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Broadband & Economic Development in NC

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Session presentation at NC Digital Government Summit: September 1, 2011

Published in: Technology, Economy & Finance
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Broadband & Economic Development in NC

  1. 1. NC Digital Government Summit ` Broadband & Economic Development in NC September 1, 2011Page 1
  2. 2. TBED?• So what is TBED?• Do “normal” people know what it means?• Is broadband really a good TBED model?Page 2 rockinghambusiness.org
  3. 3. Current Employment Environment Rockingham County Average Annual Unemployment Rate 16.0 13.9 14.0 12.9 RCBTC Launch 12.0 Mark starts to 10.0 8.9 think Jane has 8.0 7.7 8.0 7.4 suckered him! 7.0 6.6 6.2 5.9 6.0 4.8 4.0 2.0 Let the Good Times Roll! 0.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Annual Unemployment Rate (%)Page 3 rockinghambusiness.org
  4. 4. Shifting NC EconomyPage 4
  5. 5. Change Must Be Embraced • As new industries develop – Expect U.S.-based manufacturing to be short-term – As manufacturing is systematized • Companies seek cheap labor – Requires us to be able to: • Innovate • Test the Market • Scale Operations QUICKLY! • Improve Product • Cannibalize Product • RepeatPage 5 rockinghambusiness.org
  6. 6. Definition of Economic Development • The process of stimulating private investment through business attraction, creation, retention and expansion (A.C.R.E.) activities. – Source: NC Economic Development Administration • Save My Home – Source: RCBTC With Economic Development Without Economic DevelopmentPage 6 rockinghambusiness.org
  7. 7. Definition of TBED Save My Home… Using Technology Where & When It Makes Sense… And It Almost Always Makes Sense! Source: RCBTCPage 7 rockinghambusiness.org
  8. 8. Why is ED or TBED Necessary? • Creative Destruction • Economic Cycles • Growing Pains • Improved Processes = Fewer Employees • Automation/Technology = Fewer EmployeesPage 8 rockinghambusiness.org
  9. 9. Emerging Development Strategies in Rural Areas• Entrepreneurship & Self Employment• Amenity-based Tourism (nature/culture)• Care for the Elderly (longevity/silver economy)• High Value Agriculture (local food)• Renewable Energy Source: “Driving the Great Rural Renaissance: Regional Rural Innovation Charles W. Fluharty, President & CEO Rural Policy Research Institute; April 23, 2010Page 9 rockinghambusiness.org
  10. 10. Broadband as Effective TBED in Rockingham County “in the trenches” Gas e-Business Training Eggs ARRA Broadband Call Center Cows MBA ED BOA Poles Kids Rural Broadband REDI Entrepreneur-Focused Technology-Enabled Future-DrivenPage 10 rockinghambusiness.org
  11. 11. As You Embed TBED… Do you fake it till you make it? Measure it till they treasure it!Page 11 rockinghambusiness.org
  12. 12. Business & Job CreationPage 12 rockinghambusiness.org
  13. 13. Outputs/Traffic CountsPage 13 rockinghambusiness.org
  14. 14. Trend of Total Mentoring ServicesPage 14 rockinghambusiness.org
  15. 15. Distribution of Mentoring EffortsPage 15 rockinghambusiness.org
  16. 16. Trend of New Mentoring ClientsPage 16 rockinghambusiness.org
  17. 17. Trend of Client LoyaltyPage 17 rockinghambusiness.org
  18. 18. Business & Job Creation by QuarterPage 18 rockinghambusiness.org
  19. 19. Business Mentoring by QuarterPage 19 rockinghambusiness.org
  20. 20. Measure It Till They Treasure It Keep the Bosses Happy! Treasure Found!Page 20 rockinghambusiness.org
  21. 21. Let’s Go Save Our Home!!! Entrepreneur-Focused Technology-Enabled Future-DrivenPage 21 rockinghambusiness.org

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