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ICMA Regional Summits

ICMA Regional Summits. Dr. Gerald L. Gordon President and CEO Fairfax County (VA) Economic Development Authority. Fairfax County, Virginia. FCEDA Facts. ● more than 600,000 jobs, more than the District of Columbia

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ICMA Regional Summits

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  1. ICMA Regional Summits Dr. Gerald L. GordonPresident and CEOFairfax County (VA)Economic Development Authority

  2. Fairfax County, Virginia

  3. FCEDA Facts ● more than 600,000 jobs, more than the District of Columbia ● more than 115 million square feet of office space, second largest suburban market total in the country ● 10 Fortune 500 corporate headquarters ● 370 foreign-owned businesses, employing more than 25,000 residents directly ● #1 high school in the United States, and X of the top XX (US News and World Report) ● “One of the great economic success stories of out time.” (Time magazine)

  4. FCEDA Recent Successes • 2008 Volkswagen North America • 2009 Hilton Worldwide • 2009 SAIC • 2008 CSC • 2010 Northrop Grumman • 2011 Bechtel (plus hundreds of small companies)

  5. Other Settings for Economic Development Caithness, Scotland ■ SnohomishCounty, WA ■ Long Island, NY■ ■ Poznan, Poland ■ Fairfax County, VA ■ ■ Lenoir County, NC Dallas, TX ■ ■ Vieques, Puerto Rico ■ Yap, Micronesia

  6. A Three Book Series • The Formula for Economic Growth on Main Street America (2009) • Reinventing Local and Regional Economies (2011) 3. The Viability of America’s Micropolitan Economies (2013)

  7. Book Case Studies by ICMA Locations

  8. Lessons from Reinventing • State of Mind/ Advance in the Best of Times (Dubuque, Charlotte) • Static Economies/ Laissez Faire (Seattle, Detroit) • Taking the Long-Term View (Youngstown, The Bronx) • Closing the Asset Gaps/Clusters (Lexington, Phoenix) • Public Leadership Redefined (Dayton, Rochester) • Planning and Implementation Across Traditional Lines (Rochester, Albuquerque) • Managing Expectations (Birmingham, Pittsburgh) • Return-on-Investment (Fairfax County, Milwaukee) • Growing City-Suburban Tensions (Buffalo)

  9. Strategic and Tactical Steps PREPARE A STRATEGIC PLAN 5 year/ 1 year process strategic thinking inclusiveness stay within yourself/ be realistic mesh all relevant plans

  10. Conduct an Asset Gap Analysis Given the vision, what industries will be targeted? What assets do they require? What assets do you possess? What is missing? How do you acquire those missing assets? What do you do in the meantime?

  11. Considerations to Resolve What is the role of the airport, the military base, the community college, college, and university? Do you have a place ready for employers? (chicken-and-egg) How do you build your local budgets?

  12. The Critical Importance of Metrics Plans MUST have metrics? A system must be in place to collect the data. The outcomes must be reported to the community. R-O-I…translate results into things residents can appreciate.

  13. Lessons/Discussion State of Mind/ Advance in the Best of Times Static Economies/ Laissez Faire Taking the Long-Term View Closing the Asset Gaps/Clusters Public Leadership Redefined Planning and Implementation Across Traditional Lines Managing Expectations Return-on-Investment Growing City-Suburban Tensions

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