Strategic Economic Development Planning and Engagement for Local Economic Prosperity
Independent nonprofit CREC provides innovative economic strategies to understand and support local economic forces. Managing networks and collaborations, including the SEDE Forum, CREC aims to align state and regional economic development efforts for job creation and prosperity. A 24-month EDA-funded project focuses on promoting alignment across organizations for coordinated and effective economic development strategies, emphasizing research, education, and technical assistance to improve investment coordination, industry clustering, and tool utilization for economic recovery and job growth.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Enhancing State Enhancing State- -Local Economic Development Economic Development Planning and Engagement Planning and Engagement Local CREC Presentation to NADO Annual Training Conference Tuesday, October 19, 2021 Bob Isaacson
Independent nonprofit based in Arlington, VA, that provides strategic economic analysis and manages networks of data and research professionals Our technical assistance expertise produces innovative, regional job-creating strategies CREC achieves its mission by undertaking efforts to understand the economic forces impacting regions and localities assist local leaders in formulating knowledge-based strategies develop transformational models that support knowledge-driven economic prosperity
Among its networks, CREC manages the State Economic Development Executives (SEDE) Network Forum for state economic development and commerce agency CEOs, executive directors, commissioners and deputies Designed to exchange information, learn from one another, and advance the practice and impact of economic development across the nation
What? Key Takeaways on EDA Project Why? How?
What? A 24-month project funded by EDA for CREC and partners to promote alignment across state and regional economic development organizations
Why? State and local economic development strategies and investments are often poorly aligned and not very well coordinated States tend to operate independently of EDA supported initiatives, including those identified in regional CEDS
How? Through applied research, education, and technical assistance, this project will enable state and local leaders to create jobs and achieve economic recovery through better: Coordination of investments Alignment of efforts to grow key industry clusters Leverage common tools
CREC is engaging several national networks to reach key stakeholders AMCC (American Manufacturing Communities Collaborative) SIDO (state international trade leaders) NADO (economic development district leaders) State Economic Development Executives (SEDE) network to participate in organizing the applied research, developing and deploying educational materials, and providing technical assistance to states and regions.
State Partnerships We need your thoughts! Feedback: Deliverables Other Thoughts?
State Partnerships Value of collaboration Barriers to Collaboration How to encourage? Funding Local district operations Co-investment in local projects
State Partnerships Poll Time Scan the QR code with your smartphone to participate in the survey. We appreciate your feedback.
State Partnerships Poll Questions 1. Does your state fund your local development district? (Yes/No) 2. How would you rate the collaboration between your local development district and the state economic development department? (Scale of 0 5) 3. How would you rate the alignment of your development district s CEDS with your state s economic development strategy? (Scale of 0 5) 4. Did (or has) your local development district collaborate with the state on any EDA grant applications in 2021? (Yes/No) 5. What barriers are present that prevent or limit collaboration with the state? A. Poor communication with state B. Not familiar with state officials C. State doesn t have a plan D. Resource constraints E. All of the above F. Other
Feedback: Task 1 - Research Guidelines to integrate int l content into CEDS Alignment Matrix Best Practices Guide
Alignment Matrix Industry Cluster Development Infrastructure & Site Clean-up/ Development International Trade and Investment (P) Manufacturing (P) Program Support Recovery & Resilience (P) Strategic Business Attraction Technology-Based Economic Development (P) Workforce Development (P) Administration/Governance Broadband Business Assistance Business Finance Business Recruitment & In-state Expansion Community Development Entrepreneurial Development Environmentally-Sustainable Development (P) Equity (P) Housing
Best Practice Guide USACompetes.com Inform efforts Improve alignment Leverage common tools Coordination of investment
Task 1 Poll Question 1. Are there any examples of state-local collaboration on international engagement strategies within your community or elsewhere?
Feedback: Task 2 Education Deliver webinar on topics targeted to state ED leaders Develop content to highlight collaboration and best practices Create peer- led online Engage state leaders in state-EDA working group Develop education content for key issues Alignment Matrix curriculum for state ED leaders
Task 2 Poll Question 1. Do you have the necessary tools and resources to develop informed strategies on issues such as workforce talent development, supply chain vulnerabilities, reshoring, etc.?
Feedback: Task 3 Tech Assistance TA via conferences or peer exchanges to increased collaboration Convene bi- annual meetings of state leaders to align with EDA goals Conduct outreach and TA to incorporate int l into CEDS Conduct TA with 6 states Policy Academy
Task 3 Poll Question 1. Are there examples of good outreach or technical assistance to incorporate international engagement strategies into local CEDS? 2. Would you join bi-annual meetings of state economic development agency leaders to advance effective practice and better align with EDA goals?
Thank You! Bob Isaacson bisaacson@CREC.net Questions?
