Posted by Susan Davis
Deloitte has just published its 2009 Industry Outlook. For a more in-depth look at the trends, this report reveals potential industry-specific challenges and opportunities for 2009. See here
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Posted by Susan Davis
Deloitte has just published its 2009 Industry Outlook. For a more in-depth look at the trends, this report reveals potential industry-specific challenges and opportunities for 2009. See here
Posted by Jenna Wargo | Permalink | Comments (0) | TrackBack (0)
Posted by Heather Clark-Reynolds
Check out the blog on "How to Become an Entrepreneur. It has 163 recommendations on how to do so. The HHSBDC's business advisor, Heather Clark-Reynolds has listed her idea at number 137! Find it here.
Posted by Jenna Wargo in Entrepreneurship | Permalink | Comments (0) | TrackBack (0)
Last week I attended the Roads to Renewal: A Summit on the Changing Automotive Industry - How Communities Can Thrive in Chicago. This was the inaugural session and Kim Hill, Director of the Automotive Communities Program (ACP), hopes will become an annual event. I have been working with numerous communities in Indiana experiencing negative impacts of the auto and RV industries very similar to Michigan and Ohio. What I did not realize was that Kentucky, Mississippi, Louisiana, and Missouri were experiencing it now as well. I thought the effects were a few months away for them. One consistent theme throughout the entire Summit was the need to think and act regionally and collaboratively. Additional information about the Summit can be found at here. Additional information about the Automotive Communities Program is at here. I highly recommend any community experiencing an auto-related business economy to visit their website.
Posted by Terri Lester | Permalink | Comments (3) | TrackBack (0)
Tonight I'll be meeting with the Parke County Quality of Life Council to talk about their tourism economy. Parke County, Indiana is the Covered Bridge Capital of the World and certainly has some valuable tourism-related assets. Still, it is tough for any single rural county to make a go of it in any industry, tourism included. Tonight we'll be discussing how a Regional Tourism Network might be a good idea for not just Parke County but for all of West Central Indiana. Tonight's PowerPoint presentation is available here.
Posted by Scott Hutcheson in Tourism | Permalink | Comments (0) | TrackBack (0)
Posted by Christine Nolan
Richard Florida’s theories about the importance of the “creative class” are getting some further exploration from a new study by planners and spatial analysts at Columbia University in New York city and the University of Southern California in LA. The new study, called “The Geography of Buzz” mapped the density of a range of cultural events in Manhattan and LA for a period of one year using GIS technology, and came up with clusters of hot spots in fashion, art, film, theater, television and music. The study is described by a recent article in the New York Times and you can read it here.
The article contains links to the downloadable study report *get it directly here), as well as maps of the centers of creative activity in each city. It’s worth taking the time to have a quick look at some of the reader comments, too.
Posted by Jenna Wargo in Data and Analysis, Economic Development, GIS Maps, Planning, Quality Connected Places | Permalink | Comments (0) | TrackBack (0)
Posted by Indraneel Kumar
Brookings Institution’s fellow Andrew Reamer makes a case for an efficient, accurate, and timely economic statistical system in USA. For lack of adequate funding, major economic statistical agencies are eliminating the data series, reducing the survey coverage, or cutting back on details and accuracy.
For example, the Bureau of Labor Statistics (BLS) no longer collects job information for 65 smaller metropolitan areas, which include metros in Indiana. The Bureau of Economic Analysis (BEA) will no longer publish the metro and county estimates of Gross Domestic Product (GDP) and earnings by detailed industries.
Anyone working in the field of economic development will agree how valuable the information on value added (Gross Regional Product) is by industries at a regional or county level. That is one way to know how much the industry is contributing to the regional and local economy. Given the current economic conditions, the benefits of accurate and up-to-date economic data to policy analysts and decision makers are manifold. The article provides few recommendations for the economic statistical system. Read more here.
Posted by Jenna Wargo in Data and Analysis, Economic Development | Permalink | Comments (0) | TrackBack (0)
Recent Congressional testimony by Jonathan Sallet argues for a new focus for the Economic Development Administration. He believes the new mantra should be around regional innovation clusters and the agency should be renamed to the Economic Renewal Administration. More information here.
Posted by Sam Cordes in Industry Clusters, Innovation | Permalink | Comments (0) | TrackBack (0)
In the "old days" what was important was one's resume and formal credentials. Valdis Krebbs who specializes in mapping social networks recently made the following observation: "Don't show me your degree, masthead, card, URL, etc. Show me thh network you are in embedded in." With that in mind, here are the top 10 social networks for entrepreneurs, according to Dan Schawbel
Posted by Sam Cordes in Entrepreneurship | Permalink | Comments (1) | TrackBack (0)
There is a great article (available here) on the Wall Street Journal site by Gary Hamel about the expectations Generation F(Facebook Generation) have/will have of potential employers. Thanks to Sam Cordes for sending it to my way.
