The IWIRC London Conference in collaboration with Reorg would not be possible without our wonderful sponsors. Many thanks to our Platinum Sponsor Kirkland & Ellis
🔸 SPONSOR SPOTLIGHT!🔸
Thank you so much to our friends at MGroup™ for being a Premier Sponsor at the 2024 BUILT National Multi-Housing Summit in Charlotte, NC!
Let's put some numbers to this argument I've seen made recently by Keith Patridge, Joaquin S., Rio Grande Valley Partnership, and others about RGV cities co-investing in regional economic development.
According to the latest reports available (2022) from the Texas Comptroller, there are at least nine sales-tax funded economic development corporations in the RGV: Brownsville, Edinburg, Harlingen, McAllen, Mission, Pharr, Rio Grande City, San Juan, and Weslaco.
Based on their self-reported 2022 data, combining the resources of just those nine entities would yield approximately:
$73 million in sales tax revenue
$137 million in total revenue (includes bonds, grants, etc.)
$57 million in total expenses for economic development activities
$96 million in cash on hand (reported as fund balance)
For perspective, the most well-funded EDC in Texas in 2022 was Frisco, with $68 million in sales tax revenue and $105 million in total revenue.
Imagine what an annual budget of $50M or more could accomplish working on behalf of the entire region.
#OneRegionOneVoice, indeed.
BTW you can find the report data on the Texas Comptroller's website here: https://lnkd.in/gpGP4Y_T
(Product Leader looking for my next challenge | 2019 OC Laureate | Brand + Culture enthusiast | Startup Strategy | Grew brands w/ little to no 💰 | Prev: Google Maps, Gen110, vitaminwater, Paciolan)
The impact of incremental revenue cannot be understated in the event space.
Usage of inventory features like Seat level pricing (SLP) and platinum have been integral to this incremental revenue strategy. Especially in non-traditional events like international tournaments, celebrity matches, concerts, etc.
Newer features like SLP and platinum are an entirely new way to price inventory than they’re used to. It took some convincing internally with client partners and clients to initially adopt. Clients trusted their client partners and our product team to deliver.
The results speak for themselves 👏🏼
Congrats to our partners at Texas A&M for their incredible success in generating incremental revenue with nontraditional events. We are proud to be a part of it! https://bit.ly/4csAJXm
Do you have a no D!£%head policy?
Turns out it’s good for business.
Yesterday I had the privilege of listening to the Chair of the Welsh Rugby Union Richard Collier-Keywood talk eloquently about the important Welsh cultural asset he is now responsible for and the need for it to serve all stakeholders i.e. benefit society beyond the bottom line.
In business it’s known as CSR (Corporate Social Responsibility) which emerged as a concept in the 1960s.
Back then it was seen as an altruistic means of doing more with a business than just making money, but it was assumed it would involve sacrificing profit to achieve it.
The growing evidence shows this is not the case.
Being environmentally responsible, inclusive and serving of all stakeholders (customers, employees, investors, the environment and wider society) builds a strong brand, customer engagement, profit and also investment opportunities.
The All Blacks have an NDH (No D!£%head) policy.
They clean their own dressing rooms, carry their own bags and essentially show humility, accountability and a recognition of all the stakeholders in their organisation.
For me, corporate social responsibility boils down to common sense, respect and humility.
It’s good to see those leading our national game going forward aspire to the same ethos.
And at a time of such high attrition in business in general, would it not be best to have a smart business model that ensures that everyone in the eco system is incentivised to see the venture succeed?
This video explains the NAR settlement so well with Ed Zorn (VP & General Counsel at California Regional MLS (CRMLS))
It should be helpful no matter where you are located. It seems CA is really ahead of the game in informing its agents. #edzorn#johnreilly#saulklein#thedataadvocate
Nice article Jared and Lexi! We all have the next generation leader in our organization. This conference will be your opportunity to step into a journey of education, networking, advocacy, and leadership. A message to our leaders “See One Be One”.
New Incentives Alert
Hey District 81 Family and Friends,
Let's go the extra mile! Have you and your club met the Beat the Clock campaign or are you on your way? Sweeten the deal by adding two more members to get big winnings!
This is part of the super hot incentives and rewards. You have to be in it to win it!
Designed by:DivD Miloushka and DD Melinda Lloyd
Posted by #ActionAli
Incentive sponsored by:
DD Special Committee
#2024TheYearOfMore#District81#29CountriesStrong#CaribbeanToastmasters#EmpoweringHeartCells&Mindsets #Rewards#Awards#WEgotthis See less
Supporting Small Business Growth with Branding, Marketing & Connecting
1moWhat an amazing team they have!!