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Explore cluster analysis, partnerships, and economic strategies at the Washington Economic Development Association's 2011 Spring/Summer Conference. Learn about industry insights, workforce needs, and growth recommendations. Discover the value of collaborative approaches in understanding and enhancing the economy. Contact Marléna Sessions or Jeff Marcell for more information.
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WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating for Industry Cluster Analysis and Development
Relationship - Background • Formal Partnership • Board and executive committee seats • Grant execution and project partnerships • Service delivery to client companies • Informal Partnership • Information sharing • Board member/community leader sharing • Champion for each other’s mission and organization
Diving Deeper into Our Economy Opportunity and Challenge: Puget Sound Regional Economic Strategy-Prosperity Partnership
Prosperity Partnership & the Regional Economic Strategy A Two-Pronged Approach PROSPERITY PARTNERSHIP ACCOMPLISHMENTS NEW REGIONAL ECONOMIC STRATEGY FEEDBACK AND SUGGESTIONS
Diving Deeper: Our Economy • Understand Our Niche Expertise within Industry Clusters • Make Connections with the Companies within those Niche Clusters • Assist in the Success of these Companies Serving the mission of both organizations
Diving Deeper: Our Economy Interactive Media Analysis • Convened a sector panel, developed a career map and a plan to meet long-term cluster workforce needs. • Competitive market comparisons for interactive media • Serving the industry: Academy of Interactive Entertainment
Diving Deeper: Our Economy Fashion and Apparel Analysis Jointly funded analysis identified: • Industry cluster impacts and strengths • Workforce needs and occupations • Emerging trends in apparel technology • Industry cluster recommendations for growth
Diving Deeper: Our Economy Financial Services Analysis Jointly funded analysis identifying: • Size and impact of the cluster in our state • Subsectors that make up the cluster • Opportunities to influence industry’s growth • Workforce opportunities and challenges
Program Data Results • Interactive Media career map • Strategic market intelligence gathered—we know our value proposition • Understand gaps between jobseeker skills and employer needs • Specific recruitment successes (AIE)
How-to and Lessons Learned • Quantitative and qualitative • Analysis, not a study • Look for what makes your economy unique • Bring in other partners to help fund • Hold an event to announce the findings and generate media attention • Just the beginning
Data driven • Serving multiple purposes • Leveraging each organization’s strengths for the benefit of both The Value of this Collaborative Approach to Understanding our Economy
What Is Next • Prosperity Partnership Update • Industry cluster activity • Industry support • Cross-sector collaboration and skills evaluation
Contact us! Marléna Sessions, CEO msessions@seakingwdc.org www.seakingwdc.org Jeff Marcell, President/CEO jmarcell@enterpriseseattle.org www.enterpriseseattle.org