Tag Archives: jobs

Champion the entrepreneurial spirit

Edward Lowe Foundation

Onwards into Michigan to met with the Edward Lowe Foundation and some more incredible hospitality from Dino and the team at the 2,600-acre Big Rock Valley.  The Foundation was established by Ed and Darlene Lowe in 1985 to “champion the entrepreneurial spirit”, after having started and scaled Edward Lowe Industries which invented cat litter.

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Here’s one of the many historic houses on the property.

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The foundation supports the following programs:

All of the above are great tools to utilise depending on what is happening for businesses or locations.  A couple of favourites if I had to pick…

Economic gardening

Economic gardening is “grow from within” strategy targeting existing growth companies and offering them critical strategic information that is customized to their needs.  It was started by Chris Gibbons in Littleton, Colorado who is now the CEO for the National Center for Economic Gardening.  It has achieved some impressive results:

  • “During the 20-year period Littleton practiced Economic Gardening, jobs grew from 15,000 to 30,000, and sales tax revenue more than tripled from $6M to $21M without any recruiting, incentives or tax rebates”.
  • More recently in Utah, 12 companies achieved $16m in sales increases and the creation of 122 jobs, or in Kansas with 28 companies growing both employment and revenue approximately 30% on average.

Data – YourEconomy.org

YourEconomy.org is a very smart tool that gives an overall view of sales, job and business creation.  It drills down to all layers including down to State and most importantly locally.  Pick your favourite location and have a try.

In summary, a couple of insights emerge:

  • Business retention is growth is an often ignored poorer cousin to the more high profile attraction initiatives such as tax incentives.  What a difference can be made in any context by starting with what you’ve got and asking how do you grow?
  • While the Kauffman Foundation (new and young companies) and Edward Lowe Foundation (second-stage entrepreneurs) have slightly different definitions on what companies create the most jobs, they are saying the same thing – entrepreneurs and young companies create the most jobs.
  • Like most places I’ve met the Foundation partners and collaborates with other organisations to achieve their end goal and they have great systems.
  • Data when powered by smart technology showing local information is critical to give context of what is happening in economies.
  • Finally, how do locations educate, retain and attract talent so they create and scale businesses that operate globally?
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Strategic doing

This weekend was spent in Illinois having a further look around.  A day exploring Effingham some more, a quick look at the Amish community (it was quite a sight seeing horses and cars on the road together) and The Abraham Lincoln Presidential Museum.  The Museum was very well done and I got a real sense of what Lincoln achieved but just how heavily criticised he was.  It wasn’t until after his assasination that many people realised just what he had accomplished in enabling the end of slavery and the United States staying as one nation.

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Ed, Peggy and Scott were fantastic hosts, giving up a large part of their day to talk me through ‘Strategic Doing’ and the outcomes they have enabled in a number of communities.  Their view combines talent, innovation/entrepreneurship, places and brand, or as they put it better below:
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Interestingly, this started by transferring knowledge from open source software industry to create open source collaboration which goes to show how important creative thinking and learning from outside sources is.  There’s a great opportunity to share the model with universities and spread around the world.
They ask some simple questions to identify opportunities – what could we do and what should we do? Then most importantly there’s a bias for action – what will we will do and when?
What I like about this model is that it is a simple way to collaborate and it is a way of bringing to life the great economic research that already exists:
What I like about the Strategic Doing is that it provides the tools for people to make change, it is focused on outcomes and they are always learning.  The team had some great insights about guiding not facilitating, the impact of just a few people (check out Charleston Digital Corridor) and the psychology of communities – why some places thrive and others don’t!
We talked about the advantages of smaller locations over cities and their insight was that most of these locations share the same thing, quality of life.  But that alone is not enough, you’ve got to find what is unique to only your location.

Reinvention – the new normal

The weekend was full of lots more driving and some sightseeing, but most importantly time to recharge the batteries after an incredibly demanding week.  There was probably no better place to do it than in Oregon (photo of Smith Rock).

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Many of the people I’ve spoken to in Idaho and Oregon talk about the Oregon Trail, which previously I knew nothing about.  Can you imagine emigrating over 2,000 miles in a horse for 4-6 months?  Then get to the mighty Columbia River and being faced with a decision of whether to the run one of two gauntlets – down the river or over the mountains!  Learning more about the pioneers in the US puts into perspective the country it is today and it helps place life into perspective.

