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Humiston.monday

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  • 1. Committed to the future of rural communities Dr. Glenda Humiston, State Director Winning With Rural – Urban Partnerships Leveraging Regional Industry Clusters and Value Chains for Growth & Jobs
  • 2. • Funding and Technical Assistance for: – Business & Cooperatives Development – Community Facilities & Rural Utilities – Water, Sewer & Solid Waste Systems – Single, Multi-Family & Farmworker Housing FY 2012: $1.3 Billion CA Portfolio: >$8 Billion Committed to the future of rural communities
  • 3. January 2010 – 43 Forums •Over 1,000 Californians Participated •Consistent Recommendations Offered Throughout All of California •Strong Partnerships Emerged 1st Quarter 2011 – 58 Forums •Almost 2,000 Californians Attended •Update on Activities and New Economic Development Strategies •Strong Support Received •Many Requests for Collaboration Forums Produce Recommendations Committed to the future of rural communities www.rurdev.usda.gov/Reports/CA-JobsReport-Feb10.pdf
  • 4. Kauffman FastTrac® Survey June 2012 Biggest Obstacle To Starting A Company Is: Committed to the future of rural communities Only 2% of annual state job gains are business relocations; most are from: •expanding existing businesses – 42% •creating new companies – 56% Jed Kolko, September 2010, Public Policy Institute of California
  • 5. •Create Jobs! •Improve Distribution •Expand Access to New Markets Committed to the future of rural communities Regional Industry Cluster Projects • Enhance Goods Movement Strategy • Reduce Carbon Footprints SACOG Rural–Urban Connection Strategy Digital 395 Broadband Project
  • 6. Committed to the future of rural communities $1 billion manufacturing decrease in rural MN leads to loss of 1,043 jobs and $208 million in revenue in Twin Cities! If rural Minnesota’s manufacturing cluster grows 6% ($1 billion), the urban area picks up 16% of all jobs gained and 38% of additional output. Rural & Urban Areas Very Interdependent SOURCE: “Estimating Rural and Urban Minnesota’s Interdependencies”, Kate Searls, Minnesota Rural Partners, Inc., 2011
  • 7. Committed to the future of rural communities
  • 8. Committed to the future of rural communities
  • 9. New Distribution Models Feenstra, G., P. Allen, S. Hardesty, J. Ohmart, and J. Perez., “Using Supply Chain Analysis to Assess Sustainability of Farm-to-Institution Programs.” Journal of Agriculture, Food Systems, and Community Development Committed to the future of rural communities
  • 10. • Farmgate: $1.6 Billion • Indirect: $3.3 Billion • 21,000 Jobs Committed to the future of rural communities Shift Local Consumption to Local Production = More Jobs & Economic Growth!
  • 11. Agro-Tourism: A Motorcycle Rally on the Cattle Ranch to augment income! Committed to the future of rural communities
  • 12. SOURCE: “Local Works: Examining the Impact of Local Business on the Economy” Case Studies from Arizona, Hawaii, Maine, New York, Michigan and Wisconsin Capture the Multiplier Effect! Committed to the future of rural communities
  • 13. Committed to the future of rural communities
  • 14. Bio-Green Planet 300+ California Firms Producing an Array of Bio-Based Products February 2012: President Obama signs Executive Order Requiring Federal Agencies and Contractors to Utilize Biobased Products. Committed to the future of rural communities
  • 15. Commercial bioplastic is already made from cellulose – replacing petroleum-based plastics. USDA scientists developed means to ferment a broader range of cellulosic materials – enabling large scale commercial production. An estimated $375 billion market for chemical, plastic, and rubber products represents a substantial bioeconomy opportunity. Biodegradable Plastics from Biomass Committed to the future of rural communities
  • 16. Committed to the future of rural communities
  • 17. Committed to the future of rural communities Link Various California Technology Clusters
