Solutions for Declining Municipal Revenue in the City of Royal Oak Quick Policy Analysis By: John Girdwood Wayne State University For: Royal Oak City Council.

Slides:

Advertisements

Similar presentations

Go-to-Market Strategy

Advertisements

Shared vision development for the Kiraly street Business case.

DEVELOPMENT OF AN INNOVATION CENTER WIPO/INN/MCT/04/3 WIPO NATIONAL WORKSHOP ON INNOVATION SUPPORT SERVICES AND THEIR MANAGEMENT Muscat, April 20, 2004.

ENGAGE IN A CAREER IN BUSINESS 8/2/2011. ENGAGE IN A CAREER IN BUSINESS Some Job Descriptions Include: Operations Technology Finance Investment Management.

Essential to Your Profession Essential to Your Career Essential to You.

Transportation Strategy Board July 28, 2010 Responsible Growth.

Test your business idea Library of business support resources Get business answers and advice resources Venture Navigator is a free and impartial online.

Chris Hall 21 st January What is Strategy? TIME Source: London Business School Sloan Program HOW.

Part I: Organization of a Business Introduction to Business 3e 1 Copyright © 2004 South-Western. All rights reserved. Planning A Business.

1 Start-Ups while Keeping the RIT “Day Job” Mick Stadler Executive Director RIT-High Tech Incubator March 30 and

Supporting technology transfer: The role of business incubators John Gabriel Goddard Knowledge Economy Forum VII Ancona, Italy.

Green Building Leaders Designing a Renewable Energy Requirement for B.C. Solar West 2011 Claire Beckstead The Pembina Institute.

David Armijo, CEO Hillsborough Area Regional Transit Potential Transit Enhancements With Gas Tax Funding Hillsborough County Transportation Task Force.

Presented by: The Business & Investment Network. Introduction Although start-up and early stage development companies are at the heart of economic growth.

 The need  The priority  The confidence to take action The Financial Ca$e for Online Staffing Online Assessment plus Tracking delivers outstanding financial.

©2006 Ann Arbor SPARK 2010 Successes 2011 Opportunities Presentation to Livingston County Economic Development Council.

Determining and Setting Public Utility Rates Bill Wilks, Senior Project Manager November 19, 2014 AGFOA Fall Conference.

Acceleration or Incubation? James Robbins NACCE Conference October 14, 2013 James Robbins NACCE Conference October 14, 2013.

Business Model for an Industrial development agency

Intro for SE’s (this slide to be deleted from your final deck!) This can be used as a template for an “intro” / executive summary The point of this deck.

Jeff’s slides. Transportation Kitchener Transportation Master Plan Define and prioritize a transportation network that is supportive of all modes of.

Chapter 10 Managing Information Systems and Technology Investments.

NYC ACRE The New York City Accelerator for a Clean and Renewable Economy; an NYU-Poly i2e initiative.

Chapter 5 Learning Objectives 1.Discuss how to plan for human resources needed to carry out the organization’s strategy. 2.Determine the labor demand for.

SR-5 Solutions Adam Yuan Sean Xu Terry Wu. Source:

Bio in Arizona Joe Caspermeyer Laura Gladney PAF 591 Policy Briefing April 1, 2003.

TENTATIVE BUDGET FISCAL YEAR 2016 August 17, 2015 Dr. Crystal LeRoy Superintendent/Chief School Business Official Kenilworth School District 38 “That Youth.

OPEN HOUSE #4 JUNE AGENDA OPEN HOUSE 6:00 PM  Review materials  Ask questions  Provide feedback  Sign up for list  Fill out comment.

Rochester Regional Business Plan Contest Semi-Finals Presentation 4/19/06.

PROJECT UPDATE PUBLIC OPEN HOUSE #3 OCTOBER 17 4:30 PM – 6:30 PM Dakota County Northern Service Center.

FY Budget Presentation to Board of Finance March 17, 2014 Government Center Kevin Murray, Operations Manager Parks & Facilities.

THE MINISTRY FOR ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION The Business Forum under the Conference on Interaction and Conference Building Measures.

Chapter 3 Concept & Development of Entrepreneurship Entrepreneurial Decision Process Types of Start-up Ventures Entrepreneurship & Economic Development.

Feasibility Study.

