SlideShare a Scribd company logo
explore the
future of
economic
development
with IEDC
iedconline.org/futureforum
the four
pillars
of future
economic
development
prosperity
1
Business Attraction
and Business Retention
and Expansion
Driving Reshoring and
Manufacturing Job Creation
Economic developers are anxious to support American
manufacturers, large and small.
Example: Walmart has a “Made in America”
initiative. By 2023, Walmart has pledged to purchase
approximately $250 billion in products that support
the creation of American jobs.
Skills2
workforce
development and
education
Companies are focused on workforce development.
Example: Mid America is initiating a workforce
development plan that revolves around on-site
training partners and active community outreach
to engage high school students and increase career
awareness around opportunities with businesses
operating in the park.
Example: Macy’s is making efforts to create a
corporate culture that facilitates the attraction and
retention of talent.
Talent Attraction and
Retention in the Distribution
and Logistics Industry
innovation3
supporting
entrepreneurship
and small business
Economic developer should act as a
broker of information and resources
needed by entrepreneurs by:
• Providing technical assistance, education,
and training
• Assisting with marketing, including gauging new or
existing markets
• Facilitating technology transfer
• Improving access to capital and help develop
financial alternatives
• Reducing disincentives and barriers to entrepreneurship.
Ease of entry into business is a primary determinant of
initial stimulation. Government regulations and community
attitudes often serve as early warning signs to would-be
business owners that the barriers are too great.
• Investing in basic infrastructure by building a network of
entrepreneurial service providers
• Providing recognition and awareness of successful
entrepreneurial ventures as a means of eliciting
community support.
• Providing tests for entrepreneurship and assess
client potential
• Providing legal information on permits, zoning laws, etc.
• Providing information on the market and demographics
• Highlighting and celebrating entrepreneurial success stories
in order to promote more community-based entrepreneurship
Economic developer should act as a
broker of information and resources
needed by entrepreneurs by:
Example: Dixie Agostino is the Founder and CEO
of SwtichGear. SwitchGear, a talent recruiting firm,
has been recognized in national publications as an
outstanding organization with limitless potential.
Example: Robin Smith is the Co-Founder and CEO
of WeGoLook. Her desire to bolster confidence in
purchase decisions by online consumers led her
to found WeGoLook, a crowd-sourced verification
platform utilized across every industry, the
“uber of inspections.”
Supporting Women
Entrepreneurs
livability4
Economic and
Community
Transformation
Example: The George Kaiser Family
Foundation has been instrumental in the
development of A Gathering Place for Tulsa.
A Gathering Place for Tulsa will transform
nearly 100 acres of Tulsa’s waterfront along
the Arkansas River into a dynamic and active
space and will serve as the largest private
donation for a public park in U.S. history.
The Role of Place in
Economic Development
hot topics
and trends
in the future
of economic
development
Communities Taking Flight
Women in STEM Industries
The Healthcare Industry
Immigrant Entrepreneurs
Collaborating for Shared Prosperity
Staying Young ForeveR
Water + Energy + Food = Prospects
Data Matters in Site Selection
Becoming a Magnet for Corporate
Headquarters
Intermodal Transport
Growing a healthcare industry in your community
pay dividends – not only for the strong growth
potential of the industry, but because accessible
and affordable healthcare is an important
prerequisite in company location decisions. The
focus for the healthcare industry in the coming
years will be on offering better value, access and
outcomes, and these trends will be evident in the
types of real estate needed, partnerships created,
technology utilized and workforce trained.
Dual Imperative: Using Healthcare
as a Catalyst for Growth
Young professionals have a vested interest in
seeing their communities become excellent
places to live, work and play. Many EDOs have
been facilitating and nurturing the development
of young professional organizations, and have
seen positive changes in economic development
as a result. From serving as an advocate and
voice in attracting new businesses, to being a
magnet for attracting additional talent to your
city, well organized young professional groups
can boost the economic activity and quality of
life in their communities.
All for One, and One for All:
Harnessing Young Energy to
Empower Your Community
Intermodal Transport:
Laying the Path for Economic
Development Opportunities
Efficient intermodal systems to move goods from
one location to the next are essential to building
and maintaining strong economies. Economic
developers with an established intermodal
cluster in their communities, and those looking
to develop them, should be aware of the trends
impacting this industry -- trends including
consumers’ affinity for e-commerce, the role of
technology in the transportation and logistics
industry, and the needs of companies that are
reshoring jobs from overseas.
5 more
reasons you
should attend
iedc’s 2016
economic
future forum
1. professional development
	 opportunities
1. professional development
	 opportunities
2. hear from the biggest names
	 in economic development
economic
future
forum will
feature
over 60
speakers
Principal Chief
Cherokee Nation
Tahlequah, OK
bill john baker
For Baker’s full bio visit our
website: www.iedcevents.org/
FutureForum/Speakers.html
iedc’s 2016 economic future
forum speaker spotlight
1. professional development
	 opportunities
2. hear from the biggest names
	 in economic development
3. numerous networking
	 opportunities
1. professional development
	 opportunities
2. hear from the biggest names
	 in economic development
3. numerous networking
	 opportunities
4. a chance to experience and
	 explore tulsa, ok
iedc is offering different
tours around the city
1. professional development
	 opportunities
2. hear from the biggest names
	 in economic development
3. numerous networking
	 opportunities
4. a chance to experience and
	 explore tulsa, ok
5. save on registration until
	 may 13
for more
information
visit:
iedconline.org/
futureforum

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The Pillars of Future Economic Development

  • 1. explore the future of economic development with IEDC iedconline.org/futureforum
  • 4. Driving Reshoring and Manufacturing Job Creation Economic developers are anxious to support American manufacturers, large and small. Example: Walmart has a “Made in America” initiative. By 2023, Walmart has pledged to purchase approximately $250 billion in products that support the creation of American jobs.
