The document outlines a 'brainpower'-based economic development strategy that emphasizes identifying and leveraging unique human capital to drive innovation and productivity. It proposes creating connected environments for brainpower networks and crafting attractive narratives to draw in talent. Collaborative leadership is highlighted as a crucial element in implementing these strategies.

1. “Brainpower”-Based Economic
Development Strategies
Scott Hutcheson, Ph.D.
Purdue Center for Regional Development
Purdue Extension

2. Occupations
Workforce
Human Capital
Talent
Skills

3. Occupations
Workforce
Human Capital
Talent
Skills
Preschool
K-12
Com. College
University
LLL

4. Brainpower
Occupations
Workforce
Human Capital
Talent
Skills
Preschool
K-12
Com. College
University
LLL

5. Collaborative
Leadership

6. Kokomo’s “Brainpower”
Economic Development Strategy

7. Kokomo’s “Brainpower”
Economic Development Strategy
http://www.youtube.com/watch?v=vI9LpKVQEs4

8. Your “Brainpower”
Economic Development Strategy
1. Identify & leverage your
unique brainpower
Collaborative
Leadership

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. 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. 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. 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. 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.