The Pillars of Future Economic Development
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Transcript of The Pillars of Future Economic Development
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.
skills2workforce
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
innovation3supporting
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
livaBility4economic 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