SEDC Board Orientation Topics and Responsibilities

1. 2018 Board Orientation

2. Topics to be Discussed 1.SEDC Overview • Mission and Vision • Committee Structure 2. Board Duties/Responsibilities • 2018 Meetings Calendar • Tips on Using www.sedc.org 3. Member Benefits and Common Practices www.sedc.org

3. Vision Statement -SEDC will be THE innovative, effective professional economic development association. Mission Statement - SEDC will provide useful and dynamic leadership to economic development practitioners throughout the American South. www.sedc.org

4. SEDC logo and tag line CONNECT - The South unquestionably has the best economic development programs in the country and as a result the best professionals. So, join SEDC and CONNECT with the best. www.sedc.org

5. DEVELOP - SEDC has a long history of providing dynamic education programs, member updates, education sessions and a robust content library. Our education programs are not only quality but they are affordable. Compare the cost of our events to similar organizations and you will see you definitely get MORE for your money. So, join SEDC today and DEVELOP your skills for your professional advancement. www.sedc.org

6. GROW - When your professional career is growing, chances are the number of landed projects in your community is growing. Providing members the opportunity to grow their careers is the third of three focal benefits of the Southern Economic Development Council. Being in the middle of this traditionally fast-growing region of the United States offers members a unique opportunity to advance your career. So, join SEDC today and GROW your career and as a result your community will GROW! www.sedc.org

7. 2018 Committees MEMBERSHIP DIVISION - Chairman- TBD Recruitment and Retention Committee Chairman- TBD State Association Committee Chairman- TBD Young Professionals Committee Co- Chairmen- Jacob Weir, Tyler Chaffee www.sedc.org

8. 2018 Committees, cont. PROFESSIONAL DEVELOPMENT DIVISION- Chair, TBD Education Committee Chairman- TBD Annual Conference Committee Chairman – Sam Powers Meet the Consultants Chairman - Sam Powers www.sedc.org

9. 2018 Committees, cont. COMMUNICATIONS AND NETWORKING DIVISION- Chair, TBD Communications Committee Chairman- TBD Legislative Affairs Committee Chairman- TBD www.sedc.org

10. 2018 Committees, cont. FINANCE & ADMINISTRATION DIVISION Chairman - TBD Past Chairmen Chairman - Bob Leak, Jr. Long Range Planning/Finance Committee Chairman - TBD www.sedc.org

11. Board Responsibilities (General) Seven Responsibilities of a Board Member 1. Attendance. To attend board meetings and participate in some committee work. 2. Mission. To define the mission and participate periodically in strategic planning to review purposes, programs, priorities, funding needs, and targets of achievement. 3. Chief Executive. To approve the selection, compensation, and if necessary, dismal of the chief executive and assure regular evaluation of the executive’s performance. 4. Finances. To assure financial responsibility by: Approving the annual budget and overseeing adherence to it Ensure that financial practices are in place eliminate fraud Controlling the investment policies and management of capital or reserve funds www.sedc.org

12. Board Responsibilities, cont. 5. Program oversight and support. To oversee and evaluate all programs, support the staff, and be an advocate in the community. 6. Fundraising. To contribute personally and annually and participate in identification, cultivation, and solicitation of prospective supporters. 7. Board effectiveness. To assure the board fulfills the foregoing governance responsibilities and maintains effective organization, procedures, and recruitment. Source: “Welcome to the Board - Your guide to Effective Participation, by Fisher Howe www.sedc.org

13. Board Responsibilities (Specific) SEDC State Director Major Responsibilities This is a two year elected position. • Represents his/her respective state at all regular and called meetings of the Board of Directors. • Is responsible for the respective state's membership. • Acts as State Membership Chair • Is the voting member of the state delegation. • Coordinates with SEDC membership committee in the solicitation of new members and in the retention of existing members. • Arranges for the state caucus at the annual conference, and arranges for the election of a new Director and Alternate Director at end of his/her terms. www.sedc.org

14. Board Responsibilities (Specific) Attendance requirement at board meetings Article IV, Section 4 of our bylaws state that any director and/or alternate director may be removed from office, at the discretion of the Executive Committee, if he/she does not attend 50 percent of meetings in a calendar year. Any director or alternate director that is removed from office for lack of attendance must wait two years to be considered for any future elected office.

