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Bridge to a New Economy Old economy Low Average salaries Start-ups capital intensive Plants close or move Based on a pyramid style organizational structure.

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Presentation on theme: "Bridge to a New Economy Old economy Low Average salaries Start-ups capital intensive Plants close or move Based on a pyramid style organizational structure."— Presentation transcript:

1 Bridge to a New Economy Old economy Low Average salaries Start-ups capital intensive Plants close or move Based on a pyramid style organizational structure New economy High Tech Average salaries $58,000 More jobs than workers Start-ups are based on human capital Based on knowledge Business conducted fast and based on a network model

2 High Tech Telecommuting Development of a technology telecommuting industry in the Chequamegon Bay Area

3 Building the Bridge to a New Economy High Tech Telecommuting Provide a link between high tech professionals and their customers High Tech By marketing their services and assisting them in acquiring contracts

4 High Tech Telecommuting We will: Attract ten high tech professionals per year Help them find contracts Assist their business operation Assure access to high speed Internet connections High Tech Telecommuting recruiting, marketing and assistance High Tech Identify and attract professionals to area Provide relocation assistance Obtain contracts for services Set up training and network opportunities Provide business services such as assisting in obtaining billings, collections, legal and financial and accounting services Contract for an annual benchmark study of area Internet service Available to both recruits And local professionals

5 High Tech Telecommuting Results for the area Establish a track record of success High Tech Exhibit successful entrepreneurial activities to area youth Provide a pool of skilled high tech professional s available to local businesses Seed the area with potential future tenants of the Ashland Area Enterprise Center

6 High Tech Telecommuting What will it cost? Estimated costs for: Two staff positions Travel costs Training and networking activities Office space and overhead Marketing Relocation assistance Annual benchmark study Total annual cost: $ 450,000.00 Recommend applying for a $ 1.8 million grant to run for four years. After that it will operate off fees for services.

7 High Tech Telecommuting Casper-Martinsen Inc. Kristen Carey Case Studies: Larry Whalen Mary Methven

8 Develop the skills and attitude for a knowledge based economy by investing in children at an early age High Tech

9 Provide students, schools and faculty with access to technology Assist schools in utilizing technology in teaching and learning Create an entrepreneurial attitude among students Promote parental involvement in the learning experience High Tech

10 How?: a demonstration project Provide a laptop computer to every child entering middle school Provide Internet access at home for each child entering middle school Wire two classrooms per district each year for high-speed networking Pay for two full-time positions to assist schools with curriculum development and technology integration Establish a summer technology camp Establish a summer entrepreneurial camp. The program repeats every year

11 High Tech Results for the area: Youth learn that technology skills are vital to their future Youth learn to think in entrepreneurial ways Builds a local pool of talent to fill jobs that require technology literacy Fosters the attitude among students that they can build a career in the Bay Area

12 Cost: Computers Internet access Staff positions Operating costs Classroom upgrades Training materials Total annual cost of $ 1.7 to $ 2.2 million Four year demonstration project

13 The Chequamegon Group A locally owned public company that will acquire appropriate, early stage companies, bring them to the area, help them develop and grow.

14 The Chequamegon Group Create a stock corporation: Chequamegon Group Fund the corporation with equity investments Acquire one company each year Relocate them to the Bay Area Help them develop and grow By: Conduct research on appropriate companies Appropriate means: Early stage 2-3 employees Potential to reach 30 employees in 5 years Purchase a significant interest in each Move them to the area Provide a facility or access to one Mentor the companies for success Mentoring would be done by putting them in contact with professional help such as marketing, management advice, strategic planning, competition research, accounting, legal and patent and copyright services, and graphic design and technical services

15 The Chequamegon Group Results for the area: Job creation Company stability Local ownership Wealth goes to shareholders and employees Track history of success to attract other companies Cost: Organizational and set-up costs of $ 200,000 Investment And Purchase of stock: $ 5,000,000 High Tech

16 Bay Area Epicenter A highly visible focal point for technology initiatives A first rate, impressive structure The headquarters of the Chequamegon Group and the other initiatives in this proposal Space for businesses recruited by the Chequamegon Group A visual reminder that the Bay Area will succeed in the new economy A demonstration to potential recruits and youth that the Bay Area is committed $ 3,400,000

17 High Tech High Tech Telecommuting Skills for the Knowledge Economy Chequamegon Group Bay Area Epicenter The bridge to the knowledge economy Chequamegon Bay Technology Group, a project of the Alliance for Sustainability


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