Community Leadership Enhancement Project ECONOMICDEVELOPMENT Indiana.

Community Leadership Enhancement Community Leadership Enhancement ProjectProject

ECONOMIC ECONOMIC

DEVELOPMENTDEVELOPMENTIndiana

Community Leadership Enhancement ProgramCommunity Leadership Enhancement Program

ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT

A grant from Indiana Rural Regional A grant from Indiana Rural Regional Partnership Grant from the Indiana Partnership Grant from the Indiana

Rural Development CouncilRural Development Council

Grant Recipient Organization: (SWIDC)Grant Recipient Organization: (SWIDC)Southwest Indiana Development CouncilSouthwest Indiana Development Council

SWIDCSWIDCSouthwest Indiana Development Southwest Indiana Development

CouncilCouncil

SWIDCPO Box 953

Evansville, IN 47706

Phone: 812-547-8377

Fax: 812-547-8378

WEB: www.swidc.org

EMAIL: [email protected]

SWIDC:SWIDC: Southwest Indiana Development CouncilSouthwest Indiana Development Council

SWIDC is an economic development SWIDC is an economic development organization comprised of organization comprised of

representatives of fourteen counties representatives of fourteen counties in Southwest Indianain Southwest Indiana

www.swidc.orgwww.swidc.org

““Right now, in your community, at this Right now, in your community, at this very moment, there is someone who is very moment, there is someone who is

dreaming about doing something to dreaming about doing something to improve his/her lot. If we could learn improve his/her lot. If we could learn

how to help that person to transform the how to help that person to transform the dream into meaningful work, we would dream into meaningful work, we would be halfway to changing the economic be halfway to changing the economic

fortunes of the entire communityfortunes of the entire community.”.”---Ernest Sirolli---Ernest Sirolli

What is What is Economic Development?Economic Development?

........................................................................

..

There are many possible definitions for There are many possible definitions for economic developmenteconomic development

The best way to define it is based on your The best way to define it is based on your communities communities needsneeds,, challengeschallenges, and , and

opportunitiesopportunities

Economic DevelopmentEconomic DevelopmentSome Some Definitions to ConsiderDefinitions to Consider

Raising the level of prosperity and material living by Raising the level of prosperity and material living by increasing the productivity and efficiency of its economyincreasing the productivity and efficiency of its economyLocal availability of products and services desired by Local availability of products and services desired by residentsresidentsBroadening the tax baseBroadening the tax baseEmployment opportunitiesEmployment opportunitiesIncreasing physical and human capitalIncreasing physical and human capitalIncreasing economic standard of livingIncreasing economic standard of livingRetail and industrial developmentRetail and industrial development

Economic DevelopmentEconomic Development PUZZLE PUZZLE

Economic DevelopmentEconomic Development

Community LeadersCommunity Leaders

Community leadership activities are Community leadership activities are directly linked to economic developmentdirectly linked to economic development

Everyone has a unique definition of Everyone has a unique definition of economic developmenteconomic development

How do we define Economic How do we define Economic Development?Development?

Take a few minutes to discuss what Take a few minutes to discuss what economic development means to useconomic development means to us

Let’s create our own definition of Let’s create our own definition of economic developmenteconomic development

Economic Development is Economic Development is Everybody’s BusinessEverybody’s Business

Community leaders can enhance Community leaders can enhance economic development by cultivating economic development by cultivating partnershipspartnerships

Collaboration helps pool our scarce Collaboration helps pool our scarce resourcesresources

How Economic Development How Economic Development Impacts the Average Joe (or Jane)Impacts the Average Joe (or Jane)

More $$$ in the Average Joes’ PocketMore $$$ in the Average Joes’ Pocket

Increased Employment OpportunitiesIncreased Employment Opportunities

More opportunities to spend money More opportunities to spend money – HomesHomes– CarsCars– CollegeCollege

With a healthy economy everyone has more With a healthy economy everyone has more opportunity to put $$$ in their pocketopportunity to put $$$ in their pocket

How Increased Economic How Increased Economic Development Impacts the Local Development Impacts the Local

EconomyEconomy

Community officials have a larger Community officials have a larger revenue stream to build or rebuild revenue stream to build or rebuild infrastructureinfrastructure

Make Improvements that the Make Improvements that the community deems importantcommunity deems important

Example #1Example #1

Singing a Different SongSinging a Different Song

Where is the best place to locate Where is the best place to locate a premier, live national music a premier, live national music center?center?



