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The Stronger Economies Together (SET) Program

The Stronger Economies Together (SET) Program. Thinking Differently About Your Economic Assets. Bo Beaulieu -- Purdue Center for Regional Development. The Delta: A Challenging Environment. The Response by Local Leaders?.

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The Stronger Economies Together (SET) Program

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  1. The Stronger Economies Together (SET) Program Thinking Differently About Your Economic Assets Bo Beaulieu -- Purdue Center for Regional Development

  2. The Delta: A Challenging Environment

  3. The Response by Local Leaders? Big Auto Company: PLEASE come to our city/county !! Don’t go to the next county. They won’t take care of you as well as we will. We have the best football team in the area. We want jobs. . . Any job will do.

  4. An Important Decision “Let’s work together to make things better.” “Get out of my sandbox. I’m not playing with you.”

  5. SET: Working to Add Value toLocal Activities

  6. What is SET Trying to Do? 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.

  7. Several Components to SET Vision & Goals Data Assets The Team A Regional Plan

  8. The SET Support System • USDA Rural Development • Federal • State • Southern Rural Development Center & its sister Regional RD Centers • Purdue Center for Regional Development • Extension Service – State Land-Grant Universities

  9. Studying Data on Your Population

  10. Why ?

  11. Helps Determine Whose Voices Need to be at the Table

  12. Building an Inclusive Regional Team

  13. SET . . . Expanding Engagement 464 Initial Participants (+362%) 1,679 Participants (+362%) 1,7 Beginning of SET By the End of SET

  14. More Data:Exploring the Region’s Comparative Economic Advantages

  15. Studying Current Local Economic Development Plans

  16. Exploring the Region’s Industry Clusters Groups of similar and related firms in a defined geographic area that share common markets, technologies, worker skill needs, and that are often linked by buyer-seller relationships

  17. State-Level Clusters: 2001-2012An Example

  18. Plugging the Leaks

  19. Looking at Regional Expenditures

  20. C.A.R.E for the Cluster Source: Barta, et al (2010) CARE Model

  21. What Comes Next ? • Developing Vision and Goal Statements • Discovering Your Assets • Building a plan • Selecting measures to track progress and determine success/impacts

  22. The Ultimate GOAL of SET:Develop and Implement a High Quality Plan • Evidence-Based • Practical Team’s Regional Plan • Broadly Supported Aligned with Vision & Goals • Focused on Regional Economic Development

  23. Good Things are Happening • 28 state are now part of the SET program • 60+ regions being reached • About $6.2 million captured by SET regions to date (3:1 ratio) • New and lasting relationships being built

  24. A Recent SET Meeting in Colorado “It was interesting to list the places where we have commonalities and the places we have vast differences. I think coming together on things that benefit not just communities but the entire region is going to be a great part of the process.” Christina Oxley, Executive Director Craig, CO Chamber of Commerce Comment about May 1, 2013 SET meeting

  25. The Raton Range Newspaper “Each of those groups was formed under the Stronger Economies Together program funded by the U.S. Department of Agriculture. The federal government has been encouraging regional economic development in hopes that federal dollars awarded for economic development efforts will be used more efficiently.”

  26. For More Information Introductory Overview of SET: http://srdc.msstate.edu/set/files/overview_p3_11_2012.pdf

  27. Contact Information Bo Beaulieu, PhD Director Purdue Center for Regional Development ljb@purdue.edu 765-494-7273

  28. States Currently Part of SET

  29. What SET Provides Regional Teams Data & Analysis Technical Assistance Peer-to-Peer Networking Coaching

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