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Presented to the Arkansas Executive Summit PowerPoint PPT Presentation

Jerry Adams, Acxiom, Conway. John Ahlen, ASTA, Little Rock. Susan ... Sam Sicard, First National Bank, Fort Smith. Bill Thomas, Cross County Econ. Dev., Wynne ...

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Presented to the Arkansas Executive Summit

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ACCELERATE

ARKANSAS

Presented to the

Arkansas Executive Summit

Workplace of the Future

April 19, 2006


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ACCELERATE

ARKANSAS

  • Bring the best resources together to find optimal answers to compete in 21st Century Economy

  • Statewide Strategic Economic Development Plan

  • Cornerstones of knowledge, technology and entrepreneurship


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Accelerate Arkansas Values

  • In all we do, place the state of Arkansas first

  • Act highly collaborative; expect this of others

  • Encourage respectful disagreement to arrive at best possible course of action

  • Are a non-political organization and will conduct ourselves accordingly


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Jerry Adams, Acxiom, Conway

John Ahlen, ASTA, Little Rock

Susan Allen, ASU, Jonesboro

Phil Baldwin, Southern Dev. Bancorp, Arkadelphia

Jim Blakley, Ret. ADED, Hot Springs

Jeff Collins, U of A Walton College, Fayetteville

Jerry Damerow, UAMS BioVentures, Little Rock

Danny Ferguson, SW Energy, Fayetteville

Scott Ferguson, Former AR Rep, West Memphis

Len Fry, ASU, Jonesboro

Watt Gregory, Kutak Rock, Little Rock

Charles Hathaway, UALR, Little Rock

James K. Hendren, Task Force Knowledge-based Jobs, Little Rock

Carmie Henry Elect. Coop. of Arkansas, Little Rock

Leslie Lane, Arkansas Capital, Little Rock

Steve Lease, Ar Assoc Two Yr Colleges, Fort Smith

John Lewis, Team Lewis, Fayetteville

Uvalde Lindsey, Northwest Ark. Council, Fayetteville

Emon Mahony, Mahony Corp, El Dorado

Chris Masingill, Bebee for Governor, Pine Bluff

Mike Maulden, Entergy, Little Rock

Tim McFarland, Arkansas Capital, Fayetteville

Alan McVey, ADED, Little Rock

Elise Mitchell, Mitchell Communications, Fayetteville

Ted Moskal, Lawrence County C of C, Walnut Ridge

Tim O’Brien, UAMS BioVentures, Little Rock

Stacy Pittman, Cranford Johnson, Little Rock

Mark Saviers, Sage Ptrs., Little Rock

Sam Sicard, First National Bank, Fort Smith

Bill Thomas, Cross County Econ. Dev., Wynne

Henry Torres, Rural Sourcing, Jonesboro

Ashvin Vibhakar, University of Arkansas at Little Rock

Sam Walls, Arkansas Capital Corp., Little Rock

Dan Worrell, U of A Walton College, Fayetteville

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Accelerate Arkansas Membership

Statewide membership

35 members and increasing

Public, private, and academic partnership

Private sector majority


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Focus on Arkansas Per Capita Personal Income

Broaden the Base – no tax increases

Added State Tax Revenues: >$2 Billion

Strategy / Goal:

New and Better Jobs through knowledge-based industries driving per capita income to U.S. average by 2020

Arkansas Per Capita Personal Income as a Percentage of the National Average: 1929-2001


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Milken - CBER RESEARCH

SEPTEMBER 2004

ACCELERATE ARKANSAS

RELEASES ITS MAJOR

RESEARCH REPORT


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Overview of the Knowledge Economy

  • High Tech – Tier One –

    25 industries

    -U.S. employment 6.4%

    -AR. employment 1.7%

  • Knowledge-based – Tier Two –

    65 industries

    -U.S. employment 16%

    -AR employment 8.0%

    22.4% 9.7%

  • Where U.S. Job Growth Occurs!


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THE RISK OF INACTION


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2005 LEGISLATIVE SESSION

  • 10 Point Legislative Agenda

  • Act 2092 Increased Seed Capital and Research Matching Funds

  • Act 1232 Improved the competitiveness of various economic development laws


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Accelerate Arkansas Core Strategies

  • Support job creating research

  • Develop risk capital available for all stages of the business cycle and especially in the funding gap

  • Encourage entrepreneurship and accelerated new enterprise development

  • Increase the education of all Arkansans and especially the achievement in science, technology, engineering and mathematics (STEM) education

  • Sustain Successful Existing Industry Through Advancing Technology and Competitiveness


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Strategic Plan Support

Winthrop Rockefeller Foundation

Arkansas Department of Economic Development

Arkansas Science & Technology Authority

ACXIOM

AT&T

Arkansas Capital

Entergy

First National Bank – Fort Smith


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Strategic Planning

  • Four Strategic Plan Iterations (Using UALR / ADED Facilitation Technology and People)

    • Iteration #1 – Strategic Planning Steering Committee

    • Iteration #2 – Accelerate Arkansas Full Membership

    • Iteration #3 – Six Regional Meetings across Arkansas

    • Iteration #4 – Content Experts

  • Data Collection

    • UALR IEA: National Comparisons and Rural Best Practices

    • UA CBER: Scorecard


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Strategic Planning ResultsJob-Creating Research


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Strategic Planning ResultsEntrepreneurship Development


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Strategic Planning ResultsRisk Capital


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Strategic Planning ResultsSTEM Education


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Strategic Planning ResultsSuccessful Existing Industry


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IN ORDER TO CATCH UP WE MUST RUN FASTER

  • Other States are not standing still

  • Oklahoma – plans for $1 billion

    research endowment fund

  • We are not competing with each

    other…we are competing in a

    global economy


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Stakeholders to Mobilize

  • Educators

  • Researchers

  • Investors

  • Industry Leaders

  • Entrepreneurs

  • Communities


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Resources

  • Public policy and investments are important enablers, but . . .

  • The Accelerate Arkansas agenda also involves

    • addressing conflicting commitments,

    • changing priorities, and

    • building new knowledge.


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Use the Plan

The value of the Accelerate Arkansas strategic plan is in its being used to help inform decisions by stakeholders about the allocation of scarce resources among many worthy, competing efforts.


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Contact Information

  • For continuing information, join the moderated email announcement list.

  • Send an email to:

    • [email protected]

  • By registering at yahoogroups.com, you can view archives and documents loaded there.


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Let us hear your questions, ideas, and suggestions.

Discussion

On behalf of Accelerate Arkansas, thank you for your attention and participation.


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