1. Economic Development Council of Collier County Growing Great Ideas

2. Collier County Economic Development Objective of the Program Promote technological innovation and spur entrepreneurship, which supports industry cluster development and knowledge networks. County Strategic Goal To be the preferred location for innovative entrepreneurs.Growing Great Ideas 3. Economic Development in 60 Seconds 1 Increase the volume of Rest ofGood income into the region with competitive traded theMoneybusinesses that employ1World primary jobs. 2 Collier CountyTraded 2 Increase the velocity ofBusinessesNeutralmoney circulating in the region with localMoneybusinesses to create more jobs.Local Businesses3 3 Reduce income leaks by Bad reducing outside AnotherMoneypurchases and workers Brain Drain and who leave the area. Purchases RegionSource: Ed Morrison and I-Open, Distributed under a Creative Commons 3.0 attribution license.Growing Great Ideas 4. The Realities We FaceCommand and control will not work. No one can tell anyone else what to do.We are stuck on old thinkingTo transform, we will need new thinkingtogether. Growing Great Ideas 5. Growing Great Ideas 6. Who is our Customer? Growing Great Ideas 7. Economic Gardening Growing Great Ideas 8. Business Expansion & Attraction Growing Great Ideas 9. Regional Branding & Marketing Growing Great Ideas 10. Innovation Economics Think Differently. Act Differently. Change our conventional economic thinking. Innovation economics is based on the view that: innovation powers growth, and bold public-private partnerships to spur innovation are required. www.innovationeconomics.orgGrowing Great Ideas 11. Summary Move beyond traditional economic doctrine policies Need for a convergence in strategy, governance, innovation, and entrepreneurship. Lift skill sets of leaders Improve tools to diagnose competitive advantagesGrowing Great Ideas 12. Summary Keys to governance will be new policy incentives for catalyst organizations as conveners for innovation. Connect public research with areas best able to use it. Entrepreneurship will continue to be a priority.Growing Great Ideas 13. Thank you Economic Development Council of Collier County3050 North Horseshoe Drive, Suite 120Naples, FL 34105edc@enaplesflorida.com 239/263-8989Facebook EDC, Project Innovation Group, Economic Gardening Group Twitter.com/EDCCollierYouTube.com/EDCCollierGrowing Great Ideas