You decide – Where is the best You decide – Where is the best place to locate a premier, live place to locate a premier, live national music center?national music center?



Where is the best place to locate a premier, Where is the best place to locate a premier, live national music center?live national music center?



The Branson, Missouri StoryThe Branson, Missouri Story


Nothing Ever Happens inNothing Ever Happens in Lincoln County Lincoln County

Minnesota - one of Minnesota - one of the poorest states in the poorest states in AmericaAmericaLincoln, poorest Lincoln, poorest county in Minnesotacounty in MinnesotaLongest running in Longest running in loosing population loosing population from 20,000 to 6,800from 20,000 to 6,800Oldest population in Oldest population in the statethe state


Look What Happened in Look What Happened in Lincoln CountyLincoln County

30 new businesses30 new businesses

Assisted 127 Assisted 127 existing businessesexisting businesses

Retained 55 jobs & Retained 55 jobs & created 71 jobs from created 71 jobs from a county with 3,000 a county with 3,000 workforceworkforce


Nothing Ever Happens in Lincoln Nothing Ever Happens in Lincoln County?County?

Hundreds of tall, graceful wind towers spread across Lincoln County, generating environmentally friendly electricity and bringing economic development and tourism to the county


Bricks to ChipsBricks to Chips

General Motors General Motors

General ElectricGeneral Electric

Example #3 Example #3

Bricks to ChipsBricks to Chips

Moving to High TechMoving to High Tech

– ALCOA built a $300 million plant in ALCOA built a $300 million plant in Danville Danville

– Systrand Presta Engines created 50 new Systrand Presta Engines created 50 new jobs in Danvillejobs in Danville

– Fiberteq – a $50 million joint venture Fiberteq – a $50 million joint venture resulted in 70 new jobs for Danville resulted in 70 new jobs for Danville residentsresidents

Fast Facts About Your Fast Facts About Your CommunityCommunity

Take a few minutes to complete the Take a few minutes to complete the Fast Facts QuestionnaireFast Facts Questionnaire

How Economic Development works inHow Economic Development works inADD YOUR LOCATION HEREADD YOUR LOCATION HERE

It starts with....It starts with....

Projects & Programs inProjects & Programs in ADD YOUR LOCATION HEREADD YOUR LOCATION HERE

......

Opportunities for LeadershipOpportunities for Leadership

Helping set & communicate the community Helping set & communicate the community visionvision

Insuring adequate tools for local economic Insuring adequate tools for local economic developmentdevelopment

Maintaining infrastructureMaintaining infrastructure

Communicating with legislative Communicating with legislative representatives & Governor’s officerepresentatives & Governor’s office

ResourcesResources

For leadership help…For leadership help…– Indiana Association of Cities & TownsIndiana Association of Cities & Towns– Association of Indiana CountiesAssociation of Indiana Counties– Indiana Economic Development CorpIndiana Economic Development Corp– Indiana Office of Community & Rural AffairsIndiana Office of Community & Rural Affairs– Private consultants (municipal finance & law Private consultants (municipal finance & law

firms) firms) – Stats Indiana www.statsindiana.eduStats Indiana www.statsindiana.edu

Questions/CommentsQuestions/Comments

We would like to thank you for We would like to thank you for attending the Leadership attending the Leadership Enhancement ProgramEnhancement Program

Please take a few minutes to Please take a few minutes to complete the program complete the program

evaluation!evaluation!

SWIDCSWIDCSouthwest Indiana Development Southwest Indiana Development

CouncilCouncil

SWIDCSWIDCPO Box 953

Evansville, IN 47706

Phone: 812-547-8377

Fax: 812-547-8378

WEB: www.swidc.org

EMAIL: [email protected]

Community Leadership Enhancement Project ECONOMICDEVELOPMENT Indiana.

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Transcript of Community Leadership Enhancement Project ECONOMICDEVELOPMENT Indiana.