bridge to a new economy old economy low average salaries start-ups capital intensive plants close or...
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Bridge to a New Economy
Old economy
Low Average salaries
Start-ups capital intensive
Plants close or move
Based on a pyramid style organizational
structure
New economy
High Tech
Average salaries $58,000
More jobs than workers
Start-ups are based on human capital
Based on knowledge
Business conducted fast and based on a network model
Chequamegon Bay Technology Group, a project of the Alliance for SustainabilityChequamegon Bay Technology Group, a project of the Alliance for Sustainability
High
Tech
Telecommuting
Development of a technology telecommuting industry in the Chequamegon Bay Area
Building the Bridge to a New Economy
High Tech Telecommuting
Provide a link between high tech professionals
and their customers
High Tech
By marketing their services
and
assisting them in acquiring contracts
High Tech Telecommuting
We will:
• Attract ten high tech professionals per year
• Help them find contracts
• Assist their business operation
• Assure access to high speed Internet connections
High Tech Telecommuting
recruiting, marketing and assistance
High Tech
• Identify and attract professionals to area
• Provide relocation assistance
• Obtain contracts for services
• Set up training and network opportunities
• Provide business services such as assisting in obtaining billings, collections, legal and financial and accounting services
• Contract for an annual benchmark study of area Internet service
Available to bothrecruits
And local professionals
High Tech Telecommuting
Results for the area
Establish a track
record of success
Establish a track
record of success
High Tech
Exhibit successful
entrepreneurial activities to area
youth
Exhibit successful
entrepreneurial activities to area
youth
Provide a pool of
skilled high tech
professionals available
to local businesses
Provide a pool of
skilled high tech
professionals available
to local businesses
Seed the area with potential
future tenants of
the Ashland Area
Enterprise Center
Seed the area with potential
future tenants of
the Ashland Area
Enterprise Center
High Tech Telecommuting
What will it cost?
Estimated costs for:
• Two staff positions
• Travel costs
• Training and networking activities
• Office space and overhead
• Marketing
• Relocation assistance
• Annual benchmark study
Total annual cost: $ 450,000.00
Recommend applying for a $ 1.8 million grant to run for four years.
After that it will operate off fees for services.
High Tech Telecommuting
Casper-Martinsen Inc.
Kristen Carey
Case Studies:
Larry Whalen
Mary Methven
Skills for the Skills for the Knowledge EconomyKnowledge Economy
Develop the skills and attitude for a knowledge based
economy
by investing in children at an
early age
High Tech
Skills for the Skills for the Knowledge EconomyKnowledge Economy
• Provide students, schools and faculty with access to technology
• Assist schools in utilizing technology in teaching and learning
• Create an entrepreneurial attitude among students
• Promote parental involvement in the learning experience
High Tech
Skills for the Skills for the Knowledge EconomyKnowledge Economy
How?: a demonstration project • Provide a laptop computer to every child entering middle school
• Provide Internet access at home for each child entering middle school
• Wire two classrooms per district each year for high-speed networking
• Pay for two full-time positions to assist schools with curriculum development and technology integration
•Establish a summer technology camp
• Establish a summer entrepreneurial camp.
The program repeats every year
Skills for the Skills for the Knowledge EconomyKnowledge Economy
High Tech
Results for the area: • Youth learn that technology skills are vital to their future
• Youth learn to think in entrepreneurial ways
• Builds a local pool of talent to fill jobs that require technology literacy
• Fosters the attitude among students that they can build a career in the Bay Area
Skills for the Skills for the Knowledge EconomyKnowledge Economy
Cost:
Computers
Internet access
Staff positions
Operating costs
Classroom upgrades
Training materials
Total annual costof $ 1.7 to $ 2.2 million
Four year demonstration project
The Chequamegon
Group
A locally owned public company that will acquire appropriate, early stage companies, bring them to the area, help them develop and grow.
The Chequamegon
Group
• Create a stock corporation: Chequamegon Group
• Fund the corporation with equity investments
• Acquire one company each year
• Relocate them to the Bay Area
• Help them develop and grow
By:
• Conduct research on appropriate companies
Appropriate means:
• Early stage
• 2-3 employees
• Potential to reach 30 employees in 5 years
• Purchase a significant interest in each
• Move them to the area
• Provide a facility or access to one
• Mentor the companies for success
Mentoring would be done by putting them in contact with professional help such as marketing, management advice, strategic planning, competition research, accounting, legal and patent and copyright services, and graphic design and technical services
The Chequamegon
Group
Results for the area:
•Job creation
•Company stability
•Local ownership
•Wealth goes to shareholders and employees
•Track history of success to attract other companies
Cost:
Organizational and set-up costs of $ 200,000
Investment
And
Purchase
of stock:
$ 5,000,000
High Tech
Bay Area Epicenter
A highly visible focal point for technology initiatives
• A first rate, impressive structure
• The headquarters of the Chequamegon Group and the other initiatives in this proposal
• Space for businesses recruited by the Chequamegon Group
• A visual reminder that the Bay Area will succeed in the new economy
• A demonstration to potential recruits and youth that the Bay Area is committed
$ 3,400,000
High Tech
High Tech Telecommuting
Skills for the
Knowledge Economy
Chequamegon
Group Bay Area Epicenter
The bridge to the knowledge economy
Chequamegon Bay Technology Group, a project of the Alliance for SustainabilityChequamegon Bay Technology Group, a project of the Alliance for Sustainability