Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU...
-
Upload
reynold-reed -
Category
Documents
-
view
213 -
download
0
Transcript of Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU...
![Page 1: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/1.jpg)
Best Practices Promoting Economic Vitality
June, 28, 2011
Brenda SwartzSchool of Business
IU Southeast
![Page 2: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/2.jpg)
Capitalizing Upon Strengths
• Interstate connections– I-65, I-64, I-71• UPS Hub• Ohio River -- Clark Maritime Center• Crane Naval Base, Camp Atterbury, Muscatatuck
Urban Training Center, Ft. Knox• Multi-county, 2 state region -- U.S. State Dept sends visitors—cross border
issues• Metropolitan and Rural locations
![Page 3: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/3.jpg)
Economic Diversity
• Products – Biscuits, Bibles, and Barges• Firms adapt to change—products and
business model• Workforce adapts to change -- develop basket
of transferrable skills• Continuous upgrading of skills and technology• Education and Training critical to area
development
![Page 4: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/4.jpg)
Purdue’s College of Technology
• Collaborative programs with IU Southeast• Offer 5 Engineering Technology programs• Applied engineers design, test and produce
newest high technology products• 85% of graduates stay in this community• Encourages/supports growth of area firms and
contributes to attracting new firms
![Page 5: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/5.jpg)
IU Southeast• Established as an extension in 1941• Moved to Grant Line location in 1973• Offers an array of bachelor’s programs plus
graduate programs• --Graduate Business programs began 1991-92 Now has 240+ students. Graduates stay in the community. Residence halls opened in 2008; house 400
students; close to full occupancy - Exploring seminars/summer programs
![Page 6: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/6.jpg)
Best Practices Fostered by Businesses, Organizations and
Community Groups• School of Business CEO Roundtable on campus• CEO/Manager Roundtable—Scottsburg, Madison,
French Lick, Seymour• HelpNet Program –Faculty work with an area
business—limited project over 4-6 months• Sanders Speaker Series—national speakers• Management Development
![Page 7: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/7.jpg)
• Southern Indiana Rural Development Project- area south of I-70; 39 counties.-address issues common in rural southern IN Scope sewers, disposing of used fire
equipment. New Albany Urban Enterprise Zone—partners
with community groups. Southern Indiana Minority Enterprises
Initiative
![Page 8: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/8.jpg)
![Page 9: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/9.jpg)
Entrepreneur Support
• Venture Club—entrepreneurs and people interested in funding them get together
• Angel Advocates—created venue for high tech start-ups to present to qualified potential investors
• INnovation Angels—Purdue Technology Park Start up, High Tech firms roll out business
plans to potential investors
![Page 10: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/10.jpg)
• Limited number of IUS Graduate business students invited to hear presentations
• Exploring needs of potential investors -- Graduate students help investors with firm
due diligence? -- Faculty discuss a topic with potential
investors?Purdue Technology Research Park—currently
full
![Page 11: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/11.jpg)
Mid-America Science Park• Company left, City of Scottsburg bought the
property—112,000 sq ft on 63 acres• 36 wet/dry labs with flex space; 100 meg of
fiber—more if needed• 120 seat auditorium + 5 conference rooms
with video/phone conference equipment for education or product demonstration
• Scientific Compartmentalized Information Facility (SCIF)
• Rapid Prototype Equipment—3-D Plastic Printer, Mach 3 Water jet
![Page 12: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/12.jpg)
Support of Entrepreneurs--cont
• School of Business Entrepreneur Workshops –non-credit - multiple funding sources, on campus, off site locations - start-ups, expanding businesses, minority contractors,
non-profits• Curriculum expand to include classes in
Entrepreneurship
![Page 13: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/13.jpg)
