National Trends And Best Practices In Local Economic Draft 4.1
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Session given by Della Rucker, Mark Barbash and Jim Kinnett at Ohio APA conference, October 2011.
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National Trends And Best Practices In Local Economic Draft 4.1
- 1. Della G. Rucker, AICP CEcD The Wise Economy Workshop Jim Kinnett, CEcD, FM, EDFP The Kinnett ConsultingS Group Mark Barbash, FM Economic Development Consultng
- 2. Whatis Local Economic Development? Best Practices and National Trends How is your community doing? What you can do to help your community improve?
- 3. Della Rucker Jim Kinnett Mark Barbash
- 4. Economic development is acting to ensure that the economy of your community or region (your income or savings) grows faster than your population (your expenses) so you have the extra resources in the future to finance improvement.
- 6. Public-private organizations Chambers City departments Regional organizations State organizations Neighborhood, downtown, community development organizations Increasingly, you.
- 7. Never waste a good crisis!
- 8. Cuts at state AND federal levels Stress on operating ED budgets
- 9. New ways to collaborate Restructuring of state and local ED partnerships What’s the future of incentives?
- 10. Changing State Roles • Wisconsin • Florida • Ohio Localand regional groups adjusting to the new reality
- 11. Ambivalence/Disconnect over manufacturing Re-shoring in some industries, but it’s not the same Pressure to improve efficiency The right skills for the right job.
- 12. Web –enabled site selection Globalcompetition - even for small communities
- 13. Critical need for retention and expansion
- 14. Musthave a fully qualified workforce
- 15. New types of work and spaces Increasing importance of small businesses (but not just any) Changing ways to do business Freelancer Economy
- 16. StrategicDoing vs. Strategic Planning Increasedfocus on skill and workforce development EconomicGardening vs. Entrepreneurship
- 17. “The knowledge economy…” Everyone’s in the innovation business Connect to higher education. Importance of places that matter.
- 18. Online networks and communication Speed & reach of ideas Crowdsourced finance
- 20. Is your economy growing faster than your population? • Economy: Income, savings, wages, • Population: Count, demographic, and the costs of serving the population Incomegreater than your expenses?
- 21. A-list Do you have adequate fiscal resources to meet short-term needs? Do you have adequate fiscal resources to meet long-term needs? Is the community maintaining the number &quality of jobs? Is the community dependent on one or a small number of businesses?
- 22. B-List Is your environment improving?’ Is your crime activity increasing? Do you have housing that your residents can afford, and a range of housing choices available? Is educational attainment improving?
- 23. C-List Is leadership strong in your Do your have strong community? transportation systems? Is tolerance, diversity and interest strong in your Is there social community? harmony in the Community? Do you have a strong healthcare delivery system?
- 24. Town A: Litmus Item High Medium Low Short term fiscal strength? X Not dependent on one /small # X businesses? Quality of jobs? X Educational attainment? X Lack of crime? X Housing cost? X Leadership? X Diverse range of people? X
- 25. Town B: Litmus Item High Medium Low Short term fiscal strength? X Not dependent on one /small # X businesses? Quality of jobs? X Educational attainment? X Lack of crime? X Housing cost? X Leadership? X Diverse range of people? X
- 26. Strategic Perspective Tactical Opportunistic Organized Delusion Clueless Apathy Hostile Waters
- 27. Talk to each other Prod the economic developers to talk to each other Tear down the walls between you and them Make all plans in real partnership
- 28. Beaccountable to the public Pullthem into the conversations to help you find the best answers How? Stay tuned….
- 29. Della Rucker, AICP, CEcD James Kinnett, CEcD, FM, EDFP The Wise Economy Workshop The Kinnett Consulting Group www.wiseeconomy.com www.kinnett.biz Della.rucker@wiseeconomy.com Jim@kinnett.biz 513.288.6613 812.290.5663 @dellarucker Mark Barbash, FM Della Rucker AICP CEcD Economic Development Consulting Also on LinkedIn and www.markbarbashconsulting.com Google+ mark@markbarbashconsulting.com Also on LinkedIn
Editor's Notes
- DELLA
- DELLAPlanner and economic developer, certified in both, focus on helping local governments and nonprofits make better decisions affecting the long-term economic health of their communities. To do that I provide consulting services, information, and toolboxesJIMKinnett Group advises and helps support economic development on both sides of the equasion. Helps national and international businesses with site selection, structures deals, and helps communities do intelligent planning for economic successMark Economic Development finance and policy specialist who has worked at federal, state and local levels. DirDev Columbus and ODOD.
- JIMKey points:There are lots of different definitions, this is one that we like. For example: is tax base growing faster than basic needs? Are number and types of jobs growing faster than demands on City revenue?
- Jim – so, what’s going on in this field?
- MARKHit this quick – there’s a lot of players in the field, and you probably have some of these in your community or region. But they all have different responsibiities, different people that they are responsible to, different limitations and different baggage. And as we increasingly understand how economic issues impact – and are impacted by– other community issues, you as planners have this as your responsibility, too.
- MARKSo what’s going on? Well, first, budget cuts are forcing….I was unable to validate the Saul Alinsky attribution.
- MARKBudget cuts are forcing tough decisions. Cuts occuring at both the state and federal levels, ending the practice of shifting costs to federal funding programs like CDBG, etc.
- MARKPlaceholder making a guess at what you might want. We might want to expand this and the other trends slides to one or two points per slide, perhaps with names or links to examples.
- MARKStates are changing how they market economic development and how they fund programs. They are forcing changes at the local levels as well.
- JIM
- JIM
- JIM
- DELLA
- I have suggested three topics that I think are trending. 1) Ed Morrison’s Stragic Doing is pushing groups to think about 1) Action Plans vs. Strategic Plans; 2) Identification of myriad multi-directional linkages instead of single direction linkages; and 3) a more free-wheeling action planning that is less hierarchical and more multi-dimensional2) With all of the complaints about companies having difficulty finding qualified workers, reemphasizing the push towards workforce3) Economic Gardening as a more sophisticated approach towards entrepreneurship and small business. I am able to talk about all three of these.
- Not sure I am happy with this
- Not sure I am happy with this
- JIM
- JIMHere’s my thought: “ as we talked about in the beginning, there may be a lot of players in your community who are supposedly doing economic development. How can you as a community tell if their efforts are making an impact? An increasingly important element of economic development is measuring the impact of economic development efforts. The basic formula is….”
- DELLA
- MARK?I am a little concerned that we need to be able to answer how you measure some of these… just make sure someone has an idea or example! Also be ready to explain the housing part – some communities are touchy on that. Planners are generally supportive of “affordable access to housing” and don’t mix that up with Section 8, but be prepared.
- JIMWe need to be prepared to explain a little preemptively about how these points tie back to and influence economic health. For this audience, we just need to reinforce their inherent sense of that connection, not pound it into the ground.
- JIM
- MARK
- DELLAImportance of these conversations not just for usual reasons, but to understand what’s really going on economically and the business world. But just letting them whine and complain at random ain’t going to give you or the Eds what you need. Need a new method, not same old tired stuff.