The document discusses strategies for communities to leverage their hidden economic assets for development. It outlines examining a community's occupational clusters to identify strengths and considering metrics like innovation indices. Communities can focus on supporting growing small and mid-sized businesses, identified as key drivers of economic growth. Nurturing existing industry clusters through various forms of assistance is also discussed as an asset-based development approach.
Innovation in the Mining Industry – How does it Compare?NORCAT
Presented by NORCAT CEO Don Duval, this presentation provides an overview of the innovation landscape in Canada, current trends, and opportunities, as well as shares insights pertaining to the “innovation supply chain” in the mining industry and compare with other innovation models.
This is the first ever publication that introduced the term "Humantalents" in place of "Human Resources"
Author is the founder of Humantalents International
Cooperate cross industrial and take advantage of the next business opportunitiesMarc Borremans
Cooperate cross industrial and take advantage of the next business opportunities. Paper supporting Tekes BRIC workshops around the topic "business opportunities related to the migration of work and knowledge"
From April 1st, 2011 to March 31st 2012, the Partnership's SmartBusiness team consulted with 251 businesses in Halifax, NS, the majority of which were Small and Medium sized Enterprises (SMEs). This report is a compilation of the 213 retention visits to local businesses and their experiences with the Halifax economy. Retention visits cover a variety of issues ranging from: perceptions of the local business climate, to the company’s local workforce, to sales, even immigration issues.
Innovation in the Mining Industry – How does it Compare?NORCAT
Presented by NORCAT CEO Don Duval, this presentation provides an overview of the innovation landscape in Canada, current trends, and opportunities, as well as shares insights pertaining to the “innovation supply chain” in the mining industry and compare with other innovation models.
This is the first ever publication that introduced the term "Humantalents" in place of "Human Resources"
Author is the founder of Humantalents International
Cooperate cross industrial and take advantage of the next business opportunitiesMarc Borremans
Cooperate cross industrial and take advantage of the next business opportunities. Paper supporting Tekes BRIC workshops around the topic "business opportunities related to the migration of work and knowledge"
From April 1st, 2011 to March 31st 2012, the Partnership's SmartBusiness team consulted with 251 businesses in Halifax, NS, the majority of which were Small and Medium sized Enterprises (SMEs). This report is a compilation of the 213 retention visits to local businesses and their experiences with the Halifax economy. Retention visits cover a variety of issues ranging from: perceptions of the local business climate, to the company’s local workforce, to sales, even immigration issues.
This 2 day conference on Innovation in HR will be happening in Singapore 23-24 January 2013. Invitro Innovation is a sponsor of the event and will be delivering an Experiential Ideation session as well as selling our Innovation Provocation Cards at the event. See you there!
Maryland Association of CPAs special edition town hall / Professional Issues Update for Business, Industry, Education, Government & NFP CPAs. Delivered to 200+ CFOs, Controllers, CPA Decision-makers on March 21, 2012 in Timonium, Maryland.
Conference_for_International_Engineers_Don_Duval_SfC_Mar30_2012Skills for Change
Prior to joining MaRS, Don worked with clients in life science, health care and consumer business sectors for a global management consulting firm. He was also part of a successful start-up company and is on the board of the Queen’s Players Toronto Theatre Company and JUMP Math.
Read more:
http://www.skillsforchange.org/ite/2012/03/don-duval.html
With concern for the nation’s future, by giving the best to its surrounding, building the character, threading the path, follow one’s heart, using minds and thoughts, self aspiring and to others, Indonesia and the world
“1NDONESIA for 1WORLD”
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.
This 2 day conference on Innovation in HR will be happening in Singapore 23-24 January 2013. Invitro Innovation is a sponsor of the event and will be delivering an Experiential Ideation session as well as selling our Innovation Provocation Cards at the event. See you there!
Maryland Association of CPAs special edition town hall / Professional Issues Update for Business, Industry, Education, Government & NFP CPAs. Delivered to 200+ CFOs, Controllers, CPA Decision-makers on March 21, 2012 in Timonium, Maryland.
