The document discusses past, present, and future trends in economic development in New York State. It outlines factors influencing the economic development profession, programs and activities of other state economic development organizations, and recommendations for how the New York State Economic Development Council can better support its members through education programs, advocacy, and governance/operational improvements. The presentation covers a wide range of topics related to economic development in New York.

1. Past, Present and Future Trends in
New York State Economic Development
NYSEDC Annual Conference
May 24th, 2017
Rob Camoin & Michael N’dolo

2.  Past & Present and Future of Economic
Development in NY
 Factors Influencing the Profession
 Other State Organizations
 What should NYSEDC do to support its
members?
Agenda

3. “Shotgun”
Approach
UDAG, Small Cities, Microenterprise
Empire Zones, Sites, Infrastructure
ESDC direct grants and loans
Easy to
Operate
Leads come in to county/state
Relatively free rein locally to operate IDAs/LDCs
Overall Somewhat stable environment
1. Past Economic Development in NY

4. 2. Present Economic Development in NY
DEFINITION:
Economic gardening is an
economic development model
that embraces the
fundamental idea that
entrepreneurs drive
economies.
 Constant change
 Broadening of Definition
 economic gardening
 workforce
 Quality of life
 Regionalization of
economic development
into REDCs
 Bulk funding programs like
URI/DRI in competitive
rounds
 Weaker Incentives
 Ex. Excelsior and Startup NY
vs Empire Zones
 Fewer general leads
coming in and ultra
competitive
 Intense public scrutiny and
regulatory oversight

5. Entrepreneurship
Tourism
1.
4.
3.
2.
5.
Typical EDO Functions
Business Retention & Expansion
Business Attraction
Workforce
6. And More….

6. Uncertainty
Automation
Death & Creation
of Jobs
Skills Gap
Fierce
Competition
Incentives,
workforce, taxes
Shifting
Business
Culture
Innovate or die
3. Economic Picture Today

7. 25%
17.5%
12%
5%
7%
49.5%
34%
33%
53%
28%
17%
Foreign Direct Investment
Sustainability
Export Development
Disaster Planning/Resiliency
Reshoring Efforts
Entrepreneurship
Infrastructure Upgrades
Measuring Performance
Workforce Development
Leadership Development
Economic Inclusion

8. Partner with K-12
for WF readiness
Create Export Support
Programs
Partner with
SBDC
Hire staff to facilitate
WFD programs
Increase
marketing/travel
outside U.S.
Collaborate
w/state for
infrastructure
planning
Update reporting &
tracking methods
Launch Intl
Business
Accelerator
Engage more with
SelectUSA
Seek infrastructure
improvement grants Work with Community
Colleges for training
Create Minority
Entrepreneurship
Program

9. 3 greatest challenges of 2016
Lack of Skilled Labor 48%
Inadequate Infrastructure 29%
City/County/State Budget Cuts 28%
3 greatest challenges of 2009
 Lack of access to capital/financing 58%
 Business closures/downsizing 52%
 Declines in real estate development 48%

10. Two other issues of high concern to ED
professionals:
* Lack of political support for ED was 22% in 2009,
and the incentives debate was not a concern
“Debate Over Incentives”  24%
“Lack of Political Support for ED”  23%

11. Uncertainty
Education
Story Telling
Value
Workforce
Culture
4. Future Economic Development
Budgets, GDP, transforming industries, data and
automation of ED, slowing attacks on ED,
regionalization,
Growing skills gap
Focus on addressing the unfavorable environment
relative to elsewhere. Addressing regulation. How
many cranes?
Appreciation for.. Ourselves and others about
what we do and why. What other states are doing.
Of private investment, a meaningful job, sound
fiscal conditions and QofL/community
Need to tell real stories

12. 6. Other State Organizations: California
Communicate

13. 6. Other State Organizations: California
Communicate

14. 6. Other State Organizations: California
Communicate
 Programs/Activities:
 Webinars
 Introduction to Economic Development Certificate Program
 California Academy for Economic Development
 Regional trainings
 Economic Development Job & Career Center

15. 6. Other State Organizations: California
Communicate
 Programs/Activities:
 California Enterprise Development Authority
 Legislative liaison
 Local Economic Advisory Program
 Conferences

16. Welcome to Texas Economic Development Council
The Texas Economic Development Council (TEDC) is an
an Austin-based, statewide, non-profit professional
association dedicated to the development of economic and
and employment opportunities in Texas. Our diverse
members share a common goal -- bringing new
investment and jobs to Texas.
6. Other State Organizations: Texas

17. 6. Other State Organizations: Texas
 Networking
 Professional development
 Legislative representation
“Our objective is to
support the
economic growth of
Texas and develop
strategies that
promote a positive
business climate in
our state.” - TEDC

18. 6. Other State Organizations: Texas
 Communications
 Conference
 ED Sales Tax
 Education
 Forward Planning
 Legislative
 Membership
 PAC
 Transportation
 Water
 Workforce
Development
Committees

19. 6. Other State Organizations: Texas
 Sources of Funding = $850,000
 Member dues and event revenues cover 70%
 Grant funding
 Sponsors

20. 6. Other State Organizations: Texas
Communicate
Goal 1: Strengthen the economic development profession
1.1: Continue Successful Webinar Program
1.2: Host Two Peer Group Roundtables per Conference
1.3: Grow and Promote the TEDC Education Foundation
1.4: Sponsor Two Regional Luncheons Per Year
1.5: Study Feasibility of Creating a TEDC Blog

21. 6. Other State Organizations: Texas
Communicate
Goal 2: Promote a healthy business climate
2.1: Maintain Focused Legislative Strategy
2.2: Broaden Participation in the TEDC PAC
2.3: Strengthen and Support Team Texas
2.4: Increase External Marketing and Communication Efforts
to Promote TEDC Brand

22. 6. Other State Organizations: Texas
Communicate
Goal 3: Maintain strong leadership and financial
stability for the TEDC
3.1: Continue to Grow and Promote the TEDC Mentorship
Program
3.2: Explore New Membership Discount Options
3.3: Explore Availability of Grant Funding
3.4: Create a New Platinum Level Corporate Sponsorship
3.5: Benchmark TEDC Conference registration fees against
similar organizations
3.6: Conduct Exit Survey of Cancelled TEDC Memberships

23. Advocacy
Governance/Operational
B.
C.
7. What should NYSEDC do to support its
members in this environment of change?
Education ProgramsA.

24. State of the art
Certificate
programs
(IEDC’s CEcD)
Selling your
value to
stakeholders
Public
relations
What is the
“playbook”
How to get
people and
officials to
care/understand
7A. Education Programs

25. Promote tools that
make ED more
effective
Educate legislature
on out of state
information
• Legislative changes to enhance
competitiveness
• Tax increment financing (TIF)
• Sales tax funding model
• Programs
• System
• Approach
7B. Advocacy

26. Workforce
development
Statewide
partnerships
Career lattice work
Networking
Diversify the
board
Maximize
technology
solutions to
organize
members
7C. Governance/Operational

27. Questions

28. Robert Camoin
President & CEO
Camoin Associates
Phone: (518) 899-2608
Email: rcamoin@camoinassociates.com
Web: www.camoinassociates.com
Twitter: @CamoinAssociate
LinkedIn: www.linkedin.com/in/economicdevelopment