seveds s.m.a.r.t. comprehensive economic development strategy (smart ceds) ceds committee training
DESCRIPTION
SeVEDS S.M.A.R.T. Comprehensive Economic Development Strategy (SMART CEDS) CEDS Committee Training. January 17, 2013. ViTAL Economy Alliance Frank Knott - [email protected] Mark Madsen – [email protected]. CEDS Committee Training Agenda. - PowerPoint PPT PresentationTRANSCRIPT
©2013 ViTAL Economy, Inc.1
SeVEDS
S.M.A.R.T. Comprehensive Economic
Development Strategy (SMART CEDS)
CEDS Committee Training
January 17, 2013
ViTAL Economy Alliance Frank Knott - [email protected]
Mark Madsen – [email protected]
©2013 ViTAL Economy, Inc.2
CEDS Committee Training Agenda
11:00 AM – Introduction, Agenda & Initiative Overview, – Frank Knott
11:20 AM – How we got here…why are we doing a CEDS– Jeff and Laura
11:40 AM – EDA Requirements and Changes in CEDS Structure – Frank and Mark
12:00 PM – Review CEDS Best Practice Examples & Performance Metrics – Frank & Mark
12:30 PM – Working Lunch and Continue best Practice Discussion - All
1:15 PM – Break
1:30 PM – Overview & Discussion of S.M.A.R.T. CEDS Process for SeVEDS – Frank & Mark
2:30 PM – S.M.A.R.T. CEDS Community Engagement Process Overview – Frank
3:30 PM – Putting it All Together to Achieve Best Practice S.M.A.R.T. CEDS - All
4:30 PM - Next Steps and Adjourn
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Initiative Overview
Frank KnottViTAL Economy Alliance
Regional CED Strategy
Initiative Overview
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1. Process – Based on Best Practices for Regional CED & Collaboration
2. Regional Focus – Enables regions to compete against country strategies
3. Asset-Based – Indigenous assets grow more durable economies
4. Diversified – Makes for a more nimble & resilient economy!
5. Measurable Strategy – Responsive to trends…relevant to region
6. Disciplined & Consistent – All ideas are not equal…priorities matter
Keys to Regional S.M.A.R.T. CEDS Development & Implementation
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ViTAL Economy S.M.A.R.T. CEDS Premise
1. A CEDS is more than... • a list of projects • a description of the region• generally defined aspirational goals• a task to reach eligibility for federal funding.
2. A CEDS should be an opportunity to formulate effective strategies that can transform a region’s economy by creating or retaining wealth and increasing prosperity
3. Effective CEDS strategies must be measureable, accountable to leadership and owned by the region
Not all jobs are created equal!
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“How We Got to This Extraordinary Point in Time”
Jeff Lewis BDCC
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Why a CEDS for Southeast Vermont?
TO DO #1: Confirm SeVEDS Goals and Objectives for undertaking CEDS
Your input:
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Changing CEDS Structure and
EDA Requirements
Frank Knott ViTAL Economy Alliance
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2011 Assessment of EDA’s CEDS Planning Process
EDA published an opportunity for the public to comment on EDD/CEDS regulations through a Federal Register Notice. Some ideas received were:
Public Comments on CEDS Get rid of prescriptive requirements for CEDS Strategy committees Simplify CEDS requirements by adopting NADO's Peer Standards
of Excellence Update CEDS data sets to measure relevant 21st century global
knowledge factors Either get rid of project list requirement in CEDS or ensure that only
projects on CEDS lists are funded Adopt standards for non-EDA funded CEDS that are consistent with
EDA-funded CEDS Ensure that all implementation projects be tied to a CEDS, make the
current project list requirement meaningful Don't fund projects not in CEDS Expand list of individuals that can be on the EDD Board Require coordination with District Organizations for all projects
UPJOHN STUDYPUBLIC COMMENTARY
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2011 Assessment of EDA’s CEDS Planning Process
Increase EDDs’ ability to guide regionaleconomic development efforts
Encourage EDDs to focus on looking forward to new opportunities and creating strategies
Promote EDD leadership that can express a clear, unified vision based on the region’s strengths
Encourage EDDs to identify and develop clusters driven by innovation and entrepreneurship
UPJOHN STUDYRECOMMEDATION #1
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2011 Assessment of EDA’s CEDS Planning Process
Enhance the CEDS Reduce the size of the document and focus more on strategic
development and collaboration to implement regional vision Discontinue five-year CEDs updated schedule Make the CEDs planning process annual Conduct better outreach to increase awareness and the use of the
strategy Partner with EDA University Centers to collect data
UPJOHN STUDYRECOMMENDATION #2
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2011 Assessment of EDA’s CEDS Planning Process
Advancing EDA’s relationship with EDDs More feedback from EDA Promote best practices Establish larger regional working groups Examine how funding applications are handled at the federal level
UPJOHN STUDYRECOMMENDATION #3
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NADO CEDS Peer Standards
1. Build more resilient economies and communities by focusing and targeting regional strategies on the existing and potential competitive advantages of each individual region.
