ACCELERATE ARKANSAS Presented to the Arkansas Executive Summit Workplace of the Future April 19, 2006
Relevance Relevance Success Strategy Action Discussion 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
Relevance Relevance Success Strategy Action Discussion 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
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 Relevance Relevance Success Strategy Action Discussion Accelerate Arkansas Membership Statewide membership 35 members and increasing Public, private, and academic partnership Private sector majority
Relevance Relevance Success Strategy Action Discussion 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
Relevance Success Strategy Action Discussion Success Milken - CBER RESEARCH SEPTEMBER 2004 ACCELERATE ARKANSAS RELEASES ITS MAJOR RESEARCH REPORT
Relevance Success Strategy Action Discussion Success 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!
Relevance Success Strategy Action Discussion Success THE RISK OF INACTION
Relevance Success Strategy Action Discussion Success 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
Relevance Success Strategy Action Discussion Strategy 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
Relevance Success Strategy Action Discussion Strategy 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
Relevance Success Strategy Action Discussion Strategy 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
Relevance Success Strategy Action Discussion Strategy Strategic Planning ResultsJob-Creating Research
Relevance Success Strategy Action Discussion Strategy Strategic Planning ResultsEntrepreneurship Development
Relevance Success Strategy Action Discussion Strategy Strategic Planning ResultsRisk Capital
Relevance Success Strategy Action Discussion Strategy Strategic Planning ResultsSTEM Education
Relevance Success Strategy Action Discussion Strategy Strategic Planning ResultsSuccessful Existing Industry
Relevance Success Strategy Action Discussion Action 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
Relevance Success Strategy Action Discussion Action Stakeholders to Mobilize • Educators • Researchers • Investors • Industry Leaders • Entrepreneurs • Communities
Relevance Success Strategy Action Discussion Action Resources • Public policy and investments are important enablers, but . . . • The Accelerate Arkansas agenda also involves • addressing conflicting commitments, • changing priorities, and • building new knowledge.
Relevance Success Strategy Action Discussion Action 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.
Relevance Success Strategy Action Discussion Discussion Contact Information • For continuing information, join the moderated email announcement list. • Send an email to: • AccelerateArkansasfirstname.lastname@example.org • By registering at yahoogroups.com, you can view archives and documents loaded there.
Relevance Success Strategy Action Discussion Discussion Let us hear your questions, ideas, and suggestions. Discussion On behalf of Accelerate Arkansas, thank you for your attention and participation.