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The Chesapeake CrescentThe Chesapeake Crescent
A Collaborative Initiative to Drive Regional Prosperity and Global Competitiveness
Maryland, Virginia, the District of Columbia and the United States Government
February 2007
The Chesapeake Crescent spans Virginia, Maryland and the Nation’s Capitol…and potentially, Delaware
• A true crescent region that borders and is signified by the Chesapeake Bay
• Cultural, historical and environmental identity rooted in shared geography
• A single economic and social market that encompasses major portions of all Crescent states
• A region housing the headquarters of the Federal government, with its three largest employment centers--Washington, Baltimore and Tidewater--whose operations are dependent on a higher performing region
Chesapeake Crescent Proposed Organization
Mayor Fenty Governor Kaine Governor O’Malley
Program Directors
Board of Directors & Steering Committee
Managing Director
Staff Assistants
Energy & Environment
Chairman of the Board* & Vice Chairmen
Honorary Co-Chairmen
Federal Government Representation
Innovation Economy Secure & Sustainable Development
Sustained Regional Collaboration
Chesapeake Crescent Business Strategy
Energy & Environment
Homeland & National Security
LifeSciences
Supported by:Housing and Transportation Infrastructure
Public and Private Collaboration
Regional Objectives: Compete Globally Comprehensive Economic Development
Support Federal Innovation Mission Requirements
Innovation Economy
Linking federal labs, universities, entrepreneurs and investors to build a culture of innovation, creativity and entrepreneurship
Creating linked investment strategies to attract small and large businesses to the region in such areas as energy, IT, environment, life-sciences, and homeland security
Utilizing the buying power of the region’s 10 million consumers and multiple government and private sector buyers to invest in and adopt innovative technological products and services
The Chesapeake Crescent will become a recognized global leader in the innovation economy by:
Venture Capital (SEC’s)
LicensingSpin out Start-ups
Top Regional SEC’s Entrepreneurs
Industry
Regional IP Portal
Incubator Technologies
Innovation Commercialization Environment
Limited Angel PINsAd Hoc Angels
Top Regional SEC’s
Regional IP Portal
Top Next Gen CEO’s
Regional University
Fellowships
Incubator Technologies
LicensingSpin out Start-ups
Venture Capital (SEC’s)
Deepen Angel PINs
Embed Entrepreneur w/
Research
Connect Angels- Tech and Alumni
Clubs
Industry
Entrepreneurs
Regional Innovation Commercialization Plan
NEW
Bundle IP
Environment & Energy
Powering regional efforts in clean energy efficiency, such as shared emission standards, renewable energy generation and storage technology, green building standards and green-collar job training
Harnessing the power of the regional market by creating incentives to conserve energy, to move toward clean energy, to attract and retain innovators in the energy sector to locate here, and to encourage adoption of green technologies by businesses and consumers
Integrating regional policies and initiatives to drive transit-oriented development, high-speed inter-modal transportation networks and a clean and secure 21st century infrastructure
The Chesapeake Crescent will become a global leader in clean energy and a sustainable environment by:
Secure and Sustainable Development
Creating competitive region-wide job and housing markets, including through incentives for workforce housing in high-density nodes linked by high speed transit, connecting jobs and housing from Aberdeen to Richmond and beyond
Working with the Federal government to accommodate the growth of a high quality Federal workforce and insure its security and safety
Developing a high-speed regional rail transportation strategy in the context of the 2009 Transportation Act
The Chesapeake Crescent will develop a secure and resilient 21st century infrastructure that provides a high quality of life for all residents by:
Regional Interdependency Requires Collaborative Action
Today, there is no truly collaborative mechanism—engaging public and private sector leadership to create regional policy and spur regional action to meet urgent regional challenges caused by global economic and environmental developments
Although global forces, and a single regional economic/social market warrant collaborative regional thinking, political and sectional boundaries foster fragmented decision-making
The opportunity to act is now—with aligned bi-partisan leadership at the federal and state levels, the Crescent can leverage regional public-private leadership to drive critical decisions and actions needed for the well-being of the entire region
Regional action is needed to drive business and job growth, while addressing critical quality of life issues such as transportation, housing, energy and the environment
The regional workforce demands of the Federal government and major private enterprises require immediate action to mitigate a deteriorating quality of life caused by congestion, accelerating prices and the need to re-staff the Federal workforce
LEADERSHIP, VISION, AND ACTION ARE NEEDED FOR A 21st CENTURY GLOBALLY COMPETITIVE REGION
Wilmington
Baltimore
Annapolis
Washington
Charlottesville
Richmond
Norfolk
Roger LondonInnovation Economy Program Director
410-340-5335
www.thechesapeakecrescent.com