2. Foster a regional collaborative framework to strategically align public sector investments from federal, state and local sources, as well as private, nonprofit and philanthropic partners.
3. Use modern scenario, data and analysis tools and planning techniques that provide policy makers, stakeholders and the public with evidence-based and factual based information.
4. Transform the CEDS process into a more strategy-driven planning process focused on regional visioning, priorities setting and performance outcomes, rather than broad-based encyclopedia or narrative of the region with a laundry list of random projects and programs.
5. Promote and support peer reviews and exchanges of Economic Development District planning professionals and policy officials with the goal of increasing collaboration across EDD boundaries, enhancing organizational resources, and positioning regional CEDS as more effective building blocks for statewide and local strategies.
6. Communicate in a compelling and modern communication style, including use of executive summaries, high quality print and online media, and social media.
7. Engage the public, private, nonprofit and educational sectors, along with the general public, in the development and implementation of the CEDS.
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Best Practice Examples of CEDS Reports and Performance Metrics
Frank Knott &
Mark MadsenViTAL Economy Alliance
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CEDS Example #1 – Northland Works Partnership, Minn.
• Modern Smart formatting & compelling style of communication
• Broad Collaborative Partnership
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CEDS Example #1 – Northland Works Partnership, Minn.
Clearly defined industry Drivers/Clusters based on regional assets
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CEDS Example #1 – Northland Works Partnership, Minn.
Clearly defined Action Items
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CEDS Example #2 – Southern Tier Regional EDC
Newly Established EDC in August 2011
• Modern format and presentation• Good use of graphics to
communication their message
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CEDS Example #2 – Southern Tier Regional EDC
Good use of Issues of Challenge and Opportunity
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CEDS Example #2 – Southern Tier Regional EDC
Five clearly defined strategies, each with specific actions
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CEDS Example #2 – Southern Tier Regional EDC
Each strategy and action item has an associated Implementation Agenda • Lead and partner entities• Resources• Timeframe
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CEDS Example #3 – Prosperity Partnership
Prosperity Partnership: Regional Economic Strategy for the Central Puget Sound Region.
• Broad Collaboration• Extensive use of modern data,
analysis & planning tools
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CEDS Example #3 – Prosperity Partnership
• Extensive use of graphics mixed with text
• Goals (aspirational) and Strategies
• Implementation plans• Performance Metrics
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CEDS Example #3 – Prosperity Partnership
• Targeted industry clusters• Clear implementation plans &
responsibilities
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BREAK
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Specific
Measurable
AchievableRelevant
Time Based
S.M.A.R.T. Goals – Measure the Right Things to Get Better Results
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Why do Performance Metrics Matter?
