Building A Sustainable Local Economy: Fact & Fiction about Economic Development.
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Transcript of Building A Sustainable Local Economy: Fact & Fiction about Economic Development.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data: FACT
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data: FACT
Follow the Money: FICTION
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FACTS
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FACTS
1. It’s a global economy.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FACTS
1. It’s a global economy.
2. The pace is accelerating.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FACTS
1. It’s a global economy.
2. The pace is accelerating.
3. It’s driven by technology.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FICTION
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FICTION
1. There’s no global impact.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FICTION
1. There’s no global impact.
2. No noticeable change in pace.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Economic Environment FICTION
1. There’s no global impact.
2. No noticeable change in pace.
3. “We’re labor intensive.”
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FACTS
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FACTS
1. Retail: local, destination.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FACTS
1. Retail: local, destination.
2. Industry: diversified, single-source.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FACTS
1. Retail: local, destination.
2. Industry: diversified, single-source.
3. Government: local, regional, state, federal.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FICTION
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FICTION
1. “We’re a tourist economy.”
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FICTION
1. “We’re a tourist economy.”
2. “We’re an agricultural economy.”
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Know Your Local Economy FICTION
1. “We’re a tourist economy.”
2. “We’re an agricultural economy.”
3. “We’re a government economy.”
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FACTS
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FACTS
1. National may not apply locally.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FACTS
1. National may not apply locally.
2. County/university forecasts too abstract for local use.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FACTS
1. National may not apply locally.
2. County/university forecasts too abstract for local use.
3. Independent studies too focused for broad application.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FICTION
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FICTION
1. Gut forecasts make you sick.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FICTION
1. Gut forecasts make you sick.
2. Assumptions come from many personal experiences.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Follow the Data FICTION
1. Gut forecasts make you sick.
2. Assumptions come from many personal experiences.
3. Published studies are old when they hit the shelf.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Best Data FACTS
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Best Data FACTS
1. Empirical beats anecdotal.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Best Data FACTS
1. Empirical beats anecdotal.
2. Localized: precise solutions.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Best Data FACTS
1. Empirical beats anecdotal.
2. Localized: precise solutions.
3. Ongoing research.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Common Sources/Best Data FICTION
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Common Sources/Best Data FICTION
1. Public policy groups: research, self-interpreted.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Common Sources/Best Data FICTION
1. Public policy groups: research, self-interpreted.
2. W.A.C.E. surveys: members only.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
Common Sources/Best Data FICTION
1. Public policy groups: research, self-interpreted.
2. W.A.C.E. surveys: members only.
3. Local sampling: constant data flow.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
“How-to” Create It
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
“How-to” Create It
1. Use others’ data for your analysis.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
“How-to” Create It
1. Use others’ data for your analysis.
2. Collaborate to build a local R&D infrastructure.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
“How-to” Create It
1. Use others’ data for your analysis.
2. Collaborate to build a local R&D infrastructure.
3. Build your own R&D infrasturcture.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Desired Outcome
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Desired Outcome
1. Clarify the chamber’s role, identity.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Desired Outcome
1. Clarify the chamber’s role, identity.
2. Use the power of best data to become a broker of solutions.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development
The Desired Outcome
1. Clarify the chamber’s role, identity.
2. Use the power of best data to become a broker of solutions.
3. Syndicate: control & sell.
Building A Sustainable Local Economy:Fact & Fiction about
Economic Development