Executing Your Plan

8/8/2019 Executing Your Plan

http://slidepdf.com/reader/full/executing-your-plan 1/27

Executing your Plan



Module 5

Describing a CollaborativeRegional EconomicDevelopment Framework

Leading the Planning Effort

Detecting Regional Advantage

Formulating Strategies

Executing Your Plan

Module Objectives

*Starting implementation

*Leveraging Resources

*Monitoring & measuringimpacts

*Reporting & promotingOutcomes



Objectives

I. Establish an Implementation Plan

II. Sustain initiatives by using available funding

opportunities

III.Measure economic development outcomes

IV.Report regional economic development

outcomes



I.

Establish an

Implementation Plan



Purpose of Implementation Guides

• Focus and Prioritize Actions

• Assign Responsibility

• Address Current and Future Resource Needs

• Offer a Regional Tool for Communication

• Measure your Progress

• Provides opportunity to celebrate success or

correct action



Elements of Priority Strategy

Implementation Plans• Rationale for Action (Challenges)

• The Intended Outcomes (Goals)

• The Proposed Initiatives (Strategies)

• The Actions and Tasks (Tactics)

• Success Measures

-Outcome Metrics

-Implementation milestones

• Partners (Convener and Stakeholders)

• Funding Needs



Implementation Plan

Assessment of Feasibility Assessment of Relevance

Identifying Potential Actions

Organizing the Tasks into a Logical Framework

Identify and Recruit

Convener

Identify and Recruit

Collaborators

Metrics & Milestones

Funding Options

Strategy



Strategies for Engaging Regional

Implementation Champions and Partners

• Gain resolutions of support from local governments,

nonprofit organizations & other key stakeholders

• Negotiate leadership commitments for individual

strategy elements

• Create buzz….

•Develop a “roll-out” strategy

•Communicate with the press and leadership

•Conduct a regional economic summit



II.

Accessing Available

Funding Opportunities to

Support and Sustain

Initiatives



Funding Considerations

• Does your regional view or industry cluster analysis

open workforce development funding opportunities with

neighboring jurisdictions?

• Do your regional clusters involve sectors that other

government of private organizations are supporting?

• Can you integrate workforce development with public or

private construction projects in your region?



Funding Considerations (cont.)

• Do your plans involve K-12, community college or

university education?

• What Congressional committees do your Senators of

Congress persons serve on?

• Are you familiar with DOL funding for youth and

dislocated workers?

• Can any of your programs be tied to soft skills andentrepreneurship that local or national foundations might

fund?



Types of Funding

Nonprofit

Foundations

Local and Regional

Businesses

(sponsorship and

company giving)

Federal Grants

State Grants

Local GrantsPrivate

Foundations



II.

Measuring Economic

Development Outcomes



12 Steps to Regional Prosperity

12 Steps to Regional Prosperity 4 Major Planning Phases

Executing

Your

Plan

Design your implementation plan

Leverage your resources

Monitor your progressPromote your success

Assess your assets & challengesDescribe your future

Define your actions

Focus your energy

Leading the Planning Effort

Detecting Regional Advantage

Formulating Strategies

Call the region to action

Engage your leaders

Define your geography

Identify your economic advantage



Inputs

• Time

• Funding• Staff • Volunteers• Facilities• Partners

Activities

Tactics andtasks toachieveparticularresults.

MeasuringOutcomes

Success measuresthat indicateprogress towardsthe vision.

Specific metrics orimplementationmilestones thatmeasure progresson your selectedstrategies.

•Leading

•Detecting

•Formulating



Why Evaluate your Development

Initiatives?

• Provides an objective feedback mechanism

• Offers a measure of program effectiveness

• Helps identify success or failure of initiative

• Signals the need to adjust or realign course of

initiative

• Provides accountability



Why Evaluate your Development

Initiatives (Cont.)?

• Permits a return on investment (ROI) assessment

• Motivates and sustains participation• Justifies funding requests

• Provides an opportunity to motivate and sustain

participation and buy-in



Characteristics of Appropriate

Outcome Metrics• Specific

• Measurable

• Achievable

• Relevant

• Time-Based



To seek:• Objective and reliable

collection by an

uninvolved government

agency

• Geographic detail to

match your region

• Available time-series

• Understandable

methodology• Data readily available

(web)

To avoid:• Considerable time-lags

• Something your activity

cannot realistically effect

• “Black box” methodology

• Geographic detail not

reflective of your region

• Costly to collect

• Irregular collection or

publication

Outcome Metrics Characteristics



Some Outcome Metrics Commonly

Used to Measure Regional Prosperity

• Job Growth or Retention

• Unemployment Rate

• Average Wage

• Per Capita Income

• Income Growth by Ethnicity

• Median Household Income

• Poverty Rate



• K-12 Test Scores

• SAT Scores

• Graduation Rates

• Educational Attainment

• Labor Force

OccupationalComposition

• Specialization by

Traded Cluster • Patents

• Commuting Time

• Tax Burden

• Cost of Doing Business

• Cost of Living

Some Outcome Metrics

Commonly Used to Measure

Regional Assets



Other Methods

for Producing Outcome Metrics

• Implementation Milestones Reports

• Regional Surveys• Regional Leadership Interviews

• Benchmark Reports

.



IV.

Reporting RegionalEconomic Development

Outcomes



Getting your Message OutMeans and Methods of Reporting Outcome Metrics

Consider Effective Formats and Venues

Examples:

• Your website

• Digital or print newsletters

• Talks before civic and neighborhood groups

To be effective, like any marketing

campaign, you will need to use multiple

means of communication over a sustained

period of time.



Getting your Message OutMeans and Methods of Reporting Outcome Metrics

Examples (cont):

• Presentations before public hearings or commissions

• Press releases

• Schedule interviews with local media



Exercise

Working with the people at your table, use the

implementation worksheet, select one challenge in

your region and complete the remaining sections of

the worksheet in a draft format.



Review, Questions, and

Discussions

Documents

Executing Your Plan