Conference_for_International_Engineers_Don_Duval_SfC_Mar30_2012Skills for Change
Prior to joining MaRS, Don worked with clients in life science, health care and consumer business sectors for a global management consulting firm. He was also part of a successful start-up company and is on the board of the Queen’s Players Toronto Theatre Company and JUMP Math.
Read more:
http://www.skillsforchange.org/ite/2012/03/don-duval.html
With concern for the nation’s future, by giving the best to its surrounding, building the character, threading the path, follow one’s heart, using minds and thoughts, self aspiring and to others, Indonesia and the world
“1NDONESIA for 1WORLD”
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.
Social Media as a Tool for Building an Alternative Economy in KRADD Communiti...Berea College
This invited presentation illustrates the value of small business digital marketing through a number of case studies executed over a five year period in the Kentucky River Area Development District (KRADD). The final case studies were developed after travels and observations of the HandMade in America trails in Western North Carolina to advance travel and tourism through a series of “persona travelers” based on Kentucky tourism research of how and where to spend 36 hours in the KRADD region. This presentation was for the KRADD monthly meeting on October 24th, 2012 in Whitesburg, KY.
Case Study: Cheez-Its & Aerobeds: Perspectives on creating a smarter networking organization
How the Chubb Corporation has used internal social networking to improve speed and accuracy of business information as well as increase employee engagement
Presented by: Jon Bidwell, Chief Innovation Officer, Chubb & Son
www.bdionline.com
There is an ever-increasing pressure for nonprofits to develop revenue models that are sustainable over the long-term. Funding continues to shift in this uncertain economy that, in turn, demands nonprofit leaders to intentionally assess, monitor and adapt their organizations’ revenue models in the changing environment. The goal of the session is to equip nonprofit leaders with the tools to plan, implement and adapt a revenue model that builds on the organization’s existing strengths and capacity.
We are all small fish in a big pond. It's all about the splash you make and how you make it. Work is Personal. Computing is Social. Knowledge is Power.
Developing a Coherent Social Strategy for Enterprise InnovationMilind Pansare
Social Business applications for the enterprise have long promised innovation as one of the desired use cases. In this Webinar, Charlene Li, Founder, Altimeter Group, and Milind Pansare, V.P. Product Marketing, Mindjet (Spigit), present customer use cases and strategies to enable repeatable business innovation with people, process and technology (enterprise innovation management software platforms).
The National Association of Development Organizations hosted a forum of regional innovation January 19 -21. These slides highlight the projects of economic development practitioners from around the country.
Brought to you by The Globe and Mail Report on Small Business in conjunction with Achilles Media, Small Business Summit is a one-day event, geared to entrepreneurs, to kick-start your small or medium enterprise to the next level.
Spotlight on female small business owners and entrepreneurship.
Strategic Doing: Designing and Achieving Measurable Workforce Development Obj...Scott Hutcheson, Ph.D.
Slides used on August 22, 2014 in Sellersburg, Indiana with civic leaders from the Ivy Tech Community College Southern Indiana Region/Indiana WorkOne Region 10 to develop a strategic action plan for a ready pipeline of workers for the region's manufacturing industry.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
1. Hidden Assets for Economic &
Community Development
Date, Location
Presenter’s Name, Title
• Learn about our community’s “hidden”
economic and community development
assets
• Understand how other communities are
building asset-based economic growth
strategies
• Consider how our community can better
leverage our own assets
• Rich soils
• Waterways: Lake
Michigan and the Ohio
River
• Crossroads of America
What were our community’s greatest economic
assets 100 years ago?
