SE Michigan Quarterly Report


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A quarterly progress report by ED Coalition of SE Michigan

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SE Michigan Quarterly Report

  1. 1. Road to Renaissance Quarterly Progress Report October, 2007
  2. 2. ACTIONS STATUS NEXT STEPS HOME Road to Renaissance Quarterly Progress Report October 2007
  3. 3. 10/2007 PROGRESS REPORT <ul><li>MOBILITY </li></ul><ul><li>Extensive outreach to OEM ’ s Suppliers and Federal research organizations </li></ul><ul><li>Identifying specific technologies with highest potential for cooperative research and development or transfer applications to other sectors </li></ul><ul><li>Identifying sites for the location of the Center utilizing existing facilities </li></ul><ul><li>Funding opportunities being explored that would provide for the long-term sustainability of the Center </li></ul><ul><li>AEROTROPOLIS </li></ul><ul><li>A Public/Private Task Force was created by Wayne County Executive Bob Ficano to oversee the studies recommended in the Road to Renaissance Implementation Plan. The Task Force is comprised of over 30 members has already held two meetings </li></ul><ul><li>Two of the four recommended studies are underway: </li></ul><ul><ul><li>Benchmarking — Wayne County has hired global aerotropolis expert Jack Kasarda to conduct the benchmarking study; expected completion is November, 2007. </li></ul></ul><ul><ul><li>Detroit Renaissance has hired Jones Lang LaSalle to conduct the master development planning work; the contract is underway and completion is expected in early 2008. </li></ul></ul><ul><ul><li>There is a local government stakeholder group that meets regularly and is reviewing governance options among many other issues; they will also be heavily involved in the master planning work. </li></ul></ul><ul><li>DTE Energy has provided a loaned executive to serve as the aerotropolis project manager for the next year. </li></ul>
  4. 4. 10/2007 PROGRESS REPORT <ul><li>CREATIVE COMMUNITY </li></ul><ul><li>Five contracts have been awarded to launch the initiative, including: </li></ul><ul><ul><li>Conduct a creative business asset inventory putting the information in an accessible form via an online interactive map and a web portal. </li></ul></ul><ul><ul><li>Complete a development plan for the Creative Corridor, providing an integrated strategy for linking existing nodes of activity along the corridor. </li></ul></ul><ul><ul><li>Complete a creative business attraction strategy including an analysis of the existing Greater Detroit creative economy & an incentive and marketing strategy to attract companies to the Creative Corridor </li></ul></ul><ul><ul><li>Develop a Creative Corridor branding and marketing strategy that brands the entire Corridor and enhances the branding/marketing of existing nodes of activities along the Corridor. </li></ul></ul><ul><ul><li>Develop a strategy and identify the required elements to develop a Creative Business Accelerator within the Creative Corridor. </li></ul></ul><ul><li>An all vendor kick-off meeting was held where vendors were able to share their vision for the projects as well as share in a Q & A with key stakeholders from the Creative Community. </li></ul><ul><li>ENTREPRENEURSHIP </li></ul><ul><li>The region ’ s economic developers and business accelerators formed a coalition to advocate for funding at the federal and state levels. </li></ul><ul><li>Several meetings occurred to educate members of Congress, state legislators and state officials on the importance of our business accelerators and what they do. </li></ul><ul><li>Our state advocacy efforts have been less fruitful because of the state ’ s budget situation. The Coalition will be discussing a plan of action for 2008. </li></ul><ul><li>Detroit Renaissance has teamed with representatives from Oakland County and Ann Arbor who were each pursuing their own venture capital funds. </li></ul><ul><li>Together, the three groups have been successful in raising commitments totaling approximately $35 million toward the $100 million goal. We have made investment presentations to several companies that are still in the decision-making process and will be meeting with other companies this fall. </li></ul>
  5. 5. 10/2007 PROGRESS REPORT <ul><li>TALENT </li></ul><ul><li>The STEM initiative has been incorporated into the Federal Employment & Training Administration’s (ETA) Workforce Innovation in Regional Economic Development (WIRED) plan for SE Michigan. WIRED funding has been secured to expand the Detroit Area Pre-College Engineering Program (DAPCEP) and Project Lead the Way (PLTW) initiatives. </li></ul><ul><li>Partnerships have been formed to strengthen and expand STEM education and training in the region - The Society of Manufacturing Engineers, DAPCEP, PLTW, Eastern Michigan University are key groups that have been brought together. </li></ul><ul><li>STEM Training Academy has been formed through Eastern Michigan University to train teachers in STEM fields – this program was enabled through funding secured through the WIRED STEM initiative. </li></ul><ul><li>The internship initiative has been incorporated into the ETA’s WIRED plan for SE Michigan. WIRED funding has been secured to jumpstart the internship/apprenticeship initiative. Benchmarking of existing programs, information gathering, and exploring best practices currently underway. </li></ul><ul><li>Program to connect UM Engineering School students to tech related entrepreneurs in the region has been funded through WIRED . </li></ul><ul><li>The Post Secondary Education & Training initiative has been incorporated into the ETA’s WIRED plan for SE Michigan. WIRED funding has been secured to jumpstart the initiative. </li></ul><ul><li>COMMUNICATIONS </li></ul><ul><li>Numerous meetings have been held of the DNewsbureau Build Team, co-chaired by Cindy Pasky and Mary Kramer. Approximately 20 of the region’s leading communications professionals have vetted and refined the DNewsbureau concept and structure. </li></ul><ul><li>The DNewsbureau concept was presented to the region’s most influential media executives including the editors of the News and Free Press, local newspapers and television and radio news and operations. The concept was met favorably and valuable input was derived from the media leaders. </li></ul><ul><li>An extensive meeting was held among the co-chairs and staff with Mary Kay Poppenberg, founder of the Pittsburgh Office of Promotion. Similar initiatives were discussed and valuable counsel received. </li></ul><ul><li>The DNewsbureau has sharpened its focus to align with the initiatives of One D of which the Road to Renaissance is guiding the “Economic Prosperity” initiative. </li></ul><ul><li>Initial inquiries to members of the foundation community have been positively received and additional information has been sought. </li></ul>
  6. 6. 2010 2009 2008 Road to Renaissance Quarterly Progress Report October, 2007
  7. 7. Road to Renaissance Quarterly Progress Report October, 2007
  8. 8. Funds Raised By Project ORIGINAL BUDGET Road to Renaissance Quarterly Progress Report October, 2007