BUILDING A GLOBALLY COMPETITIVE REGION

Transcription

1 BUILDING A GLOBALLY COMPETITIVE REGION

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3 CREATING A GLOBALLY COMPETITIVE REGION ENGAGING PRIVATE, PUBLIC AND INSTITUTIONAL LEADERS IDENTIFYING REGIONAL ASSETS AND KEY SECTORS UNDERSTANDING REGIONAL STRENGTHS AND NEEDED IMPROVEMENTS CREATING REGIONAL AWARENESS SUPPORTING BUSINESS BY IDENTIFYING PARTNERS AND RESOURCES ENSURE AVAILABILITY OF TALENT ASSURING SHARED PROSPERITY

4 Mille Lacs THE GREATER MSP REGION Sherburne Wright Isanti Anoka Chisago Washington 16-COUNTY MSA $228 BILLION IN GMP Hennepin St. Croix Sibley Carver Le Sueur Scott Dakota Pierce Ramsey 48 th LARGEST GLOBAL ECONOMY MORE THAN 3.4 MILLION PEOPLE

5 GREATER MSP HISTORY, VISION AND MISSION VISION The Greater MSP Region is recognized as a globally leading economy where business and people prosper. MISSION Accelerate job growth and capital investment in the Greater MSP region. JOB RETENTION, EXPANSION, & ATTRACTION REGIONAL ECONOMIC DEVELOPMENT STRATEGY MARKETING, BRANDING, & PROMOTION

6 GREATER MSP BOARD OF DIRECTORS CHAIR Richard Davis US Bancorp IMMEDIATE PAST CHAIR Tim Welsh, McKinsey & Co. VICE CHAIR Ken Powell General Mills VICE CHAIR Scott Anderson Patterson Companies TREASURER Ginny Hubbard Morris Hubbard Radio SECRETARY Kate Wolford McKnight Foundation CEO Michael Langley GREATER MSP Kedrick Adkins Mayo Clinic Tim Baer Target Doug Baker Ecolab Andy Bessette Travelers Cos. Mary Brainerd HealthPartners Commissioner Jan Callison Hennepin County Carl Casale CHS Mayor Chris Coleman City of Saint Paul Albert J. Colianni Marquette Cos. Gary Cunningham Meda Adam Duininck Met Council Ben Fowke Xcel Energy Jeff Freyer Comcast Commissioner Kathleen Gaylord Dakota County Todd Hall Cargill, Inc. Gary Hendrickson Valspar Mayor Betsy Hodges City of Minneapolis Eric Kaler University of MN Mayor Elizabeth Kautz City of Burnsville Rick King Thomson Reuters Jay Lund Andersen Corporation Tim McGough McGough Construction Commissioner Fran Miron Washington County David Mortenson Mortenson Russ Nelson NTH, Inc. Ravi Norman Thor Construction Laura Oberst Wells Fargo Chris Policinski Land O Lakes Commissioner Victoria Reinhardt Ramsey County Steven Rosenstone MnSCU David Saggau Great River Energy Todd Senger BMO Harris Marianne Short United Health Group Commissioner Rhonda Sivarajah Anoka County John Stauch Pentair Carol Surface Medtronic John Taft RBC Wealth Mgmt. Commissioner Jon Ulrich Scott County PROSPER: MOMENTUM IS BUILDING (January 28, 2016)

7 GREATER MSP GOVERNANCE Investors Board of Directors Executive Committee Staff Partner Advisory Council Economic development practitioners

8 METROS ARE THE MARKET Top 100 Markets % Share US Total 66% 65% 74% 74% 78% 94% 12% Source: US Census, Brookings Area Pop Exports FDI Jobs College Patents Degrees VC

9 WHY REGIONS ARE IMPORTANT? Defined by economic relationships not political boundaries Infrastructure involve multiple jurisdictions Clearer communication Maximize resource efficiency Access to larger workforce Knowledge-based economy allows new regional partnerships

10 BRAND & IMAGE EDUCATION & WORKFORCE INNOVATION & ENTREPRENEURSHIP INFRASTRUCTURE EQUITY ECONOMIC DEVELOPMENT EXCELLENCE COMPETITIVE ADVANTAGE OF COLLABORATIVE COMMUNITY LEADERSHIP

11 REGIONAL CYCLE OF SUCCESS REGIONAL ASSETS PHILANTHROPY AND REINVESTMENT JOBS AND WEALTH CREATION COLLABORATIVE REGIONAL LEADERSHIP MARKETING AND PROMOTION RESEARCH AND STRATEGY ADVOCACY CULTURAL EXCHANGE AND TOURISM TRADE CAPITAL INVESTMENT

12 REGIONAL PRODUCT IMPROVEMENT CYCLE MARKETING AND PROMOTION COLLABORATIVE REGIONAL LEADERSHIP PUBLIC SECTOR PRIVATE SECTOR INSTITUTIONAL ADVOCACY STRATEGY AND RESEARCH (PRIORITY SETTING)

