MACE Enterprising States 2013 - Delore Zimmerman

373 views

Published on

Delore Zimmerman of Praxis Strategy Group gave this presentation to the Mid-America Chamber Executives on 5/8/13.

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
373
On SlideShare
0
From Embeds
0
Number of Embeds
56
Actions
Shares
0
Downloads
6
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • The 5 key policy areas for the project
  • We have often framed business climate using the acronym DURT
  • MACE Enterprising States 2013 - Delore Zimmerman

    1. 1. Enterprising States 2013Getting Down to Small BusinessMid-America Association of Chamber ExecutivesMay 8, 2013
    2. 2. Economic research, strategy & development companythat works with leaders, innovators & entrepreneursto create more competitive communities & companiesDelore Zimmerman
    3. 3. ENTERPRISING STATES PROJECT1. Which state policies have the biggestimpact on creating jobs?2. Are there best practices that states areputting into action to create neweconomic opportunities andprosperity?www.freeenterprise.com/enterprisingstates
    4. 4. Small Business Startups Stalled0%5%10%15%20%25%19821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010U.S. Employment in Firms Five Years Old and YoungerSource: U.S. Small Business Administration, Office of Advocacy, from data provided by theU.S. Census Bureau, Business Dynamics Statistics
    5. 5. Small Business Outlook Low-40-2002040608010012014020032004200420052005200620062007200720082008200920092010201020112011201220122013113-2812-323-119Wells Fargo/Gallup Small Business IndexOwners Ratings of Current Situation and Future ExpectationsWells Fargo/Gallup Quarterly Small Business Index
    6. 6. U.S. Chamber BusinessOutlook Survey 16% of small businesses addedemployees in the past year 82% feel the U.S. economy is headed inthe wrong direction January 2013: 54% expect outlook to getworse over then next year, up from 24%the previous October
    7. 7. Employment by Business Size, U.S. EconomySelf-Employed (1)Stage 1 (2-9)Stage 2 (10-99employees)Stage 3 (100-499)Stage 4 (500+)051015202530354045501995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010NumberofJobsMillionsSource: National Establishment Time Series
    8. 8. Small Business Growth & Vigor Minority-owned businesses Immigrant-owned businesses Women-owned businesses Baby boomers Self-employed & solo entrepreneurs
    9. 9. Energy & All Other Sectors10.1%2.3%Energy Jobs All other Sectors2010-2012
    10. 10. States and Small BusinessAll states have policies and programs toencourage entrepreneurs and support smallbusiness 30% increase in program funding 2012-13 Most states have loosely integratedprograms but some havecomprehensive, policies and programsintended to create “ecosystems” Many states are focusing on high-growthpotential firms with job generating capacity
    11. 11. PoliciesThatProduceEntrepreneurship& InnovationTalent PipelineExports &InternationalTradeBusinessClimateInfrastructureStates Impact Economic Growth & JobCreation in 5 Key Policy Areas
    12. 12.  Moratoria on new rules andregulations Fast-track permitting Eliminate rules, regulations andstatutes that are job-killing Impact statements for newlyproposed rules and regulations “One-stop” offices for stategovernmentBusiness Climate: DURT BustingMany states are bringing businessleaders to the table to help withregulatory and policy reforms
    13. 13.  Tax credits for:o Investors in startup and expandingbusinesseso Hiring employeeso Businesses in targeted industries, e.g.data centers Regulations tailored for targetedindustries, e.g. financial, energy, andvehiclesBusiness ClimateHighlights
    14. 14. Top Business Climate States144037201
    15. 15.  Focus on emerging growth companies, a.k.a.high-growth firms Economic gardening initiatives for expansionstage companies Technology-based economic developmentprograms; “ecosystem” initiatives Investment funding for startups and expansions University-business-government partnerships Business plan competitionsEntrepreneurship & InnovationBig shift towards entrepreneurship and growingexisting businesses.
    16. 16. Top Entrepreneurship & InnovationStates1527443842
    17. 17.  Expand access to broadband Target and incentivize specializedinfrastructure and equipment Upgrade ports & airports Establish state infrastructure banks andfunds Encourage Public Private Partnerships(PPP)InfrastructureSoutheastern states upgrading ports to trade withCentral and South America
    18. 18. Top Infrastructure States226421941
    19. 19.  Programs at colleges and universitiestailored to industry sectors and/or specificcompanies STEM initiatives – secondary andpostsecondary Middle-skill jobs that require less than a four-year degree InternshipsTalent PipelineEconomic development and workforce developmentsystems are becoming more integrated.
    20. 20. Top Talent Pipeline States136112210
    21. 21.  Training and support for companies todevelop their export skills and connect toforeign markets. Governors as international businessdiplomats –> door openers and deal closersto attract foreign companiesExports & International TradeSmall businesses are a major target for stateexport programs
    22. 22. Top Exports States2125122336
    23. 23.  Energy industries Reasonable regulations and taxes A pro-growth culture and attitude Strong talent pool and training systems Sound fiscal policy that invests in the basics- Governors providing high-level leadership tobuild local networks and internationalconnectionsTop Performing States
    24. 24. Top Performing States115101312
    25. 25. Conclusions After 4 YearsEach state has its own unique economicDNAA state can neither cut nor tax itself intocompetitiveness & prosperityTo simply proclaim an enterprise-friendlyenvironment is no longer adequate. A storymust be backedup by actions.
    26. 26. Using Enterprising StatesGovernor’s roundtable with businessleadersCustomized state reportPresentation at statewide chamber eventsor other business conferences
    27. 27. ACKNOWLEDGEMENTSDelore Zimmerman, Ph.D.Mark SchillMatthew LeiphonRyan AasheimZina KlapperJoel KotkinPresidentialFellow, ChapmanUniversity

    ×