Iowa Valley Community College

1
REGIONAL INNOVATION LEADERSHIP GROUP MEETING Your
VisionYour Future!
REGIONAL INNOVATION LEADERSHIP GROUP MEETING

• Iowa Valley Community College
• December 5, 2007

2
Welcome!

• Newton Mayor Chaz Allen
• Marshalltown Mayor Gene Beach
• Iowa Workforce Development Director Elisabeth Buck

3
Agenda

• Why are we here?
• WIRED/RIG Framework and Process
• Application in Central Iowa Your Roles
• Regional Assets, Forming the Region, and
  Data-driven Decision Making
• Visioning a compelling future
• Core Teams Work
• Beyond Today Our Next Steps

4
The Need for Transformation

• America is witnessing one of the greatest
  economic transformations in history

5
Chinas size does not merely enable low-cost
manufacturing it forces it. Increasingly, it is
what Chinese businesses and consumers choose for
themselves that determines how the American
economy operates. Ted Fishman/The
Chinese Century The New York Times Magazine
6
(No Transcript)
7
(No Transcript)
8
ETA Innovation Academy
9
(No Transcript)
10
(No Transcript)
11
(No Transcript)
12
(No Transcript)
13
The Bottom Line Driver
There is no job that is Americas God-given
right anymore. We have to compete for jobs.
Carly Fiorina,
former Hewlett Packard CEO
14
Sowhat are we doing here?

• Somebody has got
• to do something, and its just incredibly
  pathetic
• that it has got to be us!

- The Grateful Dead
15
RIGS and WIRED

• What does R.I.G. stand for?
• REGIONAL INNOVATION GRANT
• What does W.I.R.E.D. stand for?
• WORKFORCE INNOVATION IN REGIONAL ECONOMIC
  DEVELOPMENT

16
Regionalizing

• It is todays economic reality
• economic shocks do not recognize borders
• Infrastructure (physical virtual) means workers
  and work are further apart
• Only a regional economy can contain all the
  necessary assets to compete
• Regional collaboration fosters innovation
• offers a global competitive advantage

17
The WIRED approach is a comprehensive strategy to
develop regional talent development systems that
drive regional economic competitiveness, job
growth and new opportunities for American workers.
Higher Education
Industry
Workforce System
Other
Adult Education
Lifelong Learning
Pre-School, K - 12
18
The WIRED Framework
19
Economic Development Models

• OLD Model Characterized by competition across
  political borders (state and local)
• NEW Model Characterized by an innovative,
  collaborative culture within regional economic
  zones

20
Planning Blueprint
21
STEP 1 Identify the Regional Economy

• Forming Region Data-based identification of
  the surrounding communities and counties that
  share a regional economy.
• Continually assess and reassess the boundaries to
  include assets, organizations and resources
  necessary for growth!

22
An Economic Region is a Collection of Assets

• What surrounding areas share the same economic
  structure? What are our collective assets?

• Legal/regulatory environment
• Quality of life
• Business policy culture
• MOST IMPORTANT NETWORKS!

• Human capital
• Financial capital
• Research and development
• Industrial base
• Infrastructure

23
STEP 2 Form Core Leadership Group
planning entities
business industry leaders
economic workforce development organizations
other regional champions
Core Leadership Group
state local government leaders
research development laboratories
foundations
faith-based community organizations
investors entrepreneurs
philanthropic organizations
education entities
24
Leadership Group Must

• Represent critical partners/organizations
• Commitment from senior executives
• Collaborate in SWOT analysis
• Asset mapping, critical self-assessment
• Appropriately shared financial and resource
  contribution to the partnership
• Provide resources, expertise, promising
  practices, researchand STRATEGIES

25
STEP 3 SWOT Analysis

• Discover strengths, weaknesses, opportunities and
  threats Key Questions
• Are physical, virtual and governmental
  infrastructures prepared to establish and sustain
  a prosperous regional economy?
• Do we have the right workforce to support and
  sustain our plans?
• Are educational infrastructures prepared to
  develop sufficient talent?
• Do we have a culture of collaboration, innovation
  and entrepreneurship?