Regional Development Organization• Broader buy in and commitment to the strategy
• Improved ability to commutate a methodology, strategy, and priorities
• Increased creditability and relevance as a organization
• Greater ability to sustain a strategy by using ongoing measurement
• Broader investment in regional CED
Community• More diverse and balanced economic development approach
• More sustainable economy
• Faster growing economy due to clear direction and priorities
• More attractive economy
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State & Regional Scorecards• Point in time benchmark, without trend analysis• Limited measurements at the County level• Comparison to “like” communities
Core Performance Metrics• Focus on factors that guide wealth creation/retention• Designed to establish job goals at three levels
• New high wage jobs• New average wage jobs• Improvement of existing jobs by $5,000/year
Region Unique Metrics• Directly linked to region unique challenges and opportunities• Informed by elements of Sense of Urgency and Quality of Place
1. Trend Analysis2. Benchmarks3. 5-year goal setting4. On-going measurement
Performance Based Metrics
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Regional CED PerformanceVersus
Regional CED Best Practices
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Regional CED Best Practices – #1-5
1. Regional Collaboration: Meaningful & sustainable grass-roots collaboration across public, private, non-profit and traditional political boundaries
2. Leadership Excellence: Empowers proactive leadership to take ownership of their economy; grows leaders with accountability, authority, legitimacy & transparency
3. Change Management: Adopts the eight steps critical to managing change into the work plan of each board, committee and action team associated with CED. This will enable the region to more effectively participate and compete in the global economy
4. Balanced Approach: Integrates economic development, education & workforce development assets with the private sector to build effective knowledge based economic, human capital & quality of place centers of excellence
5. Asset Based Approach: Identify, connect and leverage tangible and intangible assets to sustainably grow and transform the regional economy
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Regional CED Best Practices # 6-10
6. Measurable Outcomes: Employs measurable benchmarks, SMART goals and strategies which transform the region through measurable outcomes. ( SMART = Specific, Measurable, Attainable, Relevant, Time Bound)
7. Innovation Driven: Builds innovation ecosystems that create a lasting regional climate of opportunity, entrepreneurship, risk taking and innovation
8. Life Cycle Finance: Provides access to a life cycle of funding as well as equity and debt financing to sustain regional public, private & non-profit ventures
9. Regional Brand Promise: Defines, creates, communicates and delivers on a clear brand promise that promotes & sustains regional competitive advantages
10. Regional Transformation Mindset: Sustains commitment to CED as a journey that is a marathon not a sprint, and is transformative not incremental
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Best Practices for Regional Collaboration
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Collaboration Best Practices – #1-4
1. Recognizes & accepts need for collaboration: Potential partners need to recognize their interdependence. Structural, procedural, financial, professional barriers need to be identified and minimized where feasible
2. Understands & respects partner’s capabilities and limits: All parties need to appreciate and respect the others’ background, experience, needs, capabilities, motivations, expectations, and goals.
3. Executive Commitment and Ownership: Partnerships can only succeed with the consistent and sustainable commitment of key public and private sector executives, which promotes “ownership” within their organizations.
4. Clear working relationships & lines of accountability: Partnerships need clear and simple “terms of engagement.” Decision-making process must be transparent. Roles, responsibility, and lines of accountability must be clear.
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Collaboration Best Practices – #5-8
5. Goals and outcomes must be clear & transparent: Goals and objectives must be “SMART.” Risks, rewards, and expected benefits/outcomes should also be specific and measurable. SMART = Specific, Measurable, Attainable, Relevant, Time-Bound
6. Uses effective, accurate, consistent, open & clear communications: Collaborative efforts are dependent upon open and clear communication both internally and externally.
7. Develops & maintains trust: Developing and maintaining trust is the basis for the closest, most enduring and most successful working arrangements.
8. Measures, Monitors, Learns and Adapts: Evaluation and review are an integral part of any management process. They are essential to monitor progress related to the group’s goals & objectives, making modifications and cementing commitment and trust.
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Community Economic Development Readiness Assessment
The CED Readiness Assessment is an honest self-assessment facilitated by VE during the Kickoff Event week. The final report includes recommendations and actions to close gaps in regional CED delivery.Who from SeVEDS, BDCC, WRPC, etc. should participate?
