Presented to the

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Presented to the Arkansas Executive
Summit Workplace of the Future April 19, 2006
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Relevance

• Bring the best resources together to find optimal
  answers to compete in 21st Century Economy
• Statewide Strategic Economic Development Plan
• Cornerstones of knowledge, technology and
  entrepreneurship

3
Accelerate Arkansas Values
Relevance

• In all we do, place the state of Arkansas first
• Act highly collaborative expect this of others
• Encourage respectful disagreement to arrive at
  best possible course of action
• Are a non-political organization and will conduct
  ourselves accordingly

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Accelerate Arkansas Membership
Relevance
Statewide membership 35 members and
increasing Public, private, and academic
partnership Private sector majority

• Jerry Adams, Acxiom, Conway
• John Ahlen, ASTA, Little Rock
• Susan Allen, ASU, Jonesboro
• Phil Baldwin, Southern Dev. Bancorp, Arkadelphia
• Jim Blakley, Ret. ADED, Hot Springs
• Jeff Collins, U of A Walton College, Fayetteville
  
• Jerry Damerow, UAMS BioVentures, Little Rock
• Danny Ferguson, SW Energy, Fayetteville
• Scott Ferguson, Former AR Rep, West Memphis
• Len Fry, ASU, Jonesboro
• Watt Gregory, Kutak Rock, Little Rock
• Charles Hathaway, UALR, Little Rock
• James K. Hendren, Task Force Knowledge-based
  Jobs, Little Rock
• Carmie Henry Elect. Coop. of Arkansas, Little
  Rock
• Leslie Lane, Arkansas Capital, Little Rock
• Steve Lease, Ar Assoc Two Yr Colleges, Fort Smith
• John Lewis, Team Lewis, Fayetteville
• Uvalde Lindsey, Northwest Ark. Council,
  Fayetteville
• Emon Mahony, Mahony Corp, El Dorado

• Chris Masingill, Bebee for Governor, Pine Bluff
• Mike Maulden, Entergy, Little Rock
• Tim McFarland, Arkansas Capital, Fayetteville
• Alan McVey, ADED, Little Rock
• Elise Mitchell, Mitchell Communications,
  Fayetteville
• Ted Moskal, Lawrence County C of C, Walnut Ridge
• Tim OBrien, UAMS BioVentures, Little Rock
• Stacy Pittman, Cranford Johnson, Little Rock
• Mark Saviers, Sage Ptrs., Little Rock
• Sam Sicard, First National Bank, Fort Smith
• Bill Thomas, Cross County Econ. Dev., Wynne
• Henry Torres, Rural Sourcing, Jonesboro
• Ashvin Vibhakar, University of Arkansas at Little
  Rock
• Sam Walls, Arkansas Capital Corp., Little Rock
• Dan Worrell, U of A Walton College, Fayetteville

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Focus on Arkansas Per Capita Personal Income
Relevance
Strategy / Goal New and Better Jobs through
knowledge-based industries driving per capita
income to U.S. average by 2020
Arkansas Per Capita Personal Income as a
Percentage of the National Average 1929-2001

• Broaden the Base no tax increases
• Added State Tax Revenues gt2 Billion

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Milken - CBER RESEARCH
Success

SEPTEMBER 2004 ACCELERATE ARKANSAS RELEASES ITS
MAJOR RESEARCH REPORT
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Overview of the Knowledge Economy
Success

• High Tech Tier One
• 25 industries
• -U.S. employment 6.4
• -AR. employment
  1.7
• Knowledge-based Tier Two
• 65 industries
• -U.S. employment 16
• -AR employment
  8.0
• 
  22.4 9.7
• Where U.S. Job Growth Occurs!

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THE RISK OF INACTION
Success
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2005 LEGISLATIVE SESSION
Success

• 10 Point Legislative Agenda
• Act 2092 Increased Seed Capital and Research
  Matching Funds
• Act 1232 Improved the competitiveness of
  various economic development laws

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Accelerate Arkansas Core Strategies
Strategy

• Support job creating research
• Develop risk capital available for all stages of
  the business cycle and especially in the funding
  gap
• Encourage entrepreneurship and accelerated new
  enterprise development
• Increase the education of all Arkansans and
  especially the achievement in science,
  technology, engineering and mathematics (STEM)
  education
• Sustain Successful Existing Industry Through
  Advancing Technology and Competitiveness

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Strategic Plan Support
Strategy

• Winthrop Rockefeller Foundation
• Arkansas Department of Economic Development
• Arkansas Science Technology Authority
• ACXIOM
• ATT
• Arkansas Capital
• Entergy
• First National Bank Fort Smith

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Strategic Planning
Strategy

• Four Strategic Plan Iterations (Using UALR /
  ADED Facilitation Technology and People)
• Iteration 1 Strategic Planning Steering
  Committee
• Iteration 2 Accelerate Arkansas Full
  Membership
• Iteration 3 Six Regional Meetings across
  Arkansas
• Iteration 4 Content Experts
• Data Collection
• UALR IEA National Comparisons and Rural Best
  Practices
• UA CBER Scorecard

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Strategic Planning ResultsJob-Creating Research
Strategy
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Strategic Planning ResultsEntrepreneurship
Development
Strategy
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Strategic Planning ResultsRisk Capital
Strategy
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Strategic Planning ResultsSTEM Education
Strategy
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Strategic Planning ResultsSuccessful Existing
Industry
Strategy
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IN ORDER TO CATCH UP WE MUST RUN FASTER
Action

• Other States are not standing still
• Oklahoma plans for 1 billion
• research endowment fund
• We are not competing with each
• otherwe are competing in a
• global economy

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Stakeholders to Mobilize
Action

• Educators
• Researchers
• Investors
• Industry Leaders
• Entrepreneurs
• Communities

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Resources
Action

• Public policy and investments are important
  enablers, but . . .
• The Accelerate Arkansas agenda also involves
• addressing conflicting commitments,
• changing priorities, and
• building new knowledge.

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Use the Plan
Action

• The value of the Accelerate Arkansas strategic
  plan is in its being used to help inform
  decisions by stakeholders about the allocation of
  scarce resources among many worthy, competing
  efforts.

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Discussion
Contact Information

• For continuing information, join the moderated
  email announcement list.
• Send an email to
• AccelerateArkansas-subscribe_at_yahoogroups.com
• By registering at yahoogroups.com, you can view
  archives and documents loaded there.

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Let us hear your questions, ideas, and
suggestions.
Discussion
Discussion
On behalf of Accelerate Arkansas, thank you for
your attention and participation.