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Brad Whitehead's presentation at NOACA's Annual Summit, 2010


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Fund President Brad Whitehead was the keynote speaker at this year’s Northeast Ohio Areawide Coordinating Agency’s (NOACA) 11th Annual Summit in Cleveland on June 15. He spoke about the Fund’s work in helping to transform the region’s economy, with a particular focus on the need for regional land use planning.

Hundreds of representatives from cities, counties, metropolitan planning organizations, councils of government, regional planning organizations and economic development councils from throughout the United States were in attendance. The Summit was held in conjunction with the 44th Annual Conference and Exhibition of the National Association of Regional Councils.

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Brad Whitehead's presentation at NOACA's Annual Summit, 2010

  1. 1. Bradley W. Whitehead Fund for Our Economic Future Northeast Ohio Economic Transformation and Competitiveness in the Next Economy
  2. 2. Fund for Our Economic Future <ul><li>100+ philanthropies united </li></ul><ul><li>$75 million </li></ul>
  3. 3. Northeast Ohio Job Picture 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 115 110 105 100 95 90 Employment Index NE Ohio United States Employment, 1997 – 2007 1997 = 100 Year
  4. 4. Job Growth across the United States
  5. 5. An Economic Storm
  6. 6. Transformation <ul><li>Elements </li></ul><ul><ul><li>Regional </li></ul></ul><ul><ul><li>Integrated </li></ul></ul><ul><ul><li>Collaborative </li></ul></ul><ul><li>Obstacles </li></ul><ul><ul><li>Economies that are: </li></ul></ul><ul><ul><ul><li>Politically fragmented </li></ul></ul></ul><ul><ul><ul><li>Work silos </li></ul></ul></ul><ul><ul><ul><li>Geographic boundaries </li></ul></ul></ul>
  7. 7. <ul><li>We know what we need to do </li></ul><ul><li>We have a regional economic competitiveness agenda to get there </li></ul><ul><li>While money matters, it’s smarter investments not bailouts </li></ul><ul><li>Must scale, align resources </li></ul>We’re Fighting Back
  8. 8. Can a Leopard Change Its Spots?
  9. 9. Fund for Our Economic Future <ul><li>Why Philanthropy? </li></ul><ul><ul><li>Limited self interest </li></ul></ul><ul><ul><li>Risk capital </li></ul></ul><ul><ul><li>Constancy and stability </li></ul></ul><ul><ul><li>Convening </li></ul></ul>
  10. 10. Members of the Fund <ul><li>More than 100 foundations, organizations and philanthropists from across the 16 counties of Northeast Ohio </li></ul>
  11. 11. Where We’re Going <ul><li>Job growth </li></ul><ul><li>Income growth </li></ul><ul><li>Concentrated poverty </li></ul>1997-2007 1997-2007 Percentage of Population Below Poverty
  12. 12. Advance Northeast Ohio <ul><li>Aligning assets and investments to address strategic economic priorities: </li></ul><ul><ul><li>Business growth </li></ul></ul><ul><ul><li>Human capital </li></ul></ul><ul><ul><li>Racial and economic inclusion </li></ul></ul><ul><ul><li>Government collaboration and efficiency </li></ul></ul>
  13. 13. Entrepreneurial Activity <ul><li>2002: Entrepreneur magazine ranks community 61st out of 61 </li></ul><ul><li>2009: Entrepreneur magazine ranks Youngstown one of the top ten places to be an entrepreneur </li></ul><ul><li>2010: Fast Company magazine ranks Cleveland a “fast city” for entrepreneurial climate </li></ul>
  14. 14. It Takes a Village <ul><li>Shared understanding of need </li></ul><ul><li>Many players pursued </li></ul><ul><ul><li>Universities/hospitals, angel investors, venture firms, professional firms, civic leaders </li></ul></ul><ul><li>Government had critical role </li></ul><ul><ul><li>Issue 1 renewal </li></ul></ul><ul><ul><li>The Ohio Capital Fund </li></ul></ul><ul><ul><li>Funding from EDA </li></ul></ul>
  15. 15. Entrepreneurial Activity
  16. 16. Entrepreneurial Activity
  17. 17. Also… <ul><li>Reduce impediments to long-term economic growth </li></ul><ul><li>Sustain regional economic competitiveness work over the long-term </li></ul>
  18. 18. The Elephant in the Room <ul><li>Issue of spatial relationships is not going away </li></ul>
  19. 20. Percentage Growth Land Use
  20. 21. Government Costs <ul><li>$20 billion (15%) of GDP </li></ul>
  21. 22. Suboptimal investment of public resources <ul><li>What’s the preferred investment? </li></ul>
  22. 24. Hurdles for Collective Planning <ul><li>Forces driving negative cycle: </li></ul><ul><ul><li>No mandate </li></ul></ul><ul><ul><li>Silo’d responsibilities </li></ul></ul><ul><ul><li>No personnel </li></ul></ul><ul><ul><li>Public doesn’t understand/see collective opportunity </li></ul></ul>
  23. 25. Can the MPO “leopards” also change their spots? <ul><li>Reshape mandate – greater integration </li></ul><ul><li>New skill sets </li></ul><ul><li>New partnerships </li></ul><ul><li>Community engagement </li></ul>
  24. 26. Principles for Change <ul><li>Start where you can </li></ul><ul><li>Recognize our best collective interest </li></ul><ul><li>Understand systems costs </li></ul>
  25. 27. Next Steps <ul><li>This is system change </li></ul><ul><li>Find a lever – federal/state/other </li></ul><ul><li>Work with us – philanthropy can be effective boots on the ground </li></ul><ul><li>Let’s get going – now </li></ul>