Best Practice Categories Low1 2
Medium3 4
High5
Regional Collaboration
Leadership ExcellenceChange ManagementBalanced ApproachAsset Based ApproachMeasureable OutcomesInnovation & EntrepreneurshipLife Cycle FinanceRegional Brand Promise
Regional Transformation Mindset
EXAMPLE
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Overview and Discussion of S.M.A.R.T. CEDS Process
Mark Madsen via WebEX
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SeVEDS CEDS Committee Roles
See Handout Documents
– Committee Roles
– S.M.A.R.T. CEDS Table of Contents
TO DO #2: Confirm official CEDS Committee membership via SeVEDS Board action
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Kickoff• CEDS Committee Training• Existing Research• Sense of Urgency• Issues of Challenge &
Opportunity• Economic Benchmarking &
S.M.A.R.T. Goal Setting• Community Engagement
Plan• CEDS Objectives• CED Readiness
Assessment
Discovery• Four (4) Open Public Input
Events (March)
• Four (4) Community Report Back Events (May)
• Focus Interviews
• Media Campaign
• Begin Analysis of community input
Connect• Analyze Community Input• Prioritize Strategies• Identify & Prioritize
Targeted Industry Clusters• Prioritize Critical capital
project• Identify partners• Develop Implementation
Plan
S.M.A.R.T. CEDS Four Milestone Process and Schedule
Report• Prepare /Review Draft
CEDS• Town Hall Meeting to
open 30-day public comment period
• Finalize CEDS• Adopt CEDS• Submit CEDS to EDA
Jan Feb March April May June July Aug Sept Oct
17 15 19-20 21-22 19
Town Hall MeetingCEDS Kick-off Event
To Do #3: Set Bi-Weekly SeVEDS Staff / VE Conference Call Schedule
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Examples of Economic Benchmarking and Regional Profile
Mark Madsen via WebEX
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Balanced Strategic Approach – Central Illinois
Inform Goals
StrategyAction
CEDS PlanningBusiness Retention & Expansion
Business RecruitmentBusiness IncubationLeadership Training
Strategic Components
Industry Sectors
Forestry
Agriculture
Healthcare
Tourism
Information Tech
Manufacturing
Education
Energy
Focus Forward CI2017 Regional Goals
2017 Pop. target 386,475(2010 Census 375,218)
13,190 new jobs: (1,319 Jobs @ $53,715/yr)(11,841 Jobs @ $48,832/yr)
Improvement of 19,456 existing jobs by $5,000/yr
Ramp up
Educational Attainment Bachelor & Graduate Degrees (25 & over) 2012 est. 68,7192013 69,919 (+1200)2014 71,219 (+1300)2015 72,769 (+1550)2016 74,669 (+1900)2017 76,969 (+2300)
Increase Pop of25-44 age from 25% to
30% of total Pop.
