Innovate 2015 | GREATER MSP Summer Investor Meeting
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Innovate 2015 was presented at the GREATER MSP Summer Investor meeting on June 23, 2015 at the Crowne Plaza in Saint Paul.
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Innovate 2015 | GREATER MSP Summer Investor Meeting
- 2. AGENDA WELCOME INNOVATION & REGIONAL INDICATORS BUSINESS UPDATE &TALENT INITIATIVE Michael Langley | CEO, GREATER MSP Joe Nayquonabe | CEO, Mille Lacs CorporateVentures Timothy A.Welsh | Director, McKinsey & Co. Michael Langley | CEO, GREATER MSP
- 3. &
- 4. JOB GROWTH IS UNDERWAY A total increase of 100,000 jobs in 2012 2017 100,000 25% Margin of Excellence 114,100 New Jobs 2015
- 8. TALENT INITIATIVE STRATEGIES SUPPORT INNOVATIVE TALENT IMPROVE SOCIAL INCLUSION
- 10. THE PROCESS THE TEAM 25+ Dashboards Reviewed (US & Global)
- 11. PROJECT DESCRIPTION A set of shared, objective metrics to track the Greater MSP region’s overall success on critical economic, environmental and social outcomes. • Clearer view of our competitive position today • Look ahead at our future with trends • Shared definition of “competitiveness” • Enhanced accountability for results WHAT:
- 12. BUILDINGTHE DASHBOARD OUTCOME Not input UNDERSTANDABLE Not technical CURRENT & ACCESSIBLE ACTUAL NUMBER, Not relative ranking METRO MEASURE comparable to peers PREDICTIVE, not backward- looking POTENTIAL to Influence through action
- 14. 11 PEER REGIONS Competitive Benchmarking BOSTON DALLAS AUSTIN ATLANTA CHICAGO PITTSBURGH DENVER PHOENIX SAN FRANCISCO SEATTLE PORTLAND MSP
- 15. WE ARE 4 OF 12 REGION San Francisco, CA Seattle, WA Boston, MA Minneapolis-St Paul, MN TOPPEERS AVERAGE RANK 4.32 4.58 4.79 5.03 Austin, TX Portland, OR Denver, CO CLOSE RIVALS 5.59 6.47 6.53 Dallas, TX Chicago, IL Atlanta, GA Pittsburgh, PA Phoenix, AZ MORE DISTANT 7.11 7.14 7.32 8.63 9.39
- 16. INFRASTRUCTURE - 3.7 LIVABILITY - 4 ENVIRONMENT - 4 ECONOMY - 6 TALENT - 6.2 BUSINESS VITALITY - 7 EDUCATION - NA MSP RANK BY CATEGORY
- 17. KEY LEARNING Competing well within a strong set of regions
- 21. GOAL UPDATES Total JobsTo Date | 2015 Total Capital InvestmentTo Date | 2015 Goal | $550MGoal | 5,250 YTD | 3,317 YTD | $490M
- 22. PROJECT HIGHLIGHT | AMAZON THE FACILITYWILL EMPLOY: 1,200 WORKERS
- 23. PROJECT HIGHLIGHT | POST / MOM BRANDS COLLABORATIVE SPIRIT & CREATIVE PROBLEM SOLVING LEDTO: 250 HIGH-WAGE JOBS RETAINED
- 26. TALENTRETENTION
- 27. WHAT WE’RE DOING • Develop common marketing tools and a digital platform that will sell our region to our prospective talent • Talent attraction group will:
- 28. TALENT SUMMIT
- 33. PANELISTS
Editor's Notes
- Thanks to so many people
- Region improvement, not marketing
- We want to measure those areas critical to achieving a more competitive region – one that is trending more equitable, global, sustainable and innovative. Because of stringent criteria, not everything worth measuring is on the dashboard For example, here are a few issues the partnership wanted to measure but couldn’t get a good metric: Foreign Direct Investment Capital investment Freight movement
- This is a challenge peer set – not easy competition If we are doing well against these regions, confidence we will be tracking with the most ascendant, globally competitive places See not the largest (NY, LA) and not just upper Midwest (Madison, Sioux Falls, Des Moines)
- The top 3 tell us a lot about what this dashboard measures: these are innovative, globally-recognized regions that are growing their populations and business base By the numbers, we are ahead of a second tier of regions that get lots of press as being great places – Austin, Portland, Denver – more evidence we need to proudly tell our region’s story Half of our peer regions are closely ranked Caution about limits of this ranking: assumes all metrics are equally important to our competitiveness, which they aren’t. And everyone has a slightly different view on the priority order But it gives us a clear, data-driven look at which regions we should recognize as leaders and those we should be watching as rising competitors
- Here’s how our region’s average scores stack up by category, Pretty clear break between categories of strength and areas needing improvement best overall on infrastructure and worst on business vitality A call to action for a business audience that economy, talent and vitality are all middling to lagging peers Education doesn’t factor into the averages because state tests were used to measure, not comparable to peers
- Young professional groups MSP businesses Cultural organizations Social service and philanthropy Higher education Government Major MSP events
- Region improvement, not marketing
- Region improvement, not marketing
- Region improvement, not marketing