15. Board Responsibilities (Specific) 5. Corresponds with the respective state's SEDC members to inform them of Council activities and to obtain suggestions and ideas for use by SEDC Board of Directors. 6. Assists staff in tracing delinquent members and transfers. Coordinates efforts between SEDC and respective state association. 8. Endorses a conference site bid from a site in his/her own state. 9. Encourages State Association Executive to attend SEDC meetings. www.sedc.org

16. Board Responsibilities (Specific) SEDC Alternate Director - Major Responsibilities This is a one year position. The alternate Director can run for two consecutive one year terms. 1. Is elected by the state caucus members at each annual conference. 2. Serves in the absence of the State Director.  Attends all meetings but votes only when substituting for an elected Director. 3. Assists State Director in recruiting new members. 4. Prepares quarterly reports of new and expanded jobs for Board and SEDC NEWS. • Supports and supplements all efforts of the State Director. www.sedc.org

17. 2018 Meetings • Meet the Consultants: Dallas, TBD • Annual Conference: Mobile, AL, July 29-31, 2018 • YP Meet the Consultants: Atlanta or Dallas, TBD • Capital Connections:TBD • Fall Planning Session / Board Meeting: TBD www.sedc.org

18. Tips on Using www.sedc.org • General • Board of Directors Page • SEDC U / How To’s • Event Registration • Your Profile • Renew Your Membership • New Memberships www.sedc.org

19. Major Membership Benefits ‘Talking Points” for member recruitment and retention • Rich History - SEDC is one of the oldest economic development associations in the country tracing our roots back to 1946 (for 66 years) when a group of interested professionals first met in Memphis, Tennessee to discuss mutual interests and issues related to industrial development. • The Education Committee of SEDC launched its Economic Development Institute (EDI) in 1962 at the University of Oklahoma in Norman. The Institute, now operated by the University of Oklahoma, has educated professionals across the country and is considered an essential training program for economic development professionals. www.sedc.org

20. Major Membership Benefits, cont. • Access to the country’s best knowledge base - The South started economic development out of necessity years ago. As a result, our communities have built the best programs and in turn have hired the best in the business. Recent surveys with site location consultants show that Southern communities are the ones doing the best job in landing new business locations through their professionalism and responsiveness. Why not learn from the BEST in the business and network with us. www.sedc.org

21. Major Membership Benefits, cont. • Networking - SEDC member satisfaction surveys consistently show networking as one of the most popular benefits of membership. As the home to the best and brightest economic development professionals in the country, the SEDC region is the place to learn from the best. With two face-to-face meetings a year and a constant connection through www.sedc.org you have these professionals at your fingertips. Many people have told us over the years they have made contacts through SEDC that not only have become great friends but they also have served as a resource in a community across the South to help with local problems. Regardless of what problem you are having someone in our region has probably “been there” too. www.sedc.org

22. Major Membership Benefits, cont. • Affordable Meetings and Events - When asked on exit surveys of meeting and events, attendees rank SEDC’s very high as delivering quality programs at a reasonable cost. When compared to other associations, SEDC provides equal educational programs, food and beverage and entertainment activities for less. Members say SEDC programs are a great value. • SEDC U - An online education portal featuring content designed to better educate members on trends and topics to increase job performance. www.sedc.org

23. Major Membership Benefits, cont. • SEDC Educational Foundation Scholarships - Established in 1998, the SEDC Educational Foundation has as its purpose to support the professional development of economic development professionals in the American south through educational activities, conducting of research, and offering educational scholarships. Annual scholarships are given to members based on need and commitment to the profession. • Online Resources - Our website www.sedc.org serves as the main informational portal for members. Here you can join, renew, sign up for meetings/events, and view the latest e-newsletters. Check out “SEDC U” our online educational portal with current to better prepare you as an economic development professional in your everyday work life. www.sedc.org

24. Major Membership Benefits, cont. • Career Center - One of the most popular sections on our website www.sedc.org is our Career Center featuring positions open in our region. The South is an extremely popular location to practice economic development so there are numerous positions posted at any given time. • Career Advancement - By networking with representatives of the best economic development organizations in the country you are exposing yourself to influencers that can help in the advancement of your career. Building relationships with this peer group will get you noticed. www.sedc.org

25. Major Membership Benefits, cont. • Advocacy - SEDC will keep you abreast of federal legislation affecting you as it relates to impediments and issues affecting economic development. Our Legislative Affairs committee will track this legislation and send out “calls to action” as necessary. • Ask SEDC - Are you “stumped” and looking for the answer to a problem, need a resource, or looking for a “best practice.” Then submit a question to Ask SEDC and we will let our members know about your request. Users of this service in the past have praised the practical and useful information they have receive from other members willing to share their experiences. www.sedc.org

26. Major Membership Benefits, cont. • Exposure to Site Selection Influencers - Whether it is a site location consultant, real estate broker, International Chamber of Commerce or a foreign consulate, SEDC will offer you exposure to these people that are influencing the decision making process for new and expanding business decisions. Through our Meet the Consultants event and our Annual Conference we offer opportunities for you to hear from and network with these important people. www.sedc.org

27. Thanks for your support and commitment to SEDC. Any questions?