Reduce families inPoverty by 10%
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S.M.A.R.T. Goals Development Process & Framework
1. Benchmark2. Trend analysis3. Goal setting4. Measurement
Core Performance Metrics
Region Unique Metrics
Strategy Specific Metrics
Development Steps
Primary Issues of Challenge &
Opportunity
Strategy & Action
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Primary Issues of Challenge
& OpportunitySouthern Illinois = Benchmark, High Poverty
Highest % in rural region
Highest poverty rate
Highest unemployment rate since 09/03
Lowest % college graduates
Highest % enrolled in Medicaid
Highest % age 5+ with a disability
#1 #1 #1 #1 #1 #1Highest % of population over age 65
Highest % age 65+ in poverty
Highest % age 65+ with a disability
Lowest % of population 0-10
Highest % age 0-17 in poverty
Highest % households owner burdened
#1 #1 #1 #1 #1 #4Highest % households lack complete plumbing
Highest % households lacking complete kitchen
Highest % commuting to work from other IL counties
Lowest % population work and live in same county
Highest % households rent burdened
Highest % of Adults with no High School Diploma
#1 #1 #1 #3 #3 #1
Source: IL Poverty Summit, “2004 Report on Illinois Poverty,” Based on US 2000 Census or IL Dept of Employment Security data & Atlas of Illinois Poverty Spring 2003
EXAMPLE
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Primary Issues of Challenge
& OpportunityMaine = Trend Analysis, Aging Population
2013-2028 Population Change
0-54 -107,980
54+ +90,826
Maine is already the “oldest state” in the U.S. and facing an acceleration of decline in all ages except for 64+ starting in 2018
This will threaten the viability of the Maine economy and quality of life
2003 2008 2013 2018 2023 2028 125,000.00
175,000.00
225,000.00
275,000.00
325,000.00
375,000.00
425,000.00
0-19
20-34
35-54
64+
55-64
Age Demographic Trends, 2003 - 2028
EXAMPLE
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Existing Regional Benchmark Reports Can Provide a Solid Foundation to Build Key Performance Metrics
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Benchmark: Maine’s GDP
Graphic Source: Maine Measures of Growth in Focus, 2011
GDP Data: NNE Economic Scenario Model, 2009 data - 2011 dollars
Maine Goal GDP growth outpace
NE and US
GDP growth rate >4.2%
Equals $1.35B over trend$50,376 → $51,400 per capita
Key Trend Factors: Real GDP
1. 2009 Maine GDP = $66.4B
2. GDP Growth Rate 2004–2009
2009-2010US 5.7% 2.6%NE 3.9% 3.4%Maine 1.4%
2.1%
Region % of Maine GDP Regional GDP (2009) Per Capita GDPNorthern 6.9% $4.6 $44,770
Eastern 18.5% $12.3B $47,819
Androscoggin 12.0% $8.0B $41,914
Kennebec 12.5% $8.3B $48,803
Portland/Lakes 33.1% $22.0B $48,400
Southern 11.7% $7.8B $39,106
MidCoast 7.9% $5.3B $47,858
EXAMPLE
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• Population• Employable Population• Labor Participation Rate• Total Employed• Average Wage• Total Region Wages• Per Capita Income• Regional GDP• Bachelors Degrees 25+
Core Performance Metrics
Target Job GoalsNew jobs at 110-115%
of average wage
New jobs at new average wage
Improvement of existing jobs by
$5,000/yr
Measureable Economic Vision
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EMDC Greater Bangor Region Baseline 2008 2015 Goal ChangePopulation 108,950 116,577 +7.0%
Employable Population (16 and older) 89,727 94,213 +5.0%
Labor Participation Rate 60.9% 63.5% +1.04%
Total Employed 54,643 59,825 +9.4% (5,182)
Average Wage $32,376 $45,000 +38.9%
Total Region Wages $1.76B $2.69B +52.8%
Per Capita Income $32,239 $50,000 +55%
Regional GDP $5.8B $8.8B +52%
Internet Subscribers 40% (43,580) 60% (69,946) +50% (26,366)
Bachelors Degrees 25 & Over 20,339 27,457 +35% (7,118)
Regional Specific Goals Baseline 2008 2015 Goal Change17-24 year old without HS Diploma 20% 15%
20-44 population 35.6% (38,786) 38% (44,299) +5,513
Associate Degrees 25 & Over 10.6% (7,767) 15% (12,065) +4,298
2007-2015 CPI-W Inflation Assumption: 3.08%/year
