Local Economic Development Concepts & Discussion Shannon Hiemstra & Colin Mitchell Stone Soup Development (Pty) Ltd 083 7771004 www.stonesoupdevelopment.com.

Slides:



Advertisements
Similar presentations
Good governance for water, sanitation and hygiene services
Advertisements

Framework for K-Farm Green Value Chain Production of Carambola
Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions.
March 2012 Ports and Cities Conference Newcastle Dorte Ekelund, Executive Director Major Cities Unit Department of Infrastructure and Transport
Preparing Marylands Workforce to Compete Globally Kenneth E. Poole, Ph.D. President CREC Executive Dir. C 2 ER.
EU SME policy The “Small Business Act” for Europe and its Review
New opportunities for regional development through cross-border cooperation Ministry of Environmental Protection and Regional Development November 16,
Cyprus Project Management Society
Creating a Low Carbon City with a High Quality of Life for All Bristol’s Experiences.
Presentation of the workshop results to the plenary session A) Strengthening rural entrepreneurship by connecting the local production with other economic.
Challenges Competition for resources (including raw materials) increases, scarcities => prices rise => impact on European economy 20th cent.: 12-fold.
Support to the Development of Greenfield investments in Lithuania “Marketing and promotion of the industrial parks” Training session leader: Paul Baker,
Basic Economic Development Strategies Alan Barefield Southern Rural Development Center.
German – South African BDS / LED programme German - South African BDS / LED programme Some Innovations in the field of Local Economic Development.
Experiences from Denmark: Action Plan and Legislation on CSR by Carsten Ingerslev Danish Government Center for CSR Brussels, 23rd February 2010.
SMEs Division National IP Action Plan for Entrepreneurs and SMEs March 2008 Small and Medium-Sized Enterprises Division World Intellectual Property Organization.
The implementation of the rural development policy and its impacts on innovation and modernisation of rural economy Christian Vincentini, European Commission.
Investment and integrated strategies supporting towns Raivis BREMSMITS Ministry of Environmental Protection and Regional Development of the Republic of.
Mid-Shore CEDS Committee Meeting January 6, 2010.
Igor Kaniecki | Joint Secretariat Interreg South Baltic Programme
Department of Planning and Community Development Corporate Plan: Government priorities we contribute to Building friendly, confident and safe.
Green and Inclusive Business
“Wind Power for Local Economic Development: South Africa leading the Way”
April, 2013 Agency for Investments and Competitiveness.
EU Structural and Investment Funds Climate Change and Environmental Protection SWOT Workshop Martin Budd, Hull City Council Nadine Senior, Hull.
PACE-NET Suva Conference (12-14 March 2013) The next Framework Program Horizon 2020 outlines officialversion/?auth_key=affe016b17ca2bf0d96d1d4a44f6a6ad.
Cross-cutting areas of Capacity Building and Adaptation UNDP Workshop for NIS Environmental Focal Points June 2004.
Partnerships and collaboration Working together: good for business, good for research I work for business.gov.au but also thought it would be a good opportunity.
A BETTER INVESTMENT CLIMATE by Dr. Chee Kim Loy Assoc Professor, UBD.
MANIFESTO FOR RESPONSIBLE EUROPEAN MANAGEMENT EUROCADRES’ Conference Nov 2003 Dirk Ameel.
The importance of a collective approach in delivering a thriving visitor economy Jason Freezer, Destinations Manager.
Community Based Approach to Local Development – phase 3 Joint project of European Union and United Nations Development Programme Kiev, May 2014.
Development of the environment business sector Environment as job motor Examples Environment as a regional development strategy Gottfried Lamers.
From LED to Regional Competitiveness Shannon Hiemstra & Colin Mitchell Stone Soup Development (Pty) Ltd West Coast.
COGITA is made possible by Bologna, 23 October 2014 European Public Policies on CSR: The perceptions SMEs Eleni Apospori, Ph.D. Assistant Professor of.
Supporting a Better Local Business and Investment Climate – AN OVERVIEW – SIMON WHITE Strategies and Practices Toward a More Enabling Business and Investment.
Call for Proposals & Priority Prospectus July 2010 – June 2011 Briefing Technical Assistance Project Partners Monday 12 th July 2010.
What is Local Economic Development? Jörg Meyer-Stamer
A new start for the Lisbon Strategy Knowledge and innovation for growth.
Planned Commission Communication on the role of the Private Sector in Development A contribution to the reflexion on How to Innovate International Cooperation.
M A N U F A C T U R I N G E X T E N S I O N P A R T N E R S H I P March 25, 2009 – Advanced Manufacturing Summit NIST MEP MEP Growth Framework: Sustainability.
The Bulgarian ICT Cluster The European Day Of The Entrepreneur – Sofia, 2005.
Strategic Priorities of the NWE INTERREG IVB Programme Harry Knottley, UK representative in the International Working Party Lille, 5th March 2007.
Sustaining Local Economic Development Initiatives: A summary of the Hexagon of LED Jörg Meyer-Stamer
│ 1│ 1 What are we talking about?… Culture: Visual Arts, Performing Arts, Heritage Literature Cultural Industries: Film and Video, Television and radio,
Housing association objectives need to be under one roof Jan Veuger BSc MRE PhD FRICS NoorderRuimte, Centre of Research and Innovation for Build Environment,
Community-Driven Development: An Overview of Practice Community Development Strategies – how to prioritize, sequence and implement programs CommDev Workshop.
Business Responsibility and Sustainability Dr Eshani Beddewela Week 04.
Policy Research and Innovation Research and Innovation Enhancing and focusing EU international cooperation in research and innovation: A strategic approach.
TOWARDS “CLEAN” MINING TECHNOLOGY THROUGH TECHNICAL SCIENTIFIC INNOVATION Nicolae Ilias, Romania.
SV WiRAM - Anja Gomm - March Local / Regional Economic Development Promotion Main ideas Factors for implementation Relationship to your work Aim:
Green Jobs, Sustainable Development and Decent Work G20 Mexico Presidency G20 Labour Employment Preparatory Meeting 14 February 2012, Mexico City.
Fernando HERVÁS SORIANO OECD Symposium 3-4 July 2008 INGENIO 2010 The R&D and innovation strategy.
Reporting on the main discussion points Rapporteur Mr Jan Maarten de Vet, Ecorys High Level Tripartite Strategic Forum on construction 14th April 2016.
EUROPEAN NEIGHBOURHOOD AND PARTNERSHIP INSTRUMENT - ENPI CROSS-BORDER COOPERATION PROGRAMMES.
CSR in Romania – between illusion and reality With particular focus on Small and Medium Sized Enterprises Discussant: Dina Ursua LIDEEA Development Actions.
Challenges & Opportunities for Economically & Environmentally Sustainable Development A Port’s Perspective.
The CHIETA Chambers Colloquium 13 February 2014 SETTING THE SCENE Acting CEO, Ms Ayesha Itzkin.
UNCLASSIFIED Lift the living standards and wellbeing of all Victorians by sustainably growing Victoria’s economy and employment and by working with the.
Introduction to Business (MRK 151)
Scotland’s 10 Year Social Enterprise Strategy
PLANNING AND ORGANISING local economic development
Approaches and instruments for sustainable rural development
DEVELOPMENT & IMPLEMENTATION OF A NATIONAL STRATEGY ON CSR
Sustaining Local Economic Development Initiatives: The Hexagon of LED
International Strategy
AMORO, The Story of Palestine’s First Mushroom Farm
OECD Green growth strategy Measuring progress through indicators
GSSC (GREAT SULU SULAWESI CORRIDOR) ECONOMIC CORRIDOR
Environment in Cohesion Policy framework for
Presentation transcript:

