what do edos spend on technology?
TRANSCRIPT
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What Do EDOs Spend on
Technology?
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The use of technology and digital tools in the economic industry is growing…
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…but are EDOs putting more of their budget aside to compensate for these changes and upgrades?
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What percentage of their budget do you think most EDOs spend on technology and digital tools?
Less than 5%?...
…More than 5%?
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SURVEY SAYS…According to a recent Community Systems survey, we found:
• 12% of EDOs spend more than 10% of their budget on technology
• Only 8% of EDOs spend 1% or less
• The majority of EDOs (39%) spend 2%-7% of their operating budgets on technology
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SURVEY SAYS…
0-1% 2%-4% 5%-7% 8%-10% 10+% Don't Know
8%
21%18%
15%12%
0.25
What Do EDOs Spend on Technology?Reported Unreported/Unsure
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Where does your organization fall?
Be learning the benefits of new technologies and digital tools, will EDOs allocate more of their budgets in the future?
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LEARN MORE• Learn more about these results in our white paper,
Creating a Digital Road Map for the Economic Development Industry
• Making the Transition: 5 Technologies That are Shifting Economic Development to Digital
• The Big Data Mistake Every EDO Makes: Part I