The Stronger Economies Together (SET) Initiative: An Introduction A Webinar for ODOC RDS & OCES Educators Webinar Agenda 1.What is SET? Motivation of program Mechanics of the program Benefits of program 2.What is required to apply? 3.Q & A The Challenge in Rural America I have reached the conclusion that we must overhaul our approach to economic development in rural America. The framework of the new effort recognizes that the rural economy of tomorrow will be a regional economy. No one community will prosper in isolation. Tom Vilsack U.S. Secretary of Agriculture The Response: SET SET Sponsors USDA-RD is providing funding to cover coaching expenses SRDC, PCRD are providing data and technical assistance Purpose of SET Help rural communities/counties to work together as a regional team in developing and implementing an economic development blueprint that builds on the current and emerging economic strengths of their region. What SET Provides Regional Teams hours of on-site training Hands-on, step-by-step process for building or enhancing regional plans Detailed demographic and socio- economic information Data and analysis on current and emerging clusters Guidance in implementing the plan Access to individuals with special expertise More in-depth cluster analysis Monthly calls with State Partner and Training Team Members Webinars on key topics of relevance to multiple regions Training Data & Analysis Technical Assistance Peer-to-Peer Networking SET Core Training Modules The Basics The SET Initiative: An Introduction Profiling Your Region Gearing Up Building a Strong Regional Team Developing Your Vision and Goals Resources & Strategies Exploring Opportunities for a Stronger Regional Economy Exploring Strategies for Enhancing the Regional Economy Discovering Assets & Barriers Moving Into Action Planning for Success Measuring for Success Sounds Great. Whats Expected? Establish a regional team that is committed to: Taking an active part in the entire SET training Getting a diversity of people and organizations across the region to provide input on the regional plan Working to produce and implement a high quality regional economic development plan Producing a High Quality Plan: The Essential Components SET Teams Plan Evidence- Based Practical Broadly Supported Focused on Economic Development Employs Regional Strategies Aligns with the Vision and Goals Valuable coaching on core building blocks to serve as a foundation for the HQP In-depth data tailored to the region to delineate and identify critical drivers of the regions economy Total to uncover local assets and resources that can be tapped for plan implementation Key Benefits Key Benefits (contd.) Limited amount of technical assistance (up to 40 hrs during the year following completion of HQP) to assist with implementation Opportunity to network with other regions across the US involved with SET Who Should Apply? SET is particularly appropriate for newly formed regions Other regions can still benefit Who Should Apply? (Contd.) 5 characteristics to successful SET regions: 1.Embrace regional strategies 2.Open to focusing on key clusters 3.Involve a diversity of people and institutions 4.Take a fresh look at the region, where its going, how it might get there 5.Devote significant time and energy to develop and implement HQP What is required to apply? 3 or more contiguous counties Region must be rural: 51% of population counted as rural by Census, OR 75% of land area designated rural Only Oklahoma and Tulsa Counties do not qualify! http://srdc.msstate.edu/set/files/phase3/oklahoma.xlsx Applications Available online:(May 6, 2013) Due June 24, 2013 to Ryan McMullen: Application Components Economic Description of Region: Why do the counties identified constitute a region? Describe the economy of the region History of Collaboration within the Region Challenges of Implementing Plan Interest in SET Team Membership (w/ letters) Questions? Dave Shideler