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Staying in Bend, Oregon showed what is possible when towns are faced with changes in industry.  Bend was founded as a logging town and now has a massive tourism industry, a growing technology sector and is a popular place to retire.  My meeting destination for today, The Dalles, Oregon is similar.  It’s been a trading town for 10,000 years but what trades hands is changing, from wool to aluminium and now technology.  Insitu started here and now has 800 employees whilst Google also located their first data centre here (one factor that helped was access to energy).  In the face of adversity communities are playing to their strengths and being creative to enable industry to develop.  The only constant is that change will keep happening.  How do recognize when that change is coming and what do you do?

Mid-Columbia Economic Development District (MCEDD) and Columbia River Gorge Technology Alliance (GTA)

The MCEED has been going since 1969, which shows how young economic development is in NZ.  They serve five Counties in two different states so collaboration is their strong point.  Amanda and the team focus on:

  • business financing, which has great payback and is changing with the likes of crowdfunding.  They explained the concept of Enterprise zones and how it can be used when a community is economically distressed through either high unemployment or low wages.
  • Industry development.  Jessica talked about the GTA as an example of industry collaborating in a cluster.  I suspect we will hear a lot more about STEM youth robotics, it is definitely preparing kids to work in the workforce of the future (or is that today?).
  • Regional coordination including strategy and ensuring enabling infrastructure is provided like transport, broadband, and financing.

From the outside looking in the team were deliberate about where future lies and I can see a lot of potential for this region as different industries continue to intersect.

The Dalles Port

Started in 1933, The Dalles Port has seen a lot of change.  They focus on bringing jobs to region through land sales and it’s fair to say they’ve succeeded.  Google is the high profile one but many of the other businesses are “small business” .  As an aside, it makes you wonder about classification of small business – how useful is it knowing that 97% of businesses are small, perhaps we can make it more commonly known the difference between no employees, micro (1-5 people) and small (6-19 people)?

Andrea and Kathy had some great insights:

  • Places need to find their niche – sounds easy!
  • Time and perseverance
  • Importance of community support, which I get the sense there is a lot of in The Dalles
  • Collaboration with local agencies, putting together a team to work through problems while cutting through bureaucracy

The Dalles is just over an hour outside of Portland, and we discussed how urban people can perceive places outside cities as “rural”…how do you overcome that perception, whether you’ve reinvented yourself or not?

Beautiful Boise, events and the end of week one

The last day of the first week offshore and I’m not sure if it feels like just yesterday I left home or a month ago.

Today was in Boise, Idaho which is a beautiful ‘city of trees’.

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Idaho Commerce

First up was the team from Idaho Commerce for a very productive conversation, given the remoteness of Idaho and the challenges that brings.  The team has a strong focus on supporting job creation.  There are some interesting initiatives including Accelerate Idaho, a reasonably new tax reimbursement incentive and the Idaho rural partnership fund.  Rurally we talked about moving agricultural products higher up the value chain which when combined with tourism can create even more value (e.g. niche food, craft beer and wine).  Education and the war for talent was raised as a big challenge in the future.

Boise City

From there it was on to meet Nic, ‎Director of Economic Development at City of Boise.  Nic gave me a great overview of the layers of government in the US and how they interact.  Some great ideas flowing from Startup in a day, Obama’s government startup and the Mayors Innovation Project.  Nic reinforced the importance of having good data balanced with customer insight.  My favourite project was a Spring Into Code, which introduces kids to computer science at a young age which is what industry is asking for.

Boise Valley Economic Partnership (BVEP)

I met Jana, who had lived in Tokoroa on an exchange as a secondary school student.  BVEP is a regional economic development agency covering a number of counties and the City of Boise.  Jana reinforced the importance of business attraction by proactively prospecting for new business and working with ‘site selectors’, which is a big industry in the US.  They have some very insightful data and geospatial information combined with customer insight to help identify the sweet spot of what Boise Valley can offer.  In other words, understanding the behaviour and perceptions of prospective and current businesses, rather then using assumptions.  Broken record…but skills and workforce development raised again as key for the future.

International Festivals and Events Association (IFEA)

Taupo District has a strong affinity with IFEA, having previously won an IFEA World Festival & Event City Award.  I was hosted by Nia, including a tour of the beautiful Boise Depot.  IFEA have a great range of great education, information, conferences and awards to name a few and as a result I came away with a ‘to do’ list for when I return.  On the new idea front, it will be interesting to see if crowdfunding for events takes off.

So that is week one done and dusted…it’s a weekend away from work, exploring and driving in Oregon and definitely some downtime before another huge week.  Thanks for all the messages, it’s great to hear from you when travelling solo.  The Friday night thing to do in Boise is float down the river in an inflatable with a chillybin onboard…

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