Ethics in Economic Development

Posted by on October 14, 2011

“Ethics is knowing the difference between what you have a right to do and what is right to do.”
–          Potter Stewart
In today’s world, many lead stories in the media unfortunately have to do with individuals who make poor ethical decisions on behalf of their company or organization.  While many of us may view ethical behavior as simply a “common sense” approach to situations, sometimes it isn’t that black and white.  Because we in the economic development profession deal with confidential information, compete with peers for projects and serve many stakeholders, it is important that we consciously do business in a professional manner by upholding the highest standards of ethical conduct.
The Lake Superior Community Partnership, an International Economic Development Council (IEDC) accredited organization, employs certified economic developers who are required to receive approved ethics training and adhere to the standards set by our accrediting body.  By doing so, we are able to create an ethical culture for all employees and stakeholders, and be clear that we do business with the highest of ethical standards in order to be successful.
The IEDC Code of Ethics has ten guidelines.  Several which stand out for me state that professional economic developers shall:
·         Practice with integrity, honesty and adherence to the trust placed in them both in fact and in appearance.
·         Be mindful that they are representatives of the community and shall represent the overall community interest.
·         Maintain in confidence the affairs of any clients, colleague or organization and not disclose confidential information obtained in the course of professional activities.
·         Cooperate with peers to the betterment of economic development technique, ability, and practice, and to strive to perfect themselves in their professional abilities through training and educational opportunities.
Rest assured that if you or your business is working with the LSCP, you can expect these principles to be adhered to. Our organization’s success is based on the ability to create and maintain strong relationships, and that cannot happen without the highest of ethical standards. 
To view the full IEDC Code of Ethics, visit their Web site at http://www.iedconline.org.  For more information about the Lake Superior Community Partnership, call our office at 226-6591 or visit www.marquette.org.   While you are there, be sure to subscribe to our RSS Newsfeed to get daily updates on issues affecting Marquette County business, as well as what’s happening with the LSCP and its Partners.  
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