Pop Quiz <ul><li>Where was the location of the “Inc. 1” company in 2007? </li></ul><ul><li>Where was the location of the f...
<ul><li>Our Region’s Economic Action Plan </li></ul><ul><li>November 6, 2008 </li></ul>>> Strategies & Initiatives Transfo...
Or …We still care about you, Joe!
Or: How I Learned To Stop Worrying And Love The Financial Meltdown
<ul><li>The Fundamental Question For Today:  </li></ul><ul><li>Why Will It Be Different This Time?   </li></ul>
1.  We are in the midst of a Fundamental Structural Change 2.  The “How” of This Change May Even Be More Important Than th...
YUCK!! HOW ARE WE DOING?
Basic Challenge: Industry Structure 31 of 36 major industries in slower growth manufacturing sectors 2000 - 2010 -100% -50...
What Others Look Like Seattle 1990 - 2000 -100% 0% 100% 200% -100% 0% 100% 200% Local Competitiveness 1990 - 2000 -200% -1...
Bucking the trend: Indianapolis Minneapolis Kansas City Employment Growth Leaders and Laggards 1995-2005
<ul><li>Question </li></ul><ul><li>What is most important in driving the needed change? </li></ul>
Ingredients to Change <ul><li>Economic Vibrancy is a  Function of: </li></ul><ul><li>Innovation & Commericialization </li>...
Essential Propositions 1.  We are in the midst of a fundamental structural change 2.  The “How” of this change may be even...
Question What is different in the planning environment since the 1980s?
What do these organizations have in common? Al-Qaeda Distributed, network-based innovative leadership working in pursuit o...
<ul><li>What does that mean for us? </li></ul>Alignment……Not Control! A Movement……Not a Directive! The Old Way: >> Stateme...
Preserving Rural Quality of Life Two concerns One solution: Regional Planning/ Revenue Sharing Restoring Prosperity to Urb...
Essential Propositions 3. There is a plan – and it is working 1.  We are in the midst of a fundamental structural change 2...
Collaborate to Compete
<ul><li>Our Goals: </li></ul><ul><li>Exceed national average in per capita income and employment growth </li></ul><ul><li>...
Goals Jobs  Income  Poverty Target What Matters: Four Priorities for Action Vision Priorities Business Growth & Attraction...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
Ohio Innovation Fund In 2003, A Handful of Early Pioneers Early Stage Partners Glengary
In 2003, a Handful of Early Stage Venture Pioneers Oakwood Medical Investors Early Stage Partners Glengary Ohio Innovation...
In 2003, a Handful of Early Pioneers Oakwood Medical Investors Early Stage Partners Glengary Ohio Innovation Fund Draper  ...
Examples of Economic Transformation Global Center for Bioscience Innovation
Examples of Economic Transformation <ul><li>Global Center for Fuel Cells </li></ul><ul><li>Rolls Royce </li></ul><ul><li>H...
To Consider Does your business/organization strategy reflect the emerging industries? Does your Board reflect changing ind...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
Talent Development!!!! Moving from < High School to Associates degree has a ~$400,000 lifetime impact per person
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
To Consider What have you or your organization done to support internships/co-op programs? What are you doing to support l...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
To Consider What is your organization’s supplier diversity program? What sort of programs does your organization utilize t...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
 
Impact of No-Growth Sprawl
Rate of Growth for Local Government Spending vs. Other Economic Indicators 2002 1992 1 % 25 % 29 % 70 % Government Spendin...
Vision Priorities Business Growth & Attraction Talent  Development Racial & Economic Inclusion Government Collaboration & ...
To what degree are you  demanding  collaboration and efficiency among elected leaders? To what degree is your organization...
1.  We are in the midst of a fundamental structural change 2.  The “How” of this change may be even more  important than t...
Steps that you can take (As appropriate) align your organization’s  efforts with plan (professional and volunteer)  Pursue...
Question But how best to mobilize the network of leaders/ influencers (i.e. Leadership Cleveland)?
Could We … .. <ul><li>Becoming THE leading venture capital market between the coasts? </li></ul><ul><li>Be the Midwest lea...
More Information >> www.AdvanceNortheastOhio.org >>   Brad Whitehead President Fund for Our Economic Future 216-925-4901 b...
