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8/8/2019 Executing Your Plan
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Executing your Plan
8/8/2019 Executing Your Plan
http://slidepdf.com/reader/full/executing-your-plan 2/27
Module 5
Describing a CollaborativeRegional EconomicDevelopment Framework
Leading the Planning Effort
Detecting Regional Advantage
Formulating Strategies
Executing Your Plan
Module Objectives
*Starting implementation
*Leveraging Resources
*Monitoring & measuringimpacts
*Reporting & promotingOutcomes
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Objectives
I. Establish an Implementation Plan
II. Sustain initiatives by using available funding
opportunities
III.Measure economic development outcomes
IV.Report regional economic development
outcomes
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I.
Establish an
Implementation Plan
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Purpose of Implementation Guides
• Focus and Prioritize Actions
• Assign Responsibility
• Address Current and Future Resource Needs
• Offer a Regional Tool for Communication
• Measure your Progress
• Provides opportunity to celebrate success or
correct action
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Elements of Priority Strategy
Implementation Plans• Rationale for Action (Challenges)
• The Intended Outcomes (Goals)
• The Proposed Initiatives (Strategies)
• The Actions and Tasks (Tactics)
• Success Measures
-Outcome Metrics
-Implementation milestones
• Partners (Convener and Stakeholders)
• Funding Needs
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Implementation Plan
Assessment of Feasibility Assessment of Relevance
Identifying Potential Actions
Organizing the Tasks into a Logical Framework
Identify and Recruit
Convener
Identify and Recruit
Collaborators
Metrics & Milestones
Funding Options
Strategy
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Strategies for Engaging Regional
Implementation Champions and Partners
• Gain resolutions of support from local governments,
nonprofit organizations & other key stakeholders
• Negotiate leadership commitments for individual
strategy elements
• Create buzz….
•Develop a “roll-out” strategy
•Communicate with the press and leadership
•Conduct a regional economic summit
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II.
Accessing Available
Funding Opportunities to
Support and Sustain
Initiatives
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Funding Considerations
• Does your regional view or industry cluster analysis
open workforce development funding opportunities with
neighboring jurisdictions?
• Do your regional clusters involve sectors that other
government of private organizations are supporting?
• Can you integrate workforce development with public or
private construction projects in your region?
8/8/2019 Executing Your Plan
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Funding Considerations (cont.)
• Do your plans involve K-12, community college or
university education?
• What Congressional committees do your Senators of
Congress persons serve on?
• Are you familiar with DOL funding for youth and
dislocated workers?
• Can any of your programs be tied to soft skills andentrepreneurship that local or national foundations might
fund?
8/8/2019 Executing Your Plan
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Types of Funding
Nonprofit
Foundations
Local and Regional
Businesses
(sponsorship and
company giving)
Federal Grants
State Grants
Local GrantsPrivate
Foundations
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II.
Measuring Economic
Development Outcomes
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12 Steps to Regional Prosperity
12 Steps to Regional Prosperity 4 Major Planning Phases
Executing
Your
Plan
Design your implementation plan
Leverage your resources
Monitor your progressPromote your success
Assess your assets & challengesDescribe your future
Define your actions
Focus your energy
Leading the Planning Effort
Detecting Regional Advantage
Formulating Strategies
Call the region to action
Engage your leaders
Define your geography
Identify your economic advantage
8/8/2019 Executing Your Plan
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Inputs
• Time
• Funding• Staff • Volunteers• Facilities• Partners
Activities
Tactics andtasks toachieveparticularresults.
MeasuringOutcomes
Success measuresthat indicateprogress towardsthe vision.
Specific metrics orimplementationmilestones thatmeasure progresson your selectedstrategies.
•Leading
•Detecting
•Formulating
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Why Evaluate your Development
Initiatives?
• Provides an objective feedback mechanism
• Offers a measure of program effectiveness
• Helps identify success or failure of initiative
• Signals the need to adjust or realign course of
initiative
• Provides accountability
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Why Evaluate your Development
Initiatives (Cont.)?
• Permits a return on investment (ROI) assessment
• Motivates and sustains participation• Justifies funding requests
• Provides an opportunity to motivate and sustain
participation and buy-in
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Characteristics of Appropriate
Outcome Metrics• Specific
• Measurable
• Achievable
• Relevant
• Time-Based
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To seek:• Objective and reliable
collection by an
uninvolved government
agency
• Geographic detail to
match your region
• Available time-series
• Understandable
methodology• Data readily available
(web)
To avoid:• Considerable time-lags
• Something your activity
cannot realistically effect
• “Black box” methodology
• Geographic detail not
reflective of your region
• Costly to collect
• Irregular collection or
publication
Outcome Metrics Characteristics
8/8/2019 Executing Your Plan
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Some Outcome Metrics Commonly
Used to Measure Regional Prosperity
• Job Growth or Retention
• Unemployment Rate
• Average Wage
• Per Capita Income
• Income Growth by Ethnicity
• Median Household Income
• Poverty Rate
8/8/2019 Executing Your Plan
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• K-12 Test Scores
• SAT Scores
• Graduation Rates
• Educational Attainment
• Labor Force
OccupationalComposition
• Specialization by
Traded Cluster • Patents
• Commuting Time
• Tax Burden
• Cost of Doing Business
• Cost of Living
Some Outcome Metrics
Commonly Used to Measure
Regional Assets
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Other Methods
for Producing Outcome Metrics
• Implementation Milestones Reports
• Regional Surveys• Regional Leadership Interviews
• Benchmark Reports
.
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IV.
Reporting RegionalEconomic Development
Outcomes
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Getting your Message OutMeans and Methods of Reporting Outcome Metrics
Consider Effective Formats and Venues
Examples:
• Your website
• Digital or print newsletters
• Talks before civic and neighborhood groups
To be effective, like any marketing
campaign, you will need to use multiple
means of communication over a sustained
period of time.
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Getting your Message OutMeans and Methods of Reporting Outcome Metrics
Examples (cont):
• Presentations before public hearings or commissions
• Press releases
• Schedule interviews with local media
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Exercise
Working with the people at your table, use the
implementation worksheet, select one challenge in
your region and complete the remaining sections of
the worksheet in a draft format.
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Review, Questions, and
Discussions