Presented by Rob Camoin and Michael N'dolo at the NYSEDC 2017 annual conference.

1. Past, Present and Future Trends in
New York State Economic Development
NYSEDC Annual Conference
May 24th, 2017
Rob Camoin & Michael N’dolo

2.  Past, Present and Future of Economic
Development in NY
 What does a high functioning EDO look
like?
 Other State Organizations
 What should NYSEDC do to support its
members?
Agenda

3. “Shotgun”
Approach
UDAG, Small Cities, Microenterprise
Empire Zones
ESDC direct grants and loans
Easy to
Operate
Leads come in to county/state
Relatively free rein locally to operate IDAs/LDCs
Overall Somewhat stable environment
1. Past Economic Development in NY

4. 2. Present Economic Development in NY
DEFINITION:
Economic gardening is an
economic development model
that embraces the
fundamental idea that
entrepreneurs drive
economies.
 Constant change
 Broadening of Definition
 economic gardening
 workforce
 Quality of life
 Regionalization of
economic development
into REDCs
 Bulk funding programs like
URI/DRI in competitive
rounds
 Weaker Incentives
 Ex. Excelsior and Startup NY
vs Empire Zones
 Fewer general leads
coming in and ultra
competitive
 Intense public scrutiny and
regulatory oversight

5. Entrepreneurship
Tourism
1.
4.
3.
2.
5.
Typical EDO Functions
Business Retention & Expansion
Business Attraction
Workforce
6. And More….

6. Uncertainty
Automation
Death & Creation
of Jobs
Skills Gap
Fierce
Competition
Incentives,
workforce, taxes
Shifting
Business
Culture
Innovate or die
3. Economic Picture Today

7. Uncertainty will remain
Constant Education
Outsiders
Sell Our Value
Partnerships
Cultural Shift
4. Future Economic Development
Shift from “strategic planning” to “strategic
doing”
Local and state officials, NYSEDC members, NYS
legislature
Outside of NY, of our profession, of our knowledge
base, etc. and new funding models
How do we best measure what we do? What are
realistic outcomes?
Workforce development, town-gown, private-
public, EDO-municipal government
From parochialism to regionalism and
cooperation. Focus on “transformation”

8. 5. Best Practices: High
Functioning EDOs
Efficient
with
Funding
Creative
Risk Takers
Trust &
Respect
Driven by
Customer
Respond &
Adapt
Measure
Results &
Adjust
Strategic
Plan
Leadership
& Capacity
Strong
Alliances &
Networks
Communicate

9. 6. Other State Organizations: California
Communicate

10. 6. Other State Organizations: California
Communicate

11. 6. Other State Organizations: California
Communicate
 Programs/Activities:
 Webinars
 Introduction to Economic Development Certificate Program
 California Academy for Economic Development
 Regional trainings
 Economic Development Job & Career Center

12. 6. Other State Organizations: California
Communicate
 Programs/Activities:
 California Enterprise Development Authority
 Legislative liaison
 Local Economic Advisory Program
 Conferences

13. Welcome to Texas Economic Development Council
The Texas Economic Development Council (TEDC) is an
an Austin-based, statewide, non-profit professional
association dedicated to the development of economic and
and employment opportunities in Texas. Our diverse
members share a common goal -- bringing new
investment and jobs to Texas.
6. Other State Organizations: Texas

14. 6. Other State Organizations: Texas
 Networking
 Professional development
 Legislative representation
“Our objective is to
support the
economic growth of
Texas and develop
strategies that
promote a positive
business climate in
our state.” - TEDC

15. 6. Other State Organizations: Texas
 Communications
 Conference
 ED Sales Tax
 Education
 Forward Planning
 Legislative
 Membership
 PAC
 Transportation
 Water
 Workforce
Development
Committees

16. 6. Other State Organizations: Texas
 Sources of Funding = $850,000
 Member dues and event revenues cover 70%
 Grant funding
 Sponsors

17. 6. Other State Organizations: Texas
Communicate
Goal 1: Strengthen the economic development profession
1.1: Continue Successful Webinar Program
1.2: Host Two Peer Group Roundtables per Conference
1.3: Grow and Promote the TEDC Education Foundation
1.4: Sponsor Two Regional Luncheons Per Year
1.5: Study Feasibility of Creating a TEDC Blog

18. 6. Other State Organizations: Texas
Communicate
Goal 2: Promote a healthy business climate
2.1: Maintain Focused Legislative Strategy
2.2: Broaden Participation in the TEDC PAC
2.3: Strengthen and Support Team Texas
2.4: Increase External Marketing and Communication Efforts
to Promote TEDC Brand

19. 6. Other State Organizations: Texas
Communicate
Goal 3: Maintain strong leadership and financial
stability for the TEDC
3.1: Continue to Grow and Promote the TEDC Mentorship
Program
3.2: Explore New Membership Discount Options
3.3: Explore Availability of Grant Funding
3.4: Create a New Platinum Level Corporate Sponsorship
3.5: Benchmark TEDC Conference registration fees against
similar organizations
3.6: Conduct Exit Survey of Cancelled TEDC Memberships

20. Advocacy
Governance/Operational
B.
C.
7. What should NYSEDC do to support its
members in this environment of change?
Education ProgramsA.

21. State of the art
Certificate
programs
(IEDC’s CEcD)
Selling your
value to
stakeholders
Public
relations
What is the
“playbook”
How to get
people and
officials to
care/understand
7A. Education Programs

22. Promote tools that
make ED more
effective
Educate legislature
on out of state
information
• Legislative changes to enhance
competitiveness
• Tax increment financing (TIF)
• Sales tax funding model
• Programs
• System
• Approach
7B. Advocacy

23. Workforce
development
Statewide
partnerships
Career lattice work
Networking
Diversify the
board
Maximize
technology
solutions to
organize
members
7C. Governance/Operational

24. Questions

25. Robert Camoin
President & CEO
Camoin Associates
Phone: (518) 899-2608
Email: rcamoin@camoinassociates.com
Web: www.camoinassociates.com
Twitter: @CamoinAssociate
LinkedIn: www.linkedin.com/in/economicdevelopment