1. State College Borough Redevelopment Authority Saturday, May 30, 2009
The Importance of Partnerships in Financing Community & Economic Development
State College Borough Redevelopment Authority
Saturday, May 30, 2009

2. What’s the Difference?
How would you differentiate between community development And economic development? Are they different?

3. A Practical Difference
Community Development : The implementation of activities that improve the overall environment and quality of life of an area and so improves the potential for successful economic development. Economic Development: The improvement of the financial conditions for an existing community of people.

4. The Foundation of Partnerships
A Shared Vision of the Future
If you don’t have a vision, someone else’s vision will
have you!

5. The Struggle With Shared Visions

6. Whose Vision Is It, Anyway?

7. The Market Realities of Visions
There Are Not an Unlimited Number of Options
You Must Understand Current Market Realities & Conditions…
College Towns
County Seats
Latte Towns
Lifestyle Centers
Techno-Centers

8. The Market Realities of Visions
There Are Not an Unlimited Number of Options
You Must Understand Current Market Realities & Conditions…
College Towns
County Seats
Latte Towns
Lifestyle Centers
Techno-Centers

9. What Assets Do You Have to Build On?
New Economy Assets
Tourism Sites
Colleges / Universities
Health care Campuses
21st Century Industry
County Seat
EZs, KOZs, KIZs
High Tech Business Centers
Traditional Assets
Mining / Extractive
Agriculture
Manufacturing
Generic Assets
Public Infrastructure
Historic Architecture
Local Organization

10. PDC’s Definition of A Vision Statement
A defined (written) future condition for the business district or neighborhood, based on current market realities and assets, and the ability of the local organization to impact those realities, that defines either the planned economic or residential character of the target area.

11. Building Partnerships Through Visioning
Visioning in Wilkes-Barre, PA

12. Building Partnerships Through Visioning
Visioning in Johnstown

13. Partnership “Case Studies”
Jersey Shore
To Be A or Not To Be (A Trail Town)… That is the Question!
Harrisburg’s Restaurant Row
A market driven, asset-based example

14. Common Denominators of Success
Projects or Programs That…
Are Based on Community Assets
Have a Broad Base of Support
Manage Complexity
Public-Private Partnerships
Multiple Sources of Funding
Are Demand (i.e. Market) Driven
Understand the Time Demanded
Evolve From Local Efforts
All Require Partnerships