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Community & Economic Development Asset Mapping

Discovery Milestone. Join us in creating Central Illinois’ Economic Future!. Community & Economic Development Asset Mapping. January 9, 2013 Germantown Hills, IL. ViTAL Economy Alliance Frank Knott – fknott@vitaleconomy.com Jim Haguewood – jim@onegroupconsulting.com

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Community & Economic Development Asset Mapping

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  1. Discovery Milestone Join us in creating Central Illinois’ Economic Future! Community & Economic Development Asset Mapping January 9, 2013 Germantown Hills, IL ViTAL Economy Alliance Frank Knott – fknott@vitaleconomy.com Jim Haguewood – jim@onegroupconsulting.com Mark Madsen – mmadsen@priorityone-advisors.com www.focusforwardci.com

  2. Session Agenda Welcome & Introductions Session Objectives Focus Forward CI Regional Economic Goals Review the Baseline Refinement of the Assets Conclusions

  3. Session Objectives • Identify and discuss assets that exist to foster healthy and sustainable 21st century economies, • Quality of Place • Community Economic Development • Innovation & Entrepreneurship • Education & Workforce Development • Recognize areas of strength and weakness across the region • Target new opportunities to build capacity and access to resources in geographic areas of weakness • Capture insight from regional subject matter experts to inform regional and county economic development strategies

  4. Focus Strategic Assets on the Goal Focus Forward CI 2017 Goals 1,319 new jobs @ $53,175 11,841 new jobs @ $48,832 Improvement of 19,456 jobs by $5,000/yr. $747M new direct wages Increase bachelor degrees 25+ by 10,254 Increase the 25-44 age group by 5% (+21,236) Increase new business starts by .5% annually Increase mid-sized firms (20-99 employees) from 10.7% to 15% of all firms Reduce poverty by 10% for all families and female households with children under 5 • Quality of Place • Innovation & Entrepreneurship • Community Economic Development • Education & Workforce Development

  5. Session Format Analysis of the regions CED Tool Box • Baseline • Preliminary list from advance survey • Review additional asset categories • Refinement • Analysis of asset categories to establish concentration, utilization, connectedness & new opportunities • Conclusions • What the baseline and analysis is telling us? • Where are new opportunities to improve?

  6. Build the Baseline • Review baseline information from the online survey • Institutions, Organizations or Entities • Entities with a mission to led, coordinate and administer community economic development programs • Leadership Programs • Continuing programs, classes or seminars focused on leadership development • Specialty Knowledge or Expertise • Unique technical or subject matter expertise in community economic development • Special Purpose Finance • Examples of public, private or non-profit funding sources outside of traditional commercial finance, banks, etc.

  7. Build the Baseline, cont. • Excellence or High Performing • Entities that are best in class with a history & reputation of accomplishment and impact • Research and/or Data Analysis and Access • Expertise in research and investigation including examination of data • Public Policy Knowledge • Individuals or entities with public policy expertise; design, development & involvement • Innovation Leaders • Individuals or entities that are doing innovative or cutting edge approaches to community economic development

  8. Refinement • What community economic development tools and expertise are being accessed from outside the region? • What community economic development assets and tools have the greatest impact in the region? Why? • Which community economic development assets and tools are being underutilized or leveraged? • Which of the community economic development assets and tools are connected across the region? • What community economic development tools would be more effective if were available regionally? • What are the region’s community economic development opportunities? Threats? • What new connections or expansion of community economic development assets and tools would benefit the region?

  9. Conclusions • Regional or local strengths • Regional or local weaknesses • Opportunities for new connections or improvement • What is the asset mapping and analysis telling us? • What are the top three priorities or actions to improve community economic development in the region?

  10. Contact Us & Get Involved! View Us! www.focusforwardci.com Contact Us! 309-673-9330 focusforwardci@gmail.com

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