26
STEP 4 Establish a Shared Regional
Identity

• PARTNERS
• Identify with the region as a whole
• Accept their economic interdependence across
  sectors and jurisdictions within the region, and
• Commit to collaborating to ensure regional
  economic competitiveness
• Brand the Region

27
STEP 5 Devise Strategies

• Devise strategies that hold the greatest
  potential to spur investment in
• Talent development
• Innovation
• Infrastructure

28
Leadership Group Roles

• Provide leadership that transcends turf
• Find a common, unifying theme and focus
• Identify innovative solutions that
• Leverage regional strengths
• Mitigate regional weaknesses/limitations
• Are divided into investments in infrastructure,
  innovation and talent development

29
Leadership Group Roles (2)

• Divide leaders into Core Teams
• Entrepreneurism
• Infrastructure
• Education and workforce system Alignment with
  Industry
• Workforce and Industry Information
• Identify funding sources
• Compile Integrated Plan
• Devise governance structure going forward

30
STEP 6 Leverage Resources and
Implement
Cash
Federal State Program Resources
VISION for Regional Economy
Faith-based Community Organizations
Government
Intellectual Property
Community Foundation Investments
Business Industry
Patents on Innovations Not Yet Marketed
Broadband Capacity
Individual Investors
Philanthropic Organizations
31
Project Milestones

• Today!
• Core Team conference calls
• January 11 Second face-to-face meeting
• Core Team conference calls
• Mid-February Third face-to-face meeting
• Core Team Conference calls
• Early March Executive Committee compiles
  integrated Plan
• Late March Plan presented to full Leadership
  Group

32
Social Network Mapping

• June Holley The Network Weaver
• Surveys of LG members in December and March
• Identify existing networks Initial maps
• Identify ways to enhance and expand networks
• Re-draw maps, install metrics to show
  effectiveness and areas of potential

33
The Benefits

• Offers a regional economic planning model
• Direction for communities in transition
• Provides a framework for effectively
• Avoiding economic traumas
• Responding to unexpected economic events
• Assists in quick and effective response
• Provides a framework for . . .
• Collaborative decision-making
• Effective communication and social networking

34
In Summary

• Globalization brings new challenges to American
  workers as we face intense competition from new
  sources.
• The WIRED approach is a comprehensive strategy to
  develop regional talent development systems that
  drive regional economic competitiveness, job
  growth and new opportunities for American workers
• WIRED has been a catalyst for the development of
  a regionally-based response to global economic
  conditions one that focuses on building a
  broader Talent Management Strategy to fuel
  economic growth!

35
UNDERSTANDING REGIONAL ASSETS
UNDERSTANDING REGIONAL ASSETS AND FORMING THE
ECONOMIC REGION
36
Key Questions

• What are the regional resources that could be
  incorporated into a development effort?
• What counties should be included in the economic
  transformation region?

37
Future Questions

• What industry clusters should the region target?
• What assets could the region use to recruit
  targeted industry clusters?
• What infrastructure challenges are there and
  which ones is this group capable of addressing?
• What workforce and education gaps need to be
  filled in order to ensure a ready supply of
  skilled workers?

38
Three Objectives

• Summarize asset mapping process with key findings
• Present proposed economic transformation region
• The Forming Region
• Highlight emerging strengths

39
Asset Mapping Process

• Finding a starting point
• Its easier to start with a broad region and
  narrow as you go
• Existing literature
• IDWD survey showed workers would travel a maximum
  of 26 miles one way
• Researchers Eathington and Swenson from ISU
  analyzed Census commuting patterns showing a
  similar willingness to travel for the right
  employment opportunity

40
Asset Mapping Process

• Starting region based on existing literature

41
Asset Mapping Process

• Asset Region (added Dallas and Tama)

42
Asset Mapping Process

• Key components
• Population Characteristics
• Economic Indicators
• Financial Capital
• Infrastructure
• Industry Characteristics
• Workforce Competencies
• Educational Output

43
Asset Mapping Findings

• Distinct division in characteristic growth
  between the three county region of Polk, Dallas
  and Warren, and the seven county region

44
Asset Mapping Findings

• Polk, Dallas and Warren characterized by
• Overall high net migration
• Growth in early to mid career age cohorts in
  Dallas County
• Higher median wage met by higher costs
• Highest concentration of degree holding residents
  (including Story County)
• Strong growth in Finance and Insurance,
  Professional and Technical Services, and
  Information
• High concentration of Business and Technical
  workforce competencies
• All three included in the MSA

45
Asset Mapping Findings

• Seven county region characterized by
• Minimal net migration
• Higher growth in late career age cohorts
• Lower median wage met by lower costs
• Lower concentration of degree holding residents
  but
• Capacity for innovation as indicated by patent
  generation
• Transportation infrastructure and growing
  communications infrastructure
• Despite declines in some areas Manufacturing
  remains strong along with Health Care and
  Professional and Technical Services
• High concentration of engineering and
• technology workforce competencies

