Pennsylvania Economic Development Association

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1 Pennsylvania Ecnmic Develpment Assciatin Secrets f Success fr Ecnmic Develpment April 12, 2016 STRATEGY MATTERS Janet Ady President and CEO 1

2 ABOUT ADY ADVANTAGE 2

3 The Ady Advantage Ecsystem 3

4 Our Sweet Spt 4

5 Ady Advantage Services fr EDOs: Making It Practical 5

6 Ady Advantage Services fr EDOs: Making It Practical 6

7 Ady Advantage Services fr EDOs: Making It Practical 7

8 Representative Clients 8

9 PRESENTATION INPUT SURVEY FEEDBACK 9

10 Presentatin Impact Survey Feedback WHAT IS THE POPULATION OF THE JURISDICTION YOUR ORGANIZATION SERVES? 50% f yu are in cmmunities f mre than 100,

11 Presentatin Impact Survey Feedback WHICH OF THE FOLLOWING BEST DESCRIBES YOUR ORGANIZATION? Mst f yu (69%) are all r primarily privately funded. 11

12 Presentatin Impact Survey Feedback WHAT ARE THE BIGGEST ECONOMIC DEVELOPMENT CHALLENGES AND OPPORTUNITIES FACING YOUR COMMUNITY/REGION? CHALLENGES OPPORTUNITIES Lack f wrkfrce Ready industrial sites Lack f funding Lw cst f living Infrastructure issues Lack f resurces Business retentin and expansin Attractive lcatin Gvernment regulatins Wrkfrce quality 12

13 Presentatin Impact Survey Feedback HAS YOUR ORGANIZATION IMPLEMENTED, OR IS IT IN THE PROCESS OF IMPLEMENTING, ANY NEW TALENT RECRUITMENT AND RETENTION STRATEGIES? Nearly tw-thirds f yu are wrking n talent, including training, recruiting, educatin, and mre. 13

14 Presentatin Impact Survey Feedback HOW MUCH EMPHASIS DOES YOUR ORGANIZATION PLACE ON THE FOLLOWING ACTIVITIES? (PLEASE ANSWER IN PERCENTAGES TOTALING 100%) 14

15 MEGATRENDS IN ECONOMIC DEVELOPMENT 15

16 The Site Selectin Prcess 16

17 Drivers f Lcatin Decisins

18 Three Megatrends in Ecnmic Develpment 18

19 Megatrend #1: Eliminatin f Risk 1 19

20 The antidte t risk is readiness and alignment. Janet Ady 1 20

21 Megatrend #1: Eliminatin f Risk 1 21

22 Megatrend #2: Increasing Rle f Regins 2 22

23 State, Reginal, and Lcal Rles in Ecnmic Develpment 2 23

24 Megatrend #2: Increasing Rle f Regins 2 24

25 Reginalism des nt mean hmgeneity. It means just the ppsite: celebrating differences within the regin. 2 Janet Ady 25

26 Megatrend #3: Cmpetitiveness Amng EDOs 3 26

27 Megatrend #3: Cmpetitiveness Amng EDOs 3 27

28 3 28

29 3 29

30 3 30

31 3 31

32 3 32

33 Stne Brewing Initial RFP 3 33

34 Stne Brewing RFP - Addendum 3 34

35 A Peek Int My Inbx 3 35

36 A Cmpetitive Envirnment fr ED Cmmunicatins 3 36

37 117 f thse include Pennsylvania Altna-Blair, Greater Reading Ecnmic Partnership amng senders. 37

38 Implicatins fr EDOs 38

39 Dirt wn t d. Mark Sweeney McCallum Sweeney Cnsulting 39

40 Incentives Plicy 40

41 Implicatins fr EDOs 41

42 Implicatins fr EDOs I Shiny Objects 42

43 Implicatins fr EDOs I Shiny Objects 43

44 Cmpetitin fr high quality jbs will intensity in the 21 st century, and the cmmunities that are prepared t address the needs f existing and relcating business will be mst successful in capturing new investment. 44

45 Cmpetitin fr high quality jbs will intensity in the 21 st century, and the cmmunities that are prepared t address the needs f existing and relcating business will be mst successful in capturing new investment. Fantus/Delitte

46 Sme Hard-Wn Truths Abut Ecnmic Develpment 46

47 Cmpeting in Rural Ecnmic Develpment 47

48 Reverse Site Selectin 48

49 What are the Majr Industry Sectrs? 49

50 Cmpeting in Rural Ecnmic Develpment 50

51 Thank Yu 51

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