1. Della G. Rucker, AICP, CEcDThe Wise Economy WorkshopJim Kinnett, CEcD, FM, EDFPThe Kinnett Consulting GroupMark Barbash, FMEconomic Development Consultng

2. Changing Thoughts How is your community doing? What you can do to help your community improve? 3. Della Rucker Jim Kinnett MarkBarbash 4. Public-private organizations Chambers Local, regional & state organizations Local and state government Foundations Neighborhood, downtown, communitydevelopment organizations Increasingly, you. 5. Whois at the table? (hint: more than ever) Non-partner partners Loss of local businesses = loss of decision makers Mediumsized business reluctant to participate in economic development 6. Community college lifeline Reshoring? Research and Development Educating entrepreneurs Publicschools 7. Entrepreneurs!! Growyour own: Economic Gardening Incubatorsand accelerators 1099 economy 8. QualityPlaces get mostinvestment Buildon assets Its all connected Costv. benefits in a newway 9. Where people get information Site selection changing Reputationmanagement No filters, no delays Peoplewill have their say. 10. Change or Die Be Strategic & Deliberate Redefine incentives Understand how a businessmakes decisions Find new partners butunderstand their (and your)limitations Do the math & know yournumbers 11. Economic development is acting to ensure that the economy of your community or region (your income orsavings) grows faster than yourpopulation (your expenses) so you havethe extra resources in the future to finance improvement. 12. Is your economy growing faster than your population? Economy: Income, savings,wages, Population: Count,demographic, and the costs ofserving the population Incomegreater than your expenses? 13. How do you know if youreconomy is growing faster thanyour population? 14. A-list Do you have adequate fiscalresources to meet short-term needsand long-term? Is the community maintaining thenumber & quality of jobs? Is the community dependent on alimited number of businesses? Do you have a balance of land uses? To what extent is your localeconomy based on regional assets? 15. B-list Is your environment improving? Is your crime activity increasing? Do you have housing that yourresidents can afford, and a rangeof housing choices available? Is the educational attainment ofyour school systems improving? 16. C-list Is leadership strong in yourcommunity? Is tolerance and diversity strongin your community? Do your have stronginfrastructure systems? Are people involved incommunity activities? Do you have a strong healthcaredelivery system? 17. Litmus Item ABShort term fiscal strength?Low MediumNot dependent on one /small #Low Mediumbusinesses?Quality of jobs? LowHighEducational attainment?LowHighLack of crime?Medium MediumHousing cost?LowHighLeadership? Medium MediumDiverse range of people?MediumLowStrategy?? 18. Strategy IdeasABShort term fiscal strength? Consolidation MonitorNot dependent on one /small # Diversification Mediumbusinesses?Quality of jobs?Community College IncubatorLinkageEducational attainment?LowHighLack of crime?Support Police BudgetHousing cost?LowHousingDiversityLeadership?Medium MediumDiverse range of people? Medium Low 19. Strategic Perspective Tactical Opportunistic Organized DelusionClueless Apathy Hostile Waters 20. Do you know how yourcommunity is doing? Who are your partners(if any)? Do you know where youwant to go? Are you brave enough tostart on that path? 21. Della Rucker, AICP, CEcD James Kinnett, CEcD, FM, EDFPThe Wise Economy WorkshopThe Kinnett Consulting Groupwww.wiseeconomy.comwww.kinnett.biz Jim@kinnett.bizDella.rucker@wiseeconomy.com 812.290.5663513.288.6613@dellaruckerwww.linkedin.com/in/jameskinnettDella Rucker AICP CEcD Mark Barbash, FMAlso on LinkedIn and Google+ Economic Development Consulting www.markbarbashconsulting.com Mark.barbash@gmail.com 614.774.7599www.linkedin.com/in/markbarbash