  • 18. • Coordinate economic development programs across the federal government. • Up to 25 communities will be awarded $200,000 in 2013 to create strategies and initiate public-private partnerships. • 5-6 communities will receive up to $25 million grants in 2014 from the EDA and supplemented by funding and additional resources from other federal agencies. Committed to the future of rural communities
  • 19. A public/private partnership driven by CEOs of leading North State businesses to support innovative growth companies. One of California’s 12 iHubs, and the only iHub focused on rural. Innovate North State’s 5-Year Vision is to have the North State recognized as the most economically competitive rural region in the U.S. by 2017. Committed to the future of rural communities 2013 NorCal Top 100 Manufacturers • Microphor, Inc. in Willits • Northcal in Ukiah
  • 20. Train Workforce & Entrepreneurs Committed to the future of rural communities
  • 21. Secretary Vilsack on the 2012 Farm Bill, October 24, 2012 “Every additional billion dollars of agricultural export sales helps to generate 8,400 jobs at home.” www.export.gov Committed to the future of rural communities
  • 22. Committed to the future of rural communities • Agriculture: food, fiber, open space, biofuels... • Forests: wood, habitat, water, carbon sinks... • Rivers/Coastal: fishing, food, tourism, energy... • Parks/Public Land: tourism, recreation, habitat... • Mining & Energy: solar, wind, geothermal, ore... “Working Landscapes” Targeted For Action at State Summit ~ $1 Trillion of California Economy
  • 23. •34 Ways to Access Capital •Recommendations on Policy and Resources •Over 130 top experts and activists representing financial institutions, private businesses, economic development organizations and government agencies pledged to implement! www.rurdev.usda.gov/Reports/CA-CalFOR.pdf Committed to the future of rural communities
  • 24. • California Organized Investment Network • State Assistance Fund for Enterprise – Business and Industrial Development Corporation (SAFE-BIDCO) • Tax-Exempt Industrial Development Revenue Bonds • Revolving Loan Funds • Lending Circles …and much more! Committed to the future of rural communities
  • 25. Purchasing cooperatives include: •Ace Hardware, •The Bike Cooperative, •Unified Grocers •and many more. Worker cooperatives include: •small bicycle & book stores, •a fair-trade coffee roaster, •a taxi company, •an engineering firm…and more Cooperatives Committed to the future of rural communities
  • 26. Direct Public Offerings Committed to the future of rural communities
  • 27. The U.S. has about 11,000 ESOP companies and about 11 million employee participants. Employee Stock Ownership Plans SOURCE: Pugh, W., Oswald, S. & Jahera, J., “The effect of ESOP adoptions on corporate performance: Are there really performance changes?” Managerial and Decision Economics, 21(5): 167, 2000 Committed to the future of rural communities ESOP companies, as a whole and by industry, tend to outperform their non-ESOP counterparts.
  • 28. Corporate Investment in Shared Value Committed to the future of rural communities
  • 29. Goal: $90 Million Funds Raised to Date: $270 Million New Model for Financing Regions and/or Sectors Committed to the future of rural communities
  • 30. California Community Capital Collaborative Committed to the future of rural communities
  • 31. California Citizens Hold $859 Billion in Retirement Accounts SOURCE: Employee Benefit Research Institute, May 2010 Data from Averaging National Statistics $43 Billion for Investment in California if… “Invest Local” Initiative Residents Bring 5% of Their Retirement Accounts Home Committed to the future of rural communities
  • 32. Committed to the future of rural communities Buy Local Invest Local Build Clusters & Value Chains Provide Infrastructure & Goods Movement
  • 33. YOU Provide the Intangible Capital! Committed to the future of rural communities Human Capital Experience Competencies Management Skills Workforce Knowledge Capital Information Research Processes Intellectual Property Social Capital Customers Vendors Partners Brands Reputation
  • 34. Committed to the future of rural communities Phone: 530-792-5800 www.rurdev.usda.gov/ca California Rural Development U.S. Department of Agriculture 430 G Street, Agency 4169 Davis, CA 95616