The Pillars of Future Economic Development

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EXPLORE THE FUTURE OF ECONOMIC DEVELOPMENT WITH IEDC iedconline.org/futureforum

Transcript of The Pillars of Future Economic Development

Page 1: The Pillars of Future Economic Development

explore the future of economic

development with iedc

iedconline.org/futureforum

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the four pillars

of future economic

development

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prosperity

1

Business attraction and Business retention

and expansion

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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.

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skills2workforce

development and education

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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

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innovation3supporting

entrepreneurship and small Business

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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.

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• 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:

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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

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livaBility4economic and

community transformation

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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

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hot topics and trends

in the future of economic development

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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

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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

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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

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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.

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5 more reasons you

should attend iedc’s 2016 economic

future forum

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1. professional development opportunities

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1. professional development opportunities

2. hear from the Biggest names in economic development

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economic future forum will feature over 60 speakers

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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

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1. professional development opportunities

2. hear from the Biggest names in economic development

3. numerous networking opportunities

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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

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iedc is offering different tours around the city

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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

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for more information

visit:iedconline.org/

futureforum