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Economic Summit 2010. Facilitated by John D. White BergerABAM May 1, 2010. Action Items. Advise likely magnet industries of this initiative Use responses to identify top three magnet sectors/businesses Ask sector of business representatives to serve on short-term Task Force

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economic summit 2010

Economic Summit 2010

Facilitated by John D. White

BergerABAM

May 1, 2010

slide3

Advise likely magnet industries of this initiative

  • Use responses to identify top three magnet sectors/businesses
  • Ask sector of business representatives to serve on short-term Task Force
  • Create updated summary of cluster strategy and its relevance to initiative
  • Brief Task Force on status of target clusters
  • Discuss and identify any incentives that should be offered
  • Assemble responses of providers regarding incentives available
  • Review prior model that identified links in chain (Hood Canal Bridge closure)
  • Reduce target list to single most promising and second more promising
  • Prepare recruitment package
  • Capitalize on industry connections to make initial contact
  • Determine team to make presentation to supplier
  • Provide follow up plan for additional information
  • Debrief after presentation

Supply Chain Summary of action steps: This initiative involves the direct participation of local “magnet” businesses or industry clusters whose suppliers may be open to exploring the advantages of locating on the peninsula to be closer geographically to their clients. It is intended not as a broad solicitation , but as a road test to see how this could be successful.

slide4

Convene lenders, potential partner organization and local business leaders to brief them on role of OFDA

  • Create short-term Task Force
  • Use brainstorming session with Task Force members to define range of financial tools that should be offered
  • Design single portal financing information tool
  • Create supporting collateral materials with basic information of services offered
  • Establish triage protocol to ensure that local resources are not being wasted on lending requests that don’t meet minimum standards
  • Create system to track and report back to community

Build a BankSummary of action steps: This initiative is intended to a) establish a new funding conduit known as the Olympic Finance Development Authority and b) engage local lenders in a collaborative effort to provide and seek referrals for legitimate funding requests and to expand the funding sources.

slide5

In conjunction with Tribes, assess assets that seem to be working and have high ROI

  • Simultaneously begin to assess untapped opportunities that could be cultivated
  • Determine if champions for untapped opportunities are available
  • Establish hotel advisory committee where input from hospitality community is actively sought
  • Create and publicize to-do list of high priority tourism improvement projects
  • Work with State DOC to define funding opportunities
  • At completion of new tourism survey by outside vendor, meet to discuss findings and next steps

Bring on the TouristsSummary of Action Steps: This initiative is intended to reinforce existing tourism efforts and to identify new tourism initiatives that can help attract more visitors and expand the scope of their experiences.

slide6

Brief Administrative Council as to tenor of discussion in the summit and solicit input

  • Ask Council to create a county-wide vision statement for educational achievement
  • Create a set of measurable outcomes to support achieving the vision, including increased graduation rates
  • Design communication plan that takes vision to the community and builds support for it.
  • Design and implement a reporting tool that can annually track progress on measureable outcomes
  • Provide opportunities for private sector employers to participate in programs that encourage students to stay in school by showing them the skills needed to get a job.

Redefine Education Achievement ExpectationsSummary of action steps: This initiative is intended to clearly articulate the high value the community places on both K-12 and higher education, the connection between a well trained workforce and a healthy economic, and the commitment to public and private partnerships to secure the level of academic achievement the community expects.

slide7

Discuss need for what kind, if any, of new communication venues or techniques would provide more real time information

  • Explore opportunities for most effective use of the community’s wired infrastructure
  • As part of action step above, explore tools that can be used
  • Look at EDC Board agenda and determine if increased intra-board communication time is warranted
  • Create a central calendar of all economic related meetings.

Knit the County TogetherSummary of action steps: This initiative is intended to provide for an increased level of communication among economic development participants across the county that will result in increased occurrences of strategic partnership.

supply chain knit the county together

The following three initiatives are already underway although additional communication is needed: Redefine Education Achievement Expectations – the five school districts with their respective boards Bring on the Tourists – the chambers of commerce, the Olympic Peninsula Visitor & Convention Bureau, the Olympic Tourism Commission Build a Bank - four EDCs (Clallam, Kitsap, Mason & Jefferson) working on the Olympic Finance Development Authority which will serve four counties

Supply ChainKnit the County Together
slide10

The EDC monthly board meeting becomes the communication platform for initiative progress

  • Stakeholders with assigned initiatives will work within their organizations but will be expected to communicate progress at monthly EDC board meetings
  • Progress reports will be updated on newly developed EDC website for the community
  • Communication through monthly KONP radio show, weekly EDC newsletter, new EDC website

Lead the WayThe Clallam EDC Board of Directors represents the county’s economic development leadership including public, private, education, tribal and chambers

build the chain

For the existing industries, identify major employers in the county that have a supply chain of vendors that are key to their success. With the industries that have that characteristic, define who those suppliers are and where they are currently located as part of a business attraction marketing plan

  • Develop a “grow your own” program that supports business development and expansion
  • Go to Green: as a region, clearly outline where we want to be in 3, 5, 10 years in education, workforce training, and development of businesses within the green economy
  • Through the development of a business friendly climate become a destination for business attraction
  • Bring on the Tourist: research the nation’s and world’s most successful and promising eco-tourism programs. Analyze the assets on the peninsula that could be mobilized to support an eco-tourism promotion, the return that could be expected, the model needed to implement a collaborative and integrated effort
Build the Chain
infrastructure is key

From telecommunications to roads to water and sewer, this region needs a vision to not only maintain existing infrastructure but implement new systems that facilitate business growth in the county.

Infrastructure is Key
nurture our schools

Create a coalition of education leaders, and business leaders to create a new vision of the community’s support of their educational institutions. The purpose of the coalition would be to :a) indicate that they hold education achievement as an essential ingredient to economic development, andb) to provide partnership opportunities that represent the community’s commitment to quality education. Included would be identification of possible funding that would support such a commitment

Nurture our Schools
identified clallam county industry clusters

Agriculture

  • Education
  • Marine Services
  • Forest Resources
  • Tourism
  • Technology
  • Healthcare
  • Finance
  • Building Trades
Identified Clallam County Industry Clusters