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Economic Development: Takin ’ Care of Business William B. Killingsworth Director, Division of Community Development

Economic Development: Takin ’ Care of Business William B. Killingsworth Director, Division of Community Development. Overview. Overview of a few key resources for cities: Community Development Block Grant Program Economic development resources for rural areas.

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Economic Development: Takin ’ Care of Business William B. Killingsworth Director, Division of Community Development

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  1. Economic Development: Takin’ Care of Business William B. Killingsworth Director, Division of Community Development

  2. Overview • Overview of a few key resources for cities: • Community Development Block Grant Program • Economic development resources for rural areas. • Planning technical assistance • Competitive Florida Partnership

  3. Community Development Block Grant Program National Objectives Benefit low and moderate income persons Prevent or eliminate slum or blight Address urgent community development needs. Categories for Small Cities: Economic Development Neighborhood Revitalization Commercial Revitalization Housing Rehabilitation

  4. Economic Development for Rural Areas Rural Economic Development Initiative Rural Areas of Critical Economic Concern Regional Rural Development Grant Program Rural Community Development Revolving Loan Fund Rural Infrastructure Fund

  5. Planning Technical Assistance • $1.2 million in 2013 for planning technical assistance. • Recent efforts: • Live Oak Post-Disaster Redevelopment Plan • Franklin Countywide Long-term Diversification Strategy.

  6. Communities are like different storefronts… • Different stores operate based on their values, assets and the customers they want to attract. • Communities should have visions for their future that work to ensure that their built environment and regulatory support structure support their path to the future.

  7. Program Assumptions • Communities that plan, build, and enhance their economy while being true to what make them unique are more competitive. • We can help communities value those assets that makes them unique & challenge them to set realistic goals to advance their vision. • Participants are committed to innovative strategies to promote community, economy, and leadership. • A network of vibrant communities who share success and lessons learned from their peers can be created.

  8. Program Objectives • Competitive Florida will tie the programs and staff of the Community Development Division together through a coordinated effort to increase local economic competitiveness. • Competitive Florida will foster long-term partnerships. • Participating communities will develop the capacity to implement their vision by leveraging their unique gifts.

  9. Asset-Based Economic Development Human Assets Social Assets Physical Assets Creates competitive economic advantage

  10. Types of Assets Institutional assets are structured organizations that do not rely on voluntary commitment such as schools, hospitals, and government agencies. Previous effort assets are prior community processes. Natural assets can be the landscape and includes both renewable and nonrenewable material resources. Financial assets are cash, grants, bonds, and other like instruments that can be converted to other assets. Built assets includes transportation networks, communication systems, utilities, public facilities, and commercial buildings. • Individual assets are made up of the skills and abilities of individuals including their ability to earn a living, strengthen community, and contribute to community organizations, to their families and to self-improvement. • Associational assets are made up of the voluntary networks or associations that participate in activities that produce significant community benefit. • Political assets allow a community to influence the distribution and use of resources. • Cultural assets give each community its distinct character. It is composed of the traditions, history, and festivals each community celebrates.

  11. Needs vs. Assets Needs Based CED Assets Based CED Utilizes unique community characteristics Connects existing resources & assets Identifies and leverages assets in the community’s control Measures continuous improvement Local leaders in control Builds local capacity • Glass is half empty • Relies on outside resources • Focuses on overcoming weaknesses • Subject to shifts in external policies • External agencies in control • Relies expertise of others

  12. How Competitive Florida Works. Engage the community and get to know you. Community Leadership makes a commitment. Build a team and start off with a bang. Map the assets and paint a realistic picture. Capture the vision and develop the strategy. Broadcast it to the public and tackle it. Celebrate! Do something.

  13. Tell us what you think! Please fill out the short survey at: www.floridajobs.org/competitiveflorida

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