Stronger Economies Together Regional Economic Development
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Transcript of Stronger Economies Together Regional Economic Development
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Stronger Economies TogetherRegional Economic Development
Session Two
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Reviewing Our Journey
• What did you tell your friends and associates about your experience in Fallon?
• How were you feeling about SET and it’s Launch?
• What was your take-home message?
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Session Overview• Define economic development• Review major trends & impacts• Define our region & determine key
features for success• Create an effective regional team• Build a successful regional
collaboration
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GROUP GUIDING
PRINCIPLES
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PARKING LOT
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DEFINING ECONOMIC
DEVELOPMENT:
GETTING ON THE SAME PATH
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Group Discussion
• How do you define economic development?
• What do you view as an economic development success?
Exercise 1
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IT’S A CHANGING WORLD:
MAJOR TRENDS
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Economic downturn; declining public funding
Loss of manufacturing jobs & growth of service industries
Polarization of work reflecting knowledge, skills & abilities
Outsourcing that divides “value-chain” functions into more productive, interdependent activities
Mega-Trends: Global Economy Increasing importance of
creative & knowledge economies
Specialization of regions & communities
Connections among places with complementary specializations or resources
Growth of entrepreneurs & the self-employed
Adapted from Know Your Region
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Mega-Trends: Economic Development Emphasis on job creation Continued focus on companies rather than
industries or people Loss of private sector leadership Need for talented workforce Greater public scrutiny of investments Need for economic developers with new skills
in marketing and networking
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With a Partner…
• Select a trend you believe impacts this region.
• Discuss the trend’s impact and importance.
• Be ready to share with the entire SET team.
Exercise 2
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Determining Your Region: A Caution
• A local area may be part of multiple relevant economic development regions.
• A single definitive region seldom exists for any locality.
The appropriate region will depend on current strategies and concerns.
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Why This Region?• Why was this mix of counties selected?• What makes this a region?• What do you have in common? • What are the challenges?• What is your collective history & structure? • What might be the focus for this region?
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IdentifyOur
CurrentEconomicActivities
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• Tourism, Gaming & Entertainment – Red Dot• Clean Energy – Green Dot• Health & Medical Services – Yellow Dot• Aerospace & Defense – Blue Dot• Mining & Materials – Brown Dot• Manufacturing – Pink Dot• Business IT Ecosystems – Purple Dot• Logistics & Operations – Orange Dot• Agriculture – White Dot• Other – Black Dot
Exercise 3
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KEY FEATURES OF SUCCESSFUL
REGIONS
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Why a Regional Approach?
Promotes the Three Cs:
Conversation
Connection
Capacity
Source: Council on Competitiveness (2010)
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A New Game Plan: How to Pursue Regional Economic Development
Three major components:
• Build regional critical mass
• Prioritize investments in public goods and services
• Spur innovation
Based on 20 case studies around the world. Reported in Drabenstott (2010)
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Seven Policy Principles1. Seize regional competitive advantage
2. Invest in transportation and telecommunications infrastructure
3. Adopt technologies that strengthen competitive advantage
4. Strengthen rural labor markets and boost worker skills
Based on 20 case studies around the world. Reported in Drabenstott (2010)
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5. Foster better collaboration across jurisdictional lines in rural regions
6. Restructure agriculture by increasing value-added business activities
7. Improve the delivery of public services in rural areas
Seven Policy Principles
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Successful Regions Have…• Leaders that recognize new realities
of economic development• Commitment to collaboration• Global view • Understanding of current strengths
and weaknesses• Flexibility and adaptability
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Successful Regions Have….