Those of us who work within the civic space need to be thinking about how these post-bureaucratic online communties built by Generation F relate to the ways we do the work of community. Hamel gives 12 characteristics of online life that Gen F will use to evaluate whether an company is a place where they will want to work. They also relate to the civic communities in which they will, or will not, choose to engage.
1. All ideas compete on an equal footing.
On the Web, every idea has the chance to gain a following—or not, and no one has the power to kill off a subversive idea or squelch an embarrassing debate. Ideas gain traction based on their perceived merits, rather than on the political power of their sponsors.
2. Contribution counts for more than credentials.
When you post a video to YouTube, no one asks you if you went to film school. When you write a blog, no one cares whether you have a journalism degree. Position, title, and academic degrees—none of the usual status differentiators carry much weight online. On the Web, what counts is not your resume, but what you can contribute.
3. Hierarchies are natural, not prescribed.
In any Web forum there are some individuals who command more respect and attention than others—and have more influence as a consequence. Critically, though, these individuals haven’t been appointed by some superior authority. Instead, their clout reflects the freely given approbation of their peers. On the Web, authority trickles up, not down.
4. Leaders serve rather than preside.
On the Web, every leader is a servant leader; no one has the power to command or sanction. Credible arguments, demonstrated expertise and selfless behavior are the only levers for getting things done through other people. Forget this online, and your followers will soon abandon you.
5. Tasks are chosen, not assigned.
The Web is an opt-in economy. Whether contributing to a blog, working on an open source project, or sharing advice in a forum, people choose to work on the things that interest them. Everyone is an independent contractor, and everyone scratches their own itch.
6. Groups are self-defining and -organizing.
On the Web, you get to choose your compatriots. In any online community, you have the freedom to link up with some individuals and ignore the rest, to share deeply with some folks and not at all with others. Just as no one can assign you a boring task, no can force you to work with dim-witted colleagues.
7. Resources get attracted, not allocated.
In large organizations, resources get allocated top-down, in a politicized, Soviet-style budget wrangle. On the Web, human effort flows towards ideas and projects that are attractive (and fun), and away from those that aren’t. In this sense, the Web is a market economy where millions of individuals get to decide, moment by moment, how to spend the precious currency of their time and attention.
8. Power comes from sharing information, not hoarding it.
The Web is also a gift economy. To gain influence and status, you have to give away your expertise and content. And you must do it quickly; if you don’t, someone else will beat you to the punch—and garner the credit that might have been yours. Online, there are a lot of incentives to share, and few incentives to hoard.
9. Opinions compound and decisions are peer-reviewed.
On the Internet, truly smart ideas rapidly gain a following no matter how disruptive they may be. The Web is a near-perfect medium for aggregating the wisdom of the crowd—whether in formally organized opinion markets or in casual discussion groups. And once aggregated, the voice of the masses can be used as a battering ram to challenge the entrenched interests of institutions in the offline world.
10. Users can veto most policy decisions.
As many Internet moguls have learned to their sorrow, online users are opinionated and vociferous—and will quickly attack any decision or policy change that seems contrary to the community’s interests. The only way to keep users loyal is to give them a substantial say in key decisions. You may have built the community, but the users really own it.
11. Intrinsic rewards matter most.
The web is a testament to the power of intrinsic rewards. Think of all the articles contributed to Wikipedia, all the open source software created, all the advice freely given—add up the hours of volunteer time and it’s obvious that human beings will give generously of themselves when they’re given the chance to contribute to something they actually care about. Money’s great, but so is recognition and the joy of accomplishment.
12. Hackers are heroes.
Large organizations tend to make life uncomfortable for activists and rabble-rousers—however constructive they may be. In contrast, online communities frequently embrace those with strong anti-authoritarian views. On the Web, muckraking malcontents are frequently celebrated as champions of the Internet’s democratic values—particularly if they’ve managed to hack a piece of code that has been interfering with what others regard as their inalienable digital rights.
Posted by Scott Hutcheson in Governance | Permalink | Comments (0) | TrackBack (0)
On March 25, 2008 about 20 different Indiana communities participated in a session called "Community-Based Strategies for Economic Re-Engagement." The idea is that there are things communities can begin doing immediately to help address the needs of troubled businesses and unemployed people in their communities. The key is to look at re-employment and economic re-engagement in new ways and by forming civic networks that can link and leverage existing assets. That session can how be viewed online here. Note that there is about 60 minutes of dead air as locations were working on their local plans. Once you get to that spot, you can fast forward to about the 1:56:53 minute mark to pick up the last half hour where some of the locations share their strategies and Ed Morrison and and Scott Hutcheson share a few additional thoughts. The PowerPoint presentation is available here.
Posted by Scott Hutcheson | Permalink | Comments (0) | TrackBack (0)