DT #547 Leadership Lessons from a Lifetime in Economic Development - Michael Langley

Develop This: Economic and Community Development

Summary In this episode of the Develop This Podcast, host Dennis Fraise interviews Michael Langley, a distinguished figure in economic development and recipient of the 2025 Lifetime Achievement Award from the IEDC. The conversation explores Michael's journey from military service as a naval aviator to a successful career in corporate America and, ultimately, to his impactful role in economic development. Michael shares valuable insights on leadership, the importance of community engagement, and the evolving landscape of economic development, particularly in light of technological advancements and current political challenges. He emphasizes the need for patience among young leaders and the significance of collaboration across various sectors to achieve economic success.

Takeaways

• Michael Langley's military background provided essential leadership skills.
• Transitioning from military to corporate to economic development is a unique journey.
• Engaging community champions is crucial for economic development success.
• Understanding regional strengths and weaknesses is key to effective leadership.
• Collaboration among public, private, and nonprofit sectors is foundational for economic development.
• Listening and delegation are vital skills for effective leadership.
• Young leaders should practice patience and gain experience before advancing.
• Technology and AI are transforming the economic development landscape.
• Economic developers must guide elected officials through political challenges.
• Building bridges within the community fosters support for economic initiatives.