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Designing the Economic Growth Engine for Counties


Jeff Buhrman brings a blend of local roots and private-sector expertise to his role as director of economic development for New Castle County, Delaware. He spent 15 years with Bloomberg L.P. helping small businesses develop and grow, an experience that now serves to advance the County’s economic development efforts. He also earned his MBA from New York University, further strengthening the analytical and strategic lens he applies in public service.
In this interview, Buhrman reflects on how those experiences inform his approach to economic development. From prioritizing quality employment opportunities to building workforce ecosystems and engaging community stakeholders, he emphasizes that sustainable growth depends on context, collaboration and long-term impact rather than short-term metrics. From Financial Technology to County Leadership I was born and raised locally, and attended the University of Delaware here in New Castle County. After graduating, I took a job in New York City in the software industry and spent 15 years working within the hedge fund sector, where it intersects with technology. That environment exposed me to a tremendous amount of complexity and variety, along with a diverse range of personalities in an extremely competitive setting. While working there, I completed my MBA at New York University. The combination of those professional and academic experiences gave me a well-rounded background that I draw from regularly in my current role as economic development director. When I sit down with a business owner or an industry leader, having a broad understanding of their operating environment and current industry dynamics opens opportunities for meaningful collaboration within the county. Moving Beyond Job Counts to Long-Term Community Impact Historically, economic development efforts in counties and states have often been measured by the number of jobs a project creates. Over time, that evaluation has evolved to include more complex considerations, including wage levels. But quality of employment can matter as much as, if not more than, sheer quantity. In New Castle County, we also look at the sustained downstream impacts of a project and the context of the local community. A new development does not operate in isolation. It affects local suppliers, schools, restaurants and housing. All of that economic activity influences quality-of-life factors for residents. Those broader impacts play a significant role in how we prioritize projects. Community Context as the Core Metric When evaluating development opportunities, context matters. Each community has distinct needs. A project that brings substantial employment may be transformative in one area while creating different challenges in another. We assess workforce alignment, transportation infrastructure, housing stock and the broader economic and social impacts of a project. We consider both positive and negative factors. Economic development is about putting together a complex puzzle, ensuring that the project fits the community’s existing strengths and needs. Public-Private Partnerships as Strategic Tools Public-private partnerships (PPPs) can unlock opportunities that might otherwise remain outside the reach of traditional private investment, especially in the free market area. These partnerships allow municipalities and developers to bring complementary strengths to a project, whether in expertise, capital or infrastructure support.Workforce development and availability are the most critical factors in project site selection for counties. Communities must ensure talent supply for both present and future needs.