1. Della G. Rucker, AICP CEcDThe Wise Economy Workshop Jim Kinnett, CEcD, FM, EDFPThe Kinnett ConsultingS GroupMark Barbash, FMEconomic Development Consultng

2. Whatis Local Economic Development? Best Practices and National Trends Howis your community doing? What you can do to help your community improve? 3. Della Rucker Jim Kinnett MarkBarbash 4. 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. 5. Public-private organizations Chambers City departments Regional organizations State organizations Neighborhood, downtown,community developmentorganizations Increasingly, you. 6. Never waste agood crisis! 7. Cuts at state AND federal levels Stress on operating ED budgets 8. New ways to collaborate Restructuring of state and local ED partnerships Whats the future of incentives? 9. ChangingState Roles Wisconsin Florida Ohio Localand regional groups adjusting to the new reality 10. Ambivalence/Disconnectover manufacturing Re-shoring in someindustries, but its not thesame Pressure to improveefficiency The right skills for the rightjob. 11. Web enabled site selection Globalcompetition - even for small communities 12. Criticalneed for retention and expansion 13. Musthave a fully qualified workforce 14. New types of work andspaces Increasing importance ofsmall businesses (but notjust any) Changing ways to dobusiness Freelancer Economy 15. StrategicDoing vs. Strategic Planning Increasedfocus on skill and workforce development EconomicGardening vs. Entrepreneurship 16. The knowledgeeconomy Everyones in theinnovation business Connect to highereducation. Importance of placesthat matter. 17. Onlinenetworks and communication Speed& reach of ideas Crowdsourcedfinance 18. 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? 19. A-list Do you have adequate fiscalresources to meet short-termneeds? Do you have adequate fiscalresources to meet long-termneeds? Is the community maintainingthe number &quality of jobs? Is the community dependenton one or a small number ofbusinesses? 20. B-List Is your environmentimproving? Is your crime activityincreasing? Do you have housingthat your residents canafford, and a range ofhousing choicesavailable? Is educationalattainment improving? 21. C-List Is leadership strong in your Do your have strongcommunity? transportation systems? Is tolerance, diversity andinterest strong in your Is there socialcommunity? harmony in the Community? Do you have a strong healthcare delivery system? 22. Town A:Litmus Item High Medium LowShort term fiscal strength? XNot dependent on one /small # Xbusinesses?Quality of jobs?XEducational attainment? XLack of crime?XHousing cost? XLeadership? XDiverse range of people?X 23. Town B:Litmus Item High Medium LowShort term fiscal strength? XNot dependent on one /small # Xbusinesses?Quality of jobs?XEducational attainment? XLack of crime?XHousing cost? XLeadership? XDiverse range of people?X 24. Strategic Perspective Tactical Opportunistic Organized DelusionClueless Apathy Hostile Waters 25. Talk to each other Prod the economicdevelopers to talk toeach other Tear down the wallsbetween you and them Make all plans in realpartnership 26. Beaccountable to the public Pullthem into the conversations to help you find the best answers How? Stay tuned. 27. Della Rucker, AICP, CEcD James Kinnett, CEcD, FM, EDFPThe Wise Economy WorkshopThe Kinnett Consulting Groupwww.wiseeconomy.comwww.kinnett.bizDella.rucker@wiseeconomy.com Jim@kinnett.biz513.288.6613 812.290.5663 @dellarucker Mark Barbash, FM Della Rucker AICP CEcDEconomic Development ConsultingAlso on LinkedIn and www.markbarbashconsulting.comGoogle+mark@markbarbashconsulting.com Also on LinkedIn