ATLANTA Innovation Ecosystem

Regional Economic Competitiveness

UNDERSTANDING LOCAL INNOVATION ECOSYSTEMS

Clark Atlanta University Workshop September 2017

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UNDERSTANDING LOCAL INNOVATION ECOSYSTEMS

Clark Atlanta University Workshop September 2017

In This Workshop: • Evolution of US Economy • Innovation Economy • Local innovation ecosystem • How the local economy is impacted by policy measures • Planned growth of Atlanta’s regional economy, strategies for

the next five years • Economic Competitiveness; how is it measured • Inclusive Competitiveness; importance of it • Mapping an innovation ecosystem • Identifying 8 communities of influence • Next Steps to take now to secure access to opportunity • Textbook Resource: “The Future Economy and Inclusive

Competitiveness”

US ECONOMIC HISTORY

19th 20th 21st

Knowledge-based Tech-driven

Globally competitive Innovation Economy

Agriculture Lots of Land Lots of People Lots of Animals Labor Intensive

Manufacturing Means of Production Lots of People Labor Intensive

Globalized commerce

Democratized information & technology

Exponential entrepreneurship growth

Accelerated new knowledge creation

Interconnectedness of (almost) everything

THE INNOVATION ECONOMY

2014 Copyright Johnathan M. Holifield, Co-Founder, ScaleUp Partners - www.scaleuppartners.com

Squeezing Rural & Inner City Americans!

GLOBAL COMPETITION FOR JOBS

FEWER WORKERS NEEDED FOR JOBS

2014 Copyright Johnathan M. Holifield, Co-Founder, ScaleUp Partners - www.scaleuppartners.com

INNOVATION ECONOMY SQUEEZE

EXCLUDED NON-COMPETITIVE

Who will CREATE the jobs of tomorrow? Who will be America’s EMPLOYERS in 2025?

DEMOGRAPHIC IMPERATIVE

PIPELINE OF PRODUCTIVITY

STEAM EDUCATION Science, Technology,

Engineering, Arts and Math

Blue Collar

White Collar

WORKFORCE ENTREPRENEURSHIP

Business Ownership Job Creation Wealth-building

21st CENTURY COMPETITORS

STEAM EDUCATION CRITICAL THINKING PROBLEM-SOLVING

ENTREPRENEURSHIP SKILLS COMPETITIVENESS

https://www.youtube.com/watch?v=-2547RlpEIM

World Economic Forum’s Global Competitiveness Index: Assesses the economic competitiveness landscape of 138 economies.

Provides insight into the drivers of their productivity and prosperity.

https://youtu.be/_OZGlDrionE

HOW TO MEASURE COMPETITIVENESS

12 MAIN METRICS

“U.S. competitiveness [is] the ability of firms in the U.S. to succeed in the global marketplace while raising the living standards of the average American.” Michael Porter and Jan Rivkin, U.S. Competitiveness Project, Harvard Business School

2014 Copyright Johnathan M. Holifield, Co-Founder, ScaleUp Partners - www.scaleuppartners.com

COMPETITIVENESS REDEFINED

An interdisciplinary framework to create community systems that improve the business productivity of disconnected Americans within today’s Innovation Economy.

BIG IDEA: INCLUSIVE COMPETITIVENESS®

2014 Copyright Johnathan M. Holifield, Co-Founder, ScaleUp Partners - www.scaleuppartners.com

How can communities become more productive and competitive in today’s innovation economy?

COMMUNITY COMPETITIVENESS

What is your community’s comprehensive economic strategy, plans, goals and measurable metrics?

COMMUNITY COMPETITIVENESS

The Comprehensive Economic Development Strategy (CEDS) contributes to effective economic development in America’s communities and regions through a locally-based, regionally-driven economic development planning process.

Economic development planning – as implemented through the CEDS – is not only a cornerstone of the U.S. Economic Development Administration’s (EDA) programs, but successfully serves as a means to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional collaboration. The CEDS provides the capacity-building foundation by which the public sector, working in conjunction with other economic actors (individuals, firms, industries), creates the environment for regional economic prosperity.

WHAT IS CEDS? (Part A)

Simply put, a CEDS is a strategy-driven plan for regional economic development. A CEDS is the result of a regionally-owned planning process designed to build capacity and guide the economic prosperity and resiliency of an area or region.

