1. Smart Investments to Enable Rebirth, Rejuvenation, and Positive Energy 25-Sep-2013

5. Education, Up-skilling, & Human Capital Formation Technology & Innovation Industry Clusters & Supply Chains

7. Higher Incomes Buy More Goods & Services Locally Pay More Taxes Live Longer More Education Lowe Levels of Incarceration Less Dependence on Public Assistance

8. Median Salary for Math & Computer Graduates ≈ $70,000 Median Salary for Liberal Arts Graduates ≈ $47,000 Liberal Arts

9. Bachelor's & Above Associates Degree Professional Certificate Vocational Degree High School/GED Sweet Spot: High ROI Industry Relevant Under- supplied Up-skill Potential

10. 10 2013 ADC BASE REDEVELOPMENT FORUM | PAGE 10 Talk to industry about KEY OCCUPATIONS Conduct a workforce study w/ supply & demand by OCCUPATION Bring Middle-School & High School stakeholders to the table Develop Targeted INCENTIVES

13. BIG SCIENCE but lightweight innovation Breakthroughs to commercialization is tough Regional knowledge Eco-Systems Research Parks, Incubators, & Venture Capital Map the social network of innovators & tech creators Local clusters need to be connected to global innovation hubs

14. Productivity Innovation New business formation

15. 2013 ADC BASE REDEVELOPMENT FORUM | PAGE 15 15 Human Capital Efficiencies  Clusters make recruiting skilled workers faster & cheaper  Clusters of sufficient size become “known” and attract regional, national, & global talent

16. 2013 ADC BASE REDEVELOPMENT FORUM | PAGE 16 16 Supply Chain Deeping  Specialized, niche suppliers  Financial & other specialty service providers

17. 2013 ADC BASE REDEVELOPMENT FORUM | PAGE 17 17 Knowledge Spillovers  Natural employee churn fosters idea sharing  Collaboration becomes easier/cheaper  Clusters can support research efforts

18. 3 ) Create Economic Development Initiatives Targeted Recruiting Economic Gardening 2 ) Map the Supply Chains 1 ) Identify Key Industries

19. 2013 ADC BASE REDEVELOPMENT FORUM | PAGE 19 19 If Its So Easy…

20. Daniel Meges Economist & Business Development Manager dan.meges@chmuraecon.com 804-432-2428 www.chmuraecon.com