Local Economic Development Concepts & Discussion Shannon Hiemstra & Colin Mitchell Stone Soup Development (Pty) Ltd West Coast District Piketberg 12 November 2013

What is LED? LED is an ongoing process by which key stakeholders and institutions from all spheres of society, the public and private sector, as well as civil society, work jointly to create a unique advantage for the locality and its firms, tackle market failure, remove bureaucratic obstacles for local businesses and strengthen the competitiveness of local firms’

LED & Competitiveness at the Local and Regional Level: The Hexagon Process Management Governance Sustainability Policy focus and synergy Locational factors Target group

The 1 st Triangle: The Target Group Process Management Governance Sustainability Policy focus and synergy Locational factors Target group

Enterprises and Firms streng- thening local firms Attraction of new firms Promotion of start-ups and entre- preneurship supplier development, outsourcing, spin-off; support for owner succession Attract suppliers and complementary firms, manufacturers of capital goods, service providers franchising

LED activities around the 1 st triangle streng- thening local firms Attraction of new firms Promotion of start-ups and entre- preneurship supplier development, outsourcing, spin-off; support for owner succession Attract suppliers and complementary firms, manufacturers of capital goods, service providers franchising address market failure business skills business contacts, networking, info address market failure entrepreneurship skills business contacts entrepreneurs’ networking coaching, business angels professional investment promotion locational marketing targeted investment promotion investor after-care

