Saturday, August 4, 2007

Indiana University's Impact

With more than $2 billion in physical assets and a world-class reputation for academics and innovation, Indiana University (IU) will soon formally leverage its considerable intellectual muscle to grow the state of Indiana.

New IU president Michael McRobbie (himself an overt proponent of all things technology) has announced the appointment of longtime community advocate William B. Stephan to the new post of vice president of engagement.

Mirroring the unqualified success of Purdue University’s model of statewide engagement, IU is expected to extend its already formidable reputation in life sciences development on behalf of the state.

“IU is a tremendous asset to economic development in the state of Indiana,” said McRobbie in announcing Stephan’s new role. “We have a robust capacity for scientific research. We know how to transfer technology from the laboratory to the marketplace. We have a deep pool of talented experts in every aspect of starting and growing business ventures.”

Read more here.

Friday, August 3, 2007


Arizona's Fort Huachuca's Environmental Impact

A new study from the Center for Sustainable Economy finds past government reports have likely underestimated Fort Huachuca’s impacts on the local economy and environment. The study, titled “Fort Huachuca and the San Pedro River: Improving Water Deficit Liability Calculations Through Economic Modeling,” is authored by Janie Chermak, Ph.D., John Talberth, Ph.D., and Jason Hansen of the University of New Mexico and the Center for Sustainable Economy. Read more here.

Thursday, August 2, 2007

Warnings on NY State's Empire Zone Program

Companies that have received millions of dollars in tax breaks as part of the state's Empire Zone program have been put on notice by the state for failure to meet commitments to invest in economic expansion and promises to increase jobs. State officials announced they had notified 3,000 companies - nearly a third of participants, including three operating on Long Island - that they could lose tax breaks and other benefits under the program, launched more than two decades ago to stimulate economic growth and create jobs. This is the first time the state has officially notified participating companies of failure to meet their obligations under the program.

Read more here.

Wednesday, August 1, 2007

Food for Thought on Regional ED Strategy

There is some food for thought in this one!

This is from a recent editorial in the Toledo Free Press written by Professor Dan Johnson at the University of Toledo:

"For the past two decades, Harvard economist Michael Porter has traveled the world advising nations, provinces, states, cities and regions, how to become even more competitive. Porter and others have advanced the notion of economic “clusters” as a concept for understanding an area's economic strengths. Clusters are also advanced as the cornerstone of a strategy for making an area more competitive. Toledo and Northwest Ohio are well into “cluster” thinking.

But the immediate question is, “What now?” What is our approach to economic development as a city? As a region? What is our economic development strategy? Our priority? Our program? Our plan? And, our policy? Do we have any of the above? And, does anyone know?

My sense is that, in Toledo and Northwest Ohio, we are pursuing several approaches. We have many economic development strategies at work, emanating from multiple economic development organizations. We also have any number of programs — both public and private — operating to advance these strategies, and numerous plans in place to help organize and further our efforts.

My worry is that there are very few people in our community and region — even community and civic leaders — who know about or understand these strategies, plans, and programs. As a citizen or business person, could you call someone to find out what our economic development goals and strategies are for Toledo and Northwest Ohio?"

Tuesday, July 31, 2007

From Indiana...Education, Key to Economic Development

Everyone knows this, BUT we are still not doing enough to align education, workforce development, and economic development. Here is a view from Indiana.

David Lips, director of policy for the Indiana Economic Development Corporation, gave the keynote presentation, focusing on bringing business to Indiana and helping companies grow though regional collaboration.

"Indiana doesn't have a single economy," Lips said. "It has a bunch of regional economies. We encourage regions to act in concert."

A question and answer session followed Lips' presentation. The main topic of discussion was education, with one audience member asking if there would be enough jobs in the state for an expected surge in high school graduates.

"One of the main drives of economic development is the status of the workforce," Lips said, noting that there is a demand for educated workers. "Indiana is well known for its work ethic and needs a knowledgeable workforce to stay competitive."

Read more here.

Monday, July 30, 2007

WIRED Grant in Piedmont Triad, NC

The Piedmont Triad Partnership (PTP) has awarded two Focus Talent Development Grants during the fourth round of the WIRED Focus Grants program. The grants program is one of several strategies being employed by the PTP to enhance workforce development initiatives as part of a larger effort to improve the global competitiveness of the Piedmont Triad Region. The Focus Talent Development Grants fund demonstration projects in curriculum development, identification and dissemination of career information, and supply chain education.

Read more here.

Sunday, July 29, 2007

Older America Trends

Aging baby boomers constitute this decade's fastest growing age group, expanding nearly 50 percent in size from 2000 to 2010. This group-more highly educated, with more professional women, and more diverse than its predecessors-will add new stresses to suburban and Sun Belt locations where they are predominantly "retiring in place" with demands for health, transportation, and other services. Get the report here.