3. Regional Partners in
Economic D
E i Development
l t
• Regional Municipalities
• Action C
A ti Committee of 50
itt f
• Access Atlantica
• Bangor Region Development
Alliance
Alli
• Target Development Corporation
• Bangor Region Chamber of Commerce
• TriCounty Workforce Investment Board
4. Initial Collaboration
I iti l C ll b ti
• EMDC as facilitator
• Creation of network
• Defining common goals
• Recognizing the lack of a comprehensive strategy
5. The N t
Th Network
k
• Natural evolution of a regional desire for progress
• Restructuring to strengthen regional
g p
groups/organizations
g
• End of PVCOG
• Creation of Norumbega Group
6. Mobilize Maine
M bili M i
• ConnectMaine
• Fairpoint seed dollars
• Regional approach t economic d
R i l h to i development
l t
• Greater Bangor Region Mobilize Maine
7. Greater Bangor Region
Mobilize Maine
• Private Sector Leadership
• Regional Goal Development
• Regional Benchmark Development
• Regional Asset Identification
• Short-Term Wins/Strategic Initiatives
8. Asset Based A
A tB d Approach
h
• Asset Mapping Teams
pp g
• Data Collection
• Short Term Wins/Strategic Initiatives
9. Asset Evaluation
A t E l ti
• Innovation Engineering Training
• Eureka Ranch – Doug Hall
• Fail Fast/Fail Cheap
• Meaningful Use
10. Industry S t S l ti
I d t Sector Selection
• Existing Industry Identification
g y
• Emerging Industry Identification
• Industry Leader Listening
Sessions
11. Mobilize Maine
Regional Vision
g
• Development of an asset
asset-
based regional vision
• Bold goals with regional
p
participation
p
• Driven by private sector
leadership
12. Our R i
O Regional Vi i
l Vision
• By 2020, t e region’s economy g o s so t at t e peop e who live here e joy a median
y 0 0, the eg o s eco o y grows that the people o e e e enjoy ed a
household income equal to or greater than the national average.
• We will transform the region’s economy by building on our strengths in forest p
g y y g g products,
,
transportation, education, and recreational tourism and by capturing new opportunities
in biomedicine, research and technology, business conferencing, and data
transmission.
• By working with one another, our region’s economy will be innovative, vibrant, and
sustainable, fostering a robust and diverse community where people, young and old,
choose to live, work and play.
13. Regional Vi i Ad ti
R i l Vision Adoption
• Community E
C it Engagement
t
• Partner Participation
20. Shifting Business
Development
p
• Business Visitation Pilot Project
• Pilot Partners
• Outcomes
• Business Resource Center
• WebCats
21. Comprehensive and
Collaborative Economic
C ll b ti E i
Development
• Internal Organizational Changes
• Increased efficiency
• Increased understanding
• CEDS Process
• Mobilize Maine Regional Vision’s Role
• Private Sector P ti i ti
P i t S t Participation
22. Including Regional P t
I l di R i l Partners
• EMDC’s internal changes affect relationships with
regional partners
i l t
• Municipal economic development professionals
• Network partners
p
23.
24.
25. Why Regions M tt ?
Wh R i Matter?
• White House Memo to All
• Agencies for FY2011 Budget:
• “Many important challenges demand a regional
Many
approach. The Nation is increasingly a
conglomeration of regional economies and
ecosystems that should be approached as such.
Federal investments should promote planning and
collaboration across jurisdictional boundaries.”
26. Goal: Create a single regional strategic economic development plan supported
by private sector that not only satisfies federal agencies (such as
EDA/DOL/WIA/HUD/DOT), but also provides direction for the region to achieve
economic growth and sustainability.
27. Giving Mobilize Maine
the Reins
• Private sector engagement
• Mobilize Maine leadership guidance
• Letting those who li h
L tti th h live here d id
decide
29. Advancing Common
g
Strategies
• Regional Vision Action Plans
• Mid-point
Mid point benchmarks
• CEDS priorities
p
• Transportation/Tiger II
• Livable Communities
• Energy/Pathways
• Workforce Development priorities
30. Single Regional Vision
is the Key
y
• Measurable Action Steps by Sector
• Measurable Benchmarks by Sector
31. Regional Vision Sample
Objectives
j
• Tourism Industry
• Develop workgroup to focus on
development/upgrade of tourism facilities in the
region by 3/30/2011
g y
• Support BCVB in developing a comprehensive
tourism database by 12/31/2011 that includes
y
attractions and potential developments.
• Construction of a new conference/convention
center capable of holding 1,500 attendees in multi-
day event by 2014.
33. Emphasis
E h i on C ll b ti
Collaboration
• Financial Capital Development
p p
• Local venture capital/Sidecar Fund creation
• Environmental Capital Development
• Asset-based prioritization
• Human Capital Development
• Business/Workforce integration
34. Continued Private Sector
Engagement
g g
• Regular Mobilize
Maine regional
meetings
• Development of
additional regional
Mobilize Maine
efforts