Regional Economic Development. IT’S A CHANGING WORLD: MAJOR TRENDS.

Slides:



Advertisements
Similar presentations
Strong Regions Smart Business Vital Communities 2005 Annual Convening February Miami, Florida.
Advertisements

REGIONAL (TERRITORIAL) DEVELOPMENT
Prepared for Madison-Bond and Mid America Workforce Investment Boards By T. R. Carr and John Navin Southern Illinois University Edwardsville.
Preparing Marylands Workforce to Compete Globally Kenneth E. Poole, Ph.D. President CREC Executive Dir. C 2 ER.
The project is funded by the European Union Institutional capacity development of the three innovation centres and research sector in Bosnia and Herzegovina.
EAC HIGHER EDUCATION POLICY
CREATING OUR FUTURE Building Towns and Cities as Learning Communities Edmonton, CANADA 3-4 June, 2004 ADELAIDE Where we were, Where we are now ADELAIDE.
1 FY 2016 Budget Briefing February 2015 FY 2016 Budget Briefing February 2015 U.S. D EPARTMENT OF C OMMERCE.
1 National Governors’ Association Meeting Economic & Workforce Developers and Educators Theme: Revitalization of the economy and communities.
“Ensuring Employment Sector Service Excellence Across Communities” Carol Stewart Employment Sector Council London-Middlesex (ESCLM)
Stronger Economies Together Regional Economic Development Session Two.
About Wired65 $5 million grant awarded by the U.S. Department of Labor’s Workforce Innovations in Regional Economic Development (WIRED) initiative. Includes.
Focusing on Regional Competitive Advantage Module Five.
Focusing on Regional Competitive Advantage Module Three.
Regional Economic Development 101 Module Two. Session Overview Defining economic development Exploring major trends Examining your economic development.
Deloitte Consulting LLP MOVING ‘FROM BLUEPRINT TO SCALE’: IDEAS FOR PROMISING ACCELERATION MODELS.
The New Economy and The 2008 Impacts of MI-SBTDC June 17, 2009.
Program on Globalization and Regional Innovation Systems Community Participation and Emerging Forms of Governance in Economic Development Strategy David.
The U.S. Public Workforce System An Overview. Overview: The Workforce System and its evolution Defining today’s innovation economy WIRED Initiative and.
Economic Development and the Skills Shortage in British Columbia Skills Challenge 2020.
W HAT S TARTS H ERE C HANGES THE W ORLD The University of Texas at Austin New Brand Strategy New University Brand Strategy Workshop February 28, 2011.
Challenges and Opportunities in Developing Rural Regions Dr Patricia O’Hara.
Developing Your Vision and Goals Module Four. Something to Think About Vision without action is a daydream. Action without vision is a nightmare. Japanese.
WP4 SURVEY RESULTS. Respondents by country and sector.
Innovation Systems Research Network MCRI Theme III: Social Inclusion and Civic Engagement David A. Wolfe, Ph.D. Program on Globalization and Regional Innovation.
Building a Regional Economic Development Blueprint: Challenges, Strategies and Impacts of the SET Program Bo Beaulieu -- Purdue Center for Regional Development.
The Functional Region Alvin Simms Dept. of Geography.
CAREER PATHWAYS An Introductory Overview DEFINITION  A series of connected education and training programs and support services that enable individuals.
Exploring Strategies for Enhancing the Regional Economy Module Six.
California Needs Assessment of Workforce Issues for Energy Efficiency, Demand-Side Management, Renewable Energy and the Green Economy Conducted by the.
CAPTURING ECONOMIC DEVELOPMENT GRANT MONEY FOR CITIES & COUNTIES A Presentation to: Utah Alliance For Economic Development Presentation By: Logistic Specialties,
SOUTHEAST MISSOURI WIRED REGION MOVING INTO THE FUTURE.
National Fund 2.0: Vision Across America, communities are thriving because local leaders are working in partnership so that employers have the skilled.
Changing the Business Model -- Adding Value Constantine Katsigiannis President HELLENIC-CANADIAN CHAMBER OF COMMERCE Constantine Katsigiannis President.
Developing Your Vision and Goals Module Five. Producing a High Quality Plan: The Essential Components Evidence- Based Focused on Regional Economic Development.
Ashish Mishra, CEO Strategic Asia, European Office East Asia’s Creative Economy Opportunities and Policy Dimensions.
Strategies for Building New Economic Opportunities Bo Beaulieu, PhD Southern Rural Development Center – Mississippi State University.
United States High Growth Industry Initiatives Gregg Weltz Director of Youth Services U.S. Department of Labor XIV Inter-American Conference of Ministers.
© 2006 Amerihire Inc-USA. All rights reserved. LOGO.
The Governance and Policy of Local Innovation Systems David A. Wolfe, Ph.D. Program on Globalization and Regional Innovation Systems Munk Centre for International.
Factors of success of International tourism destinations Lecture 9.
Headwaters Communities in Action Building A Better Quality of Life Together.
Entrepreneurship As a Community Development Strategy John Gruidl and Deborah M. Markley.
California Needs Assessment of Workforce Issues for Energy Efficiency, Demand-Side Management, Renewable Energy and the Green Economy Conducted by the.
Creating & Sustaining Partnerships – the Sauk County Experience WBIA Conference November 4, 2005 Karna Hanna, CEcD, Executive Director Sauk County Development.
Land Use and Economic Development in Rural Areas Supplemental Module.
The Next Generation of Workforce Development Policy: Connecting Workforce and Economic Development Martin Simon Director, Workforce and Economic Development.
The New Economy: Opportunities and Challenges Joseph E Stiglitz.
1 Regional Innovation Strategies RIS. 2 About Regional Innovation Strategies The RIS projects aimed to support regions to develop regional innovation.
General Capacity Building Components for Non Profit and Faith Based Agencies Lakewood Resource and Referral Center nd Street, suite 204 Lakewood,
MHC at its Best MHC at its Best.
Exploring Strategies for Enhancing the Regional Economy Module Four.
PA Prosperity Partnership Initiative: Envisioning the University Role in the Innovation Economy Irene J. Petrick, Ph.D., Faculty Administrative Fellow.
The Clusters – An Advanced Concept In Educational Management Common borders. Common Solutions. EUROPEAN UNION.
Accelerating Adoption of Sector Strategies A State Policy Development Assistance Project Funded by The Ford and C. S. Mott Foundations February 24, 2006.
Integrating Telecommunications & Rural Policy Rural Telecon – October 17, 2007 Presented by Sheila S. Sager Coauthors: Theodore R. Alter, Jeffrey C. Bridger.
University/Industry Partnerships for Excellence in Education and Research.
Why Community-University Partnerships? Partnerships Enhance quality of life in the region Increase relevance of academic programs Add public purposes to.
REGIONAL INNOVATION NATIONAL PROSPERITY Presented by Charles J. Brown III HRQMC Regional Agenda.
Using Partnerships to Help Build a Stronger Community 2010 California Workforce Conference Newport Beach, CA.
Understanding Cultural Planning Considering a Cultural Plan for Erie and Niagara Counties Impact and Issues Presented to the Greater Buffalo Cultural Alliance.
Regional Economic Development 101 Module Two. Session Overview It’s a Changing World: Some Major Trends Implications of These Trends Local and Regional.
2. Cultural diversity Theories of International Tourism.
Economic Drivers : Government, construction, and related finance sectors hardest hit by global recession Persistently high unemployment and weak recovery.
UNCLASSIFIED Lift the living standards and wellbeing of all Victorians by sustainably growing Victoria’s economy and employment and by working with the.
Planning for Regional Development: Metropolitan Economic Strategy,
U.S. Department of Housing and Urban Development
Workforce Development
A Focus on Strategic vs. Tactical Action for Boards
Presentation transcript:

