000

Target Marketing Campaign 15,000

External Marketing

CERC Listings 1,000

Databases 2,000- 3,000

General Purpose/Incentive Brochures 10,000-15,000

Momentos 2,500

Trade Show 1,000

Staffing

Marketing Assistance $35,000-$45,000

Planning Assistance 16,000

TOTAL $110,300-$128,300

The allocation would be as follows:

Town Managerís Budget (1/2 cost of newsletter) 8,400

Board of Education (1/2 cost of newsletter) 8,400

Planning Staff Budget 16,000

Economic Development and Improvement Budget $77,500-$95,500 for Marketing

Notes

* Estimated cost of Merchant Association Outsourcing Agency is $30,000 for both the

Silas Dean Highway and the Berlin Turnpike. Town participation is recommended at

$5,000 for first two years.

 

It is recommended that an annual work program and an annual budget be prepared for economic development staffing and operations.

 

 

 

 

 

 

 

"Effective marketing is proactive, not reactive; itís creative, not argumentative; itís not a matter of arm-twisting, but of building trusting relationships."

Eric Canada

Blane, Canada, LTD.

 

 

 

 

 

 

 

ECONOMIC DEVELOPMENT STRATEGIC MARKETING PLAN IMPLEMENTATION

 

 

The implementation process will require both cooperative and collaborative efforts among a large number of people, organizations, and institutions. As public and private sectors continue to work together for mutual benefit, improved working relationships will develop leading to further cooperation. The ideas and recommendations from the economic development strategic marketing plan process will help educate the community in a common vision of the future.

Recommended Implementation Steps

A number of steps will be needed to ensure implementation.

 

 

 

 

 

 

 

 

 

COORDINATION OF ORGANIZATIONS

 

 

EVALUATION AND MONITORING

 

 

 

Evaluation

Evaluation provides a systematic basis for assessing where the organization is in relation to where it wants to be and provides periodic monitoring so that adjustments can be made where necessary.

The evaluation of the economic development effort has three dimensions:

  1. To monitor progress;
  2. To assess performance; and
  3. To determine the level of impact.

Monitor Progress

The purpose of monitoring is to determine whether specific actions and activities were achieved. Each project should be monitored according to time and expenditures.

Assess Performance

Periodic evaluation of those individuals and organizations carrying out the work program is necessary.

Level of Impact

The ability to measure the impact of an economic development program is dependent upon the ability to measure change in the community and to relate that change to specific actions that have been undertaken. This change can be measured in the number of new companies attracted, new business formations, the increase or decrease of jobs, the increase in real income levels, or the unemployment rate.

This change should be more than just quantitative. Qualitative change should be measured as well. This could be done through surveys, documented case studies, and specific examples of success.

Gathering this type of information involves a cost in time and staff, but this type of information is necessary during the course of evaluation.

 

APPENDIX

 

"Prospects for the New Millennium: Winning Strategies in the Economic Development Marketing Game"

Surveys of U.S. Senior Company Executives

Effectiveness of Marketing Strategies *

1996 and 1999

Strategy

1999

1996

Sales Visits

46% (1)

53% (1)

Trade Show Exhibits

45% (2)

39% (2)

Hosting Special Events

42% (3)

39% (2)

Public Relations

38% (4)

39% (2)

Internet

37% (5)

18% (7)

Direct Mail

25% (6)

25% (5)

Advertising

19% (7)

19% (6)

Telemarketing

6% (8)

7% (8)

*Note: Percent based on respondents rating very effective. Rankings are shown in

parenthesis.

Rating of Effectiveness of Marketing by U.S. and European Executives*

Strategy

Aggregate

U.S.

Europe

Sales Visits

49% (1)

46% (1)

59% (1)

Hosting Special Events

43% (2)

42% (3)

45% (2)

Trade Show Exhibits

43% (2)

45% (2)

35% (4)

Public Relations

39% (4)

38% (4)

42% (3)

Internet

35% (5)

37% (5)

30% (6)

Direct Mail

27% (6)

25% (6)

32% (5)

Advertising

20% (7)

19% (7)

22% (7)

Telemarketing

6% (8)

6% (8)

4% (8)

*Note: Percent based on respondents rating very effective. Rankings are shown in

parenthesis.

Source: Development Counsellors International, 1999.

 

AREA DEVELOPMENT MAGAZINE

"2000 Annual Corporate Survey"

(Combined Ratings* of 2000 Factors)

 

2000

1999

1998

1997

Site Selection Factors

 

 

 

 

 

Rating

Rank

Rating

Rank

Rating

Rank

Rating

Rank

Highway Accessibility

95.9

1

94.6

2

91.5

1

90.7

2

Labor costs

91.6

2

93.8

3

84.8

4

92.7

1

Availability of skilled labor

87.7

3

95.8

1

88.0

2

84.4

4

Corporate Tax Rate

84.4

4

-

-

-

-

-

-

State and local incentives

83.6

5

90.3

4

80.9

7

77.8

10

Occupancy or construction costs

83.0

6

87.5

5

85.7

3

85.5

3

Tax exemptions

81.6

7

85.9

6

77.9

10

76.0

13

Environmental regulations

80.9

8

79.0

12

78.6

9

77.6

11

Low union profile

79.7

9

79.5

11

75.0

13

77.4

12

Energy availability and costs

77.7

10

85.2

7

78.9

8

80.5

8

Availability of telecommunications services

77.1

11

85.1

8

82.0

5

83.5

5

Nearness to major markets

76.8

12

75.6

14

76.9

11

78.7

9

Cost of land

75.8

13

80.9

10

75.7

12

80.6

7

Availability of land

75.5

14

85.0

9

81.1

6

82.0

6

Right-to-work-state

72.9

15

67.7

15

65.0

15

66.5

16

Availability of unskilled labor

65.5

16

77.3

13

55.8

18

58.3

17

Nearness to suppliers

63.8

17

59.3

18

65.3

14

67.4

14

Availability of long-term financing

58.4

18

64.2

16

60.0

16

67.2

15

Availability of broadband telecom services

58.1

19

-

-

-

-

-

-

Worker/technical training programs

57.2

20

63.7

17

54.4

19

54.0

20

Raw materials availability

56.1

21

58.7

19

53.4

20

54.1

19

Accessibility to major airport

53.2

22

57.2

20

59.6

17

56.8

18

Nearness to technical university

31.9

23

31.1

21

32.7

21

37.2

21

Railroad service

29.8

23

31.0

22

26.1

22

28.7

22

Waterway or ocean port accessibility

21.0

25

13.2

23

16.8

23

21.2

23

 

 

 

 

 

 

 

 

 

Quality of Life Factors

 

 

 

 

 

 

 

 

Low crime rate

74.0

1

79.9

1

81.3

1

79.4

1

Health facilities

70.2

2

70.4

3

69.0

2

69.1

3

Housing costs

69.1

3

69.1

5

67.6

4

67.6

4

Housing availability

64.2

4

70.1

4

66.1

5

65.4

5

Ratings of public schools

63.9

5

72.4

2

68.6

3

69.7

2

Recreational opportunities

53.2

6

59.7

6

54.5

7

51.5

8

Climate

47.9

7

58.8

7

56.4

6

55.3

6

Colleges and universities in area

45.9

8

52.4

9

54.3

8

54.4

7

Cultural opportunities

40.7

9

52.5

8

49.2