Economic Development Newsroom


KY and IN Leaders Discuss Regionalism

Thursday November 6, 2008

Leaders from Kentucky and Southern Indiana will come together this Friday to discuss regionalism and its importance in the global economic environment at a regional summit titled Beyond Boundaries – Building our 21st Century Community. Wired65 has partnered with the Bingham Fellows to bring together regional leaders from a 26-county area. The summit will be held at the Galt House East in Louisville on November 7 from 8:15 a.m. – 3:30 p.m.

The morning session will focus on the strengths and weaknesses of economic and human capital that are unique to the Wired65 region. Best practices from other regional experiences will be shared and an afternoon regional town hall meeting will be held to help leaders build common ground among diverse, rural and urban segments. Bill Goodman, KET, will moderate the regional town hall meeting that will include a panel of leaders from business, education, government and community organizations.

Tom Stellman, president of TIP Strategies Inc., will present results of in-depth analysis that included interviews with community leaders in all 26 counties and an online survey of more than 2,000 current and former residents. Stellman will emphasize the importance of talent, innovation and place as the key elements of success for regions. Some of TIP’s key findings that will be discussed include:

· A regional approach to address challenges and opportunities is stronger than operating as individual cities or counties. Leveraging resources and building relationships beyond boundaries can support a strong regional economy.

· Talent development, retention and attraction should be the focus of regional efforts. Data indicate that employers will continue to face labor shortages. For the Wired65 region, this gap is even more pronounced. The Ft. Knox Base Realignment will add to this gap, as over a few years, the workforce there will transform from largely blue-collar to a white-collar workforce.

· Invest in priority sectors. In addition to health care and logistics, the region should focus on industry sectors that, with support, can help form a strong economy. Consultants will recommend focus areas.

· Prepare for 21st Century jobs by connecting industry with education.

· Create a talent magnet and focus on “quality of place.”

The goal of the summit is to lay the groundwork for a regional competitiveness strategy that will provide the blueprint for communities in the Wired65 area to remain competitive and sustainable over the next 10 to 20 years and beyond, and to build relationships that will support regional action.

“We’re expecting more than 400 leaders who live in communities connected by industry sectors and a labor force that supports the regional economy,” said Kim Maffet, Chair of KentuckianaWorks, the workforce investment board that serves Jefferson, Bullitt, Shelby, Spencer, Trimble, Oldham and Henry counties. “We have a tremendous opportunity at this summit to evaluate our current assets, collaborate and share ideas, and encourage positive change that crosses county lines.”

Rebecca Ryan of Next Generation Consulting will be the keynote speaker during lunch. Her expertise is helping communities attract and keep young professionals – the “next generation” of talent. According to Ryan, talent is the most important economic development tool in the 21st century global economy.

NGC has conducted interviews, focus groups and surveys with more than 25,000 young professionals since 1998. Cities, states, arts organizations, and companies use NGC’s research and applications to attract and develop the next generation of citizens, patrons, employees and customers. Ryan summarized her firm’s research in her 2007 book, Live First, Work Second: Getting Inside the Minds of the Next Generation which includes a forward by Dr. Richard Florida, author of the best-seller, The Rise of the Creative Class and The Flight of the Creative Class.

“Developing and retaining a talented workforce with the right skill sets will be increasingly important as we work to become more competitive as a region,” added Kim Huston, Chair of the Lincoln Trail Workforce Investment Board, which serves Hardin, Larue, Washington, Nelson, Grayson, Breckinridge, Marion and Meade counties. “We are learning a great deal about what we should emphasize to ensure our region is attractive in this 21st Century economy.” Maffet and Huston serve as co-chairs of Wired65.

For more information, a complete agenda and to register, please visit www.beyond-boundaries.org.

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About Wired65

Wired65 is funded by a third generation $5 million WIRED grant awarded to Kentucky by the U.S. Department of Labor in 2007. WIRED is a federal effort focusing on Workforce Innovation in Regional Economic Development.

The goal of Wired65 is to make the region more competitive in the global marketplace by supporting innovation, entrepreneurship and talent to drive regional prosperity. Wired65 hopes to combine strengths in an unprecedented way to build a workforce pipeline to support current employment needs, and to ensure that future workforce requirements are met. The following counties were included in the regional assessment that will lay the foundation for Wired65 efforts:.

Kentucky

Adair, Breckinridge, Bullitt, Carroll, Grayson, Green, Hardin, Henry, Jefferson, Larue, Marion, Meade, Nelson, Oldham, Shelby, Spencer, Taylor, Trimble and Washington.

Indiana

Clark, Crawford, Floyd, Harrison, Jefferson, Scott and Washington.

About Bingham Fellows

The Bingham Fellows is the Leadership Louisville Center’s community action program and for nearly 20 years has provided creative leadership to some of the area’s most pressing issues. The 2008 class has focused on the importance of building regional relationships, cooperation and leadership to successfully address issues common to our shared community.


About TIP Strategies, Inc.

TIP Strategies Inc. is an Austin-based economic development consulting firm committed to providing quality solutions for public and private sector clients. Established in 1995, the firm’s primary focus is strategic economic development planning. In addition, TIP has experience with entrepreneurship, target industry analysis, workforce and redevelopment. Their methods establish a clear vision for economic growth. Community leaders across the country have embraced the TIP model of Talent, Innovation and Place to achieve successful and sustainable economies. For more information, visit www.tipstrategies.com.

About Rebecca Ryan and Next Generation Consulting

Rebecca Ryan is an energetic entrepreneur and the founder of Next Generation Consulting—a market research firm committed to engaging the next generation. Ryan summarized her firm’s research in her 2007 book, Live First, Work Second: Getting Inside the Minds of the Next Generation. Dr. Richard Florida, author of the best seller The Rise of the Creative Class and The Flight of the Creative Class, wrote the forward to Ms. Ryan’s book. He writes, “I am a HUGE Rebecca Ryan fan,” and considers “NGC one of the most reliable sources for CEO’s, mayors, legislators, economic developers and non-profit leaders who want to attract and retain the next generation of creative workers.” Rebecca was named the 2004 Entrepreneur of the Year by the U.S. Association for Small Business and Entrepreneurship and the 2006 Communicator of the Year by Women in Communication. For more information, visit www.nextgenerationconsulting.com.