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Boone EDC Weekly
Greetings from the Boone EDC,
Welcome to Boone EDC Weekly.
As an organization, the Boone EDC is constantly researching and benchmarking to learn what our competing communities are doing to attract and retain business. Boone EDC Weekly is a compilation of noteworthy National and Indiana news about economic development trends. We will also post information about upcoming conferences, events and webinars that you may find interesting.
Boone EDC Weekly is another tool that you can refer to as a community leader to help Boone County continue to move forward in a positive manner.
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Mass-Transit Advocates Make Headway in New Legislature
Indianapolis Business Journal - Kathleen McLaughlin
Mass transit advocates think they have a good shot at reviving their cause with the new Republican-dominated Legislature.
The $1.3 billion transit plan for Hamilton and Marion counties is one of a few lingering issues - along with Sunday alcohol sales and a constitutional amendment banning same-sex marriage - likely to appear before lawmakers in 2013.
Advocates for and against those causes began work long before Tuesday's election, which ushered in a super-majority for Republicans in the House. Senate Republicans retained their quorum-proof majority.
State Rep. Jerry Torr, R-Carmel, said he's offered to carry the transit bill, which died early in the last session because it contained right-to-work language. Torr easily won re-election against Socialist candidate John Strinka in District 39.
Legislative approval is just the first step in the transit plan, which would expand bus service and add rail from Noblesville to downtown Indianapolis. Voters would have to approve a ballot issue to raise local income taxes.
Click here to learn more.
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These Are The Cities That Know How To Create Jobs
The Atlantic Cities - Richard Florida
A recent analysis of competitiveness and job growth across U.S. metros conducted by Economic Modeling Specialists could not be more timely. It provides a detailed assessment of the metros that have generated the most robust job growth based on "unique regional factors rather than national trends." To do so, it conducted a shift-share analysis of employment trends for the 100 largest U.S. metros for the period 2010 to 2012. Shift-share analysis, the study notes, helps "distinguish between growth that is primarily based on big national forces (the proverbial 'rising tide lifts all boats' analogy) vs. local competitive advantages."
Its regional competitiveness assessment is based on subtracting the the number of jobs expected for each metro (or MSA) based on national economic trends from the region's total jobs, adding that the difference between the total and expected is the competitive effect. If the competitive effect is positive, then the MSA has exceeded expectations and created more jobs than national trends would have suggested. It is therefore gaining a greater share of the total jobs being created. If the competitive effect is negative, then the MSA is below what we would expect given national trends. In this case the MSA is losing a greater share of the total jobs being created.
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Branding A City For Success
The Community Press Recorder - Val Prevish
Jay Finch knows exactly why he chose Cincinnati to launch his new business, which helps small companies raise interest-free capital from loyal customers. "This is the greatest place in the world for packaging brands," Finch says. "It makes sense to start here."
Finch is one of nearly a dozen business owners who have been lured to the region this year by the Brandery, a 2-year-old accelerator. It offers entrepreneurs the chance to work with the brightest branding minds in the world to get their young companies off the ground and create new high-paying jobs.
The Brandery is taking advantage of the region's concentration of marketing expertise at companies like Procter & Gamble, Kroger and Macy's, and of the dozens of branding and advertising companies that have grown up around them. Local development officials tout the native skills and talent: Gov. John Kasich last year named the region the Marketing Hub for JobsOhio, a semi-private agency whose mission is to lead economic development in the state
Click here to learn more.
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New Castle Approves Jennings Building Renovation
Courier Times - Sara Kovach The city has approved the development agreement to proceed with renovating the historic Jennings Building in downtown New Castle.
City Attorney David Copenhaver presented a resolution Monday to the Board of Works to authorize an agreement with Historic Properties LLC and the New Castle Redevelopment Commission (RDC) to execute the project on behalf of the city.
"The agreement is RDC has pledged funds to develop this property and to get it occupied," said Copenhaver. "The project will not be a part of the city's budget."
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Do Millennials Want to Call Your City 'Home'?
Governing - William Fulton You know the story: Kids move to where they want to live and then look for a job, not the other way around. They're drawn to a small number of hip metro areas (D.C., San Francisco, Seattle) and smaller cities (Boulder, Colo.; Missoula, Mont.; Palo Alto, Calif.) around the country and hip employers follow them. The result is an upward cycle of talent and jobs and business growth in the fashionable places, and a downward cycle everywhere else.
It's not unusual to hear people complain about this problem in Middle America, or in second-tier cities without a big university, or in populous but aging suburban locations such as Long Island, N.Y. But it's not a common thing to hear about in a place like Boston, which has the greatest concentration of universities in the country, lots of cool neighborhoods and a big chunk of the innovation economy.
Here are the facts most people know: For the foreseeable future, the so-called millennials (currently ages 18-30) will drive both the housing market and the fast-growing innovation economy. It's a huge cohort of about 70 million people. And as I mentioned above, they are gravitating toward a select group of metros and small cities.
Click here to learn more. |
Non Profit Helps Communities Build Better Towns
The Atlantic Cities - Kathryn Hawkins The recession has hit local governments hard: Nationwide, 28 municipalities have filed for bankruptcy since 2010, and thousands of others are struggling with budget shortfalls. As a result, civic projects focused on community improvement--projects like building playgrounds and improving public transportation--often fall by the wayside. "As jobs went away and places declined, the local tax base went away and shut down the economic engine that drove civic projects," says Jase Wilson, a Kansas City, Mo.-based entrepreneur focused on urban planning. Wilson realized that if local governments weren't able or willing to fund civic projects, community residents could fund the projects on their own. To make it happen, he created Neighbor.ly, a civic crowd funding platform modeled after Kickstarter, which allows supporters to contribute towards a greater financial goal. Local government organizations and private or nonprofit groups that focus on civic projects are permitted to submit projects; both individuals and companies can fund those projects through the platform.
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Video Blog
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Meeting Dates
Boone County Commissioners: - November 19 @ 9 a.m. Boone County Council: - November 13 @ 8:30 a.m. Boone County APC: - December 5 @ 7 p.m. Boone County RDC: - November 16 @ 2 p.m. Advance Town Council: - November 12 @ 7 p.m. Jamestown Town Council: - December 4 @ 7 p.m. Lebanon City Council: - November 12 @ 7 p.m. Thorntown Town Council: - November 19 @ 7 p.m. Whitestown Town Council: - November 13 @ 6:30 p.m. Zionsville Town Council: - December 3 @ 7 p.m. Boone EDC Board of Directors: - November 15 @ 4 p.m. Boone EDC Executive Committee:
- December 13 @ 7:30 a.m.
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