• OCRA Programs—SWOT • Youth/Adult Mentor Entrepreneur Program -- Summer program -- Ages 13-19, examine their strengths,
develop a business plan around their strengths—identify skills, build self-esteem
-- Work with selected mentors -- Cross section of the community -- Youth develop a short business plan
![Page 14: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/14.jpg)
Optimizing Youth Potential• Clark County – Early Childhood Reading
Program—multi-year commitment of volunteers
• Increasing high school graduation rates --Harrison County program --Scott County—increased graduation rates
from 58% to 72% --Drop Out Prevention Task Force -- Experiential High School . Noah’s Ark—first time foster care
![Page 15: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/15.jpg)
Floyd County Youth Count
• Promotes building 40 Developmental Assets in youth—building blocks for healthy development (Search Institute)
• Youth with Assets less likely to have negative behaviors
• Increase in self-reported asset numbers• Applicable in business environment
![Page 16: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/16.jpg)
External Assets• Support—family, community, and school care about
young person, supportive adults• Empowerment – youth perceived as valued by
community, feels safe, given useful roles• Boundaries and Expectations—family, schools,
community, positive role models• Constructive Use of Time—Creative activities, youth
programs, quality time at home •
![Page 17: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/17.jpg)
Internal Assets• Commitment to Learning– engaged in school,
motivated to achieve, read for pleasure• Positive Values – caring for others, integrity,
honesty, responsibility, restraint• Social Competencies – plan and make choices,
interpersonal skills, resist peer pressure, conflict resolution, comfortable with people of different backgrounds
• Positive Identity – self-esteem, sense of purpose, optimistic about personal future
![Page 18: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/18.jpg)
• Community cares about its youth• Crusade for Children--$5.3 million raised for
special needs children - Volunteer firefighters compete to raise
money for children. Unique program
![Page 19: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/19.jpg)
Collaborative • Scott County Partnership--Businesses,
Educators, Elected Officials, and Faith Based Community
-- Address issues and capitalize on opportunities. Clearinghouse – assist families in need Food, clothing, household items, and money• Circles Program—Bridges out of Poverty --mentors and positive role models
![Page 20: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/20.jpg)
• Lunch Buddies– provide adult mentor• Community volunteers -- after school math
and science tutoring
• Personal Ethics—mayor took office, divested himself of potential conflicts of interest
--U.S. State Dept visitors from former communist countries had difficulty grasping this.
![Page 21: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/21.jpg)
Domestic & Global Market
• Get to know potential suppliers/partners/ customers
- Utilize business organizations, trade shows, community connections and civic groups
• Weak U.S. dollar becomes export opportunity• Assistance from U.S. Dept Commerce, Ex-Im
Bank, State of Indiana, IU Southeast, SBDC• Craft arrangements beneficial to both parties
![Page 22: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/22.jpg)
• Use of AmeriCorps program – staff programs and provide high education opportunities for participants
• Computer classes, GED program, technical training programs
• Advanced Manufacturing & Green Energy training facility
• Personal ethics—public official avoiding potential conflict of interest
![Page 23: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/23.jpg)
![Page 24: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/24.jpg)
• Idemitsu Lubricants—100% Japanese owned --Incoming Foreign Direct Investment• 140+ firms in Indiana are at least 10%
Japanese owned• Hire Indiana workers• Pay Indiana and Federal taxes• With weak U.S. dollar firms often do not take
profits back to Japan
• IN positioned for incoming Foreign Direct Investment
![Page 25: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/25.jpg)
Problems and Resolutions• Long term contract product price not consider
price of a base metal; price of base metal increased; firm continued to supply product; customer suggest adjustment of product price.
