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Economic Development Matters Blog

The Columbus2020!

Small Pieces – Loosely Joined

April 30th, 2012 by Kenny McDonald

I recently attended a presentation at MIT where a technologist suggested a book called Small Pieces Loosely Joined by David Weinberger. At once, I knew I had to get this book. The title alone is worthy of my attention as a regional economic development practitioner. In fact, the phrase “small pieces loosely joined” sums up my feelings about how regionalism works very well.

Just like the web, regional collaboration changes our perception about what is possible, imperfect, and ever evolving. I’ve always believed regionalism requires that the small pieces (locally this means counties, cities, townships, villages) work hard to develop and maintain their history and character to reach their full potential. Occasionally, and increasingly more often as budgets tighten, the small pieces can only achieve their full potential by banding together in whole or in part with other areas to achieve this potential (regionalism).

In fact, it is a pretty apt description of the United States. Each state brings unique attributes to the table, each ruggedly individualistic, but occasionally and for certain functions these states band together in small groups (Midwest, Southeast, New England) or as a whole (national defense). It is a basic premise of America. Go it alone, take care of yourself, compete – and come together when/if necessary.

The Columbus Region is working very hard to do just this, and Ohio in a larger sense is doing the same thing through the JobsOhio Network – a collection of 6 regions throughout the state that have banded together to market/promote and conduct economic development for the benefit of the State of Ohio. Together we can do more than has ever been done before in Ohio, but our coalition and our economic development system will always be imperfect and ever-evolving. Small pieces – loosely joined.

Columbus 2020 Update
Columbus 2020 received an honorable mention as one of the top economic development groups in the country last week through Site Selection magazine. Congratulations to the great team, but, more importantly to our regional partners (200+ private sector companies and 26 public entities that make up our investors). You made this advancement possible and we appreciate it.

Last week our team visited the Hannover Trade Fair in Germany and the Industrial Asset Management Council’s spring event in Texas. More prospects were developed at both events and our team keeps pushing forward this week with another trip to Texas to meet with energy companies at the Offshore Technology Conference in Houston. Wish us luck!

This Wednesday the Brookings Institution, in a joint project with JPMorgan Chase, will host the Ohio Global Cities forum at The Ohio State University. The forum will explore how Ohio’s metropolitan areas can enhance their ability to compete globally by focusing on the interplay between advanced research, advanced industries, skilled workers, foreign direct investment and sophisticated export promotion and finance. You can register and learn more about this event here.

-Kenny McDonald

Who is relying on us to perform?

April 23rd, 2012 by Kenny McDonald

In a few weeks the Brookings Institute will visit the Columbus Region on a worldwide tour of some of the most important metropolitan economies in the world. The Brookings Institute’s Global Cities Initiative, sponsored by J.P. Morgan Chase, our Region’s largest employer, is studying global competitiveness and wants to know what our Region is doing to address the market challenges of the 21st century.

As our team and others in our Region plan for the event, several questions come to mind. First, what is our Region doing to remain or become globally competitive?  Second, what are we not doing that we need to consider or can learn from other regions of the U.S. and the world? How does the global competitiveness of our Region impact our country’s competitiveness? Finally, what is our role in making the U.S.A. the best place in the world to do business, be educated, and live a quality life?

Chicago’s former long-time Mayor Richard M. Daley, who is deeply involved in the initiative, addressed a group last week and pointed to his own perspective as a Midwest Mayor. He pointed out that he wanted to study the Los Angeles region and understand what they were and were not doing, because a huge percentage of his economy was dependent on the flow of goods that come through Long Beach every day. If Long Beach gets sick, so does Chicago.

This made me consider the Columbus Region’s role in the economy as one of the top inland ports, a producer of talent for the world through our 50+ colleges and universities, our manufacturing base, and as a finance and insurance hub. If we don’t perform to our potential, who else are we holding up?

Add this to the many reasons I believe professional, innovative economic development matters so much. Our team is here to move the Region forward so that economic opportunities are created for our people and our businesses, but that isn’t all. Often we only think of this in our community or state, but it is important to understand and consider the obligation we have to continue to strive for excellence in infrastructure, smart economic development policy, and talent development. Companies and people in metropolitan areas around the globe are relying on us to deliver products and services so that their economies continue to move as well.

Columbus 2020 Update
Our team is back on the road this week in Hanover, Germany and at the IAMC conference in Austin, TX. Industrial Asset Management Council is a leadership group of corporate real estate leaders focused on manufacturing. It is critical that we continue to be present to understand our customers and educate others on the benefits of doing business in the Columbus Region and the State of Ohio.

Thanks to Dr. Mark Smith, President of Ohio Christian University and Columbus 2020 Board of Directors member. Dr. Smith will host us in Pickaway County on Tuesday along with leaders throughout the area.  OCU alumnus and world renowned leadership expert John Maxwell will speak. Just another reminder of the great alumni connections the Columbus Region has around the world.

-Kenny McDonald

Hard To Beat

October 31st, 2011 by Kenny McDonald

“It’s hard to beat a person who never gives up.” Babe Ruth

This past week many witnessed a World Series comeback by the St. Louis Cardinals and the great Buckeyes comeback with just seconds left to beat Wisconsin. Both were thrilling wins and great examples of perseverance and determination.

I’ve written about striving for excellence, and the Columbus2020! strategy is to grow the most dynamic regional economy in the United States. That path to excellence starts with creating a Region that is hard to beat. We want decision makers to know the Columbus Region’s business climate, cost competitiveness, market access, and talent is better than most and in the aggregate hard to beat.

To take this sport analogy a bit further I would suggest that the following principles be applied to our economic development strategy:
•Home field advantage: a determined and relentless focus on assisting existing businesses that need help in expanding, finding and training new talent, and navigating the challenges of the global economy.
•Execution: by preparing the physical infrastructure, quality workforce, and economic development system that is well prepared to serve the needs of businesses acting proactively as much as possible and reacting efficiently when required.
•Don’t beat yourself up: by investing in economic development in our communities, our Region, and within the State of Ohio. We must market our Region as a business location consistently and not create unnecessary obstacles to our own success by acting parochially or without a vision for the future.
•Deliver big in the biggest games: when big moments arrive, be it an individual opportunity or a global economic issue – we must continue to rise to the challenge for the benefit of our businesses, and most importantly, those unemployed or displaced by the economy. This requires creative thinking by including all aspects of our community in the effort to win.

This week, this year, this decade – let’s be hard to beat, undefeatable, and let’s never give up trying to make the Columbus Region all that it can be.

Columbus2020! Update
Columbus2020!’s Board of Directors meet this week to discuss the progression of our business plan and to discuss 2012 priorities. We will also meet with our Economic Developers’ Advisory Committee this Friday to discuss many of those same issues. The 2020! business development team is preparing to be in Atlanta and California next week as well as preparing for our second trip to Germany in the past six months.

Kenny McDonald
Chief Economic Officer
Columbus2020!
614.225.6060
km@columbcolumbusregion.com
columbusregion.com
@kennymcdon