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 1
2. Hidden Assets for Economic &
Community Development
• Talent & Brainpower
• Innovation & Entrepreneurship
• New Narratives
• Quality, Connected Places
• New Ways to Collaborate
K-12 New Businesses
Workforce Training Small Businesses
Higher Education Growing Businesses
Capacity for Innovation
Partnerships Strategic Alliances New Models
Infrastructure
Storytellers
Broadband Social Media
Incubators
Heritage
Social Capital
Folklore
1. The Talent of Our People
2. Our Capacity for Innovation
3. Our Fastest Growing Companies
4. Our Most Vibrant Industries
5. Our Skills for Telling New Stories
6. Our Ability to Move Information &
Ideas
7. Our Capacity to Invest in New
Collaborations
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 2
3. Hidden Assets for Economic &
Community Development
• An “Occupational Cluster” is a group of
related occupations
• The Purdue Center for Regional
Development has defined 21 basic
Occupational Clusters
• Many communities have a higher
concentration than average of one or
more clusters
• Occupational Clusters can be part of an
economic development strategy
Bring together Information Technology
professionals to foster new ideas for high
tech start-ups
LQ = Location Quotient. The US LQ for each cluster is set at 1.00.
Anything above that means there is a greater concentration than the
overall US. For example, an LQ of 1.80 means that a cluster had
80% more jobs than the US.
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 3
4. Hidden Assets for Economic &
Community Development
• Did a look at Occupational Clusters give us
any new insights?
• What explanation might there be for our
occupational strengths?
• Do we need to find out more about our
Occupational Cluster assets?
• Capacity for Innovation can provide
valuable insights
• Innovation is defined as the new
products, services, processes, and
business models that get translated into
business growth
• The Purdue Center for Regional
Development has created an
Innovation Index
• The index is a simple way to look at
lots of different factors related to
innovation.
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 4
5. Hidden Assets for Economic &
Community Development
Think of “economic churn” as an asset and
launch a neighborhood-based
entrepreneurship program
Boone
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 5
6. Hidden Assets for Economic &
Community Development
• Did a look at Innovation Index give us any
new insights?
• Which of the index factors that showed good
capacity did you find most interesting?
• Do we need to find out more about our
innovation assets?
• Most economic growth comes from
2nd-Stage firms
– Privately-held firms
– 10-99 employees
– $750K-10 million in annual revenue
– Dealing with growth issues instead of
survival issues
– Intend and capacity to keep growing
• Help in re-articulating and realigning with their
Core Business Strategy
• Market Intelligence to answer important
questions
• Leadership & management team
development to makes sure people are
slotted right
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 6
7. Hidden Assets for Economic &
Community Development
Littleton, Colorado
• Littleton, CO developed and began to
execute the strategy in 1989
• Focused on “wealth” creation not “job”
creation
• Eliminated all incentives and tax breaks
for business recruitment
• Since 1989, more than doubled the
number of jobs from 15,000 to 35,000
• Sales tax revenue tripled from $6.8
million to $19.6 million
Establishments Jobs
Size of Firm Indy MSA Boone Indy MSA Boone
Self-Employed 35.6 37.9 6.2 9
Stage 1 (1-9) 55.4 55.1 28.5 39.3
Stage 2 (10-99) 8.4 6.6 35.0 34.5
Stage 3 (100-499) 0.5 0.4 15.3 17.3
Stage 4 (500+) 0.06 0.0 15.1 0.0
• What insights do we gain by considering the
role of second-stage in our local economy?
• What do we currently offer our second-stage
firms?
– Companies to Watch
– Participation in the Indiana Business
Growth Network
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 7
8. Hidden Assets for Economic &
Community Development
Industry Clusters can be
nurtured and supported
– Articulated
– Activated
– Accelerated
– Accessing
Appalachian Ohio’s Salsa Cluster
• 20-plus boutique salsa businesses in the region
• $700,000 annual sales among new businesses
• Trains over 200 existing and emerging entrepreneurs
annually
• 350 gallons and 445 lbs of fresh and preserved foods
delivered to the region’s food pantries each year
Cluster Boone Indy MSA
Electrical Equip, Appliance & Component Mfg 3.92 .95
Biomedical/Biotechnical (Life Sciences) 2.70 2.33
Glass & Ceramics 2.47 1.44
Agribusiness, Food Processing & Technology 2.00 .55
Machinery Mfg 1.92 1.27
Transportation Equipment Mfg 1.54 1.42
Advanced Materials 1.31 1.20
Apparel & Textiles 1.23 1.10
Chemicals & Chemical Based Products 1.17 1.17
Education & Knowledge Creation 1.13 1.02
Number of Establishments
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 8
9. Hidden Assets for Economic &
Community Development
Products that generate, distribute and use electrical power.
