"Brainpower"-based Economic Development Stategies

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A few slides presented at the Spring Conference of the Indiana Economic Development Association. They followed a presentation on occupational data and focused on how knowing about a region's "brainpower" can help inform its economic development strategies.

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"Brainpower"-based Economic Development Stategies

  1. 1. “Brainpower”-Based Economic Development Strategies 2014 IEDA Spring Conference - Indianapolis Scott Hutcheson, Ph.D. Purdue Center for Regional Development Purdue Extension
  2. 2. Occupations Workforce Human Capital Talent Skills
  3. 3. Occupations Workforce Human Capital Talent Skills Preschool K-12 Com. College University LLL
  4. 4. Brainpower Occupations Workforce Human Capital Talent Skills Preschool K-12 Com. College University LLL
  5. 5. Collaborative Leadership
  6. 6. Kokomo’s “Brainpower” Economic Development Strategy
  7. 7. Kokomo’s “Brainpower” Economic Development Strategy http://www.youtube.com/watch?v=vI9LpKVQEs4
  8. 8. Your “Brainpower” Economic Development Strategy 1. Identify & leverage your unique brainpower Collaborative Leadership
  9. 9. Your “Brainpower” Economic Development Strategy 1. Identify & leverage your unique brainpower 2. Translate that brainpower into innovation and productivity in the marketplace Collaborative Leadership
  10. 10. Your “Brainpower” Economic Development Strategy 1. Identify & leverage your unique brainpower 2. Translate brainpower into innovation and productivity in the marketplace 3. Develop quality connected places where brainpower networks can develop Collaborative Leadership
  11. 11. Your “Brainpower” Economic Development Strategy 1. Identify & leverage your unique brainpower 2. Translate brainpower into innovation and productivity in the marketplace 3. Develop quality connected places where brainpower networks can develop 4. Create an exciting new narrative that attracts new brainpower Collaborative Leadership
  12. 12. Your “Brainpower” Economic Development Strategy 1. Identify & leverage your unique brainpower 2. Translate brainpower into innovation and productivity in the marketplace 3. Develop quality connected places where brainpower networks can develop 4. Create an exciting new narrative that attracts new brainpower 5. …repeat Collaborative Leadership
  13. 13. References Barro, R. J., Caselli, F., & Lee, J. W. (2013). Symposium on human capital and economic development: an introduction. Journal of development economics, 104, 181-183. Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013). Human capital and regional development. The Quarterly Journal of Economics, 128(1), 105-164. Hutcheson, S. (2008). ED 2.0: Innovation-based Revitalization Efforts. Illinois Institute for Rural Affairs. Merkel, B. (2010). COINS: An economic development tool for education, economic and workforce development in Open Source Economic Development. Procedia-Social and Behavioral Sciences, 2(4), 6516-6531. Morrison, Ed. The New Opportunities for Rural Development. Illinois Institute for Rural Affairs, 2007.

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