Regional Economic Development

IT’S A CHANGING WORLD: MAJOR TRENDS

Mega-Trends: Global Economy  Economic downturn; declining public funding  Loss of manufacturing jobs & growth of service industries  Polarization of work reflecting knowledge, skills & abilities  Outsourcing that divides “value-chain” functions into more productive, interdependent activities  Increasing importance of creative & knowledge economies  Specialization of regions & communities  Connections among places with complementary specializations or resources  Growth of entrepreneurs & the self-employed

Mega-Trends : Economic Development  Emphasis on job creation  Continued focus on companies rather than industries or people  Loss of private sector leadership  Need for talented workforce  Greater public scrutiny of investments  Need for economic developers with new skills in marketing and networking

Three Waves of Economic Development Source: Blakely & Bradshaw (2002); Drabenstott (2006); Hembd (2008)

OLD Economic Development Successful places… Touted a cheap place to do business Focused on attracting companies Fostered a cost-conscious physical environment Had a competitive advantage in some resource or skill Had government-led economic development

NEW Economic Development Successful places… Are rich in ideas and talent Attract educated people Provide physical and cultural amenities Have organizations and individuals with the ability to learn and adapt Embrace bold partnerships among business, government and nonprofit sectors

DEFINING A REGION: DIFFERENT APPROACHES

What is a Region? Geographical area of similar characteristics:  Similar within  Different from other places Place with a unique identity and meaning

Types of Regions Functional Economic Political Administrative Data “Issue” Each of these regions is valid. Which one you use simply depends on what you are attempting to do. Each of these regions is valid. Which one you use simply depends on what you are attempting to do.

Determining Your Region: A Caution A local area may be part of multiple relevant economic development regions. A single definitive region seldom exists for any locality. The appropriate region will depend on current strategies and concerns.

Defining Your Region Start With What Makes Sense Identify counties with common elements Look beyond traditional boundaries  State lines  County lines  Rural/Metro lines Find areas that share interests and goals

Why This Region? Why was this mix of counties selected? What makes this a region? What do you have in common? What are the challenges? What is your collective history & structure? What might be the focus for this region?

KEY FEATURES OF SUCCESSFUL REGIONS

Why a Regional Approach? Promotes the Three Cs:  Conversation  Connection  Capacity

A New Game Plan: How to Pursue Regional Economic Development Three major components: Build regional critical mass Prioritize investments in public goods and services Spur innovation Based on 20 case studies around the world. Reported in Drabenstott (2010)

Seven Policy Principles 1. Seize regional competitive advantage 2. Invest in transportation and telecommunications infrastructure 3. Adopt technologies that strengthen competitive advantage 4. Strengthen rural labor markets and boost worker skills 5. Foster better collaboration across jurisdictional lines in rural regions 6. Restructure agriculture by increasing value-added business activities 7. Improve the delivery of public services in rural areas Based on 20 case studies around the world. Reported in Drabenstott (2010)

Successful Regions Have… Leaders that recognize new realities of economic development Commitment to collaboration Global view Understanding of current strengths and weaknesses Flexibility and adaptability

Successful Regions Have…. Capacity to respond; Structure to support activities Comprehensive view of development Mechanism for continuously searching for opportunities Way to evaluate impact

Our Region: Taking Stock Needs Lots of Work Mixed Reviews In Pretty Good Shape

Looking Ahead... 3 Building a Strong Regional Team 4 Developing Your Vision and Goals 5 Focusing on Current Demographic Features 6 Exploring Opportunities for a Stronger Regional Economy 7 Examining Assets and Barriers 8 Planning for Success 9 Measuring for Success

QUESTIONS?