ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTERAPRIL 12th, 2013

WHO WE AREMissoula Economic Partnership is a broad, collaborative effort of more than 30 strategic partners and 80 business, individual and government investors, all of whom share a vision of a vibrant, growing and diversified regional economy in Western Montana.

WHAT WE DO

Missoula Economic Partnership serves as a centralized resource to accelerate the growth of existing and startup businesses and attract relocating businesses to Missoula County.

OURGOALS

• Create 2,500 new primary jobs, paying a sustainable wage rate of $37,000/year

• Increase capital investments by $150 million

• Encourage 25 new business startups with innovative or tech-related concepts

• Recruit 25 “best-fit” companies to relocate or expand to Missoula

OUR STRATEGY

BUSINESS EXPANSION & RETENTION

BUSINESS START UP

BUSINESS ATTRACTION

BUSINESS RETENTION & EXPANSION

The Partnership provides direct, prescriptive strategic planning consultation to local businesses. We direct specific programs aimed at helping businesses grow:

Business Visitation

A2B Business Mentoring – free, individualized mentorship from experienced business experts

Innovation Initiative

Air Service Task Force – low-cost carrier attraction, intrastate service expansion, with aim of reducing business travel costs

START UP ASSISTANCE

MEP Angel Network – connects Missoula-based investors with local, growing companies

Innovation Initiative – brings together a variety of businesses and entrepreneurs to connect with

one another and obtain guidance from seasoned business professionals

BUSINESS ATTRACTION

Life Sciences

Back Office & Creative Professional Services

Information Technology

Forest Products & Renewables

Manufacturing

STRATEGIC PARTNERSHIPS

Missoula Economic Partnership fosters connections between the business community and multiple strategic partners.

Our partners include public, private and nonprofit organizations.

RESOURCE EXAMPLE

Economic Gardening- Strategic marketing and high-level technical assistance grant for growth oriented entrepreneurs creating primary economic growth and jobs. Administered by BREDD.

Benefits to Businesses Strategic growth planning assistance and high-level market research

provided by qualified professionals, matched with companies based on areas of expertise

Objective recommendations provided by unbiased, third party service providers

Bridges are built among diverse resource providers and businesses, allowing for increased depth and breadth in networking, collaboration and innovation

Develop connections between businesses and the people and organizations that can help take them to the next level

END OF PART IQUESTIONS?

STATERESOURCES

“No amount of programmatic support will change a bad business

model into a good one.”

“Incentives are a race to the bottom.”

STATE FUNDING

Job Creation

Training

Planning

MONTANA PROGRAMS

• Big Sky Economic Development Trust Fund (BSTF)Category I & Category II

• Workforce Training Grant Program (WTG)

• Community Development Block Grant (CDBG)

• Montana Board of Investment Infrastructure Loan

• Montana Board of Investment Loan Participation

• Montana Technology Innovative Partnership (MTIP)

• Montana Board of Research & Commercialization

Technology (MBRCT)

• Indian Country Economic Development

• Micro-Business Loans

STATE (continued)

STATE (cont.)

• Growth Through Agriculture Grant

• Growth Through Agriculture Loan

• Small Business Innovative Research Grant

• Small Business Technology Transfer

FEDERAL FUNDING

STATE (cont.)

• Economic Development Revolving Loan Fund

• Small Business Administration 7A, 504, Int’l. Trade

• Rural Development Rural Business Coop

FEDERAL (Cont.)

STATE (cont.)

• Montana CDC

• City / County

• Angel

OTHER / ALTERNATIVE

STATE (cont.)

WHAT ARE YOUR MOST

EFFECTIVE TOOLS?

STATE (cont.)TELLING OUR STORY

STATE (cont.)

CUSTOMER SERVICE

STATE (cont.)BEST FIT INDUSTRIESTARGET INDUSTRIES FOR MISSOULA 12-19-11

INDUSTRY

Referenced by Garner

Report

Referenced by Statewide

Report

UM Programs (For

Workforce, Alum Connect)

Inc Magazine

US Dept Labor IBISWorld

What We Know

Anedotally Tabulation Comment

Missoula-Based Companies In This

Industries (See Assoicated Index)

HEALTH (Bioscience, Pharma, Research, Health Network Consolidation, Technology Related to Record Keeping…)  

Medical and Pharmaceutical Wholesaling 1 0 1 0 0 0 1 3 Biomedical and pharma doctorates from UM Appendix 1 - Medical Pharm 

Whls

Health Care practitioners and Technology 1   1 1 1   1 5 Streamlining patient care through digitized medical records, online hospital communications etc, virtual education

Appendix 2 - Healthcare & Tech

Personal Care and Service/Home Health Care     1 1 1 1 1 5 Cognitive fitness computer programs, Community Care Facilities for the elderly, Bill Moody, USDL #3 growth ind

Appendix 3 - Home Health Care

Bioscience/Biotechnology 0 1 1 1 1 1 2 7  In Garner Report under Creative Professional Services (computer systems design, marketing consulting, architectural services, physical engineering and biological research, advertising agencies). In spite of the substantive level of  industry related-activity in the western half of the state, Montana does not have amedical school. The significant issue facing the life science cluster is lack of risk capital.IBIS World shows 9.6% growth $86B Industry

Appendix 4 - Bioscience / Biotech

MESSAGING TO THE WORLD

Missoula EconomicPartnership provides one of the most comprehensive economic development websites. Visit our website for detailed community information, sector reports and other resources.

SPEAKINGTHE LANGUAGE

QUESTIONS& ANSWERS