80+ foundations $30 million over three years Focus on transformational opportunities NEO The Fund’s Mission Encourage and advance regional economic transformation.

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Presentation transcript:

80+ foundations $30 million over three years Focus on transformational opportunities NEO The Fund’s Mission Encourage and advance regional economic transformation

STRATEGIES Targeted Grantmaking

GRANT MAKING BioEnterprise JumpStart Foster entrepreneurship and business formation Team NEO MAGNET Support employers so they will locate, grow, and remain in NEO Nortech Technology Leaders Group Promote new industry clusters through technology innovation Transition economy from low- growth sectors to newer ones with greater employment and societal wealth creation.

STRATEGIES Measure Economic Progress (Dashboard, Barometer) Targeted Grantmaking

Skilled Workforce Working Age Population Urban/metro Structure Legacy of Place Racial Inclusion Location Amenities Business Dynamics Income Equality Regional Gross Product Employment Growth Per Capita Income Growth NEO DASHBOARD Productivity

STRATEGIES Measure Economic Progress (Dashboard, Barometer) Targeted Grantmaking Engage the Public (Voices & Choices)

May - Oct. 2005Oct. - May 2006 June - Oct WHAT WE HAVE DONE SO FAR Citizen Interviews Northeast Ohio Regional Town Meeting Community Conversations Online Prioritizing Televised Programming Northeast Ohio Regional Town Meeting Economic Analysis (Dashboard) Leadership Team Summit Leadership Engagement Implementation Leadership Workshops PHASE I ID Strengths and Challenges PHASE II Define Vision and Challenges; Prioritize Challenges PHASE III Create and Prioritize Solutions PHASE IV Implemen- tation

May - Oct. 2005Oct. - May 2006 June - Oct PHASE I ID Strengths and Challenges PHASE II Define Vision and Challenges; Prioritize Challenges PHASE III Create and Prioritize Solutions PHASE IV Implemen- tation WHAT’S NEXT? Citizen Interviews Northeast Ohio Regional Town Meeting Community Conversations Online Prioritizing Televised Programming Northeast Ohio Regional Town Meeting Economic Analysis (Dashboard) Leadership Team Summit Leadership Engagement Implementation Leadership Workshops

DEVELOPING A REGIONAL AGENDA Grow new industries and strengthen existing economic base Ensure work force preparation and educational excellence Foster economic and racial inclusion Encourage government collaboration and efficiency Emerging Themes: