A Practitioner’s Perspective on Federal Policy and Opportunities for Local Economic Developers

A Practitioner’s Perspective onFederal Policy and Opportunitiesfor Local Economic DevelopersTEDC Winter MeetingJanuary 19, 2012

Federal Policy: Key Themes• Regional innovation• “Bottom-up” strategies• Breaking down silos• Increasing ROI• Metrics 19 January 2012 | TEDC Winter Meeting

Obama adds cabinet seat forSBA administrator, proposesmerging commerce agencies The Washington Post, 01/13/12 http://www.commerce.gov/americacompetes

Wordle™ of remarks prepared for delivery by John Fernandez, Assistant Secretary of Commerce for Economic Development, at the 18th Annual Conference of the National Association of Seed and Venture Funds in Arlington, Texas, on October 19, 2011. Source: http://www.eda.gov/NewsEvents/Speeches/Speech10192011_SeedAndVentureFunds_TX

16 agencies$37M combined funding$69M private investment4,800 new jobs4,000 trained workers300 new businesses http://www.eda.gov/InvestmentsGrants/jobsandinnovationchallenge

http://www.colorado.gov/cs/Satellite/OEDIT/OEDIT/1251595201376

http://nyworks.ny.gov

intermediary Northeast Ohio Speed‐To‐Market Accelerator will employ a step‐by‐step process to help accelerate the commercialization of products, increase the global competitiveness of cluster companies, attract additional private capital to the region, and attract students, incumbent workers, and the unemployed to educational and training programs.entrepreneurship workforce industry http://www.nortech.org/news-room/press-releases/northeast-ohio-winner-of-white-house-jobs-and-innovation-accelerator-challenge

Louisiana Tech “LA_i6” Proof of Concept Center to support and expedite the introduction of new “green” technology innovations from companies along the I-20 corridor in north Louisiana, south Arkansas, west central Mississippi, and northeast Texas into markets throughout the region and the nation. i6 Green WinnerFederal $ > academic research > intermediary > commercialization > entrepreneurship

Future Opportunities: How can EDCs be ready?• Form regional coalitions• Identify key clusters• Recruit employers to lead• Evaluate your “ecosystem”• Develop a strategy• Decide on metrics• Brief officials 19 January 2012 | TEDC Winter Meeting

START NOWIf you wait until you see the funding notice, it’s already too late.

Clusters: Existing Initiatives/Potential Partners http://www.clustermapping.us 19 January 2012 | TEDC Winter Meeting

Clusters: Making Your Case in Metropolitan Areas Traded (Exporting) Clusters in Using federally-funded tool Beaumont-Port Arthur, TX (cluster map) to demonstrate alignment with federal goals Potential Targets (regions, clusters, exports) http://www.clustermapping.us

Clusters: Making Your Case in Rural/Nontraditional http://www.statsamerica.org/innovation 19 January 2012 | TEDC Winter Meeting

Best Practices: Kansashttp://www.nado.org/growing-rural-innovation-based-economies-kansas-opportunity-innovation-network 19 January 2012 | TEDC Winter Meeting

Best Practices: Venture Development Check out profiles for case studies of VDOs in urban and rural areas, such as i2E in Oklahoma.http://regionalinnovation.org 19 January 2012 | TEDC Winter Meeting

Best Practices: Venture Developmenthttp://regionalinnovation.org 19 January 2012 | TEDC Winter Meeting

Federal Experience: Takeaways for Texas EDCs• Budget realities and politics are transforming regional programs—business as usual is over• Texas can be competitive if we are willing to think creatively about regional partnerships• Demonstrating viability of clusters in rural communities will be critical opportunity 19 January 2012 | TEDC Winter Meeting

Brian Kelseybrian@civicanalytics.com512-731-7851 http://civicanalytics.com @brianjkelsey facebook.com/economicdevelopment linkedin.com/in/brianjkelsey

A Practitioner’s Perspective on Federal Policy and Opportunities for Local Economic Developers

by Civic Analytics LLC on Jan 17, 2012

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A Practitioner’s Perspective on Federal Policy and Opportunities for Local Economic Developers — Presentation Transcript