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ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTER APRIL 12 th , 2013

ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTER APRIL 12 th , 2013. WHO WE ARE.

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ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTER APRIL 12 th , 2013

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  1. ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTER APRIL 12th, 2013

  2. WHO WE ARE Missoula Economic Partnership is a broad, collaborative effort of more than 30 strategic partners and 80 business, individual and government investors, all of whom share a vision of a vibrant, growing and diversified regional economy in Western Montana.

  3. WHAT WE DO Missoula Economic Partnership serves as a centralized resource to accelerate the growth of existing and startup businesses and attract relocating businesses to Missoula County.

  4. OURGOALS • • Create 2,500 new primary jobs, paying a sustainable wage rate of $37,000/year • • Increase capital investments by $150 million • • Encourage 25 new business startups with innovative or tech-related concepts • • Recruit 25 “best-fit” companies to relocate or expand to Missoula

  5. OUR STRATEGY BUSINESS EXPANSION & RETENTION BUSINESS START UP BUSINESS ATTRACTION

  6. BUSINESS RETENTION & EXPANSION The Partnership provides direct, prescriptive strategic planning consultation to local businesses. We direct specific programs aimed at helping businesses grow: Business Visitation A2B Business Mentoring – free, individualized mentorship from experienced business experts Innovation Initiative Air Service Task Force – low-cost carrier attraction, intrastate service expansion, with aim of reducing business travel costs

  7. START UP ASSISTANCE MEP Angel Network – connects Missoula-based investors with local, growing companies Innovation Initiative – brings together a variety of businesses and entrepreneurs to connect with one another and obtain guidance from seasoned business professionals

  8. BUSINESS ATTRACTION Life Sciences Back Office & Creative Professional Services Information Technology Forest Products & Renewables Manufacturing

  9. STRATEGIC PARTNERSHIPS Missoula Economic Partnership fosters connections between the business community and multiple strategic partners. Our partners include public, private and nonprofit organizations.

  10. RESOURCE EXAMPLE Economic Gardening- Strategic marketing and high-level technical assistance grant for growth oriented entrepreneurs creating primary economic growth and jobs. Administered by BREDD. Benefits to Businesses • Strategic growth planning assistance and high-level market research provided by qualified professionals, matched with companies based on areas of expertise • Objective recommendations provided by unbiased, third party service providers • Bridges are built among diverse resource providers and businesses, allowing for increased depth and breadth in networking, collaboration and innovation • Develop connections between businesses and the people and organizations that can help take them to the next level

  11. END OF PART I QUESTIONS?

  12. STATERESOURCES

  13. “No amount of programmatic support will change a bad business model into a good one.”“Incentives are a race to the bottom.”

  14. STATE FUNDING Job Creation Training Planning

  15. MONTANA PROGRAMS • Big Sky Economic Development Trust Fund (BSTF) Category I & Category II • Workforce Training Grant Program (WTG) • Community Development Block Grant (CDBG) • Montana Board of Investment Infrastructure Loan • Montana Board of Investment Loan Participation • Montana Technology Innovative Partnership (MTIP)

  16. STATE (continued) • Montana Board of Research & Commercialization Technology (MBRCT) • Indian Country Economic Development • Micro-Business Loans

  17. STATE (cont.) FEDERAL FUNDING • Growth Through Agriculture Grant • Growth Through Agriculture Loan • Small Business Innovative Research Grant • Small Business Technology Transfer

  18. STATE (cont.) FEDERAL (Cont.) • Economic Development Revolving Loan Fund • Small Business Administration 7A, 504, Int’l. Trade • Rural Development Rural Business Coop

  19. STATE (cont.) OTHER / ALTERNATIVE • Montana CDC • City / County • Angel

  20. WHAT AREYOUR MOST EFFECTIVE TOOLS? STATE (cont.)

  21. TELLING OUR STORY STATE (cont.)

  22. CUSTOMER SERVICE STATE (cont.)

  23. STATE (cont.) BEST FIT INDUSTRIES

  24. MESSAGING TO THE WORLD Missoula Economic Partnership provides one of the most comprehensive economic development websites. Visit our website for detailed community information, sector reports and other resources.

  25. SPEAKING THE LANGUAGE

  26. QUESTIONS & ANSWERS

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