“Audaces fortuna iuvat.”
Translation: Fortune favors the bold.
The Future Favors…
As we look out over the next decade, we must ask where the world is heading. Which industries, regions and people will thrive in a new economic era? Below are thoughts from a community perspective. If they provoke thoughts from you, we would love to hear them.
The future, most likely, will favor:
Communities that are focused on building a complete economy that fosters the growth of large businesses, nurtures entrepreneurs with a dream and eases the burden on small businesses.
Communities that nurture a strong small business environment that allows entrepreneurs to start, scale, and operate without undue regulation, and a start-up system that is focused on nurturing high-growth tech companies.
Communities that invest for the long-term and think regionally. Labor, talent, transportation, housing, and buying markets are regional, and must continually coordinate to raise the overall competitiveness of an area.
Communities that increase the mobility and affordability of their market. Housing and transportation should be married to the economic development strategy and be market oriented.
Communities that prioritize and act collaboratively upon present day opportunities towards a long-term purpose.
Communities that are diverse. Communities that attract new people and provide living options for their workforce, families, and for the elderly. A community that attracts growing companies to diversify their economy.
Communities that offer ubiquitous educational opportunities for their people to continue to learn and earn from early childhood, through their working years, and later in life.
Communities that have great institutions. Higher educational institutions, community foundations that reinvest in the community strategically, and a thriving arts, recreation and music scene.
Communities that invest heavily in technology to reduce costs and better serve citizens.
Communities that take great care of the most vulnerable.
Communities that are open to ideas and the people that have them – no matter their current station in life.
Communities that use the best available data and input to take bold risks and invest.
Communities that compete and constantly strive to get better.
I am proud to say that I see elements of the above everyday in the Columbus Region, but I also see instances where we fail to live up to these high standards. Every day that we close the gap and fail less, we gain economically, socially and culturally.
Perhaps the future favors US?