• Capacity to respond; Structure to support activities
• Comprehensive view of development
• Mechanism for continuously searching for opportunities
• Way to evaluate impact
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Our Region: Taking Stock
Needs Lots of Work
Mixed Reviews
In Pretty Good Shape
Exercise 4
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Lunch
• Sponsored by the Nevada Mining Association
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BUILDING YOUR TEAM
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How’s This for Openers,“Be Radically Inclusive”
Diversity in your regional group will matter . . . a lot
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A Strong Regional Team• Prepares for obstacles• Assesses group composition• Engages more partners• Promotes action• Advocates
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Green Light/Red Light
• Organizations to which you currently belong
• Organizations of which you once were a member
Exercise 5
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Why I Joined and Why I Left
What Can We Learn?
How can we apply these lessons to our partnership?
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Who Is at Your Table?Who Else Should Be?
Regional Team
Members
Business &
Industry
Local, Regional
Government
Education
Nonprofit, Voluntary &
Faith-Based Groups
Local Residents
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Who Else Should You Invite to Join?
Name of Team Member Major Sector/Interest Area the Person Represents
Example: Joanne Smith Business (Banker)
Example: Dr. Barbara Jones Education (Comm. College President)
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Building Your Leadership Team
• Can influence the success of the strategy• Have the skills necessary for implementation• Have resources helpful to the group• Are respected leaders of key sectors• Will spread the message and encourage buy-in• Represent emerging industry sectors• Represent diverse populations
Source: Know Your Region
INVITE INDIVIDUALS WHO…
Exercise 6
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Invitation: Basic Principles
• Communicate regional needs and challenges
• Describe purpose• Provide reason for action• Identify timeline• Make sure plans are clear
and understandable
Source: Know Your Region
Exercise 7
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Public Participation – It Doesn’t Just Happen
International Association for Public Participation (2007)
Inform Consult Involve Collaborate Empower
Spectrum of Public Participation
Involvement
Time
Value
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Engaging the Public• Select a neutral convener• Encourage diversity• Allow participants to
“own” the process• Communicate the
benefits to participants• Welcome adversaries • Seek active participation
Source: Know Your Region
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Groups Deciding
& Developing
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The Groan Zone
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How Groups Often Form
Exercise 8
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People Don’t Resist Change . . . They Resist Being Forced to Change!
People change when they:• Become dissatisfied• See an opportunity• Consider the pain of changing to be less
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BUILDING REGIONAL NETWORKS & COLLABORATIVES
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Collaboration Math
1 1 3
The whole is greater than the sum of the parts.
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What is Needed?
EffectiveCollaboration
Trust
Shared VisionRelationship
Communication
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Benefits of Collaboration
• Shared resources• Expanded perspectives• Potential for greater positive results
• Increased number of relationships
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Building Toward Collaboration
Collaborating
Cooperating
Coordinating
Networking
Trus
tE
ffect
iven
ess
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Barriers to Collaboration
• Governmental or “turf” boundaries
• No “big” view of benefits
• Control & trust issues
• Old rivalries
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Collaboration Expansion
• New organizations or individuals
• Potential barriers
• Potential benefits 3Exercise 9
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The Essential Succession PlanWill important people leave your group,
often with little notice?
The answer is almost always . . . Yes!
Are you prepared for a smooth transition?
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Creating Your Succession Plan
• Establish plan early• Create a job description for each position,
including needed skill set and duties• Communicate time commitment • Ensure overall mission is clearly written
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Effective Regional Leadership:The Seven Habits
1. Be proactive2. Begin with the end in mind3. Seek first to understand, then to be
understood4. Put first things first5. Think win-win, be inclusive6. Synergize7. Sharpen the saw
Source: Council on Competitiveness (2010)
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Final Reflections What are the takeaways from our session?
• What topics did you find most helpful?• What did you find confusing?• What do you hope to implement as part
of your regional team’s activities?• Other items you want to mention?
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Looking Ahead . . . In Module Four, we will:• Review the important
attributes of a good vision statement
• Develop your team’s vision statement
• Begin considering possible regional directions
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Homework for Module Four• Follow up with people to
invite
• Read Handouts & Consider Group Development & Public Participation
• What vision & goals already exist?
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Next Meeting:
Wednesday April 11, 2012 10:00 AM
Sturgeon’s Casino Lovelock