Core Performance Metrics
NEW JOBS: 3,109 WAGE: $51,750 $160.8mNEW JOBS AT AVERAGE WAGE: 2,072 WAGE: $45,000 $93.2mIMPROVEMENT OF EXISTING JOBS: 10,928 WAGE: $5,000 $54.6m CLIMATE OF ECONOMIC OPPORTUNITY: $681.4m
EXAMPLE
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Greater Egypt Region Baseline 2012 Same Trend
2012 Goal Change
Population (2004) (Adjusted) 249,484 255,222 274,432 +10%
Employable Population (16-64) (Adjusted)(2000) 160,527 167,936 179,238 +11.7%
Labor Participation Rate (Adjusted) (2000) 67.4% 67.4% 71% +5.3%
Total Employed (2004) 108,627 113,188 127,259 +17.2%
Average Wage (2004) $27,830 $35,765 $43,489 +56.3%
Regional Wage Indicator (2004) $3.0B $4.04B $5.5B $1.46B
NEW JOBS: 11,179* WAGE: $43,500 $486.2M
NEW JOBS AT AVERAGE WAGE: 7,452 WAGE: $43,489 $324M
IMPROVEMENT OF EXISTING JOBS: 21,725 WAGE: $5,000 $108.6M
CLIMATE OF ECONOMIC OPPORTUNITY: $541.2M
Core Performance Metrics EXAMPLE
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Region Unique Metrics
0.00
10.00
20.00
30.00
40.00
50.00
60.00
2005
Southern Illinois USA-ruralUSA-average #1 in World
% P
enet
ratio
n of
Po
pula
tion
12%24%
34%
54%Network
Provider COIhas set an ambitious
goal to increase the
SI penetration rate to world class levels!
COI Results (2006-2007):• Created a demand driven customer aggregation model generating thousands of open-access sales leads
(www.iwantmybroadband.com)• Over 35+ small towns have received broadband• Over $24M+ in new private sector broadband infrastructure • Reached 16% Penetration and 41% Broadband Coverage after only 18 months
25-to-85% Broadband Coverage
12-to-54% Penetration
2012 Goals:
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Aroostook County Renewable Energy Economy Strategic Elements
FINANCEThe region must develop an integrated
finance structure to supply specialty forms of financing for energy efficiency
modifications and heating system conversions
VALUE ADDED PROCESSINGPellet and Chip manufacturers converting biomass for forest and farm into heating
fuel material. Distribution systems deliver product to consumer.
NATURAL RESOURCEForest and Farm biomass resources form
the foundation of this industry in Aroostook County
INNOVATIONUMPI, UMFK, UMaine & NMCC must lead in the develop of R&D and workforce training programs
attracting young thinkers and linking to regional industry
INDUSTRY NETWORKSInformal and formal industry
networks must be create locally, regionally, nationally and globally
CONNECTIVITYThe region must be leading the US in
the availability and 24x7 boundary free uses and access to broadband
services
ENTREPRENUERSHIPThe region must embed a climate of entrepreneurship from grade school
education to community leaders
Aroostook Renewable Energy Economy
MARKETING & COMMUNICATIONS
A strategic and consistent internal and external communication plan must be
implemented to promote the use of Aroostook energy products and resources
Strategy Specific Metrics
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Aroostook 2015 Goals
1,677 new jobs @$42,000
1,118 new jobs @$38,500
Improvement of 6,628 jobs
by $5,000/yr.
$365M new wages
Increase Internet Subscriptions
to 37,500
Reach Regional GDP of $2.8B
27.7% Private Payer Healthcare
Reimbursements
Renewable Energy
Economy
Strategy Direct Impacts
62 jobs (3.6%)
$45.3M (12.4%)
604 jobs (54%)
$94.6M (3.7%)
650+ jobs with benefits
Strategic Opportunity Value$69.9M per year
Strategy Specific Metrics Northern Maine Renewable Energy Economy Strategy
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Balanced Strategic Approach – Southern Vermont
Inform Goals
StrategyAction
CEDS PlanningBusiness Retention & Expansion
Business RecruitmentBusiness IncubationLeadership Training
Strategic Components
Industry Sectors
Forestry
Agriculture
Healthcare
Tourism
Information Tech
Manufacturing
Education
Energy
Five YearRegional Goals
Ratio of Net Earned incomeTo Total Income
↑ .566 to .65
Increase Median Annual Income
AS/some Collegeto $32,000/yr.
