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Independent Economic Development Task Force Meeting #15 December 4, 2013 K. Gleasman.

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Presentation on theme: "Independent Economic Development Task Force Meeting #15 December 4, 2013 K. Gleasman."— Presentation transcript:

1 Independent Economic Development Task Force Meeting #15 December 4, 2013 K. Gleasman

2 Agenda Review and approve meeting notes from Mtg #14 Discussion with J. Goldsmith, starting with prepared questions Full day 12/6 meeting Other topics from task force Public Comment –Summarized Input Adjourn 12/4/20132

3 Review and approve meeting notes from Mtg #14 12/4/20133 Transylvania County Independent Economic Development Task Force 11/20/2013 Meeting #14 Members Present:  Bradford  Gleasman  Harris  Higgins  Neumann  Watkins  Whitmire Members Absent:  Bradford  Gleasman  Harris  Higgins  Neumann  Watkins  Whitmire Others Present:Various members of public Recording Secretary:Karen Gleasman ITEM DISCUSSION BEYOND SLIDE DECK ACTION Review and approve Mtg Notes 13Approved Evaluate J. Goldsmith EDO ConstructMaintain TDA HOB continues as Main St Program Planning comes out of this org, maintained separately Functions do not seem to line up with mission No mention of workforce development Move to functions: identify needed assets, advocate for needed assets Finalize prep for J. Goldsmith visit 12/4Took original list of questions and modified Karen to get questions to Jeannette Meeting notes have modified list of questions Review conclusions from Q1-22Need to add final input Billy to collect final input Finalize approach for full day 12/6 mtg All come prepared to discuss proposed EDO's Including Mission/Vision statements Method to evaluate will be determined 12/6 Other topics from task force members Public comment through emailNo input received Email account open: TCIEDTF@gmail.com Adjourn

4 Discussion with J. Goldsmith – starting with prepared questions Why no mention of land use planning in county? How did you conclude: Significant economic development overlap amongst organizations $750K was the right budget No product available Why little mention of tremendous volunteerism? What are good measures for economic development success? How sensitive is Transylvania County competitiveness to tax rate? How do we push quality of place higher on selection criteria for incoming companies? What else can we do to reduce risk – i.e. keep companies in funnel longer? How do you connect org structure to deficits of TC Economic Development? Prioritize site selection criteria for us. How does 70% econ growth coming existing business jive with recommended org structure? 12/4/20134

5 Full day 12/6 meeting – proposed agenda Review output of Economic Opportunity Network study Add final input from existing TC organizations Come prepared with Economic Development Organization structure alternatives – with initial takes on: Mission/vision Funding/Budget Governance Staffing We’ll discuss 12/6 how best to evaluate Next slide has the decision criteria we’ve worked on You’ve been provided with full size copies of summary of input 12/4/20135

6 Decision criteria for EDO decision 1.Economic development is a process by which a community creates, retains, and reinvests wealth, and improves the quality of life 2.Covers all eight elements of solid approach to economic development a.Recruitment – soliciting companies to come or start here, includes marketing b.Existing Industry Effort c.Small Business Development d.Entrepreneurial Development e.Workforce Development – EDO consolidates needs and facilitates solutions f.Economic Culture Creation g.New business “ambassador” to smooth way with permitting, regulations h.Vision/Leadership/Accountability – includes metrics related to mission and funding 3.Anticipated good return on financial investment 4.Great utilization of human capital including terrific volunteer base 5.User friendly – east to access, explain, and understand 6.Active engagement of the whole of the county 7.Clear communication and cooperation amongst parts 12/4/20136

7 Other topics from task force members 12/4/20137

8 Public Comment – summarized input Please send public comment to: o email address: TCIEDTF@gmail.com orTCIEDTF@gmail.com Or provide in writing prior to or after each meeting. New email will be accessible to all task force members Karen Gleasman will ensure written comments are passed on to all task force members  No input received last week 12/4/20138

9 Adjourn 12/4/20139

10 Roadmap to complete 3 tasks Have brainstormed list of 27 targeted industries Reviewed and modified: TC Assets TC Challenges Targeted companies profile Approach to econ development Branding Marketing 12/4/201310 9/11/20 13 12/06/2013

11 Mission statements 12/4/201311

12 Targeted completion date – after upgrade Oct 23, 2013: propose process to analyze agency data Oct 30, 2013: finalize process to analyze agency data (retreats?) October 31, 2013: most all agency input received November (with holidays): analyze data December: propose/evaluate organization construct alternatives End of January: Interim report to community – Brand, mission, vision, brainstormed list of targeted businesses, and EDO construct(s) Feb 12 – finalize org construct, brand, mission, vision March – Select targeted businesses, develop initial marketing plan March – Final report prepared/presented to community and commissioners 12/4/201312

13 Definition of Economic Development “Economic development is a process by which a community creates, retains, and reinvests wealth, and improves the quality of life.” David Dodson, MDC Inc, Chapel Hill, NC 12/4/201313

14 Targeted industry brainstormed list 10/9/2013 Goldsmith Industries Industries Target Company Profile NutraceuticalsAerospace industry partsCut & SewMedical care recovery Rev range: $50K - $50M Outdoor Recreation EquipmentComposites3D Printing Number of employees: 1-150 Food and Beverage Consider methods of mfg: e.g. precision maching, web based Environmental industries, e.g. recycled matls -> t-shirts Retention/expansion of current businesses Automotive PartsBrevard CollegeBRCC Quality of place is big draw Sports, Health, and WellnessBambooCamps Potential for above average pay Solo WorkerDestination spaMedical equipment TourismDestination health clubLabs e.g. biomedical Research lab: e.g. farm/agriBuild musical instruments Food processing, e.g. applesMore movies here Artisanal agriculture, e.g. mustards, Do More barsMusic recording studios Expansion of TVSEvents Parts/supplies for existing comp., e.g. cans for OSKAR BLUESContinuing care More like Everett Farms, Busy Bee NOT in conflict with quality of place 12/4/201314


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