Pennsylvania Ecnmic Develpment Assciatin Secrets f Success fr Ecnmic Develpment April 12, 2016 STRATEGY MATTERS Janet Ady President and CEO 1
ABOUT ADY ADVANTAGE 2
The Ady Advantage Ecsystem 3
Our Sweet Spt 4
Ady Advantage Services fr EDOs: Making It Practical 5
Ady Advantage Services fr EDOs: Making It Practical 6
Ady Advantage Services fr EDOs: Making It Practical 7
Representative Clients 8
PRESENTATION INPUT SURVEY FEEDBACK 9
Presentatin Impact Survey Feedback WHAT IS THE POPULATION OF THE JURISDICTION YOUR ORGANIZATION SERVES? 50% f yu are in cmmunities f mre than 100,000. 10
Presentatin Impact Survey Feedback WHICH OF THE FOLLOWING BEST DESCRIBES YOUR ORGANIZATION? Mst f yu (69%) are all r primarily privately funded. 11
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
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
Presentatin Impact Survey Feedback HOW MUCH EMPHASIS DOES YOUR ORGANIZATION PLACE ON THE FOLLOWING ACTIVITIES? (PLEASE ANSWER IN PERCENTAGES TOTALING 100%) 14
MEGATRENDS IN ECONOMIC DEVELOPMENT 15
The Site Selectin Prcess 16
Drivers f Lcatin Decisins 1 2 3 4 17
Three Megatrends in Ecnmic Develpment 18
Megatrend #1: Eliminatin f Risk 1 19
The antidte t risk is readiness and alignment. Janet Ady 1 20
Megatrend #1: Eliminatin f Risk 1 21
Megatrend #2: Increasing Rle f Regins 2 22
State, Reginal, and Lcal Rles in Ecnmic Develpment 2 23
Megatrend #2: Increasing Rle f Regins 2 24
Reginalism des nt mean hmgeneity. It means just the ppsite: celebrating differences within the regin. 2 Janet Ady 25
Megatrend #3: Cmpetitiveness Amng EDOs 3 26
Megatrend #3: Cmpetitiveness Amng EDOs 3 27
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Stne Brewing Initial RFP 3 33
Stne Brewing RFP - Addendum 3 34
A Peek Int My Inbx 3 35
A Cmpetitive Envirnment fr ED Cmmunicatins 3 36
117 f thse include Pennsylvania Altna-Blair, Greater Reading Ecnmic Partnership amng senders. 37
Implicatins fr EDOs 38
Dirt wn t d. Mark Sweeney McCallum Sweeney Cnsulting 39
Incentives Plicy 40
Implicatins fr EDOs 41
Implicatins fr EDOs I Shiny Objects 42
Implicatins fr EDOs I Shiny Objects 43
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
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 1995 45
Sme Hard-Wn Truths Abut Ecnmic Develpment 46
Cmpeting in Rural Ecnmic Develpment 47
Reverse Site Selectin 48
What are the Majr Industry Sectrs? 49
Cmpeting in Rural Ecnmic Develpment 50
Thank Yu 51