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Doing Transportation and Economic Development Differently

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During the 2017 National Regional Transportation Conference, Dawn Espe and Staci Headley, Region Five Development Commission, introduced the economic development framework WealthWorks, which focuses on rural wealth creation as an economic development strategy. In this session, the framework was applied to developing an understanding of assets relating to transportation and how to develop a value chain.

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Doing Transportation and Economic Development Differently

  1. 1. Dawn Espe, Regional Development Planner Staci Headley, Regional Development Planner Made possible by funding from USDA Doing Transportation and Economic Development Differently
  2. 2. Welcome Mission Statement: To enhance economic prosperity and quality of life for all residents of Cass, Crow Wing, Morrison, Todd and Wadena counties.
  3. 3. How did we get here?
  4. 4. Hub Network Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming California, Idaho, Oregon, Washington Minnesota Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont Kentucky, North Carolina, Ohio, Tennessee, Virginia, West Virginia Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, Texas
  5. 5. What is WealthWorks?
  6. 6. Identifying Assets INDIVIDUAL INTELLECTUAL SOCIAL CULTURAL NATURAL FINANCIAL POLITICAL BUILT
  7. 7. TIME FOR A BREAK
  8. 8. Mapping Value Chains
  9. 9. Building Demand and Engaging Stakeholders
  10. 10. Small Group Activity • ID a product or service • Develop a value chain • Red= Demand Partners • Yellow= Transactional Partners • Blue- Support Partners • ID gaps • How could you address these opportunities in a way that builds wealth? • Report out questions: • What did you learn? • What gaps/barriers/bottlenecks did you identify? • What strategies did you identify to build wealth?
  11. 11. Individual Reflection
  12. 12. NEXT STEPS • Who is missing from the room? Who else in the transportation world could benefit from this tool? • What additional research is needed? • Identify individuals/organizations for follow up • Brainstorm next steps
  13. 13. Thanks! For more information- Website- www.wealthworks.org Resources, contact info, location and specialty of hubs, videos

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