Driving Washington’s Prosperity A Strategy for Job Creation and Competitiveness TACTC Legislative Contact Conference January 30, 2013 Olympia, Washington Presented to: Senate Trade & Economic Development Committee January 29, 2013 Olympia, Washington Presented by: Steve VanAusdle, Vice-Chair, WEDC Egils Milbergs, Executive Director, WEDC Washington Economic Development Commission (www.wedc.wa.gov)
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Driving Washington’s Prosperity A Strategy for Job Creation and Competitiveness
TACTC Legislative Contact Conference January 30, 2013
Olympia, Washington
Presented to:
Senate Trade & Economic Development Committee January 29, 2013
Olympia, Washington
Presented by:
Steve VanAusdle, Vice-Chair, WEDC Egils Milbergs, Executive Director, WEDC
Washington Economic Development Commission (www.wedc.wa.gov)
*Improving Productivity will require more innovative uses of existing resources.
Our mandate: Foster Innovation Economy
“Legislature finds that in order to achieve long-term global competitiveness, prosperity and economic opportunity for all the state’s citizens, Washington state must become the most attractive, creative and fertile investment environment for innovation in the world…”
An act relating to
WA Economic Development Commission ‒ Intent RCW 43.162.005
WA Economic Development Commission 3
Our Mandate: Foster Innovation Economy
“Provide leadership, direction and guidance for…”
– Shared economic development vision
– Long-term, strategic policy model
– Public-private partnership
– Collaboration across boundaries
– Data standards and evaluation of state economic development system
Tuning the productivity engine in response Innovation in five drivers for jobs and competitiveness
12 WA Economic Development Commission
Intellect
Investment
Infrastructure
Improvement (regulatory)
International
Driver One: Fueling the Future
Future—Making Talent a Top Priority Making talent a top priority
1. Create jobs for Washingtonians and industry needs by achieving 60% post-secondary degrees & credentials.
2. Increase pool of qualified workers by emphasis on STEM proficiencies and career and technical education at the HS level.
WA Economic Development Commission 14
Prof.
Technical
Unskilled
Prof.
Unskilled
Technical
Driver Two: Adding Horsepower
Future—Making Talent a Top Priority
Investing in entrepreneurship
1. Improve tax and regulatory policy to foster growth of start-ups and job creating business clusters
2. Invest in world class research talent, assist new enterprise formation and help connect the state's research base to industry, entrepreneurs and investors.
WA Economic Development Commission 15
Driver Three: Paving the Way
Future—Making Talent a Top Priority
Connecting through reliable infrastructure
1. Implement alternative financing mechanisms for transportation infrastructure for asset preservation, freight mobility and investment in economic corridors.
2. Require economic development and long term job creation criteria in the capital budgeting process.
Future—Making Talent a Top Priority Regulating Smarter
1. Systematically review on sector-by-sector basis all state regulations for their cost-effectiveness and determine overlaps, excessive costs, obsolescence, redundancy and solutions.
2. Expand agency use of lean process improvement to lower cost of regulatory compliance and reduce time delays.
WA Economic Development Commission 17
Manufacturing Testimony to Senate Christina Lomasney, Modumetal
Future—Making Talent a Top Priority Expanding international business
1. Intensify innovation and collaboration in the Pacific Northwest economic region and support cross-border projects for economic diversification, expanded trade and jobs.
2. Drive job creation through a coordinated system of trade services between the programs of Washington State and regional and federal programs.
Strategy Framework in Action 15 Innovation Partnership Zones
WA Economic Development Commission 22
Strategy Framework in Action Next50 – Innovation Contest
WA Economic Development Commission 23
WEDC co-hosted the Commerce & Innovation Economy Month • Create inspiration short video on Innovation for the next 50 years. • Judged on Content; creativity, quality, imagination, entertainment, quality
and popularity
Vision Foster a Healthy Economy
and a Healthy Environment
Mission
Collaborators
Initiatives
Values
K-12
University Center
WWCC
County
City
Port
Chambers of Commerce
Tourism Walla Walla Wine
Alliance Art
Alliance
Sustainable Living Center
Wallowa Resources
Utilities
Dept. of Ecology
Salmon Recovery
Board
Confederated Tribes
Water Center
Walla Walla Watershed Partnership
Enology & Viticulture
Center
Downtown Foundation
Career Pathways
Infrastructure
Business Development
Wine & Hospitality Cluster
Renewable Energy
Energy Efficiency
Water Efficiency
Water Quality
Watershed Restoration
Skills Center
Workforce Development
Rural Center for Entrepreneurship
Collaboration
Excellence
Integrity
Entrepreneurship
Partnerships
Sustainability
Innovation Diversity
Learning
Strategy Framework in Action: The Innovation Ecosystem (IPZ) in Walla Walla
Economic, Environmental, and Cultural Sustainability
As Goes Manufacturing, So Goes the Washington (and Nation)
Strong association between manufacturing GDP and real GDP of a state or nation.
Integrating new knowledge and producing more complex products and utilizing more advanced manufacturing processes leads to greater economic prosperity.
The linkage between the knowledge networks and drivers of advanced manufacturing is a very strong predictor of the variation in incomes across states and nations.