Business Retention and Expansion What it is Why it is important How it works What makes it successful Business Retention and Expansion.

CREATING A ROADMAP FOR FINDING VALUE IN FOOD WASTE REDUCTION November 17,

What is a TSP? Provides City with guidance for operating and improving a multimodal transportation system Focuses on priority projects, policies, and programs.

REGIONAL ECONOMIC GROWTH THROUGH INTERNATIONAL TECHNOLOGY TRANSFER 5 TH Vienna Economic Forum November 2008 OttoConsulting LLC Otto Prohaska President.

The Business Plan Apparel Development 2 Objective 4.02.

Hola hola hola Hola hola hola hola hola hola hola hola hola Hola hola hola HOLA HA EU Cohesion Policy supports the SMEs Elena del Rey, Head of fundraising,

Economic Development Commission 12/12/12 Larry Benders Director of Development 1.

“Centers of Innovation bring together research and local assets in midsized Georgia cities to attract company interest and technology- based economic.

Return on Investment Human CapitalInnovationMarketingDiversity Social Responsibility Value of Employees with Disabilities proLearning innovations 2012.

WEDA June 13, OUR HISTORY  Innovation Ecosystem Taskforce  Clean Energy Leadership Council – Platform for Leverage – Statewide innovation-focused.

Regional Policy Performance framework review and reserve Jan Marek Ziółkowski Evaluation and European Semester Unit DG for Regional and Urban.

Budget Study Sessions -Sound Fiscal Management that Facilitates Meeting the Needs of the Community -A High Performing Workforce that is Committed.

CITY COUNCIL WORKSHOP – APRIL 12, Strategic Action Plan Evaluation Results.

Structuring a For-Profit Incubator NBIA Conference May 2000.

Budget Study Sessions Strategic Support Proposed Operating Budget OUTCOMES: - A High Performing Workforce that is Committed to Exceeding.

BUSINESS PLAN. Possible Section Headers Executive Summary Problem Solution Target Market SWOT Analysis Market Analysis Product Description Mockups Implementation.

Chapter 5 Entrepreneurial strategy. Learning Outcomes On completion of this chapter you will be able to: Define and explain why strategic management is.

Item 4G Approve Lighting Upgrade for the East Parking Garage with Facility Solutions Group in the amount of $86,

Item 4E Resolution No , Transportation Advocates of Texas, Inc. Resolution.

Setting Up a Project for Success:

Lecture 1. Basic definitions

Gulf Power Economic Symposium

Audited Financial Statements

Meeting Standards and Expectations in the Water Industry

ENTREPRENEURSHIP PANEL

Torfaen.. for Business.. for Lifestyle.. for you

Fourth progress report on cohesion June 2006

Where Economic Development Meets Venture Capital: Impact Investing

FINANCE & ECONOMIC STATUS REPORT

Labor Negotiation Kick-off

Group Project Warren Selby Nuwan Waas Volkan Dogan

Buffalo State College NYS Enacted Budget Summary

Administration and Corporate Services

EVANSTON City Council Goals - Mid-year Update

The Context of Public Policy

Mayor & Council June 9, 2014.

Presentation transcript:

Solutions for Declining Municipal Revenue in the City of Royal Oak Quick Policy Analysis By: John Girdwood Wayne State University For: Royal Oak City Council 16 May 2011

Executive Summary I find that the City should adopt an economic gardening program, followed by an economic development webpage, and finally, business incubation. – All of the policy options, when implemented correctly, will increase municipal revenue.

Displayed Econ. Agenda (1)economic agenda transformation and advertising it on an economic development webpage DDA actively fill vacancies for City DDA / City manager discuss Incubation Foundations Links to MEDCMEDC –Success Stories

Economic Gardening (2) enactment and maintenance of an economic gardening program. –Hire economic development specialist Proactively turn 1 st Stage Bus. To 2 nd Stage Entrepreneurs by nature attracted Measureable success from tracking growth See Littleton.Littleton

Business Incubation (3) a designated incubation facility for small business start-ups and entrepreneurs. –Feasibility study –Organize entrepreneurs –Secure Funding –Activate business incubationbusiness incubation –Retain businesses

The evaluation (1)expected 15 year return on investment, (2)initial costs, excluding external financial support, (3) time to implementation and functionality, (4) 10 year potential for job growth creation.

Questions / Comments?