DT #663 Data-Driven Economic Development in a Changing World

What does it take to build resilient communities in an era of rapid economic change? In this episode of Develop This!, Dennis Fraise speaks with Ryan Silva, Executive Director of the New York State Economic Development Council, about the policies, partnerships, and strategies shaping economic growth across New York. Ryan shares insights on how data-driven decision-making is helping communities plan for the future, attract investment, and navigate increasingly complex economic challenges. From workforce development to infrastructure planning, the conversation highlights the importance of grounding strategy in reliable research and long-term thinking. A major focus is the impact of the CHIPS and semiconductor investments transforming regions across the country. Ryan discusses how large-scale projects create opportunities for growth while also requiring communities to think carefully about readiness, workforce capacity, and supporting infrastructure. The discussion also explores the balance between pursuing major economic wins and ensuring smaller communities have the tools and resources needed to thrive. Throughout the episode, Ryan emphasizes the importance of adaptability, collaboration, and continuous professional development in a rapidly evolving field. A key takeaway? Successful economic development is built on preparation, partnerships, and a willingness to embrace both opportunity and change. Key Takeaways Data and research are essential for effective economic development strategy Semiconductor investments are reshaping regional economies Community readiness is critical for attracting large-scale projects Workforce development and infrastructure remain top priorities Small communities can thrive through resilience and strategic planning Collaboration and adaptability drive long-term success Key Topics Covered Economic development policy and initiatives Data-driven planning and decision-making Impact of the CHIPS Act and semiconductor investments Workforce and infrastructure development Community readiness and regional growth Professional development in economic development Sound Bites "Finding a way to get to yes." "Building the plane while flying it." "Hope in small community resilience."