In this episode of the Econ Dev Show, Dane Carlson interviews Greg Canfield, who currently serves as the Managing Director of Economic Development at Burr and Foreman. Greg previously served 12 years as Secretary of Commerce for the state of Alabama. Their conversation covers Greg's career journey, and his take on the complexities of economic development.
Greg shares how he transitioned from local politics, serving as the president of a city council, to becoming the head of Alabama’s Department of Commerce. He highlights the importance of building strong relationships, understanding the needs of businesses, and fostering an environment conducive to economic growth. Greg emphasizes the significance of adapting to changing circumstances, especially in the context of the global pandemic, which has forced many economic developers to rethink their strategies and approaches.
The discussion also touches on the challenges Greg faced during his tenure, such as the global economic downturn, and how quick decision-making and consultation with influential figures helped him navigate these obstacles. Additionally, Greg provides insights into the future of economic development, stressing the need for resilience, digital infrastructure, and workforce development.
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