Impact of product development

Abstract

After the LocateSC fund was created, Commerce worked to establish competitive initiatives that the fund would be used to support. Requirements were developed and programs were established that provided counties and regional alliances opportunities to request funding support for local projects. To date, the fund has invested in nearly every county in the state and projects include a range of activities, such as: due diligence studies, acquisition, spec building construction, utility extension and property up fit. The interest and activity related to the fund points to the value it adds and the opportunities it provides. However, currently there exists no metric to illustrate the actual impact made. The goal of this project is to define successful product development and determine the appropriate performance measures, as well as, the process to capture the data, in order to illustrate the LocateSC fund’s ability to aid in it.