More Related Content
Similar to Project Welcome Economic and Workforce Summit (20)
Project Welcome Economic and Workforce Summit
- 1. Future Trends in Economic Development: What Do They Mean for Kingsborough & Brooklyn? Erik R. Pages EntreWorks Consulting February 10, 2009
- 2. Our Topics Today • Economic Development Then & Now • The Obama Transition • What Does It Mean for Kingsborough and Brooklyn • Future Roles for CEWD
- 3. The Economic Development Pitch: THEN • Strong Work Ethic • Low Cost • Good Location • Strong Business Leadership
- 4. The Economic Development Pitch: NOW • Talented Workforce/Entrepreneurs • Quality of Life • Good Location • Strong Civic Leadership
- 5. What Does This Mean? Trends in Economic Development • Regionalism • Private Sector Leadership • Greater Focus on Workforce • Collaboration across Sectors • Focus on Innovation, Entrepreneurship and Creativity
- 6. • Scale and Scope to Compete in Global Markets • Branding • Reduce Fragmentation • More Ideas Can Equal Better Ideas • Improve Services and Reduce Costs • EXAMPLES: Northeast Ohio’s Team NEO (www.teamneo.org) Why Regionalism?
- 7. Private Sector Leadership • More responsive to market forces – Better Early Warning Systems – More Flexible • Better Access to Resources – Both Money & Talent • EXAMPLES: Delaware’s First State Innovation (www.firststateinnovation.org)
- 8. Workforce • Regions Need a Talented and Agile Workforce – Talent: Skills aligned with local clusters – Agile: Workers can adapt to multiple sectors and career paths • Project-Oriented Work More Prevalent – “The Gig Economy,” “Free Agent Nation”
- 9. • The End of Stovepipes? • Broadening of Traditional Economic Development Mission – No longer just job creation • Emergence of New Issues – E.G., Affordable Housing, Attractive Amenities • EXAMPLES: Kokomo Indiana’s Workforce Development Strategies, Inc. (www.wdsi.org) Collaboration Across Sectors
- 10. Innovation/Creativity/ Entrepreneurship • Talent Development and Attraction as Key Missions • Entrepreneurs as Key Wealth Creators • Openness and Diversity as Key Local Assets • EXAMPLES: Racine, WI’s CATI (www.thecati.com), Springfield Technical Community College (www.stcc.edu)
- 11. Obama and the New ED Paradigm • Approach to Communities: – Will be Holistic (e.g. Promise Zones) – Will be Regional (e.g. Cluster Strategies) – Will Promote Innovation or “Stim-Novation” • Green Jobs • Smart Infrastructure – Will embrace talent development • Up to $100 billion in stimulus for education/workforce related investments
- 12. What Does It Mean for CEWD? • Need Closer Engagement with Private Sector Leaders • Break Barriers between Education, Business, and Economic Development – Primary Mission for CEWD • Engage New Players – CDCs, Neighborhood Assns, Other NGOs
- 13. Is Brooklyn Ready? Existing Assets • Strong Base of Entrepreneurs – More than 41,000 small businesses – More than 180,000 self-employed • Diverse, globally-oriented citizenry • Strength in Key Clusters – Hospitality/Food – Arts/Culture – Health Care
- 14. Future Roles for CEWD • Build on Kingsborough’s current cluster strengths – Hospitality and Tourism – Entrepreneurship Training (e.g. IVE) • Target New Sectors, such as “Green Jobs” • Provide Business Support Services in local neighborhoods • Build a Center for the Local Economy
- 15. Thanks!! For More Information: Erik R. Pages EntreWorks Consulting 703-237-2506 [email protected] www.entreworks.net
Editor's Notes
- #13: What’s PMAI doing now?