“Brainpower”-Based Economic Development Strategies

Scott Hutcheson, Ph.D.Purdue Center for Regional Development

Purdue Extension

OccupationsWorkforce

Human CapitalTalentSkills

OccupationsWorkforce

Human CapitalTalentSkills

PreschoolK-12

Com. CollegeUniversity

LLL

Brainpower

OccupationsWorkforce

Human CapitalTalentSkills

PreschoolK-12

Com. CollegeUniversity

LLL

CollaborativeLeadership

Kokomo’s “Brainpower” Economic Development Strategy

Kokomo’s “Brainpower” Economic Development Strategy

http://www.youtube.com/watch?v=vI9LpKVQEs4

Your “Brainpower” Economic Development Strategy

1. Identify & leverage your unique brainpower

CollaborativeLeadership

Your “Brainpower” Economic Development Strategy

1. Identify & leverage your unique brainpower

2. Translate that brainpower into innovation and productivity in the marketplace

CollaborativeLeadership

Your “Brainpower” Economic Development Strategy

1. Identify & leverage your unique brainpower

2. Translate brainpower into innovation and productivity in the marketplace

3. Develop quality connected places where brainpower networks can develop

CollaborativeLeadership

Your “Brainpower” Economic Development Strategy

1. Identify & leverage your unique brainpower

2. Translate brainpower into innovation and productivity in the marketplace

3. Develop quality connected places where brainpower networks can develop

4. Create an exciting new narrative that attracts new brainpower

CollaborativeLeadership

Your “Brainpower” Economic Development Strategy

1. Identify & leverage your unique brainpower

2. Translate brainpower into innovation and productivity in the marketplace

3. Develop quality connected places where brainpower networks can develop

4. Create an exciting new narrative that attracts new brainpower

5. …repeat

CollaborativeLeadership

References

Barro, R. J., Caselli, F., & Lee, J. W. (2013). Symposium on human capital and economic development: an introduction. Journal of development economics, 104, 181-183.

Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013). Human capital and regional development. The Quarterly Journal of Economics, 128(1), 105-164.

Hutcheson, S. (2008). ED 2.0: Innovation-based Revitalization Efforts. Illinois Institute for Rural Affairs.

Merkel, B. (2010). COINS: An economic development tool for education, economic and workforce development in Open Source Economic Development. Procedia-Social and Behavioral Sciences, 2(4), 6516-6531.

Morrison, Ed. The New Opportunities for Rural Development. Illinois Institute for Rural Affairs, 2007.