Electric Lighting Equipment Manufacturing establishments produce electric
lamp bulbs, lighting fixtures, and parts.
Household Appliance Manufacturing establishments make both small and
major electrical appliances and parts. Electrical Equipment Manufacturing
establishments make goods, such as electric motors, generators,
transformers, and switchgear apparatus. 0ther Electrical Equipment and
Component Manufacturing establishments make devices for storing
electrical power (e.g., batteries), for transmitting electricity (e.g., insulated
wire), and wiring devices (e.g., electrical outlets, fuse boxes, and light
switches).
• Did a look at Industry Clusters give us any
new insights?
• What explanation might there be for our
industry strengths?
• Do we need to find out more about our
Industry Cluster assets?
• Every community has a “narrative”
or a story that is being created.
• We need to pay attention to the
story we are telling ourselves and
the one those outside our
community are telling about us.
• We have the power to shape these
narratives.
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 9
10. Hidden Assets for Economic &
Community Development
L.A.’s Sunset Strip
• The Sunset Strip in LA
was in decline
• The ownership of the
famed “Roxy” nightclub
began using Twitter
• Others followed, a new
story emerged, and the
neighborhood has been
transformed
Just finished first night of full ensemble in Lebanon, Indiana. A week and a half of all
days left. First show June 21 in Indianapolis
Lebanon, Indiana probably needs this sign...
I'm at Starbucks in Lebanon…YEAH!
Aiden chilling in a tree in Lebanon, Indiana rest stop so smiley
Looking at a house in Zionsville today...
hope it's as solid as my realtor states!!
Congrats 2 the hard working constituents of District1. Zionsville Town Council
passed a resolution 2 remove the 865/Cooper Rd interchange!
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 10
11. Hidden Assets for Economic &
Community Development
Traditional Emerging
• Roads & Interstates • Sidewalks
• Rail • Trails
• Water • Bike Lanes
• Electricity • Civic Spaces
• Water & Sewer • Third Places
• Broadband
• WiFi
• Broadband availability contributes positively to population
growth.
• The more broadband providers in a given market the greater the
population and employment growth.
• Businesses with high-speed Internet connections report having
median annual revenues $300,000 more than businesses
without broadband.
• Broadband availability contributes positively to employment
growth especially in the following sectors:
– Management of companies & enterprises
– Utilities
– Professional, scientific, and technical services
Wall Street West
• Northeastern Pennsylvania as a hub for to
data backup services to New York City’s
financial institutions
• Fiber optic infrastructure from NYC to the
region
• Coordinated economic development strategy
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 11
12. Hidden Assets for Economic &
Community Development
• Number of broadband providers is higher than the
national average
– Nearly 80% of the county population can choose from 3 or
more providers compared to 31% of the US population
• Average speed of connection ranks 32nd among
Indiana’s 92 counties
• 90% of homes have broadband
Civic Infrastructure
• Cooperation
• Collaboration
• Innovation
Civic Infrastructure Continuum
Co-Creation
Co-Execution
Sharing
Resources
Sharing
Information
Mutual
Awareness
Acknowledgment Exploration Cooperation Collaboration Innovation
You have to walk before you run
Adapted from Collaboration Continuum from ACT for Youth
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 12
13. Hidden Assets for Economic &
Community Development
• Every community needs civic entrepreneurs.
• Even civic entrepreneurial ventures need “seed”
capital.
• Every community has the capacity to invest in civic
entrepreneurship and new collaborations.
“Civic entrepreneurs help communities collaborate to develop and organize their
economic assets and to build productive, resilient relationships across the public,
private, and civil sectors. They forge the ties that bind economy and community for
their mutual benefit.”
