EDA Update

 

 

 

 

 

 

 

 

 

Vol. 5 No. 1 November 2007

 

 

 



In this issue...

  • Mark Your Calendar for the Next Economic Development Today Telecast: "Strategies for Success in the 21st Century Global Marketplace – Why Free Trade is Important to U.S. Regions," Thursday, November 8, 2007, 3:00 pm EST
  • Submit Your Story Ideas to EDA
  • September Entrepreneurship Symposium in Kansas City Ends EDA's 2007 Symposia Series on a High Note
  • EDA Teams with the Council on Competitiveness to Boost Innovation-driven Economic Development by Promoting Regional Cooperation
  • September 2007 Marks Record 49th Consecutive Month of Job Growth
  • Next Issue of Economic Development America to Focus on Rural Regional Initiatives
  • Upcoming EDA Excellence in Economic Development Awards Presentations
  • Convert Your TV to Digital with Free $40 Government Coupon

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Economic Development Today

Mark Your Calendar for the Next Economic Development Today Telecast: "Strategies for Success in the 21st Century Global Marketplace – Why Free Trade is Important to U.S. Regions," Thursday, November 8, 2007, 3:00 pm EST

Web streaming now available! (more details)

Learn from host Sandy K. Baruah, Assistant Secretary of Commerce for Economic Development, and a panel of experts in a discussion about the economic development benefits of bolstering free trade. The guests will include:

• The Honorable Carlos M. Gutierrez, Secretary of Commerce
• Congressman Gregory W. Meeks (D-NY6)
• William Stafford, President, Trade Development Alliance of Greater Seattle
• Anne Burkett, President, North Alabama Trade Association

William Stafford will address how the Trade Development Alliance of Greater Seattle promotes the region's businesses, educational institutions and ports as players in the international economy. Ann Burkett will address how the North Alabama International Trade Association (NAITA) is spearheading trade development as the catalyst for growth opportunities in North Alabama by providing an international networking forum, education on trade issues, and preparing business for global success.

Tune in to learn how regions across the nation are enjoying the vast economic opportunities provided by export growth, including job growth, increased business opportunities for small and medium-size firms, and increased tax revenue as businesses succeed in the worldwide economy.

Click here for free and simple online registration!

For access information, visit www.narc.org. For additional information, contact Peggy Tadej at tadej@narc.org or (202) 986-1032, ext. 224.



Submit Your Story Ideas to EDA

EDA would like to hear your story ideas and suggestions for possible topics for the upcoming FY08 magazines and TV shows. Let us know if you have best practices or success stories that you would like EDA to highlight. Please submit your topic ideas to Bryan Borlik, EDA's Deputy Director of Public Affairs, at bborlik@eda.doc.gov.



September Entrepreneurship Symposium in Kansas City Ends EDA's 2007 Symposia Series on a High Note

On September 26, EDA, in partnership with its Chicago and Denver regional offices, hosted its final Economic Development Symposium of 2007 in Kansas City, Missouri. Over 300 attendees came to learn more about the symposium topics of fostering entrepreneurship.

Carl J. Schramm, President and CEO of the Ewing Marion Kauffman Foundation, opened the program as keynote speaker. Under Mr. Schramm's leadership, the Kauffman Foundation has developed innovative programs that expose students to the power of entrepreneurship; open new pathways to move university innovations into the marketplace; create better-qualified angel investors as a source of seed capital for entrepreneurs; and engage economists of the highest caliber to study the impact of entrepreneurship.

Mr. Schramm noted that the resurgence of cities and regions must not be just about urban planning and the built environment, but rather entrepreneurial growth and innovative business creation. Entrepreneurship occurs not within political systems or elite establishments, but from the private sector and well-educated and skilled citizens. Recognizing this, the Kauffman Foundation has worked to promote and sustain entrepreneurs in creating a vibrant economy nationwide. While transformational moments cannot be predicted, Mr. Schramm noted, regions can increase the likelihood of their occurrence by making sure the right conditions and characteristics are in place, including openness to new ideas and people and the availability of entrepreneurial networks.

The Honorable John Hoeven, Governor of North Dakota, gave the afternoon keynote presentation. Elected governor in December of 2000, Governor Hoeven began working to build North Dakota's future by focusing on six pillars of growth: education, economic development, agriculture, energy, technology and quality of life. Under his leadership, North Dakota has expanded and diversified its economy, adding many new jobs and businesses. In 2003, North Dakota led the nation in personal income and wage growth. When much of the nation struggled through a recession and reported budget deficits, North Dakota continued to grow and diversify its economy. Because of the governor's stewardship, the state ended the last fiscal biennium with a substantial surplus and no new taxes. His current budget continues to provide more state funding for K-12 education, additional revenue sharing with cities and counties, tax credits for farms and businesses, and a property tax break for seniors an d people with disabilities.

