Broward County in the New Economy - PowerPoint PPT Presentation

Loading...

PPT – Broward County in the New Economy PowerPoint presentation | free to view - id: 6a387-MDAzN



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Broward County in the New Economy

Description:

Fast Growing 'Gazelle Companies' Score. Rank. Miami/ Ft. Lauderdale ... Gazelle Jobs. Broward County & The New Economy. Commercial Internet Domain Names. Rank ... – PowerPoint PPT presentation

Number of Views:48
Avg rating:3.0/5.0
Slides: 57
Provided by: keith310
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Broward County in the New Economy


1
Broward County in the New Economy
Rob Atkinson Vice President and Director,
Technology and New Economy Project Progressive
Policy Institute www.ppionline.org
2
The Progressive Policy Institute
  • Founded in 1989 by the Democratic Leadership
    Council
  • 501 (c) (3)
  • Mission define and promote a Third Way


    progressive politics for the Information Age
  • An alternative to the liberal impulse to defend
    the bureaucratic status quo and the conservative
    bid to dismantle government

3
Format
  • Whats the New Economy and Why Is it Important to
    Browards Future?
  • How is the Broward region faring in the New
    Economy?
  • What do places need to do to succeed?
  • What is the role of visioning?

4
Old Economy Mass Production Factories

5
New Economy Knowledge-Based Offices

6
Old Economy Lower-Skilled Routine Work

7
New Economy Higher-Skilled Customized Work

8
Old EconomyA National Economy

9
New Economy A Global Economy

10
Old Economy Mechanical Technologies

11
New Economy Digital Technologies

12
Old Economy Centralized Scarce Computing

13
New Economy Ubiquitous, Networked Computing

14
Old Economy Paper and Face-To-Face Transactions
15
Really Old Economy

16
New Economy Digital and Remote Transactions
17
OLD Economy Northern Cities

18
NEW Economy Southern Suburbs

19
Six Big Trends Affecting Communities and
Business Over the Next 10 Years
20
Trend 1 The Retiree Boom
  • Facts
  • By 2005, 35 million Americans will be 50 to 59
    years old and planning retirement, up from 21
    million in 1990.
  • of Americans over 60 to grow from 45 million in
    1999 to 58 million in 2011.
  • Implications People can be the engine of growth.

21
Trend 2 The Knowledge Worker Boom
  • Fact By 2010, over 50 percent of the workforce
    will have some college.
  • Implication Footloose knowledge workers will
    drive growth. They look for other knowledge
    workers and a great quality of life.

22
Trend 3 The Globalization Boom
  • Facts Trade is projected to grow by at least 5
    percent per year, and even faster for services.
  • Implication Regions with links to the rest of
    the globe will be most successful.

23
Trend 4 The E-Commerce Boom
  • Fact IT is allowing companies to consolidate and
    challenge small, locally-serving businesses in a
    host of industries.
  • Implication Growing or attracting big, IT-based
    firms will be a key to growth.

24
Trend 5 The Government Budget Bust
  • Facts Federal debt of 7.5 trillion by 2014.
    State budgets under pressure due to rising
    pension and health care costs.
  • Implication Dont look to Washington for much
    help, and possibly, dont even look to
    Tallahassee.

25
Trend 6 The Productivity Boom
  • Fact Productivity growth of 2 for the last 7
    years is likely to continue, especially in
    manufacturing, as the IT revolution penetrates
    all corners of economic life
  • Implication Continued loss in manufacturing
    jobs. Continued increase in incomes.

26
What Does the New Economy Mean For Florida and
Broward County?
The State and Metropolitan New Economy Indexes
use 5 groups of indicators to map how well places
are adapting to the New Economy gt Knowledge
Jobs gt Globalization gt Economic Dynamism
gt Digital Economy gt Technological
Innovation
27
Overall New Economy Index Scores

28
Overall New Economy Index Scores (2002)
29
Overall New Economy Index Scores (2001)
30
THE REGIONS STRENGTHS
31
Export Focus on Manufacturing
32
Export Focus on Manufacturing
33
Fast Growing Gazelle Companies
34
Gazelle Jobs
35
Commercial Internet Domain Names
36
Commercial Domain Names
37
Broadband
38
Broadband
39
Academic RD Funding
40
Academic RD
41
THE REGIONS CHALLENGES
42
Workforce Education
43
Workforce Education
44
Managerial, Professional, and Technical Jobs
45
Managerial, Professional, and Technical Jobs
46
High-Tech Jobs
47
High-Tech Jobs
48
Old Economy Development Model
  • Getting more jobs was the overriding goal.
  • Being a cheap place for business was a key.
  • Attracting companies was a key.
  • A high-quality physical environment stood in the
    way of attracting cost-conscious businesses.
  • Competitive advantage based on a fixed resource,
    skill, or location.
  • Economic development was government-led.


49
A New Economy Requires a New Economic Policy
  • Being rich in ideas and talent is the key.
  • Attracting educated people is the key.
  • Physical and cultural amenities key to
    attracting knowledge workers.
  • Regions prosper if organizations and
    individuals can learn and adapt.
  • Only bold partnerships among business,
    government and the non-profit sector can bring
    about change.

50
Faster Income Growth May Be a Special Challenge
for Broward
  • Miami-Ft. Lauderdale ranked 10th out of 50
    largest metros in population growth, 1990-98.
  • 15th fastest in employment growth.
  • But only 49th fastest in per-capita income growth.

51
7 Steps to Prosper in the New Economy
  • Know your regions economic function in the

    global economy.
  • Create a skilled workforce.
  • Invest in an infrastructure for innovation.
  • Create a great quality of life, especially
    high-quality K-12 schools, good transportation,
    and vibrant urban life.
  • Foster an innovative business climate.
  • Reinvent and digitize government.
  • Take regional governance seriously.

52
Keys to Successful Visioning Efforts
  • Take enough time to really learn about your SWOT.
  • Dont let community pride keep you from taking an
    honest look at both your strengths and
    weaknesses.
  • Dont try to be like someplace else. Work to
    identify the tangible and intangible factors that
    make the Broward region unique.

53
Keys (2)
  • Understand your economy by understanding the
    competitive position of your key industry
    sectors. Complement quantitative research (e.g.,
    County Business Patterns) with qualitative
    research (e.g., industry focus groups).
  • Understand the strengths and weaknesses of key
    foundation areas (e.g., transportation,
    education, business climate, etc.)

54
Get Specific!
  • Dont get caught up in lofty platitudes.
    Identify a discreet number of specific,
    actionable steps and who is accountable for
    implementation.
  • Too vague create the worlds most productive
    workforce.
  • Specific work with the financial services
    industry and the local college to create a two
    year financial services training program.

55
Metropolitan regions that meet the challenges of
the New Economy -- focusing on innovation,
learning, and constant adaptation -- will be the
ones that succeed and prosper.
56
WWW.PPIONLINE.ORG
About PowerShow.com