Building a Regional Economic Development Blueprint:

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1 Building a Regional Economic Development Blueprint: Challenges, Strategies and Impacts of the SET Program Bo Beaulieu -- Purdue Center for Regional Development 2013 Annual Meeting of the CDS Charleston, SC

2 Rural America - - A Challenging Environment Population Decline Limited Leadership Pipeline Poverty & Income Inequality Public Education Quality Job Loss & Economic Shifts Race & Ethnic Issues

3 An Important Decision Let s work together to make things better. Get out of my sandbox. I m not playing with you.

4 SET: Working to Add Value to Local Economic Development Activities

5 What is SET Trying to Do? Help rural communities/counties work together as a regional team in developing and implementing A High Quality Regional Economic Development Plan that builds on the current and emerging economic strengths of their region.

6 The SET Support System o USDA Rural Development Federal State o Southern Rural Development Center & its sister Regional RD Centers o Purdue Center for Regional Development o Extension Service State Land-Grant Universities

7 Several Components to SET The Team Vision & Goals Assets Data A Regional Plan

8 Building a Regional Team: A Focus on Inclusion Local Residents Business & Industry LEDOs Nonprofit, Voluntary & Faith-Based Groups Regional Team Members Local & Regional Government Health Education

9 SET... Expanding Engagement 464 Initial Participants (Phases I & II) 1,679 Participants (+362%) 1,7 Beginning of SET By the End of SET

10 Carefully Studying Pertinent Data

11 Demographic & Economic Information

12 Exploring Regional Industry Clusters Groups of similar and related firms in a defined geographic area that share common markets, technologies, worker skill needs, and that are often linked by buyer-seller relationships

13 State-Level Clusters: An Example

14 Finding Ways to Plug the Leaks Regional Supplier Regional Demand Outside Supplier

15 Looking at Regional Expenditures

16 C.A.R.E for the Cluster Attraction Retention Creation Expansion Strengthening Your Cluster(s) Source: Barta, et al (2010) CARE Model

17 What We Do Next? Help Teams... o Develop vision and goal statements o Examine their assets o Coach them on building a regional plan o Help them select measures to track progress and determine success or impacts

18 The Ultimate GOAL of SET: Develop and Implement a High Quality Plan Evidence-Based Practical Aligned with Vision & Goals Team s Regional Plan Broadly Supported Focused on Regional Economic Development

19 Some of the Good Things Happening o 28 state are now part of the SET program o About 60 regions being reached o Approximately $6.2 million captured by SET regions to date (3:1 ratio) o New and lasting relationships being built

20 States Currently Part of SET

21 The Challenges o o o o o o o Getting traditional players to let more people in Getting leaders to embrace regional strategies Having both RD and Extension at the table Finding people with the right skills to do the training & coaching Getting people engaged and committed Producing a solid regional econ development plan Securing the data to document impacts

22 For More Information Introductory Overview of SET:

23 Contact Information Bo Beaulieu, PhD Director Purdue Center for Regional Development

24 The Response by Local Leaders? Don t go to the next county. They won t take care of you as well as we will. We have the best football team in the area. We want jobs... Any job will do.

25 A Recent SET Meeting in Colorado It was interesting to list the places where we have commonalities and the places we have vast differences. I think coming together on things that benefit not just communities but the entire region is going to be a great part of the process. Christina Oxley, Executive Director Craig, CO Chamber of Commerce Comment about May 1, 2013 SET meeting

26

27 The Raton Range Newspaper Each of those groups was formed under the Stronger Economies Together program funded by the U.S. Department of Agriculture. The federal government has been encouraging regional economic development in hopes that federal dollars awarded for economic development efforts will be used more efficiently.

28 What SET Provides Regional Teams Coaching Data & Analysis Technical Assistance Peer-to-Peer Networking hours of on-site coaching Hands on stepby- step process for building or enhancing regional plans Detailed demographic & socio-economic information Data and analysis on current and emerging clusters Guidance in implementing the plan Access to individuals with special expertise More-in-depth cluster analysis Monthly calls with State Partner and/or Coaching Team Members Webinars on key topics of relevance to multiple regions

29 Why?

30 Helps Determine Whose Voices Need to be at the Table

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