  • 6. Companies are focused on workforce development. Example: Mid America is initiating a workforce development plan that revolves around on-site training partners and active community outreach to engage high school students and increase career awareness around opportunities with businesses operating in the park. Example: Macy’s is making efforts to create a corporate culture that facilitates the attraction and retention of talent. Talent Attraction and Retention in the Distribution and Logistics Industry
  • 8. Economic developer should act as a broker of information and resources needed by entrepreneurs by: • Providing technical assistance, education, and training • Assisting with marketing, including gauging new or existing markets • Facilitating technology transfer • Improving access to capital and help develop financial alternatives • Reducing disincentives and barriers to entrepreneurship. Ease of entry into business is a primary determinant of initial stimulation. Government regulations and community attitudes often serve as early warning signs to would-be business owners that the barriers are too great.
  • 9. • Investing in basic infrastructure by building a network of entrepreneurial service providers • Providing recognition and awareness of successful entrepreneurial ventures as a means of eliciting community support. • Providing tests for entrepreneurship and assess client potential • Providing legal information on permits, zoning laws, etc. • Providing information on the market and demographics • Highlighting and celebrating entrepreneurial success stories in order to promote more community-based entrepreneurship Economic developer should act as a broker of information and resources needed by entrepreneurs by:
  • 10. Example: Dixie Agostino is the Founder and CEO of SwtichGear. SwitchGear, a talent recruiting firm, has been recognized in national publications as an outstanding organization with limitless potential. Example: Robin Smith is the Co-Founder and CEO of WeGoLook. Her desire to bolster confidence in purchase decisions by online consumers led her to found WeGoLook, a crowd-sourced verification platform utilized across every industry, the “uber of inspections.” Supporting Women Entrepreneurs
  • 12. Example: The George Kaiser Family Foundation has been instrumental in the development of A Gathering Place for Tulsa. A Gathering Place for Tulsa will transform nearly 100 acres of Tulsa’s waterfront along the Arkansas River into a dynamic and active space and will serve as the largest private donation for a public park in U.S. history. The Role of Place in Economic Development
  • 13. hot topics and trends in the future of economic development
  • 14. Communities Taking Flight Women in STEM Industries The Healthcare Industry Immigrant Entrepreneurs Collaborating for Shared Prosperity Staying Young ForeveR Water + Energy + Food = Prospects Data Matters in Site Selection Becoming a Magnet for Corporate Headquarters Intermodal Transport
  • 15. Growing a healthcare industry in your community pay dividends – not only for the strong growth potential of the industry, but because accessible and affordable healthcare is an important prerequisite in company location decisions. The focus for the healthcare industry in the coming years will be on offering better value, access and outcomes, and these trends will be evident in the types of real estate needed, partnerships created, technology utilized and workforce trained. Dual Imperative: Using Healthcare as a Catalyst for Growth
  • 16. Young professionals have a vested interest in seeing their communities become excellent places to live, work and play. Many EDOs have been facilitating and nurturing the development of young professional organizations, and have seen positive changes in economic development as a result. From serving as an advocate and voice in attracting new businesses, to being a magnet for attracting additional talent to your city, well organized young professional groups can boost the economic activity and quality of life in their communities. All for One, and One for All: Harnessing Young Energy to Empower Your Community
  • 17. Intermodal Transport: Laying the Path for Economic Development Opportunities Efficient intermodal systems to move goods from one location to the next are essential to building and maintaining strong economies. Economic developers with an established intermodal cluster in their communities, and those looking to develop them, should be aware of the trends impacting this industry -- trends including consumers’ affinity for e-commerce, the role of technology in the transportation and logistics industry, and the needs of companies that are reshoring jobs from overseas.
  • 18. 5 more reasons you should attend iedc’s 2016 economic future forum
  • 20. 1. professional development opportunities 2. hear from the biggest names in economic development
  • 22. Principal Chief Cherokee Nation Tahlequah, OK bill john baker For Baker’s full bio visit our website: www.iedcevents.org/ FutureForum/Speakers.html iedc’s 2016 economic future forum speaker spotlight
  • 23. 1. professional development opportunities 2. hear from the biggest names in economic development 3. numerous networking opportunities
  • 24.
  • 25. 1. professional development opportunities 2. hear from the biggest names in economic development 3. numerous networking opportunities 4. a chance to experience and explore tulsa, ok
  • 26. iedc is offering different tours around the city
  • 27. 1. professional development opportunities 2. hear from the biggest names in economic development 3. numerous networking opportunities 4. a chance to experience and explore tulsa, ok 5. save on registration until may 13