HOTEDD Board of Directors, April 2011

HOTEDD Board of Directors, April 2011

What is the Heart of Texas Economic Development District?

HOTEDD delivers information, collaboration, coordination, and training among economic developers, communities, businesses, and individuals in our service area: Bosque, Falls, Freestone, Hill, Limestone, and McLennan Counties. The Honorable Justin Lewis chairs our Board; our President is Russell Devorsky.







Thursday, August 11, 2011

Regional Branding: Advice from Ed Burghard

Yesterday we quoted Ed Burghard, of The Burghard Group, regarding the difference between marketing and branding.

Here is an additional piece: his advice to communities. The following is quoted from his site, with the link to the full article below.

When you are asked to brand (or re-brand) your location, take the time to clarify what the real expectation is. Often, the community leadership is simply asking for either a new advertising campaign or a marketing plan. Get aligned on what is really required and what resources are available.

When talking with an Advertising Agency who is promising to create a new brand for your location, clarify what they will actually deliver. Typically it will not be a strategic plan that includes guidance on your community’s core promise and recommendations on asset creation, infrastructure investment and public policy reform. If it turns out the Agency is simply promising a new logo and tagline, walk away. It is a signal that they know very little about branding and you are about to waste your money.

Another challenge that seems to come up in discussions I have with economic development professionals is that no amount of branding will make your location more competitive for capital investment if it lacks required assets.

The fundamental wording of the challenge is convoluted.

No amount of advertising will make a bad product (or location) good. That is absolutely correct. As one community leader once said to me “You can’t put lipstick on a pig and hope to win a beauty contest”. And, he was absolutely right.

If your location is inherently non-competitive, job #1 is to invest in getting it competitive. My advice would be to not invest in advertising or marketing until you have a plausible chance for success.

I would argue this is when branding is mandatory. You need a blueprint on how to make your location competitive. You need alignment on what the core differentiating promise is and the identity you want to create. Then you need to make informed choices on creating the right assets, investing in the right infrastructure and enacting the right public policy reforms to make your location promise authentic.

The problem most locations have is that branding takes time, money and emotional commitment. Branding is about building prosperity that will stand the test of time. Branding requires genuine statesmanship and stewardship. Both of which are often in short supply.



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