1 / 50

Innovation Way: A Commitment to Compete

Innovation Way: A Commitment to Compete. Presented to: Orange County Board of County Commissioners March 29, 2011. Innovation Way: A Commitment to Compete. Presented by: Jim Spaeth, President of Remora Partners. Observations Educated people generate community wealth.

riva
Download Presentation

Innovation Way: A Commitment to Compete

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. Innovation Way: A Commitment to Compete Presented to: Orange County Board of County Commissioners March 29, 2011

  2. Innovation Way: A Commitment to Compete Presented by: Jim Spaeth, President of Remora Partners

  3. Observations Educated people generate community wealth.

  4. 1. Educated people generate community wealth. “Smart, entrepreneurial people are the ultimate source of a city’s economic power.” - Dr. Edward Glaeser, Director of the Taubman Center for State and Local Government, Harvard University, and author of The Triumph of the City (2011) “Smart people of the highly educated sort that economists refer to as ‘human capital’ are key engines of economic growth and development.” - Dr. Richard Florida, Director of the Martin Prosperity Institute, University of Toronto, and author of The Great Reset, 12/22/10

  5. Education levels determine any community’s wealth. - Source: American Community Survey, Census Bureau, ESRI (2010).

  6. Education levels determine any community’s wealth. Orlando (70th) - Source: American Community Survey, Census Bureau, ESRI (2010).

  7. Educational attainment determines personal income level. Median Annual Earnings – 2009 Source: Bureau of Labor Statistics, May 2010

  8. Educational attainment determines employment status. Unemployment Rates – February 2011 Blended rate of 8.9% Source: Bureau of Labor Statistics, March 2011

  9. Observations Educated people generate community wealth. Educated people are leaving Orlando.

  10. 2. Educated people are leaving Orlando. Net gain of 36,411 in working age population in Orlando MSA masks loss of 11,241 workers with degrees - Source: American Community Survey, Census Bureau (2009).

  11. Educated people are arriving in Austin. Net gain of 100,838 in working age population in Austin MSA contains gain of 45,968 workers with degrees. - Source: American Community Survey, Census Bureau (2009).

  12. Orlando is one of only 34 cities with over 30,000 new workers from 2007-09. - Source: American Community Survey, Census Bureau (2009).

  13. Orlando is the only one of those cities that lost people with college degrees. - Source: American Community Survey, Census Bureau (2009).

  14. 30 cities attracted a workforce consisting of at least 30% with college degrees. - Source: American Community Survey, Census Bureau (2009).

  15. From 2000-09, Orlando ranked next to last in the % of new workforce with degrees. - Source: American Community Survey, Census Bureau (2009).

  16. Subtracting 2007-09, Orlando still ranked below average. - Source: American Community Survey, Census Bureau (2009).

  17. Observations Educated people generate community wealth. Educated people are leaving Orlando. Therefore, Orlando is losing community wealth.

  18. Due to its loss of educated people, Orlando now has less community wealth. - Source: American Community Survey, Census Bureau, ESRI (2010).

  19. Losing educated population means losing more community wealth. - Source: American Community Survey, Census Bureau, ESRI (2010).

  20. Orlando’s competitors for life science companies are all gaining educated people. - Source: American Community Survey, Census Bureau, ESRI (2010).

  21. The only way to compete with those cities is to attract educated people. - Source: American Community Survey, Census Bureau, ESRI (2010).

  22. Attracting educated people will increase community wealth. - Source: American Community Survey, Census Bureau, ESRI (2010).

  23. Attracting educated people will increase community wealth. Increased community wealth creates options for investment – in people and places. - Source: American Community Survey, Census Bureau, ESRI (2010).

  24. Observations Educated people generate community wealth. Educated people are leaving Orlando. Orlando is losing community wealth. The Innovation Zone attracts educated people.

  25. The Innovation Zone occupies portions of eastern Orange and Seminole counties. I I SSC FS UCF I VCC RP I 408 I 528 OIA 434 VCC 417

  26. The Innovation Zone contains an impressive collection of innovation economy assets. I I SSC FS UCF I VCC RP I 408 I 528 OIA 434 VCC 417

  27. The Innovation Zone houses the most educated people in central Florida. Concentration of bachelors degrees in central Florida Concentration of graduate degrees in central Florida

  28. The Innovation Zone houses the most educated people in central Florida. Concentration of graduate degrees in central Florida

  29. The Innovation Zone houses the most innovative people in central Florida. Concentration of technology workers in central Florida Concentration of graduate degrees in central Florida

  30. The Innovation Zone houses the most innovative people in central Florida. Concentration of computer workers in central Florida

  31. The Innovation Zone houses the most innovative people in central Florida. Concentration of life and social science workers in central Florida

  32. The Innovation Zone houses the most innovative people in central Florida. Concentration of education workers in central Florida

  33. The Innovation Zone links assets, people and jobs together in innovative industries. I I Optics & Photonics: 15,000 jobs Modeling & Simulation: 16,000 jobs SSC FS UCF I VCC RP I 408 I Life Sciences: 16,200 jobs Digital Media: 30,000 jobs 528 OIA 434 Space? Cleantech? VCC 417

  34. Those innovative industries create innovative ideas. Source: Orlando Sentinel / Remora Partners

  35. The Innovation Zone contains more than 450,000 educated, young, innovative people. Source: ESRI (2010).

  36. The Innovation Zone competes with Austin - not with the rest of Orlando. Source: ESRI (2010).

  37. The Innovation Zone competes with Austin - not with the rest of Orlando. Source: ESRI (2010).

  38. The Innovation Zone competes with Austin - not with the rest of Orlando. Competing with Austin means increasing the population in the Innovation Zone. Source: ESRI (2010).

  39. Observations Educated people generate community wealth. Educated people are leaving Orlando. Orlando is losing community wealth. The Innovation Zone attracts educated people. Innovation Way sits in the middle of the Innovation Zone.

  40. Innovation Way sits in the middle of the Innovation Zone. I I SSC FS UCF I VCC RP I 408 I 528 OIA 434 VCC 417

  41. Innovation Way sits in the middle of the Innovation Zone. I I SSC FS UCF I VCC RP I 408 I 528 INNOVATION WAY OIA 434 VCC 417

  42. Innovation Way sits in the middle of the Innovation Zone. I I SSC FS UCF I VCC RP I 408 I 528 INNOVATION WAY OIA 434 VCC 417

  43. Innovation Way is the most logical place to house educated people. Concentration of bachelors degrees in central Florida Concentration of graduate degrees in central Florida

  44. Innovation Way is the most logical place to house educated people. Concentration of graduate degrees in central Florida

  45. Innovation Way is the most logical place to house educated people. Concentration of life and social science workers in central Florida

  46. Innovation Way is the most logical place to house educated people. Concentration of education workers in central Florida

  47. Closing Thoughts Educated people are critical to economic success – and Orange County is losing the competition for them.

  48. Closing Thoughts Educated people are critical to economic success – and Orange County is losing the competition for them. The Innovation Zone must play a leading role in a strategy to attract educated people.

  49. Closing Thoughts Educated people are critical to economic success – and Orange County is losing the competition for them. The Innovation Zone must play a leading role in a strategy to attract educated people. Innovation Way is the centerpiece of a commitment to compete in the innovation economy.

  50. Innovation Way: A Commitment to Compete For more information: www.remorapartners.com

More Related