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Targeted Economic Development

Targeted Economic Development. A Regional Approach. Marilyn Schlake UNL Extension. Presented by:. Roger Meeks USDA Rural Development. Carroll Welte UNL Extension. The SET Phase IV States: 2 New -- 5 Expanding. SET Phase IV. Purpose of SET. Help rural communities/counties

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Targeted Economic Development

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  1. Targeted Economic Development A Regional Approach Marilyn Schlake UNL Extension Presented by: Roger Meeks USDA Rural Development Carroll Welte UNL Extension

  2. The SET Phase IV States: 2 New -- 5 Expanding SET Phase IV

  3. Purpose of SET Help rural communities/counties work together as a regional team in developing and implementing A High Quality Regional Economic Development Plan that builds on the current and emerging economic strengths of their region

  4. SET Core Process Modules

  5. DEFINING A REGION:Different Approaches

  6. Regions Can be Defined Using Different Lenses Political Ecological Administrative Policy or Data Relevant Economic Geographic

  7. Building Your Team

  8. Invite People to the Team that: • Can influence success • Have necessary skills • Have resources • Are respected leaders • Will encourage buy-in • Represent emerging industry sectors • Represent diverse populations Source: Know Your Region

  9. Who Should be at the Table?

  10. Producing a High Quality Plan: The Essential Components • Evidence-Based • Practical Team’s Regional Plan Aligned with Vision & Goals • Broadly Supported • Focused on Regional Economic Development

  11. Elements of Economic Development GOAL: An improved quality of life for people in the region Source: Barta, et al., 2010

  12. The C.A.R.E. Model

  13. Group Activity • Categorize activities using the C.A.R.E. model • Identify common activities, major differences • Examine the balance between activities in each component of the C.A.R.E. model

  14. BUILDING REGIONAL NETWORKS & COLLABORATIVES

  15. The whole is greater thanthe sum of the parts. Collaboration Math

  16. Effectiveness Trust Building Toward Collaboration Networking

  17. Collaboration Equals SUCCESS! Regional High Quality Economic Development Plan

  18. Final Thoughts • Clarification • Questions • SET contact persons: • UNL Extension: Marilyn Schlake & Carroll Welte • USDA RD: Roger Meeks

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