May Funder Call May 28 2009

Fund for Our Economic Future Phase 3 Strategy Presentation Steering Committee May 28, 2009

Strategy Process: Time line 45 Funder Interviews Large group meeting Over 40 Funders Strategy Direction (Draft) Small Group Refine/ Partner Outreach Small Group Review Adopt Strategy Strategy Public Oct 2008 Nov 2008 Feb 2009 Mar 2009 April May 2009 June 2009 Oct 2009

PHASE 3 PRESENTATION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Outcomes of Fund’s Work Tangible, compounding economic impact $1.1 BILLION $>100 MILLION

Outcomes of Fund’s Work Cultural Shift Growing shared support of regional economic competitiveness agenda ,[object Object],[object Object],[object Object]

Lessons Learned ,[object Object]

Lessons Learned ,[object Object],+

Phase 3 Work: What stays the same?

Phase 3 Work: What stays the same? Diversity and Inclusion Tools to be used Collaborative Model

Phase 3 Work: What changes? FFEF Action Area Team Champion Part of Fund resources will go towards forming regional leadership and action area champions

Phase 3 Work: What changes? ,[object Object]

Phase 3 Work: What changes? Respond to economic climate Intensified focus on priority industry clusters Assess grantee performance + greater financial sustainability

Evaluating Phase 3 Outcomes How is the REGION doing against the goals of Advance Northeast Ohio ? At the highest level, 2020 goals - Per capita income > national average - Employment growth > national average - Concentrated poverty < 20% in urban areas By 2013 - Improvement in each of these categories with region out of 4 th quartile in at least one of the categories and reduction in urban poverty rate versus 2009 ,[object Object],[object Object],[object Object]

Goal 1: Accelerate job & income growth Goal 2: Reduce impediments to long-term growth Goal 3: Sustain economic competitiveness work over long-term Strategy 1: Strengthen regional business growth and attraction Strategy 2: Enhance regional talent development Strategy 3: Spur regional planning and gov’t efficiency Strategy 4: Shape and sustain regional leadership for economic competive-ness priorities Strategy 5: Educate, engage, empower “influencers” to participate and support work

Specific Phase 3 Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object]

Specific Phase 3 Objectives ,[object Object],[object Object],[object Object]

Phase 3 Structure: What Stays the Same ,[object Object],[object Object],[object Object],[object Object],[object Object]

Phase 3 Structure: Possible Modifications ,[object Object],[object Object],[object Object],[object Object]

Phase 3 Structure: Possible Modifications ,[object Object],[object Object],[object Object]

Phase 3 Structure: Possible Modifications ,[object Object],[object Object],[object Object],[object Object],[object Object]

Financial Planning Principles ,[object Object],[object Object],[object Object],[object Object],[object Object]

Grant Dollar Allocation Phase 2 YTD Grantmaking Budget: $24,820,000 Phase 3 Proposed Grantmaking Budget: $20,700,000

Staff Time Allocation Phase 2 Phase 3

Business Growth and Attraction & Talent 82% Resource Allocation – Phase 3 100% = $22.1 million

"Indirect" Work By Core Grantees Staff Time Allocation Direct Grants % of Total Resources 8% 13% Inclusion Resources - Phase 2 to Phase 3 $2,850 $372 $2,000 $165 Phase 2 Phase 3

100% = $1.5mm $5.5mm $9.7mm $2.9mm $1.6mm $1.05mm Resource Allocation Within Action Areas – Phase 3 26% 61% 13% 0 $1 mm $2 mm $3 mm $4 mm BARE ENTP Talent GOVT TBD TBD Research Communication & Engagement New Grantees Action Team Support Existing Grantees $5 mm $6 mm $7 mm $8 mm $9 mm $10 mm Support ANEO 95% 5% 97% 3% 70% 21% 9% 16% 19% 65% 4%

May Funder Call May 28 2009

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May Funder Call May 28 2009