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Economic Development Presentation by Brad Whitehead

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Economic Development Presentation by Brad Whitehead

  1. 1. Pop Quiz <ul><li>Where was the location of the “Inc. 1” company in 2007? </li></ul><ul><li>Where was the location of the fastest growing privately held software company in 2007? </li></ul><ul><li>Where was the most active venture capital firm located? </li></ul>… BUT THEY DID OPEN A CLEVELAND OFFICE … AND JUMPSTART WAS THE 9 TH MOST ACTIVE Solon, Ohio The Mahoning Valley San Francisco, CA
  2. 2. <ul><li>Our Region’s Economic Action Plan </li></ul><ul><li>November 6, 2008 </li></ul>>> Strategies & Initiatives Transforming Northeast Ohio
  3. 3. Or …We still care about you, Joe!
  4. 4. Or: How I Learned To Stop Worrying And Love The Financial Meltdown
  5. 5. <ul><li>The Fundamental Question For Today: </li></ul><ul><li>Why Will It Be Different This Time? </li></ul>
  6. 6. 1. We are in the midst of a Fundamental Structural Change 2. The “How” of This Change May Even Be More Important Than the “What” 3. There is a Plan – And It’s Working 4. Success Hinges on Aligning And Mobilizing Our Most Precious (But Underutilized) Asset – You!! Essential Propositions
  7. 7. YUCK!! HOW ARE WE DOING?
  8. 8. Basic Challenge: Industry Structure 31 of 36 major industries in slower growth manufacturing sectors 2000 - 2010 -100% -50% 0% 50% 100% -100% -50% 0% 50% 100% Local Competitiveness National Performance
  9. 9. What Others Look Like Seattle 1990 - 2000 -100% 0% 100% 200% -100% 0% 100% 200% Local Competitiveness 1990 - 2000 -200% -100% 0% 100% 200% -200% -100% 0% 100% 200% 300% 400% Local Competitiveness Austin San Diego 1990 - 2000 -100% -50% 0% 50% 100% -300% -200% -100% 0% 100% 200% 300% Local Competitiveness
  10. 10. Bucking the trend: Indianapolis Minneapolis Kansas City Employment Growth Leaders and Laggards 1995-2005
  11. 11. <ul><li>Question </li></ul><ul><li>What is most important in driving the needed change? </li></ul>
  12. 12. Ingredients to Change <ul><li>Economic Vibrancy is a Function of: </li></ul><ul><li>Innovation & Commericialization </li></ul><ul><li>Entrepreneurship </li></ul><ul><li>Educational Attainment </li></ul><ul><li>Racial & Economic Inclusion </li></ul><ul><li>Legacy Costs (e.g., Government Fragmentation) </li></ul>
  13. 13. Essential Propositions 1. We are in the midst of a fundamental structural change 2. The “How” of this change may be even more important than the What”
  14. 14. Question What is different in the planning environment since the 1980s?
  15. 15. What do these organizations have in common? Al-Qaeda Distributed, network-based innovative leadership working in pursuit of aligned goals
  16. 16. <ul><li>What does that mean for us? </li></ul>Alignment……Not Control! A Movement……Not a Directive! The Old Way: >> Statement of interest >> Ordained vision >> Governing entity Power concentrated with the few The New Way: >> Recognition of aligned interests >> Shared vision >> Collaboration >> Institutions oriented to act on aligned interests Power Diffuse
  17. 17. Preserving Rural Quality of Life Two concerns One solution: Regional Planning/ Revenue Sharing Restoring Prosperity to Urban Cores <ul><li>Mayors </li></ul><ul><li>Urban Leagues </li></ul><ul><li>Urban Universities </li></ul><ul><li>Social Services </li></ul><ul><li>Agriculture </li></ul><ul><li>Preservationists </li></ul><ul><li>Townships </li></ul><ul><li>BioEnergy </li></ul>An Example:
  18. 18. Essential Propositions 3. There is a plan – and it is working 1. We are in the midst of a fundamental structural change 2. The “How” of this change may be even more important than the “What”
  19. 19. Collaborate to Compete
  20. 20. <ul><li>Our Goals: </li></ul><ul><li>Exceed national average in per capita income and employment growth </li></ul><ul><li>Reduce core city poverty under 20% </li></ul>
  21. 21. Goals Jobs Income Poverty Target What Matters: Four Priorities for Action Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Business Growth & Attraction
  22. 22. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Assist high-growth entrepreneurs Support innovation, technology commercialization to build growth industries Strengthen existing industries Attract growing companies Initiatives to Advance Northeast Ohio
  23. 23. Ohio Innovation Fund In 2003, A Handful of Early Pioneers Early Stage Partners Glengary
  24. 24. In 2003, a Handful of Early Stage Venture Pioneers Oakwood Medical Investors Early Stage Partners Glengary Ohio Innovation Fund Draper Triangle Ventures Chrysalis CCF Innovations SunBridge Partners Mutual Capital Partners RiverFest Ventures Arboretum Arch Angels Radius Ventures In 2003, a Handful of Early Pioneers
  25. 25. In 2003, a Handful of Early Pioneers Oakwood Medical Investors Early Stage Partners Glengary Ohio Innovation Fund Draper Triangle Ventures Chrysalis CCF Innovations SunBridge Partners Mutual Capital Partners RiverFest Ventures Arboretum Arch Angels Radius Ventures LCCC Innovation Fund Everett Partners iNetworks Frantz Medical Ventures Case Tech Ventures North Coast Angels Open Prairie East Central Angels When we come together as a region, we are capable of great things!!
