Growth Experience

Economic Development, Compensation and Benefits

Growth Experience

Download

The City of Bondurant, Iowa, is a small but rapidly growing municipality that has become a model for innovation in local government. With a population on the rise and increasing demands on municipal services, the city recognized the need to implement strategic programs to address the challenges of growth. Bondurant’s leadership responded with two distinct initiatives: a compensation philosophy and policy designed to attract and retain top-tier talent, and a targeted business/ industry program aimed at fostering economic development and addressing critical service gaps. These programs, while separate in their goals and implementation, reflect the city’s commitment to sustainability, innovation, and fiscal responsibility.

Publication Date: February 2025

Author: Adam Powell

Download

Additional Resources

  • February 2025 GFR

    More info
  • GFOA's Best Practices Forum

    More info
  • Government Finance Review

    More info
  • Investment Fee Guidelines for External Management of Defined Benefit Plans

    More info