Increase Median Annual Income
Bachelors Degreeto $32,000/yr.
Increase 20-44 ageEmployment 20%
Increase AS/Tech Certs.For 18-24 age
From 38% to 47%
Increase Pop of25-44 age by 20%
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Regional S.M.A.R.T. Goal Setting Example – Southern Vermont 2017 Goals
Base SeVEDS Region Metrics Baseline 2017 Goal % Change
Total Change
Population 42,605 42,605 0% -
Employable Population (16 and older) 35,520* 36,171 +1.8% +651
Labor Participation Rate 65%* 68.8% +5.8% -
Total Employed 23,089* 24,894 +7.8% +1,805
Average Wage $38,820 $39,848 +2.6% +$1,028/yr
Total Region Wages $896M $992M +10.7% $96M
Regional GDP $2.37B $2.8B +18.1% $430M
Regional Strategic Metrics Baseline 2017 Goal ChangeRatio Net Earned Income/Total Income .566 .650 +14.1% -
Increase Median Annual Income for Associates/Some College workforce $26,855 $32,000 +19.1%
+$5.145/yr($2.47/hr)
Increase Median Annual Income for Bachelors Degree workforce $32,518 $39,000 +19.9%
+$6,482/yr($3.12/hr)
Increase 20-44 employment by 20% in five years (2009 data) 10,691 12,829 20% +2,138
Increase Associates Degrees/Some College and Technical Certificates among 18-24 age bracket
38% (1,495)
47%(1,884)
+23.6% +389
Increase the 25-44 age population by 20% in five years 9,533 11,439 20% +1,906
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Put it all together to create a highly effective S.M.A.R.T. CEDS
1. Measure a comprehensive set of performance metrics
2. Assess long term trends leading to the current climate
3. Identify the key issues and create a sense of urgency
4. Create a Quality of Place vision for the region
5. Set measureable SMART Goals
6. Map and analyze existing assets
7. Develop strategies for the top 2-3 industry clusters
8. Empower the entire community to be involved
9. Foster a climate of innovation & entrepreneurship
10. Take action and measure progress
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CEDS Community Engagement Process Overview & Tools
Frank Knott ViTAL Economy Alliance
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Communication Strategy
Engage and recruit a broad base of community leaders to inform and lead bottom-up and top-down economic transformation of the SeVEDS region
Positively influence, highlight the key issues or cultural barriers that have been constraining economic progress and prosperity of the region.
Imbed core principles of the VE Journey into the day-to-day behavior of regional leaders, so the region becomes a climate of economic opportunity & collaboration
Three Communication Elements Are Required:
1. Initiative Communications – Progress reports link to goals and objectives
2. Community Internal Communications – Focused on recruiting more champions
3. External Communications beyond the region – Attracts investment into region
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1. Demographics – Population mix required for 21st century workforce
2. Workforce – 63% of 2018 workforce will require beyond high school ed.
3. Climate of Innovation – Key to prosperity & economic growth
4. Knowledge Based Enterprises (KBE) – Create most high value jobs
5. Quality of Place – 50% of attraction for KBE worker’s families
Issues of Challenge & Opportunity Data Information Knowledge Implications Opportunity Action
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Communication Tool Options
1. Adopt the eight steps for managing change
2. Establish a clear vision and define a sense of urgency
3. Create a climate of transparency
4. Launch initiative website and social media tools
5. Record all initiative milestone events
6. Communicate measurable goals with reminder tools
7. Establish speakers bureau outreach into every community
8. Engage local with free content on the initiative throughout region
9. Issue periodic progress reports on the journey
10. Celebrate short-term wins early and often
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Start Toda
y!
