1 / 15

Defining & Measuring Economic Development

Defining & Measuring Economic Development. Maryann Feldman University of North Carolina June 14, 2014. Principles of the Approach. Data Intensive Using third-party data sources, minimizes burden to service recipients or client firms Evidence-Based Economic Development

iokina
Download Presentation

Defining & Measuring Economic Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Defining & Measuring Economic Development Maryann Feldman University of North Carolina June 14, 2014

  2. Principles of the Approach • Data Intensive • Using third-party data sources, minimizes burden to service recipients or client firms • Evidence-Based Economic Development • Information in real time • Progress in building capacity • Increase understand • Local industrial activity • Gaps • Changes in capacity

  3. Challenges for Measurement • No Pure Treatment Effects • Selection effects • Complexity • Ecosystems • Emerging industries • Time Lags in Realizing Benefits • The Perils of Success

  4. UnderlyingLogic Model • Inputs are Investments & Programs - Activities • Capacity Outcomes • Community Capacity • Firm and Industry Capacity • Entrepreneurial Capacity • Innovative Capacity • Realized Outcome • Prosperity • High Quality of Life

  5. Methodology • 40 projects (2010 – 2011) • Identify Technology • NAICS ~ 25 % • Identify Policy Intervention • Identify Geography • Reality versus writing the proposal • Analyze Client Lists to settle technology & geography • Analyzed 14 Digital 3rd Party Metrics

  6. Beyond Jobs • Social Networks • Dealmakers • Private Investments • Mergers and Acquisitions • Public Offerings • Venture Capital Investment • New Firm Entry • Value Chain Augmentation • Regional Industry Vitality • Skills and Job Availability • Cluster Identity • SBIR Awards • New Federal Spending • Patents Trademarks

  7. Measurable Increases in Capacity

  8. Social Capital: Dealmakers

  9. Labor Force Analytics • Supply • Jobs posted • Wage rates • Skills Sought • Days job open • Demand • Job seekers • Skills available • Degrees/Training/Certification

  10. Value Chain Augmentation

  11. Regional Identity: 2010

  12. Regional Identity: 2010 & 2014

  13. Change Conversation • Data intensive Evidence Based Economic Development • Rather than ex post evaluation – these metrics will help • Better project planning • Fast pivots • Innovation and Entrepreneurship is a Means to an End • Not an end in itself • Better understanding your service area and the impact of your project helps you adjust programing to achieve results

  14. Thank you

More Related