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Wisconsin Basic Economic Development Course The First Year: Building & Managing Your Economic Development Organization.

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Presentation on theme: "Wisconsin Basic Economic Development Course The First Year: Building & Managing Your Economic Development Organization."— Presentation transcript:

1 Wisconsin Basic Economic Development Course The First Year: Building & Managing Your Economic Development Organization

2 SLIDE 2 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Jobs. Income. Wealth. Hurry! Dec. 1, Welcome! The joys and challenges of a (mostly) blank slate The past informs the future - choose carefully

3 SLIDE 3 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Management by walking around The art of the possible. So long subtlety. Assets and strengths in a collapsing economy Hit the ground. Pick yourself up. Start walking.

4 SLIDE 4 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 As an entrepreneur & inventor…. Why an entrepreneurs background helped How innovation speaks to organizing EDC work Ready. Fire. Aim.

5 SLIDE 5 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Benefits of Board preparation Entity formation / bylaws largely in place Key players engaged Mentors, mentors, mentors (repeat)

6 SLIDE 6 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Expectations VS reality What I expected to be doing What I did What I wish I did more of

7 SLIDE 7 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Building the house while moving in Dont wait for the perfect moment Create identifiable projects Revel in the silent stuff

8 SLIDE 8 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Build the organization to hand off Transparency creates long term success All work in service to the goal Sustainable = repeatable

9 SLIDE 9 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Growth VS Development Projects are easy. Solutions are tough. Development = qualitative, sustainable improvement Would I want to live with it?

10 SLIDE 10 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 How our Board most helped US A demand for professionalism. Leaning into whats possible. Setting goals. Clearing pathways.

11 SLIDE 11 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 How our Board most helped ME First year Treasurer work ( ! ) Supporting / insisting on professional development. Celebrating failure.

12 SLIDE 12 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Getting Boards & Directors to dance Meet socially on hiring. Business session ASAP with Executive Committee. Create a big space for playing What - if?.

13 SLIDE 13 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Business (community) retention Listen. Listen harder. Repeat. Help organize new value from existing assets. Connect dots where none exist.

14 SLIDE 14 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 New EDCs & their communities Identify power actors and valuable ways to interact The power of I LOVE this stuff! Inclusiveness rules.

15 SLIDE 15 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Open records / Open meetings Get smart. Get transparent. World class digital and hard copy capture systems Behave like a duck.

16 SLIDE 16 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Caution! Wonkiness ahead…. CPA/chart of accounts. Tax responsibilities. Insurance: D&O, Business, Workers Comp. Org docs: bylaws, policies, discrimination, harassment, conflict of interest, work plan…. Work docs: Typical HR, all in print: pay periods, vacation, sick leave, mileage…. EDC work: land of the night meetings.

17 SLIDE 17 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Regional resilience Unlimited potential for collaboration. Unexpected possibilities for celebrating Wisconsin. Leverage, access, muscle. Use it or lose it.

18 SLIDE 18 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 < 1 year. Welcome to Iowa County! The continuous dance of docs and dreams. Wisconsin Food Innovation Kitchen. Driftless Foods. Multi-region / Multi-state partners.

19 SLIDE 19 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Recommendations for year 1 Dream big. Act smart. Create hope. Repeat.

20 SLIDE 20 Wisconsin Basic Economic Development Course Madison, WI Nov 9-12,2009 Contact information Rick Terrien Iowa County Area Economic Development


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