1. SANITY AND INSANITY IN GOVERNMENTAL COOPERATION Chuck Eckenstahler Michigan Economic Developers Association Economic Development; Pushing the Boundaries December 4, 2009
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3. Sourced from: Rethinking Federal Policy for Regional Economic Development . By: Drabenstott, Mark. Economic Review (01612387), 2006 1st Quarter, Vol. 91 Issue 1, p115-142, 28p; ( AN 20356049 ) * With additions by: Professor Anthony B. Sindone, Purdue University North Central, College of Business and Organizational Leadership - [email_address] Chuck Eckenstahler – [email_address] 10/29/2009 Qualified Workforce Expanding Labor Pool Complementary Human Capital Connectiveness Distinct Regional assets, such as: Human Capital Higher Education Amenities Health of Existing Businesses Government Funds – Subsidies and Tax Breaks Industrial Infrastructure Keys to Success Education – Training Workforce Talent Clusters Community Place Making Social Networking Entrepreneurship Clusters Commercializing Research Industry Consolidation and Cost Cutting Deregulation Financial Incentives to Firms Industrial Parks Strategies Workforce Education and Training Skill Set Cross Utilization Workforce Occupational Mobility Social Capital Innovation and Entrepreneurship Scale Economies Export Base Drivers Occupational Skills Present to Future * Regional Competitiveness Early 1990’s to Present Cost Competition Early 1080’s to Early 1990’s Industrial Recruiting 1950’s to early 1980’s ERAS IN REGIONAL ECONOMIC DEVELOPMENT AND PRACTICE
4. PEORIA RANKED NUMBER 16 FOR MIGHTY MICRO CITIES Next Generation Consulting (NGC):
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9. Importance of New Business Formation New jobs created by businesses with less than 20 employees 1980-90 - 56% 1990-95 – 49% SBA Data * 1979 David L. Birch “The Jobs Generation Process” 2/3 new jobs created by small businesses
10. Where will the Jobs Come From? 2/3 jobs created by young businesses Where will the Jobs Come From? Kaufmann Foundation November 5, 2009 2006 - 2007
11. Where will the Jobs Come From? SBA approves 36% fewer loans in FY 2009 $3.9b less than 2008 WSJ 11/19/2009