  26. 26. Examples of Economic Transformation Global Center for Bioscience Innovation
  27. 27. Examples of Economic Transformation <ul><li>Global Center for Fuel Cells </li></ul><ul><li>Rolls Royce </li></ul><ul><li>HydroGen </li></ul><ul><li>Pacific Fuel Cell Group </li></ul><ul><li>GrafTech </li></ul><ul><li>www.fuelcellcorridor.com </li></ul>
  28. 28. To Consider Does your business/organization strategy reflect the emerging industries? Does your Board reflect changing industry structure (entrepreneurs, region, diversity)? What are you or your organization/company doing to support entrepreneurship? Have you helped fund Cleveland Plus?
  29. 29. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Target What Matters: Four Priorities for Action Business Growth & Attraction Talent Development Goals Jobs Income Poverty
  30. 30. Talent Development!!!! Moving from < High School to Associates degree has a ~$400,000 lifetime impact per person
  31. 31. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Prepare residents for present and future and future jobs Connect employers to qualified talent Initiatives to Advance Northeast Ohio
  32. 32. To Consider What have you or your organization done to support internships/co-op programs? What are you doing to support literacy and retraining? Has your school system addressed 21 st century skills? How are you or your organization civically involved in educational attainment?
  33. 33. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Target What Matters: Four Priorities for Action Business Growth & Attraction Talent Development Racial & Economic Inclusion Goals Jobs Income Poverty
  34. 34. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Grow minority-owned enterprises Expand access to educational, training and business opportunities Initiatives to Advance Northeast Ohio
  35. 35. To Consider What is your organization’s supplier diversity program? What sort of programs does your organization utilize to promote mentorship and advancement? How is your organization supporting the urban core and/or concentrated poverty?
  36. 36. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Target What Matters: Four Priorities for Action Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Goals Jobs Income Poverty
  37. 38. Impact of No-Growth Sprawl
  38. 39. Rate of Growth for Local Government Spending vs. Other Economic Indicators 2002 1992 1 % 25 % 29 % 70 % Government Spending Equals 10% of Region’s Economy This Cannot Be Sustained
  39. 40. Vision Priorities Business Growth & Attraction Talent Development Racial & Economic Inclusion Government Collaboration & Efficiency Implement regional planning to accelerate sustainable economic growth and enhance our quality of life Support government collaborations that strengthen economic competitiveness Initiatives to Advance Northeast Ohio
  40. 41. To what degree are you demanding collaboration and efficiency among elected leaders? To what degree is your organization acting regionally/collaboratively? To Consider
  41. 42. 1. We are in the midst of a fundamental structural change 2. The “How” of this change may be even more important than the “What” 3. There is a plan – And it’s working 4. Success hinges on aligning and mobilizing our most precious (but underutilized) asset – YOU!!! - But how do we do this? Essential Propositions
  42. 43. Steps that you can take (As appropriate) align your organization’s efforts with plan (professional and volunteer) Pursue/support collaborations that reinforce ANEO goals Back region-wide initiatives: join Fund/become ANEO partner
  43. 44. Question But how best to mobilize the network of leaders/ influencers (i.e. Leadership Cleveland)?
  44. 45. Could We … .. <ul><li>Becoming THE leading venture capital market between the coasts? </li></ul><ul><li>Be the Midwest leader in payroll expansion by building new industries? </li></ul><ul><li>Advance 100,000 adults to better jobs through education? </li></ul><ul><li>Ensure that every employer has access to the talent they need for growth within 60-90 days? </li></ul><ul><li>Become home to >100 minority-owned enterprises greater than $10 million? </li></ul><ul><li>Double the % of low income young people who earn a post-secondary degree? </li></ul><ul><li>Match urban expansion (and infrastructure growth) to economic and population growth? </li></ul>Yes We Can!
  45. 46. More Information >> www.AdvanceNortheastOhio.org >> Brad Whitehead President Fund for Our Economic Future 216-925-4901 bwhitehead @futurefundneo.org

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