Independent Economic Development Task Force Meeting #7 October 2, 2013 K. Gleasman.

Independent Economic Development Task

ForceMeeting #7

October 2, 2013

K. Gleasman

Agenda• Review and approve meeting notes from Mtg #6

• Transylvania County Economic Statistics, Mark Burrows

• Status agency discussions (progress from 9/18/13) – All*

• Summary Slides – Karen*o Definition of Economic Developmento Decision criteriao Potential targeted industries

• Calendar*o Compare with Henderson County – D. Bradfordo Product Development Task Force – K. Gleasman

• Other topics from task force*

• Public Comment

• Adjourn

10/2/2013 2

* These topics were deferred until 10/9/13

Review and approve meeting notes from Mtg #6

10/2/2013 3

Transylvania County

Independent Economic Development Task Force

9/18/2013 Meeting #6

Members Present: Bradford Gleasman Harris Higgins Neumann Watkins Whitmire

Members Absent: Bradford Gleasman Harris Higgins Neumann Watkins Whitmire

Others Present: Various members of public

Recording Secretary: Karen Gleasman

ITEM DISCUSSION BEYOND SLIDE DECK ACTION

Review and approve Mtg Notes 5 Approved Karen to correct T Times rep

Status for agency discussions Decided each agency answers questions individually All will continue with connections

C of C board to get intro pres 9/19 - RH Suggest follow-up contact to confirm:

EDAB - met 9/12 8AM; delivered questions - DB Ask for range of answers

TDA - questions emailed, will meet 9/26 - JW Verify completion date

City of Brevard - will be contacted 9/23- BH Target is end of October

Sooner is better

Is anything else needed?

Reinforce public comment ok

Lots of work to be done when responses come in

Iterate Defn of Econ Development Positives: process, community (specific to place), quality of life, and

reinvesting within the community (e.g. inport substitution & networked

supply chain

Challenge - economic definition of wealth creation, retention, and Is there a more straightforward way to discuss

reinvestment wealth in this definition?

Iterate decision criteria for EDO decision In an effort to simplify and specify:

*Start with defn of econ development

*Combine 7 elements into one criterion, the set is req'd

*Recruitment defd soliciting companies to come here includes marketing

*Workforce Dev - combines needs, facilitates solutions

*Culture creation - econ dev culture, e.g. elim negative communication

loop, send entreprenuers "you're powerful" message, enabling network

*V/L/A= vision comes from this organization with metrics that relate to

funding and mission

*drop "able to attract" given adopted def of econ development

*drop responsive to community by definition

*user friendly includes easy to use and easy to understand, obvious

*drop facilitates not creates by definition

*substitute active engagement of whole county

Calendar new activities October 2 - Mark Burrows summary of county data

Other Topics Remember we can bring J. Goldsmith back, after data analysis perhaps

Benchmarking successful NC counties as non-quorum groups

Rails to Trails discussion does not currently fit in with our tasks

Public Comment Consider payroll $ as targeted industry measure

Does decision criteria include 0 (in addition to + or -)? Yes

Accountability is key for new organization construct

Suggest adding corporate character to criteria for targeted company

profile

Adjourn No meeting next week

Transylvania County Economic Statistics

Mark R. Burrows, Director

Transylvania County Planning and Economic Development

10/2/2013 4

Status for agency discussionsOn average in less than 5 minutes per; focus on progress since 9/18/13….oRe-Connection made?oAny issues?oOther progress relative to these discussions

10/2/2013 5

Definition of Economic Development

“Economic development is a process by which a community creates, retains, and reinvests wealth, and improves the quality of life.”

David Dodson, MDC Inc, Chapel Hill, NC

10/2/2013 6

Decision criteria for EDO decision1. Economic development is a process by which a community creates, retains, and reinvests wealth, and

improves the quality of life

2. Covers all seven elements of solid approach to economic developmenta. Recruitment – soliciting companies to come or start here, includes marketingb. Existing Industry Effortc. Small Business Developmentd. Entrepreneurial Developmente. Workforce Development – EDO consolidates needs and facilitates solutionsf. Economic Culture Creationg. Vision/Leadership/Accountability – includes metrics related to mission and funding

3. Anticipated good return on financial investment

4. Great utilization of human capital including terrific volunteer base

5. User friendly – east to access, explain, and understand

6. Active engagement of the whole of the county

7. Clear communication and cooperation amongst parts

10/2/2013 7

Targeted industry brainstormed list 10/2/2013

Goldsmith Industries

Industries Industries Target Company Profile

Nutraceuticals Aerospace industry parts Cut & Sew Rev range: $50K - $50M

Outdoor Recreation Equipment Composites 3D PrintingNumber of employees: 1-150

Food and BeverageConsider methods of mfg: e.g. precision maching, web based

Environmental industries, e.g. recycled matls -> t-shirts

Retention/expansion of current businesses

Automotive Parts Brevard College BRCC Quality of place is big draw

Sports, Health, and Wellness Bamboo Camps

Solo Worker Destination spa Medical equipment

Tourism Destination health club Labs e.g. biomedical

Research lab: e.g. farm/agri Build musical instruments

Food processing, e.g. apples More movies hereArtisanal agriculture, e.g. mustards, Do More bars Music recording studios

Expansion of TVS EventsParts/supplies for existing comp., e.g. cans for OSKAR BLUES

More like Everett Farms, Busy Bee10/2/2013 8

Summary of discussion with EON Chair• EON: Economic Opportunity Network

(Formerly Senior Resource Network)

• Chaired by Joe Wilbanks• Offered to do research on behalf of this task force, e.g.•Benchmark economically, most successful counties in NC and correlate with economic development organization structure

• Could either be done by experienced volunteers or through Brevard College students• Promised to be unbiased source of information

10/2/2013 9

Calendar other topics

• Compare with Henderson County – D. Bradford• Product Development Task Force – K. Gleasman

10/2/2013 10

Other topics from task force members

10/2/2013 11

Public Comment – new process

• Our meetings are full (i.e. long)• We do not want to limit public comment• Will ask that public comment be:

o sent to this email address: [email protected] oro provided in writing prior to or after each meeting.

• New email will be accessible to all task force members• Karen Gleasman will ensure written comments are passed on to all

task force members

10/2/2013 12

Adjourn

10/2/2013 13

Roadmap to complete 3 tasks

TASK #1 TASK #3Recommend TC EDO ID Target IndustriesOrg Structure Prelim Marketing Plan

Debate Pros/ConsAlternatives

Develop AlternativeStructures

Study J. Goldsmith Analyze Agency TASK #2EDO Construct Data Develop Mission/Vision

Brand for TC EDOModify J. Goldsmith Develop decisionEDO Approach criteria

Modify TC Assets Review AgencyChallenges Data

Review J. Goldsmith Collect Agency Prep for AgencyReport Data Data Collection

Have brainstormed list of 24 targeted industries

Reviewed and modified:TC AssetsTC ChallengesTargeted companies profileApproach to econ developmentBrandingMarketing

10/2/2013 14

9/11/2013

underway