It is a key component in establishing and maintaining a robust economic ecosystem by helping to build regional capacity (through hard and soft infrastructure) that contributes to individual, firm, and community success. The CEDS provides a vehicle for individuals, organizations, local governments, institutes of learning, and private industry to engage in a meaningful conversation and debate about what capacity building efforts would best serve economic development in the region.

WHAT IS CEDS? (Part B)

Six (6) priorities for Regional Development Organizations to include in their Comprehensive Economic Development Strategies (CEDS) Plans.

Collaborative Regional Innovation Projects that increase the development and growth of innovation clusters which, based on objective economic data, are existing regional competitive strengths. Such initiatives must engage relevant stakeholders; facilitate collaboration among urban, suburban, and rural (including tribal) areas; provide stability for economic development through long-term intergovernmental and public/private collaboration; and support the growth of existing and emerging industries.

INVESTMENT PRIORITY #1

Public/Private Partnerships Projects that use both public and private sector assets and complementary investments by other government/public entities and/or nonprofits.

INVESTMENT PRIORITY #2

National Strategic Priorities Projects that: encourage job growth and business expansion in manufacturing and manufacturing supply chains; assist communities severely impacted by the declining use of coal; increase economic resiliency, including resilience to the effects of natural disasters and climate change and assist and/or support:

• information technology infrastructure (broadband or smart grid); • communities severely impacted by industry restructuring; • job-driven skills development; • access to capital for small- medium-sized and ethnically diverse enterprises; • innovations in science and health care; and advancement of science and

research parks, other technology transfer, or tech commercialization efforts.

INVESTMENT PRIORITY #3

Global Competitiveness Projects that support high-growth businesses and innovation-based entrepreneurs to expand and compete in global markets, especially investments that expand U.S. exports, encourage foreign direct investment, promote the repatriation of jobs back to the U.S, and position U.S. firms to become leaders in global industries.

INVESTMENT PRIORITY #4

Environmentally-Sustainable Development Projects that promote job creation and economic prosperity through enhancing environmental quality and developing and implementing green products, processes, places, and buildings as part of the green economy. This includes projects that encourage job growth, business expansion, and innovations in energy-efficient technologies and clean energy, including alternative fuel technologies.

INVESTMENT PRIORITY #5

Underserved Communities Investments that strengthen diverse communities that have suffered disproportionate economic distress and job losses and/or are rebuilding to become more competitive in the global economy, including economic development initiatives that help unemployed and underemployed young adults obtain the skills and knowledge necessary to succeed.

INVESTMENT PRIORITY #6

“How cities have thrived in the past 100 years will no longer lead to success in the digital economy,” Donna Harris, one of the co-founders of 1776 and the lead author of the study, writes in the 2016 report. “The cities that succeed in creating a brighter new future will rely on an entirely new playbook.”

2016 REPORT

Atlanta ranked 21 out of top 25 US cities that are ready to capitalize on the shift to digital tech in a global innovation economy.

YOUR CITY

NEEDS YOU!

HAS ANYONE IN THIS ROOM READ THIS STRATEGY DOCUMENT?

Atlanta’s Regional Development Organization

https://vimeo.com/92845861

Atlanta Regional Commission Strategy for Regional and Global Competitiveness

ARE YOU INCLUDED ATLANTA’s

ECONOMIC FUTURE?

Who’s responsibility is it?

MAPPING THE ELEMENTS

COMMUNITIES OF INFLUENCE

The Atlanta Regional Commission (ARC) is updating its regional competitiveness strategy, and renaming it CATLYST. As part of this update, ARC wants you to help determine the Atlanta region’s future and to help determine and address the most critical regional challenges for the next five years. We value your feedback! Let us know what you think by answering this questionnaire.

The game is about to change with a new playbook!

About the CATLYST Strategy Through this engagement process, CATLYST builds on the 2012 Regional Economic Competitiveness Strategy. It will provide updated goals and objectives to further advance the economy of the 10-county region and provide more opportunities for its residents. The planning process will begin with regional data analysis, and will include extensive outreach throughout, including interviews, focus groups, public forums, and workshops with members of the Strategy Committee. The committee is a group of 65 public, private, and nonprofit leaders from across the Atlanta region.

JUNE JULY AUGUST SEPT OCT

A new five-year plan for the economic growth and competitiveness of the Atlanta region will be unveiled soon.

Will it include the AUC? Will it include you?

MIKE GREEN JOHNATHAN HOLIFIELD

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