North Central Region Community Economics Core Competencies Course

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Economic Prosperity The Luck of the Draw or a
Reflection on Preparedness? An Introduction to
the Community Economic Development Preparedness
Index Andy Lewis Community Development
Specialist University of Wisconsin Extension
March, 2008, Kyiv, Ukraine
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Economic Development

• The process of retaining, expanding, and
  attracting jobs, income and wealth in a manner
  that improves individual economic opportunities
  and the quality of human life.

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My How Youve Grown
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Luck of the Draw?
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Siren, Wisconsin
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Be Prepared
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Being Prepared for the Goodand the Bad
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Take A Step Backwards In Order To Move Forward

• While many communities are interested in
  developing economic development strategies, few
  communities base those strategies on an
  assessment of the communitys strengths and
  weaknesses.

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The Old Version
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The CEDPI Was Used as Part of the Community
Economic Analysis Process
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Community Economic Development Preparedness Index
http//www.uwex.edu/ces/cced/economies/cedpi.cfm
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Community Economic Development Preparedness Index
http//www.uwex.edu/ces/cced/economies/cedpi.cfm
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Alternative Methods for Collecting Data
http//www.zoomerang.com http//www.surveymonkey.c
om/
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Web-Based CEDPI
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Web-Based CEDPI
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The Index Measures a Communitys Readiness to

• Retain existing businesses and income
• Attract new businesses, residents, and income
• Expand small businesses and income within your
  community.

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12 Sections

• Organizational Capacity for Economic Development
• Strategies for Economic Development
• Existing Business Retention
• New Business Formation
• Attracting New Businesses
• Tourism
• Downtown Merchants
• Information for Economic Development
• Labor Force
• Infrastructure Capacity
• Financial Resources
• Quality of Life

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Section 1 Organizational Capacity for Economic
Development
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Sample Questions
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STRATEGIES FOR ECONOMIC DEVELOPMENT
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EXISTING BUSINESS RETENTION
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NEW BUSINESS FORMATION
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ATTRACTING NEW BUSINESSES
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TOURISM
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DOWNTOWN MERCHANTS
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INFORMATION FOR ECONOMIC DEVELOPMENT
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LABOR FORCE
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INFRASTRUCTURE CAPACITY
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FINANCIAL RESOURCES
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QUALITY OF LIFE
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Final Report/Scoring
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Dont Know Responses
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Prioritizing Strengths and Weaknesses
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Action Planning
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Beyond elitism Jane Jacobs on the proper role of
an urban economy
A metropolitan economy, if it is working well,
is constantly transforming many poor people into
middle class people ...greenhorns into competent
citizens... Cities dont lure the middle class,
they create it
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Final Words of Wisdom

• Never Underestimate the Resourcefulness of a
  group of people who are snowed in for half the
  year

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Andy Lewis

• Contact Information
• Community Development Specialist
• Center for Community Economic Development
• University of Wisconsin Extension
• 610 Langdon St., Room 334 Madison, WI 53703
• [phone], [phone] fax
• andy.lewis_at_uwex.edu
• http//www.uwex.edu/ces/cced
• For a copy of todays presentation
• http//www.uwex.edu/ces/cced/economies/documents/O
  nalaska_WDAC.pdf