Regions Charting New Directions: Metropolitan Business Planning

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Presentation transcript:

Regions Charting New Directions: Metropolitan Business Planning April 11, 2011 Robert Weissbourd, RW Ventures, LLC

Metropolitan Business Planning: A New Way of Doing Business Grounded in Economics and Business Comprehensive, Actionable Strategies An Ongoing Enterprise Enables “New Federalism” 2

Institutional Economics Keys to Influencing Economic Performance What is it About Place that Affects Economic Performance? New Growth Theory Economic Geography Institutional Economics New Growth Theory Act Comprehensively – The Whole is Greater than the Sum of the Parts. Economic Geography Institutional Economics Customize. Develop Institutional Capacity and Intentionality.

Leverage Points Enhance Regional Concentrations Create Effective Public & Civic Culture & Institutions Deploy Human Capital Aligned with Job Pools Leverage Points for Sustainable and Inclusive Prosperity Increase Spatial Efficiency Develop Innovation- Enabling Infrastructure

Global, Knowledge Economy Specialization and Dynamism Intentionality Build from Unique Assets Cross-Sectoral, Adaptive, Open, Information-Rich, Entrepreneurial Comprehensive, Integrated Strategies which Compete on Value-Added

Business Planning: A Proven Discipline for Comprehensive, Effective Action Metropolitan Business Planning Regional Economy Mission and Vision Market Analysis Identify Strategies and Goals Specify Products, Services and Policies Operational Planning Financial Planning Performance Monitoring Identify regional assets/opportunities Develop customized strategies Turn strategies into concrete actions Build institutional capacity Execute 6

Metro Business Plan Components Lead Initiative Products/Services Operations Financials Performance Strategic Overview Mission/Vision Market Analysis Goals Strategies Metropolitan Investment Prospectus Investment Opportunities and “Asks” Projected Returns

A New Economic Federalism HUD Section 8 Dept. of Labor Workforce Inv. Act Small Business Admin. Loans Dept of Commerce Int’l. Trade Admin. Dept. of Transpo. SAFETEA-LU Programs Develop Innovation- Enabling Infrastructure Create Effective Public & Civic Culture & Institutions Deploy Human Capital Aligned with Job Pools Enhance Regional Concentrations Increase Spatial Efficiency Comprehensive Metropolitan Strategy Affordable Housing Workforce Training Small Business Assistance Export Strategy Upgrading Roads and Rail 8

Integrated Investment by Federal Government, States and Others White House Office of Urban Affairs HUD Section 8 Department of Labor Workforce Investment Act Small Business Administration Loans Department of Transportation SAFETEA-LU Programs Department of Commerce International Trade Administration HUD Section 8 Dept. of Labor Workforce Inv. Act Small Business Admin. Loans Dept of Commerce Int’l. Trade Admin. Dept. of Transpo. SAFETEA-LU Programs Cross-Agency Regional Teams Pooled and Flexible Funding Support for Regional Capacity Building “New Federalism” Partnership Develop Innovation- Enabling Infrastructure Create Effective Public & Civic Culture & Institutions Deploy Human Capital Aligned with Job Pools Enhance Regional Concentrations Increase Spatial Efficiency Comprehensive Metropolitan Strategy 9

Regions Charting New Directions: Metropolitan Business Planning DISCUSSION Regions Charting New Directions: Metropolitan Business Planning April 11, 2011 Robert Weissbourd