• NAFTA Documentation• Changing EPA Regulations--electroplating • Food Industry HAACP requirements• Traffic accident involving damage of goods—
CEO’s knew each other, issues resolved
![Page 26: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/26.jpg)
Compete, Cooperate, Collaborate• Competition—healthy, occasionally painful - base on feature other than price• Cooperate—organizations and programs
facilitate understanding (CEO Roundtable, One SI, Chambers, GLI)
• Collaborate—outsourcing Maintenance work • Clusters of industry groups—automotive,
wood products
![Page 27: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/27.jpg)
By-Products of Collaboration in Exporting to Japan
• Increased trust level—shared container load• Source from one another• Enrolled 5 year old son in Japanese language
program• Some adapt products for Japanese market• Learn Japanese culture by hosting Japanese
students• Long term business relations and friendships
![Page 28: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/28.jpg)
Cultural Issues/Opportunities• One community issued parade permits for VJ
Day and for Cherry Blossom Festival • IUS Cultural Center—”Saturday School,” work
with Crane House—pan Asian Cultural group - U.S. State Dept--Chinese language class for junior and senior high school students• Culture Kits—teaching aids for K-12 teachers,
housed in IUS Library• Host U.S. State Dept visitors—many become
leaders in their countries
![Page 29: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/29.jpg)
Economic/Financial Literacy• Concern over “survival skills”• School of Business, School of Education, a
local bank, New Albany Floyd County Library, and Jeffersonville Library
- Econ/Fin component for summer K-12 reading program
- 250 participate in Floyd Co; 200 participate in Clark Co.
• Program continues. Exploring Scott and Harrison opportunities
![Page 30: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/30.jpg)
• Junior Achievement - Sam Swope JA Biz Town – 5th graders - 1st year one firm paid for all Floyd Co 5th
graders to attend - Chase JA Finance Park – 8th graders. “Reality Store”. Economic Education workshop for teachers of
K-12 --age appropriate materials
![Page 31: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/31.jpg)
• Immigrants - IUS program to welcome New Neighbors in
the community - English language programs - Firms have signage in Korean/Spanish/English - IUS Mentoring program; Community groups. Helping Hand—After Katrina IN town
“adopted” a small, hard hit town
![Page 32: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/32.jpg)
Health Issues• Low health literacy may account for 5% of
health care costs annual annually (JAMA, April 2011)
• Hospital in Seymour doing community education in Scottsburg
• School of Nursing combating obesity—youth and adults
- Immunization and safety in rural areas• New insurance programs—member
participation in preventive measures
![Page 33: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/33.jpg)
Grass Root Approach to Indigent Health Care
• Tri-County Health Coalition, IU Southeast, and W. K. Kellogg Foundation
• Address minority and indigent health care needs
• Education, Early Intervention, Treatment, and Follow-up
• Win/Win Floyd Memorial Hospital expansion included provision for indigent, JCHC applaud use of ER, indigent have place to receive services
![Page 34: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/34.jpg)
![Page 35: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/35.jpg)
• 20 years later Tri-County Health Coalition still a grass roots organization with no paid staff
• Operates with a myriad of small grants• Food bank, close closet, conflict resolution,
Federal and State tax preparation, blood pressure, pet food
• Knowledge Office of W. K. Kellogg Foundation--amazed
![Page 36: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/36.jpg)
Recreation and Entertainment
• Paul W. Ogle Cultural and Community Center at IUS - serves 36,000 people annually (K-12 students,
adults, Children’s Series) - variety of artistic expressions and cultures - venue for political discussions, international visitors - provide free tickets to indigent groups
• l
![Page 37: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/37.jpg)
• Derby Dinner Playhouse, Cinemas, Community Theatre
• High school theatre performances• School and Community sports programs for
youth• YMCA of Southern Indiana—2 locations, many
programs
![Page 38: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/38.jpg)
![Page 39: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/39.jpg)
![Page 40: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/40.jpg)
![Page 41: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/41.jpg)
Best Practices• Examine community traits that foster and
encourage practices we have discussed• 40 Developmental Assets with an adult twist• Need succession planning—corporate and civic• Explore other communities; bring home the
best• Property Rights & Rule of Law
![Page 42: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/42.jpg)
And in the Future
• We want to be able to take down this…
![Page 43: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/43.jpg)
![Page 44: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/44.jpg)
… and put up this
![Page 45: Best Practices Promoting Economic Vitality June, 28, 2011 Brenda Swartz School of Business IU Southeast.](https://reader035.fdocuments.in/reader035/viewer/2022081603/56649e375503460f94b26b37/html5/thumbnails/45.jpg)