13 REGIONAL SECTORS OF STRENGTH FINANCIAL SERVICES FINANCIAL ADVISORY BANKING INSURANCE ADVANCED MANUFACTURING & TECHNOLOGY R&D CENTERS SOFTWARE/ IT ADVANCED MANUFACTURING ENERGY/RENEWABLES HEALTH & LIFE SCIENCES BIO TECH HEALTHCARE PROVIDERS HEALTHCARE PAYERS AND IT MEDICAL DEVICES HEADQUARTERS & BUSINESS SERVICES CORPORATE HEADQUARTERS CREATIVE SERVICES PROFESSIONAL SERVICES DATA CENTERS FOOD & WATER SOLUTIONS FOOD PROCESSORS FOOD PRODUCTION AGRIBUSINESS NUTRITION WATER FILTRATION WATER PURIFICATION

14 THE DASHBOARD Greatermsp.org/publications

15 THE DASHBOARD

16 OVERALL RANKING INFRASTRUCTURE #1 LIVABILITY 3.8 #1 ENVIRONMENT 3.7 #1 TALENT 5.3 #5 BUSINESS VITALITY 6.2 #7 ECONOMY 6.7 #8 EDUCATION NA #3 *

17 MORE DISTANT CLOSE RIVALS TOP PEERS PEER RANKING REGION AVERAGE RANK San Francisco, CA 4.29 Seattle, WA 4.47 Boston, MA 4.84 Minneapolis-St Paul, MN 4.87 Portland, OR Atlanta, GA Chicago, IL Dallas, TX Denver, Co Austin, TX Pittsburgh, PA Phoenix, AZ

18 REGIONAL COMPETITIVENESS WORKING GROUP

19 OUR REGION S BRAND BUSINESS AND PEOPLE PROSPER HERE

20 SUPERIOR WORKFORCE VIBRANT BUSINESS COMMUNITY MARKET CONNECTIVITY QUALITY OF LIFE OUR REGION S BRAND BUSINESS AND PEOPLE PROSPER HERE Highly educated Int l ranked degree programs High workforce participations Multiple training options On the job training Strong work ethic 17 Fortune 500 Companies 16 Forbes Largest Private Companies Diverse Economic Base 5 Industry Sectors Top Ranked Research University Leader in patents MSP Int l airport/easy flights Support airports Mississippi River/ Lake Superior 23 Rail companies/ 6 lines 150 freight companies Central Time Zone Affordable Housing Quality Education Arts, Sports, Parks Short Commutes Great Healthcare Livable Communities

21 OUR REGION S STORY The Greater Minneapolis Saint Paul region will lead the world in solving its most important challenges for the future. Safe and abundant food, clean water, and health solutions will drive the global economy in coming years. The Greater MSP region is the leader in these technologies and industries, and has the R & D, financial and business services infrastructure to support them. Our highly educated and culturally connected workforce will create that business success. Our quality of life and social collaboration will sustain that success. Businesses prosper here. People prosper here.

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23 INVESTING IN COMMUNITIES MANUFACTURING PARTNERSHIP Accelerating the resurgence of manufacturing in communities nationwide A strategy to strengthen the ecosystem for entrepreneurship, globally brand and market Minnesota s medical and life sciences cluster. Provides access to grants around: Workforce and Training Infrastructure and Site Development Trade and Investment Research & Innovation Operational Improvements and Access to Capital

24 BILATERAL TRADE AND INVESTMENT INITIATIVE 1. Med Tech 2. Invest in BRE 3. HQ MSP 4. Canada: Embrace our Northern neighbor 5. Strategic Global Engagement 6. Celebrate FOE s

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26 Workforce is our #1 competitive advantage today. What about tomorrow? Labor force growth Economic growth Racial achievement gaps External competition

27 ATTRACT & RETAIN THE WORLD S BEST WORKFORCE EMPLOYERS PROSPECTIVE EMPLOYEES NEW RESIDENTS COMMUNITY GROUPS Find professional talent Find job opportunities Connect to community Attracting participants Keep professional talent Shop communities Get partners connected Scaling to impact

28 THE PARTNERS Corporate & Community Not Inclusive

29 VALUE PROPOSITION MSP is one of the few places in the country where you can find a range of career opportunities for you and your partner and enjoy a high quality of life that you can afford.

30 MAKE IT. MSP. TALENT INITIATIVE IMPROVE SOCIAL INCLUSION SUPPORT INNOVATIVE TALENT CONNECT TALENT TO OUR COMMUNITY CONNECT TALENT & EMPLOYERS CLOSE NEAR-TERM TALENT GAPS

31 A collaborative project to accelerate job creation and capital investment in the Center Cities to build and sustain shared prosperity. Create more jobs in Minneapolis & Saint Paul for residents of all skill-levels Increase investment in and the development potential of our center cities, especially in target areas of high-market potential & concentrated poverty Increase collaboration among core partners

32 STRUCTURE SITES TOOLBOX STORY The partners need one another to achieve common goals but have not had a structure that enables sustained, effective collaboration Need more deal-ready sites Robust and consistent economic development toolbox incentives and more Tell stories of the center cities to young talent and businesses

33 ALIGNING FOR SUCCESS ENGAGED PRIVATE, PUBLIC, INSTITUTIONAL LEADERSHIP CLEAR ARTICULATION OF REGIONAL ASSETS SHARED DATA AND INFORMATION REGIONAL AWARENESS SUPPORTING BUSINESS ENSURE TALENT SHARED PROSPERITY

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35 THANK YOU MIKE BROWN