Podcast

Stacy Romero – Louisiana Economic Alliance for Development

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Overview: In this episode of Discover Lafayette, we welcome Stacy Romero, Executive Director of Louisiana Economic Alliance for Development (“LEAD”), the leading organization for economic development professionals in Louisiana.

Stacy is dedicated to equipping professionals with the knowledge, connections, and resources needed to drive meaningful community impact through high-impact education, strategic advocacy, and collaborative networking.

Background and Experience: Stacy holds a degree from UL Lafayette and has completed multiple leadership programs, including the U.S. Chamber of Commerce Foundation’s Institute for Organization Management, the Business Leaders Fellowship Program, and the Council for a Better Louisiana’s Leadership Louisiana program. In 2024, she was honored with the Junior Achievement of Acadiana Richard E. Beaudoin Friend of Business Award.

Journey into Economic Development:

  • Stacy began her career as an elementary school teacher and later worked at the Department of Education, mentoring new teachers.
  • She transitioned into running education programs at United Way of Acadiana before serving as Executive Director of the Broussard Chamber of Commerce.
  • Her diverse experience in education and business leadership helped her recognize the workforce development gaps in Louisiana.

Key Topics Discussed:

  1. Workforce Development Challenges:
    • Stacy’s personal experience as a mother witnessing her son’s initial plans to leave Louisiana highlighted the need for workforce retention efforts.
    • The importance of preparing students and professionals for career opportunities within the state.
  2. The Role of LEAD:
    • LEAD was formerly LIDEA and underwent a major restructuring to better serve economic development professionals.
    • LEAD provides networking opportunities, professional development, and advocacy for economic development professionals.
  3. Supporting Economic Development Professionals:
    • LEAD’s focus on emerging professionals and bridging the knowledge gap as seasoned professionals retire.
    • Collaborating with universities to create a pipeline for students into economic development careers.
  4. Economic Development and Small Businesses:
    • Economic development includes attracting new businesses and supporting small, long-established local businesses.
    • Quality of life, supported by small businesses, is a key factor in attracting major corporations to Louisiana.
  5. Available Resources for Businesses:
    • Many business owners are unaware of available support, such as LEDA’s traffic count data to help businesses choose locations.
    • Economic development professionals play a crucial role in connecting businesses with resources.
  6. Upcoming LEAD Events & Initiatives:
    • Spring Legislative Event (May 5-6, 2024): Opportunity for economic development professionals to engage with legislators in Baton Rouge.
    • Professional Development Courses: A four-day Basic Economic Developers Training Course is held annually, with additional specialized courses such as Real Estate Development & Reuse.
    • Annual Conference (October 2024): Featuring guest speakers, panels, and professional development opportunities.
  7. Membership in LEAD:
    • Affordable membership tiers, including a $25 student membership and higher levels up to $350.
    • Open to professionals working in economic development at least 50% of their time, including those in municipal roles, power companies, and regional organizations.
  8. Public Engagement & Outreach:
    • LEAD is enhancing its social media presence on Facebook and LinkedIn to engage members and share resources.
    • Stacy actively travels across the state to build relationships and raise awareness about LEAD’s mission.

Get Involved with LEAD:

  • Visit LouisianaLEAD.org for more information.
  • Follow LEAD on Facebook and LinkedIn to stay updated on events and resources.

Conclusion: Stacy Romero’s passion for workforce development and economic strategy shines through in her work with LEAD. By fostering collaboration and equipping economic development professionals with essential tools and knowledge, she is playing a vital role in strengthening Louisiana’s economy.

Tune in to hear Stacy’s insights on how economic development efforts impact businesses and communities across the state!