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Funding and Sustainability WorkshopEcO15

Southeast Indiana

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Agenda

The Strategy Benefits of Collaboration Fundraising Process Panel Presentation of Community Fundraising Initiatives

North Vernon Education and Training Center Community Learning System

Sustainability Check List EcO15 Proposal Outcomes (2008-2010) EcO15 Sustainability Assumptions Discussion

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The Strategy“Connect the Dots”

Franklin

Decatur

Bartholomew

Jackson

Jennings

Ripley Dearborn

OhioSwitzerlandJefferson

State and National GovernmentLocal Elected OfficialsWorkforce DevelopmentEconomic Development EducationCommunity FoundationsCommunity Learning CentersBusinessCommunity OrganizationsAdult Basic EducationFoundationsAssociationsChamber of CommerceTraining ProvidersOther RegionsCommunity LeadersFunding Organizations

Total network of 400-450 relationships

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Benefits of Collaboration

Increase knowledge and amount of regional assets Develop common goals and interest Identify potential partners for specific initiatives Optimize funding streams and opportunities Increase regional support Foster additional innovation Build additional capacity Develop stronger economic clusters Integrate regional workforce development, economic development

and education strategies Build infrastructure Create regional competitive advantage Improve regional economy

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Fundraising Process

Create a Compelling Vision

Develop a Network

Maintain an Ongoing List of Funding Options and Relationships

Utilize Leverage

Do the Work

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Community Learning System Example

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Create a compelling vision

Conducted comprehensive economic growth study (Hudson Institute hired)

Formed community stakeholder team (large team) Used data to develop vision, mission, strategy

Focused on “Community Learning System” Bringing together education, business, government, and

community leadership Focusing on learners of all ages and those who teach them

(ages 0 to 99 and beyond) Learning and education as a major economic growth strategy

Hired full-time people to implement the strategy Implemented plan (PDCA: Plan do check act)

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Develop a network

Ten year network development: consider a “matrix” approach

Local: Education, Industry, Government, Economic

Development, Workforce Development, Community Foundation, Community Leadership

State: Government, Education, Workforce

Development, Industry, Philanthropic, “NGO’s” Federal (similar to state list)

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Maintain an Ongoing List of Funding Options and Relationships

Invest time in learning how the “system” works

Know the key focus areas where system can be improved (based on vision and strategic plans) Current and future budget opportunities of key

partners Grants Build fee for service models where possible

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ALREADY ACCOMPLISHED FUNDED PROJECTS

Economic Growth InvestmentsUNFUNDED PROJECTSMAJOR PROJECTS

Columbus Enterprise Development Center $1M

Columbus Learning Center (plus 20 years of operating funding)

Public/Private Investments

Economic Opportunities 2015(EcO15)

ECONOMIC GROWTH:ENTREPRENEURSHIP($5M)

REGIONAL LEARNING SYSTEM DEVELOPMENT($122M)

VISION 20/20:DOWNTOWN DEVELOPMENT($100M)

Hotel Indigo

$25M

$16M

$10M

$8M4th St. Parking Garage $12M

Education and Conference Center

$38M

$6M

Candlewood Suites $10M

Commons (public)

New Incubator $4M

STEM Physical Science Labs $3M

$15M

Cummins Office Bldg.

$8M

Signature Academy $5M Secondary Curricula Infrastructure $30M

$2M

$4MDream It Do It

4-Yr. Degree Programs(ongoing)

$3MCommons (public)

Outdoor Sports Complex

3rd St. Parking Garage $8M

$15M

$2MManagementDevelopment Hub

$12MIndoor SportsComplex

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Utilize Leverage

Build your plan based on what you want to accomplish and always have the “what’s next list ready”

Know strengths of people and your networks Do cost / benefits analysis (don’t stretch too thin) Collaboration will take you much further than going

solo (and most funders expect collaboration) Local Regional

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Do the Work

Live up to the plan laid-out Be prepared to be flexible; make strategic

shifts where necessary Believe in the vision and mission (and keep

the vision and mission at the forefront) Consider using project management

approach to do the work Tell the story often and well (hard to do but

worth the effort) Plan, Do, Check, Act (Refine)

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Definition of Sustainability

Sustainability is the continuation of benefits from a development intervention after major developmental assistance has been completed. It is also the probability of continued long-term benefits and the resilience to risk of the net benefit flows over time.

Source: IEG (Independent Evaluation Group of World Bank) Guidelines for Global and Regional Program Reviews-p.87

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EcO15 Outcomes (2008-2010)

Increase per capita income as a % compared to state and national averages. Increase the number of student enrollments in manufacturing related programs. Increase the number of student graduates in manufacturing related programs. Increase number of Manufacturing Skills Standards Certifications earned. Increase number of Associate of Science Nursing Degrees by 15% per year. Increase the number of Bachelor of Science Nursing Degrees from 15 to 40 per

year by 2010. Increase in critical thinking skills of healthcare professionals as measured by the

Assessment Technologies Institute certification assessment. Define career pathways in Advanced Manufacturing, Healthcare, and Hospitality

and Tourism industry sectors.

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EcO15 Sustainability Assumptions

Advanced Center of Manufacturing Excellence Below market lease payments by education providers. Regional manufacturer financial support. Some market rate rental fees from industry

Advanced Manufacturing Labs Host organization is responsible for ongoing maintenance through annual

budget process. Increased student enrollments.Dream It Do It Staff Regional manufacturer financial support.

Healthcare Education funding through increased enrollment. Healthcare providers. Private and community funding contributions. Grants

Hospitality and Tourism Employers, increased student enrollments, private and community funding

contributions, grants (same as healthcare).

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Discussion

Examples

Questions and Answers

Common Themes

Next Steps