Ohio Planning Assoc Trends And Best Practices In Ced
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Transcript of Ohio Planning Assoc Trends And Best Practices In Ced
Della G. Rucker, AICP CEcD
The Wise Economy Workshop
Jim Kinnett, CEcD, FM, EDFP
The Kinnett ConsultingS Group
Mark Barbash, FM
Economic Development
Consultng
What is Local Economic
Development?
Best Practices and National
Trends
How is your community doing?
What you can do to help your
community improve?
Della Rucker
Jim Kinnett
Mark Barbash
Economic development is acting to
ensure that the economy of your
community or region (your income or
savings) grows faster than your
population (your expenses) so you have
the extra resources in the future to
finance improvement.
Public-private organizations
Chambers
City departments
Regional organizations
State organizations
Neighborhood, downtown,
community development
organizations
Increasingly, you.
Never waste a
good crisis!
Cuts at state AND federal
levels
Stress on operating ED
budgets
New ways to
collaborate
Restructuring of state
and local ED
partnerships
What’s the future of
incentives?
Changing State
Roles • Wisconsin
• Florida
• Ohio
Local and regional
groups adjusting to
the new reality
Ambivalence/Disconnect
over manufacturing
Re-shoring in some
industries, but it’s not the
same
Pressure to improve
efficiency
The right skills for the right
job.
Web –enabled site
selection
Global competition - even
for small communities
Critical need for retention
and expansion
Must have a fully qualified
workforce
New types of work and
spaces
Increasing importance of
small businesses (but not
just any)
Changing ways to do
business
Freelancer Economy
Strategic Doing vs.
Strategic Planning
Increased focus on skill
and workforce
development
Economic Gardening vs.
Entrepreneurship
“The knowledge economy…”
Everyone’s in the innovation business
Connect to higher education.
Importance of places that matter.
Online networks and
communication
Speed & reach of ideas
Crowdsourced finance
Is your economy growing faster than your population? • Economy: Income, savings,
wages,
• Population: Count, demographic, and the costs of serving the population
Income greater than your expenses?
A-list Do you have adequate fiscal
resources to meet short-term needs?
Do you have adequate fiscal resources to meet long-term needs?
Is the community maintaining the number &quality of jobs?
Is the community dependent on one or a small number of businesses?
B-List Is your environment
improving?’
Is your crime activity increasing?
Do you have housing that your residents can afford, and a range of housing choices available?
Is educational attainment improving?
C-List
Is leadership strong in your community?
Is tolerance, diversity and interest strong in your
community?
Do your have strong transportation systems?
Is there social harmony in the Community?
Do you have a strong healthcare delivery system?
Town A:
Litmus Item High Medium Low
Short term fiscal strength? X
Not dependent on one /small #
businesses?
X
Quality of jobs? X
Educational attainment? X
Lack of crime? X
Housing cost? X
Leadership? X
Diverse range of people? X
Town B:
Litmus Item High Medium Low
Short term fiscal strength? X
Not dependent on one /small #
businesses?
X
Quality of jobs? X
Educational attainment? X
Lack of crime? X
Housing cost? X
Leadership? X
Diverse range of people? X
Strategic Perspective
Tactical Opportunistic
Organized Delusion
Clueless Apathy
Hostile Waters
Talk to each other
Prod the economic
developers to talk to
each other
Tear down the walls
between you and them
Make all plans in real
partnership
Be accountable to the
public
Pull them into the
conversations to help you
find the best answers
How? Stay tuned….
Della Rucker, AICP, CEcD The Wise Economy Workshop www.wiseeconomy.com [email protected] 513.288.6613
@dellarucker
Della Rucker AICP CEcD
Also on LinkedIn and Google+
James Kinnett, CEcD, FM, EDFP The Kinnett Consulting Group www.kinnett.biz [email protected] 812.290.5663
Mark Barbash, FM Economic Development Consulting www.markbarbashconsulting.com [email protected]
Also on LinkedIn