In addition to Mr. Schramm and Governor Hoeven, many other excellent speakers presented at the symposium. If you were unable to attend this event or any of the other symposia, be sure to check the Fall issue of Economic Development America magazine – due out in November – for a full summary of all five symposia.



EDA Teams with the Council on Competitiveness to Boost Innovation-driven Economic Development by Promoting Regional Cooperation

21st Century Leadership Initiative Will Help Local Leaders Think Regionally, Build Collaborative Leadership Networks to Promote Innovation-driven Economic Development within Regions

EDA announces the award of a $265,075 investment to the Council on Competitiveness (Council) of Washington, D.C. to promote and strengthen regional leadership through the 21st Century Leadership Initiative. The 21st Century Leadership Initiative will boost innovation-driven economic development that will expand trade opportunities and capture market-share for American companies and workers. Regional leaders will learn how to leverage assets to boost regional platforms for innovation, creating innovation "hotspots" around the country. The Council will use the EDA investment to develop a practitioner-accessible research report and a feasibility plan for the development of a new National Center on Regional Leadership.

"The Economic Development Administration is proud to partner with the Council on Competitiveness to promote regional, innovation-driven economic development through the 21st Century Regional Leadership Initiative," said U.S. Assistant Secretary of Commerce for Economic Development Sandy K. Baruah. "This initiative will empower regional leaders and implement collaborative leadership networks that will turbo-charge regional platforms for innovation, creating a competitive advantage for American companies and workers."

"The Council on Competitiveness is committed to helping U.S. regions drive productivity and build prosperity across the country," said Deborah L. Wince-Smith, president of the Council on Competitiveness. "This exciting partnership is an initial step toward equipping regional leaders with the tools and resources needed to compete in today's global economy."

The research effort will offer clear guidance to practitioners on how to support and develop regional leaders and regional leadership organizations. The research will include a strong focus on understanding regional system dynamics that require multiple organizations with distinct missions to collaborate to achieve economic development success. The work will also identify the skills sets required of individual leaders and the tools and organizational structures that can be utilized by regional leadership groups.

The National Center for Regional Leadership feasibility plan will outline a strategy to develop a world-class institution that will support cutting-edge research and offer a variety of training programs to aspiring regional leaders.

Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: www.eda.gov.



September 2007 Marks Record 49th Consecutive Month of Job Growth

On October 11, the Bureau of Labor Statistics released new jobs figures – 110,000 jobs were created in September. September 2007 is the 49th consecutive month of job growth, setting a new record for the longest uninterrupted expansion of the U.S. labor market. Significant upward revisions to employment in July and August mean employment growth has averaged 97,000 jobs per month over the last three months. Since August 2003, our economy has created more than 8.1 million jobs, and the unemployment rate remains low at 4.7 percent.



Next Issue of Economic Development America to Focus on Rural Regional Initiatives

The Fall 2007 issue of Economic Development America magazine will be published in late November. This issue features articles on regional initiatives in Massachusetts, North Carolina, the Pacific Northwest, Indiana, Kentucky, Montana and more, centered on a variety of industries and strategies. In addition, this issue includes a summary report of the five economic development symposia that EDA held around the country in 2007.

Back issues of Economic Development America are available in PDF format on EDA's website.



Upcoming EDA Excellence in Economic Development Awards Presentations

Assistant Secretary Sandy K. Baruah will present the EDA Excellence in Economic Development Award for Community and Faith-based Social Entrepreneurship to the Pyramid Community Development Corporation in Houston, Texas, on November 16, 2007.

Assistant Secretary Baruah will present the EDA Excellence in Economic Development Award for Urban or Suburban Economic Development to Gateway Park, LLC in Worcester, Mass., on November 29, 2007.

Assistant Secretary Baruah will present the EDA Excellence in Economic Development Award for Technology-led Economic Development to the Florida Institute for Human and Machine Cognition in Pensacola, Fla., on November 30, 2007.



Convert Your TV to Digital with Free $40 Government Coupon

On February 17, 2009, television broadcasters are switching from analog to all-digital broadcasting. By this date, all "over-the-air" viewers who use "rabbit ears" or antenna to get a TV signal will need to take action to continue to receive television service. Choose one of three options: (1) purchase a digital-to-analog converter box; (2) subscribe to cable or satellite service; or (3) purchase a digital television. Starting January 1, 2008, on first-come, first-served basis, consumers can get two $40 coupons towards buying a government approved converter box. For more information call 1-888-DTV-2009, or visit www.ntia.doc.gov/dtvcoupon/faq.html.



EDA Update is brought to you as a benefit of a partnership among the Economic Development Administration (EDA), the International Economic Development Council (IEDC) and the National Association of Regional Councils (NARC), to provide information about economic development practices and programs to economic development practitioners who serve distressed communities throughout the United States. This partnership also provides six telecasts and a quarterly magazine. For more information, visit the EDA website at www.eda.gov.

 







 

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