Economic Prosperity: The Luck of the Draw or a Reflection on Preparedness? An Introduction to the Community Economic Dev

1. Economic Prosperity: The Luck of the Draw or a Reflection on Preparedness? An Introduction to the Community Economic Development Preparedness Index Andy Lewis Community Development Specialist University of Wisconsin Extension March, 2008, Kyiv, Ukraine

2. Economic Development: • “The process of retaining, expanding, and attracting jobs, income and wealth in a manner that improves individual economic opportunities and the quality of human life.”

3. My How You’ve Grown

4. Luck of the Draw?

5. Siren, Wisconsin

6. Be Prepared

7. Being Prepared for the Good…and the Bad

8. Take A Step Backwards In Order To Move Forward • While many communities are interested in developing economic development strategies, few communities base those strategies on an assessment of the community’s strengths and weaknesses.

9. The Old Version

10. The CEDPI Was Used as Part of the Community Economic Analysis Process

11. Community Economic Development Preparedness Index http://www.uwex.edu/ces/cced/economies/cedpi.cfm

12. Community Economic Development Preparedness Index http://www.uwex.edu/ces/cced/economies/cedpi.cfm

13. Alternative Methods for Collecting Data http://www.zoomerang.comhttp://www.surveymonkey.com/

14. Web-Based CEDPI

15. Web-Based CEDPI

16. The Index Measures a Community’s Readiness to: • Retain existing businesses and income • Attract new businesses, residents, and income • Expand small businesses and income within your community.

17. 12 Sections: • Organizational Capacity for Economic Development • Strategies for Economic Development • Existing Business Retention • New Business Formation • Attracting New Businesses • Tourism • Downtown Merchants • Information for Economic Development • Labor Force • Infrastructure Capacity • Financial Resources • Quality of Life

18. Section 1: Organizational Capacity for Economic Development

19. Sample Questions…

20. STRATEGIES FOR ECONOMIC DEVELOPMENT

21. EXISTING BUSINESS RETENTION

22. NEW BUSINESS FORMATION

23. ATTRACTING NEW BUSINESSES

24. TOURISM

25. DOWNTOWN MERCHANTS

26. INFORMATION FOR ECONOMIC DEVELOPMENT

27. LABOR FORCE

28. INFRASTRUCTURE CAPACITY

29. FINANCIAL RESOURCES

30. QUALITY OF LIFE

31. Final Report/Scoring

32. Don’t Know Responses

33. Prioritizing Strengths and Weaknesses

34. Action Planning

35. Beyond elitism: Jane Jacobs on the proper role of an urban economy “A metropolitan economy, if it is working well, is constantly transforming many poor people into middle class people ...greenhorns into competent citizens... Cities don’t lure the middle class, they create it”

36. Final Words of Wisdom… • “Never Underestimate the Resourcefulness of a group of people who are snowed in for half the year”

37. Andy Lewis • Contact Information: • Community Development Specialist • Center for Community & Economic Development • University of Wisconsin Extension • 610 Langdon St., Room 334 Madison, WI 53703 • (608) 263-1432, (608) 263-4999 fax • andy.lewis@uwex.edu • http://www.uwex.edu/ces/cced • For a copy of today’s presentation: • http://www.uwex.edu/ces/cced/economies/documents/Onalaska_WDAC.pdf