46
Asset Mapping Findings

• Concentration of late career population, 50 to
  64, 2006

47
Asset Mapping Findings

• Growth in early to mid career population, 15 to
  49 by ZIP code, 2006

48
Asset Mapping Findings

• Concentration of population with college degree,
  2006

49
Asset Mapping Findings

• 2006 Net migration

50
Asset Mapping Findings

• Median rent for two bedroom unit, 2007

51
Asset Mapping Findings

• Capacity for innovation (patents per 1000
  residents), 2005, 2006
• Counties with more patents per 1000 residents
  than the national average include Jasper, Story,
  Marion, Marshall, Mahaska, and Warren

52
Asset Mapping Findings

• Iowa-based venture funds

53
Asset Mapping Findings

• Transportation Infrastructure
• Data limitations
• Infrastructure indicated by transportation
  industry base
• Polk, Dallas and Story Counties have the largest
  employment in transportation industries such as
  trucking and warehousing and storage
• Dallas, Marion, Mahaska, Jasper and Tama have the
  highest relative concentration

54
Asset Mapping Findings

• Transportation Infrastructure

55
ASSET MAPPING FINDINGS

• Communications Infrastructure
• Data limitations
• Infrastructure indicated by communications
  industry base
• Polk County has the largest employment in
  communications industries such as wired
  telecommunications, satellite telecommunications,
  internet service providers, etc.
• Polk, Jasper, Warren, and Poweshiek have the
  highest relative concentration

56
Asset Mapping Findings

• Communications Infrastructure

57
Asset Mapping Findings

• Economic/Export Base
• Quantifies which industry sectors are exporting,
  bringing new money into the region, and as a
  result, driving regional jobs and earnings

58
Asset Mapping Findings

• Economic/Export Base
• Polk
• Finance, Services, Construction
• Dallas
• Finance, Services, Construction
• Warren
• Residents Outside Income, Services, Construction

59
Asset Mapping Findings

• Economic/Export Base
• Story
• Government, Manufacturing, Services
• Marshall, Jasper, Marion, Mahaska
• Manufacturing, Services, Government/Construction
• Poweshiek
• Services (Educational, Grinnell College),
  Manufacturing, Construction
• Tama
• Government (Tribal Casino), Agriculture, Services

60
Asset Mapping Findings

• Workforce competencies Economics Accounting

61
Asset Mapping Findings

• Workforce Competencies Administration
  Management

62
Asset Mapping Findings

• Workforce Competencies Mechanical

63
Asset Mapping Findings

• Workforce Competencies Production Processing

64
Asset Mapping Findings

• Workforce Competencies Engineering Technology

65
Forming the Region

• How should this information influence decisions
  about forming the region?
• What qualities contribute to a successful
  transformation region?
• Stakeholder involvement
• Shared strengths and challenges

66
Proposed Economic Transformation Region

• Story, Marshall, Tama, Jasper, Poweshiek, Marion
  and Mahaska

67
Emerging Strengths

• Largest industry clusters
• Agribusiness, Food Processing Technology
• Advanced Manufacturing
• Biomedical/Biotechnical (Life Sciences)
• Business Financial Services
• Energy (Fossil Renewable)

68
Emerging Strengths

• Fastest growing industry clusters
• Advanced Manufacturing
• Biomedical/Biotechnical (Life Sciences)
• Business Financial Services
• Education Knowledge Creation
• Arts, Entertainment, Recreation Visitor
  Industries

69
Emerging Strengths

• Most competitive industry clusters
• Advanced Manufacturing
• Energy (Fossil Renewable)
• Business Financial Services
• Education Knowledge Creation
• Biomedical/Biotechnical (Life Sciences)

70
Emerging Strengths

• Most specialized industry clusters
• Advanced Manufacturing
• Agribusiness, Food Processing Technology
• Mining
• Education Knowledge Creation
• Printing Publishing

71
Visioning our Future
Visioning our Future
72
Core Team Meeting Process

• Complete detailed sign-in sheet/roster
• Resume exercise Discuss and hand-in
• Focus/Revise Teams agenda/charge
• Set time and objectives for first Core Team
  virtual meeting
• Collaborative Work Space
• Chair/Co-Chairs

73
Next Steps

• Review Collaborative Work Space Postings
• Determine additional information/data needs
  produce reports supply to Core Teams
• Education SWOT Analysis
• General SWOT Analysis
• Career Audit
• Industry Focus Reports
• Virtual Core Team Calls
• January 11 In-person Meeting
• Recruit LG Chair/Co-Chairs

74
Collaborative Work Space (CWS)
75
CWS Features

• Document retrieval and keyword search
• Documents filed by Core Team, where appropriate
• Core Team and LG member contact information
• All LG attendees will be registered by end of
  week
• Username first initial last name (Rmaher)
• Password password

76
Thanks!