- Center for Community Economic Development, University of Wisconsin
• Millionaires and the Millennium report found that
between 1998-2052 $41 trillion in wealth will
transfer from one US generation to another.
• In 2005 the Indiana Grantmakers Alliance
commissioned a study on the transfer of wealth in
Indiana. The study was updated in 2010.
The Smiths have lived in rural Boone County their entire
lives and have been tremendous stewards of the
community. They have three grown children one of whom
lives in nearby Indianapolis and the others on the West
Coast. When they pass on their wealth, unless they have
made other arrangements, it will leave Boone County
forever.
• 2010 net worth of all Boone County households is estimated to be
$4.15 billion.
• Over the next 10 years (2010-2020), an estimated $1.7 billion will be
available to transfer between generations in Boone County households.
$6.24 billion over the next 50 years
• If just 5% of that amount were to be captured by local non-profit
organizations, such as community foundations, for the betterment of
Boone County communities, those organizations would realize $85
million. This same 5% capture over 50 years is an estimated $312
million.
• Using a conservative 5% annual rate of return on the endowment
amount could ultimately yield $4.25 million each year at the end of 10
years to support community economic development and other
charitable investments. After 50 years, approximately $15.6 million
would be generated each year. While never touching the principle.
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 13
14. Hidden Assets for Economic &
Community Development
Some communities have launched information
campaigns and enlisted the participation of financial
planners to share this opportunity with their clients.
Combining Assets in New and
Innovative Ways – Linking and
Leveraging
Medora, Indiana
+ + =
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 14
15. Hidden Assets for Economic &
Community Development
+ + =
No Single Big Strategy Many Modest Strategies
Capacity for Innovation
High Job/Pop Growth Ratio
Strong Occupational Clusters Economic Well-Being Second Stage Firms
Arts, Entertainment, Publishing & Broadcasting High Number of Small Establishments 6.6 of% all Establishments
Agriculture & Food Technology High Net Internal Migration 34.5% of all Jobs
Skilled Production Workers Growing Per Capita Income
Managerial, Sales, Marketing, & HR Growing Wages/Salary
Legal and Financial Services, & Real Estate Growing Proprietors Income
Healthcare & Medical Sciences (Practitioners &
Scientist
Strong Industry Clusters
Electrical Equip/Appliance/Component Mfg
Biomedical/Biotechnical (Life Sciences)
Good Broadband Infrastructure
Glass & Ceramics
Consumer Choice
Agribusiness Food Process. & Technology
90% of Homes are Connected
Machinery Mfg
Speed Near Top Third of the State
Transportation Equipment Mfg
Advanced Materials
Apparel & Textiles
Chemicals & Chemical Based Products
Education & Knowledge Creation
Transfer of Wealth Positive Buzz
Potential for over $15 million per year to Arts, High-End Retail, Responsive
invest in civic collaboration Government, Social Awareness,
Desirable Housing
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 15
16. Hidden Assets for Economic &
Community Development
• Occupational Clusters - http://www.statsamerica.org/innovation/data.html
• Innovation Index - http://www.statsamerica.org/innovation/data.html
• Second Stage Firms - http://www.youreconomy.org/
• Economic Gardening - http://www.littletongov.org/bia/economicgardening/
• Industry Clusters - http://www.statsamerica.org/innovation/data.html
• ACEnet (Salsa Cluster) - http://www.acenetworks.org/
• Twitter Search - http://twitter.com/#!/search-advanced
• Broadband Data - http://www.broadband.gov/
• Transfer of Wealth in Indiana - http://www.waynecountyfoundation.org/documents/ IndianaTransferofWealthUpdate.pdf
• National Maple Syrup Festival – http://www.nationalmaplesyrupfestival.com
• Purdue Guitar Summer Camp - http://metalsound.tech.purdue.edu/default.aspx
Contact
Name
Purdue Extension XXXXXX County
Economic & Community Development
Purdue Center for Regional Development
Address
Address
Phone
Email
Website
Purdue Extension, Economic & Community Development
Purdue Center for Regional Development 16