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Economic Development for Dummies

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This document outlines an agenda for a presentation on economic development. The agenda includes discussing what economic development is, who engages in economic development, what activities economic developers undertake, why economic development matters, and providing examples of organizations involved in economic development from the government, foundations, institutions, companies, and grassroots sectors.

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Economic Development for Dummies Geniuses Penguicon 2010 11am Sunday, May 2
Dummies Media: news cycle, every 1-2 days 2
Dummies Media: news cycle, every 1-2 days 2
Less Dumb Media: news cycle, every 1-2 days Business: close every month/quarter 3
Less Dumb Media: news cycle, every 1-2 days Business: close every month/quarter 3
Still Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years 4
Still Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years 4
No Longer Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years Economic Development: program out 5-10 years 5
Economic Development 6
Economic Development NOT Business Development 6
Economic Development NOT Business Development Altruism, Samaritanism, Socialism 6
Agenda 7
Agenda What is Economic Development 7
Agenda What is Economic Development Who does Economic Development 7
Agenda What is Economic Development Who does Economic Development What do Economic Developers do 7
Agenda What is Economic Development Who does Economic Development What do Economic Developers do Why Economic Development matters 7
Agenda What is Economic Development Who does Economic Development What do Economic Developers do Why Economic Development matters Economic Development Catalogue 7
What is EconDev? 8
What is EconDev? 8
What is EconDev? An Infrastructure Play 8
What is EconDev? An Infrastructure Play Its fertilizer 8
What is EconDev? An Infrastructure Play Its fertilizer (Too) often political 8
What is EconDev? An Infrastructure Play Its fertilizer (Too) often political Ruthlessly competitive 8
What is EconDev? An Infrastructure Play Its fertilizer (Too) often political Ruthlessly competitive Ruthlessly egalitarian 8
Who does EconDev? 9
Who does EconDev? Government 9
Who does EconDev? Government Foundations 9
Who does EconDev? Government Foundations Institutions 9
Who does EconDev? Government Foundations Institutions Corporations 9
Who does EconDev? Government Foundations Institutions Corporations Grassroots 9
Who does EconDev? Government Foundations Institutions Corporations Grassroots 9
What does EconDev do? 10
What does EconDev do? Business Acquisition, Retention, Expansion 10
What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development 10
What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development Entrepreneurial Support 10
What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development Entrepreneurial Support Umbrella Marketing 10
Entrepreneurial Support $ t 11
Entrepreneurial Support $ the payoff t the hole 11
Entrepreneurial Support $ y=x the payoff t the hole y x 11
Entrepreneurial Support $ y2 > x the payoff y2 y3 y4 t the hole y x 11
Entrepreneurial Support $ R=revenues dI > dR the payoff y2 y3 y4 t the hole y x 11 I=investments
Why EconDev Matters 12
Why EconDev Matters Does stuff that others cant/wont 12
Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore 12
Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore Cluster economics - Napa, Holly, Si, e.g. 12
Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore Cluster economics - Napa, Holly, Si, e.g. Stakeholders - 鍖nancial, utility, social 12
EconDev Catalogue Government: Federal: stimulus, trade, SBA, SBIR State: MEDC, SBTDC, 21CJF County EconDev agencies Local: SmartZones (AA, TT, SPARK, e.g.) Neighborhood: DDAs 13
EconDev Catalogue Foundations: Kauffman, Mott, Kellogg, verticals Ford, Hewlett, Sloan CFSEM/NEI, DRC/1stStep 14
EconDev Catalogue Institutions: Incubators - Bizdom, YCombinator Tech Transfer - universities and research orgs Business Engagement - Hercules, Zoo examples Industry - CAR, LHC, Uptime 15
EconDev Catalogue Companies: Incubators - Franchisors, MLMs Utilities - power, communications, e.g. Corporate Venture arms Open Source Business - Celera/Venter, Sun/Joy, e.g. 16
EconDev Catalogue Grassroots: Incubator model - TechBrewery, e.g. Hackerspace model - i3detroit, e.g. Cowork model - Workentile Exchange, e.g. Co-op model - Factotem (YEN), e.g. 17
Thank You! David C. Bloom www.davidcbloom.com 18
Thank You! David C. Bloom www.davidcbloom.com 18