Main messages General principles: Identify and remedy market failure (e.g. barriers to entry, information access, etc. ) Avoid market distortions and discrimination Reduce barriers to entry Pursue a balanced approach: look at each of the 3 types of companies Look at the synergies between the 3 types

Food for thought? Research by the Edward Lowe Foundation; the RUPRI Centre for Rural Entrepreneurship and the Kauffmann Foundation provided evidence that for every 100 new jobs created in the private sector: 55 Jobs will be created by the expansion of existing local businesses 44 Jobs will created by new start‐up companies 1New job will be created by a “greenfield” corporate relocation.

The 2 nd Triangle: Locational Factors Process Management Governance Sustainability Policy focus and synergy Target group Locational factors

Intangible locational factors Tangible locational factors -- quality of housing -- environmental quality -- schools and HE -- health facilities -- social facilities -- culture and recreation -- efficiency of government -- business climate -- availability of related industries -- supporting institutions -- geographical location -- real estate -- transport and communication infrastructure -- skilled workers -- energy and environment -- taxes and levies -- subsidies Locational advantages Relevant for firms: Relevant for individuals:

The 3 rd Triangle: Sustainable Development Process Management Governance Policy focus and synergy Locational factors Target group Sustainability

The triangle of sustainable development economic develop- ment ecological develop- ment social develop- ment e.g. Review of economic priority new types of living and housing (for instance for retirees) e.g. processing of locally available bio-mass Green manufacturing e.g. regional recycling economy Ecological priority e.g. labor-intensive rehabilitation and maintenance of ecological infrastructure

Main message Address ecological and social problems as business opportunities Look for win-win-opportunities – finding an innovative approach to LED by thinking out of the box Ecological infrastructure development & maintenance can be good business

The 4 th Triangle: Policy Focus and Synergy Process Management Governance Sustainability Locational factors Target group Policy focus and synergy

Focus and Synergy, 1: Separating Economic Development: Quick results Competitiveness Sustainability Consumers Environmental Sustainability: Water management Air quality Social Development: Support for disadvantaged and marginalised Beneficiaries Solidarity Time horizon Visual vs. substance Profit vs. solidarity Urban / Regional Planning : Long time horizon Planning Aesthetic criteria

Choices & Trade-off’s Local Economic Development is about making the best use of what will always be a limited amount and quality of resources!

The 5 th Triangle: Governance Process Management Sustainability Policy focus and synergy Locational factors Target group Governance

Local government Business associations The Triangle of Governance Civil society Not always representative. Sometimes protectionist. Can be a powerful ally if representative. Trade-off’s are necessary. Trade-off’s accepted if well articulated. Communication and consistency is key Democracy Development Paradox. Want’s vs. Need’s mismatch. Resource constraints. Red tape. Profit / development dilemma CSR vs. CSI CSF Transparency & Trust

Main message Current approach in successful localities: Social Capital & Trust Network governance – Distribution of responsibilities between various governmental and non-governmental organizations – Negotiation and co-ordination without a clear decision center Subsidiarity and decentralization Participatory approaches.

The 6 th Triangle: Diagnostic Planning, Monitoring & Evaluation Governance Sustainability Policy focus and synergy Locational factors Target group Process Management

Participatory diagnostic (PACA / Genesis) Shared Strategic intent Participatory planning Continuous engagement Participatory: M+E, Benchmarking, Organisational alignment Implementation Motivation Feedback Reference The Triangle of Process Management

Main message Successful LED is based on learning LED is about sentiment and momentum Don’t waste too much time with research & discussing, -- get into action quickly! LED is an iterative process Development is systemic

Process management Governance SustainabilityPolicy focus and synergy Locational factors Target group The fifth and sixth triangle Hard-core LED Innovation & Differentiation Governing the process of LED

Sustaining Development interventions Small business promotion Investment promotion Start-up promotion Promotion of BDS Efficient public administration Enabling environment Competitive infrastructure Skills Synergy between different fields of local development Innovation: Addressing LED from a new angle Encourage independent business associations Public-private partnership Effective governance Participatory approach LED = iterative & learning Process Governing the process of LED Innovation & differentiation Hard-core LED

We are not born with rights - we are all born with obligations! Jewish Philosophy We know what to do, we know why we should do it, and we know how to do it. Yet most businesses and individuals don’t do what is good for them because the pain is today and the benefits are only in the future. David Maister – Strategy & the Fat Smoker