Regional Partners in Economic D E i Development l t• Regional Municipalities• Action C A ti Committee of 50 itt f• Access Atlantica• Bangor Region Development Alliance Alli• Target Development Corporation• Bangor Region Chamber of Commerce• TriCounty Workforce Investment Board
Initial Collaboration I iti l C ll b ti• EMDC as facilitator• Creation of network• Defining common goals• Recognizing the lack of a comprehensive strategy
The N t Th Network k• Natural evolution of a regional desire for progress• Restructuring to strengthen regional g p groups/organizations g • End of PVCOG • Creation of Norumbega Group
Mobilize Maine M bili M i• ConnectMaine • Fairpoint seed dollars• Regional approach t economic d R i l h to i development l t• Greater Bangor Region Mobilize Maine
Asset Based A A tB d Approach h• Asset Mapping Teams pp g• Data Collection• Short Term Wins/Strategic Initiatives
Asset Evaluation A t E l ti• Innovation Engineering Training • Eureka Ranch – Doug Hall • Fail Fast/Fail Cheap • Meaningful Use
Industry S t S l ti I d t Sector Selection• Existing Industry Identification g y• Emerging Industry Identification• Industry Leader Listening Sessions
Mobilize Maine Regional Vision g• Development of an asset asset- based regional vision• Bold goals with regional p participation p• Driven by private sector leadership
Our R i O Regional Vi i l Vision• By 2020, t e region’s economy g o s so t at t e peop e who live here e joy a median y 0 0, the eg o s eco o y grows that the people o e e e enjoy ed a household income equal to or greater than the national average.• We will transform the region’s economy by building on our strengths in forest p g y y g g products, , transportation, education, and recreational tourism and by capturing new opportunities in biomedicine, research and technology, business conferencing, and data transmission.• By working with one another, our region’s economy will be innovative, vibrant, and sustainable, fostering a robust and diverse community where people, young and old, choose to live, work and play.
Regional Vi i Ad ti R i l Vision Adoption• Community E C it Engagement t• Partner Participation
Shifting Business Development p• Business Visitation Pilot Project • Pilot Partners • Outcomes• Business Resource Center• WebCats
Comprehensive and Collaborative Economic C ll b ti E i Development• Internal Organizational Changes • Increased efficiency • Increased understanding• CEDS Process • Mobilize Maine Regional Vision’s Role • Private Sector P ti i ti P i t S t Participation
Including Regional P tI l di R i l Partners• EMDC’s internal changes affect relationships with regional partners i l t • Municipal economic development professionals • Network partners p
Why Regions M tt ? Wh R i Matter?• White House Memo to All• Agencies for FY2011 Budget: • “Many important challenges demand a regional Many approach. The Nation is increasingly a conglomeration of regional economies and ecosystems that should be approached as such. Federal investments should promote planning and collaboration across jurisdictional boundaries.”
Goal: Create a single regional strategic economic development plan supportedby private sector that not only satisfies federal agencies (such asEDA/DOL/WIA/HUD/DOT), but also provides direction for the region to achieveeconomic growth and sustainability.
Giving Mobilize Maine the Reins• Private sector engagement• Mobilize Maine leadership guidance• Letting those who li h L tti th h live here d id decide
Advancing Common g Strategies• Regional Vision Action Plans • Mid-point Mid point benchmarks• CEDS priorities p• Transportation/Tiger II• Livable Communities• Energy/Pathways• Workforce Development priorities
Single Regional Vision is the Key y• Measurable Action Steps by Sector• Measurable Benchmarks by Sector
Regional Vision Sample Objectives j• Tourism Industry • Develop workgroup to focus on development/upgrade of tourism facilities in the region by 3/30/2011 g y • Support BCVB in developing a comprehensive tourism database by 12/31/2011 that includes y attractions and potential developments. • Construction of a new conference/convention center capable of holding 1,500 attendees in multi- day event by 2014.
Emphasis E h i on C ll b ti Collaboration• Financial Capital Development p p • Local venture capital/Sidecar Fund creation• Environmental Capital Development • Asset-based prioritization• Human Capital Development • Business/Workforce integration
Continued Private Sector Engagement g g• Regular Mobilize Maine regional meetings• Development of additional regional Mobilize Maine efforts