More Related Content

Economic Development for Dummies

  • 1. Economic Development for Dummies Geniuses Penguicon 2010 11am Sunday, May 2
  • 2. Dummies Media: news cycle, every 1-2 days 2
  • 3. Dummies Media: news cycle, every 1-2 days 2
  • 4. Less Dumb Media: news cycle, every 1-2 days Business: close every month/quarter 3
  • 5. Less Dumb Media: news cycle, every 1-2 days Business: close every month/quarter 3
  • 6. Still Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years 4
  • 7. Still Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years 4
  • 8. No Longer Dumb Media: news cycle, every 1-2 days Business: close every month/quarter Politics: campaign every 2-4 years Economic Development: program out 5-10 years 5
  • 10. Economic Development NOT Business Development 6
  • 11. Economic Development NOT Business Development Altruism, Samaritanism, Socialism 6
  • 13. Agenda What is Economic Development 7
  • 14. Agenda What is Economic Development Who does Economic Development 7
  • 15. Agenda What is Economic Development Who does Economic Development What do Economic Developers do 7
  • 16. Agenda What is Economic Development Who does Economic Development What do Economic Developers do Why Economic Development matters 7
  • 17. Agenda What is Economic Development Who does Economic Development What do Economic Developers do Why Economic Development matters Economic Development Catalogue 7
  • 20. What is EconDev? An Infrastructure Play 8
  • 21. What is EconDev? An Infrastructure Play Its fertilizer 8
  • 22. What is EconDev? An Infrastructure Play Its fertilizer (Too) often political 8
  • 23. What is EconDev? An Infrastructure Play Its fertilizer (Too) often political Ruthlessly competitive 8
  • 24. What is EconDev? An Infrastructure Play Its fertilizer (Too) often political Ruthlessly competitive Ruthlessly egalitarian 8
  • 26. Who does EconDev? Government 9
  • 27. Who does EconDev? Government Foundations 9
  • 28. Who does EconDev? Government Foundations Institutions 9
  • 29. Who does EconDev? Government Foundations Institutions Corporations 9
  • 30. Who does EconDev? Government Foundations Institutions Corporations Grassroots 9
  • 31. Who does EconDev? Government Foundations Institutions Corporations Grassroots 9
  • 33. What does EconDev do? Business Acquisition, Retention, Expansion 10
  • 34. What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development 10
  • 35. What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development Entrepreneurial Support 10
  • 36. What does EconDev do? Business Acquisition, Retention, Expansion Workforce Development Entrepreneurial Support Umbrella Marketing 10
  • 38. Entrepreneurial Support $ the payoff t the hole 11
  • 39. Entrepreneurial Support $ y=x the payoff t the hole y x 11
  • 40. Entrepreneurial Support $ y2 > x the payoff y2 y3 y4 t the hole y x 11
  • 41. Entrepreneurial Support $ R=revenues dI > dR the payoff y2 y3 y4 t the hole y x 11 I=investments
  • 43. Why EconDev Matters Does stuff that others cant/wont 12
  • 44. Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore 12
  • 45. Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore Cluster economics - Napa, Holly, Si, e.g. 12
  • 46. Why EconDev Matters Does stuff that others cant/wont Tidal economics - Sun Belt to Singapore Cluster economics - Napa, Holly, Si, e.g. Stakeholders - 鍖nancial, utility, social 12
  • 47. EconDev Catalogue Government: Federal: stimulus, trade, SBA, SBIR State: MEDC, SBTDC, 21CJF County EconDev agencies Local: SmartZones (AA, TT, SPARK, e.g.) Neighborhood: DDAs 13
  • 48. EconDev Catalogue Foundations: Kauffman, Mott, Kellogg, verticals Ford, Hewlett, Sloan CFSEM/NEI, DRC/1stStep 14
  • 49. EconDev Catalogue Institutions: Incubators - Bizdom, YCombinator Tech Transfer - universities and research orgs Business Engagement - Hercules, Zoo examples Industry - CAR, LHC, Uptime 15
  • 50. EconDev Catalogue Companies: Incubators - Franchisors, MLMs Utilities - power, communications, e.g. Corporate Venture arms Open Source Business - Celera/Venter, Sun/Joy, e.g. 16
  • 51. EconDev Catalogue Grassroots: Incubator model - TechBrewery, e.g. Hackerspace model - i3detroit, e.g. Cowork model - Workentile Exchange, e.g. Co-op model - Factotem (YEN), e.g. 17
  • 52. Thank You! David C. Bloom www.davidcbloom.com 18
  • 53. Thank You! David C. Bloom www.davidcbloom.com 18