1. Create a Sense of Shared Need & Urgency
2. Create the Vision & Build the Guiding Team
3. Define the Change Impacts
4. Communicate for Buy-in
5. Empower Others to Act
6. Create Short-term Wins
7. Sustain the Change
8. Make it Stick
Based on Kotter, John P. Leading Change. Boston: Harvard Business School Press
Engaging & Enabling the
Whole Community
Implementing & Sustaining
Transformation
Creating a Climate for
Change
Eight Steps for Leading Change are Essential
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Project Management and Communication Tools
• File sharing • Project calendar• File sharing• Messaging• Collaborative documents
• Online meetings• Desktop viewing
• Community event invitations• Track RSVPs• Contact list• Registration at event• Name badges
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Use the Internet and social media tools effectively
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Let the community know who is involved
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Keep the community informed with web tools
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Social Media Tools
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Level of Commitment from SeVEDS
Orientation Recommended
CEDS Committee
SeVEDSStaff
Designate
Social Media
Twitter Y
Facebook Y
YouTube Y
Project Management Dropbox Y
Basecamp ✓ Y y Y
Communication
Eventbrite ✓ y Y
WebEx y Y
Key:Y – required commitmenty – possible commitment
TO DO #4: Select project management and communication tools
Designate responsibility as required
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SeVEDS Community Engagement Meetings
Kickoff Event – February 15 Event Planning – SeVEDS Staff and VE – Week of January 28 Event presentation materials delivered to SeVEDS – February 5 VE in Region 2 Days Pre-launch activities for Feb. 14-15
Review Regional Profile with update statistics – 1 hour session Review and update Issues of Challenge and Opportunity – 1 hour session Facilitated CED Readiness Assessment – 2.5 hours session
Kickoff Event Location? Time? Master of Ceremonies? Introductory Speaker? Invitees? Videographer? Refreshments?
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SeVEDS Community Engagement Meetings
Round 1 Public Engagement Events – Week of March 18-22 VE in Region 3 Days Four large open public meetings to collect public input
Dates? Locations? Invitees?
Focused business, academic, workforce development, non-profit sector Individual and group interviews (Round One) Dates? Who? Locations?
Round 2 Public Engagement Events – Week of May 20-24 VE in Region 3 Days Four large open public meetings to report back community input
Dates? Locations?
Focused business, academic, workforce development, non-profit sector Individual and group interviews (Round Two as needed) Dates? Who? Locations?
Planning for these events to take place with SeVEDS Staff and VE following Kickoff Event in February
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Report Phase
• Early preliminary draft for CEDS committee review/comment– To SeVEDS First Week of August– Review Second Week of August and back to VE
• Late preliminary draft for CEDS review/comment– Joint VE/SeVEDS review First Week of September
• Town Hall Meeting presentation open public comment period– September 16 - Publication ready version to SeVEDS– September 19 - Town Hall Meeting and open public comment period
• Final CEDS Document Revision and Delivery
• Adopting Body(ies) Action
• Submittal to EDA
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Kickoff• CEDS Committee Training• Existing Research• Sense of Urgency• Issues of Challenge &
Opportunity• Economic Benchmarking &
S.M.A.R.T. Goal Setting• Community Engagement
Plan• CEDS Objectives• CED Readiness
Assessment
Discovery• Four (4) Open Public Input
Events (March)
• Four (4) Community Report Back Events (May)
• Focus Interviews
• Media Campaign
• Begin Analysis of community input
Connect• Analyze Community Input• Prioritize Strategies• Identify & Prioritize
Targeted Industry Clusters• Prioritize Critical capital
project• Identify partners• Develop Implementation
Plan
S.M.A.R.T. CEDS Four Milestone Process and Schedule
Report• Prepare /Review Draft
CEDS• Town Hall Meeting to
open 30-day public comment period
• Finalize CEDS• Adopt CEDS• Submit CEDS to EDA
Jan Feb March April May June July Aug Sept Oct
17 15 19-20 21-22 19
Town Hall MeetingCEDS Kick-off Event
To Do #3: Set Bi-Weekly SeVEDS Staff / VE Conference Call Schedule
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Thank You!
Q & A
www.vitaleconomy.com