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Sustaining Local Economic Development Initiatives: A summary of the Hexagon of LED

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Title: Sustaining Local Economic Development Initiatives: A summary of the Hexagon of LED


1
Sustaining Local Economic Development
Initiatives A summary of the Hexagon of LED
  • Jörg Meyer-Stamer
  • jms_at_mesopartner.com

2
Conceptualizing Systemic Competitiveness at the
Local and Regional Level The Hexagon
3
The First Triangle The Target Group
Planning, ME
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
4
The target group of local economic development
firms
5
LED activities around the first triangle
  • address market failure
  • business skills
  • business contacts, networking, info
  • address market failure
  • entrepreneurship skills
  • business contacts
  • entrepreneurs networking
  • coaching, business angels
  • professional investment promotion
  • locational marketing
  • targeted investment promotion
  • investor after-care

6
Main messages
  • General principles
  • Avoid market distortions and discrimination
  • Identify and remedy market failure (e.g. barriers
    to entry)
  • Reduce barriers to entry
  • Pursue a balanced approach look at each of the 3
    types of companies
  • Look at the synergies between the 3 types

7
How to apply the first triangle in a workshop
setting
  • Conduct a mesocard-based brainstorming on the
    business promotion activities that are ongoing
  • Ask the participants to organise the observations
    around the triangle, particularly looking at the
    connecting lines between the corners
  • Discuss the result with the participants
  • It is likely that the result will show a certain
    imbalance in terms of business promotion
    activities
  • Take this as a point of departure for a
    brainstorming on new approaches to business
    promotion.

8
The Second Triangle Locational Factors
Planning, ME
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
9
Locational advantages
Tangible locational factors
-- geographical location -- real estate --
transport and communication infrastructure
-- skilled workers -- energy and environment --
taxes and levies -- subsidies
Relevant for individuals -- quality of
housing -- environmental quality -- schools and
HE -- health facilities -- social facilities --
culture and recreation
Relevant for firms -- efficiency of
government -- business climate -- availability of
related industries -- supporting
institutions
Intangible locational factors
10
Strengthening locational advantages
Tangible locational factors
  • develop business estates
  • real estate information system
  • upgrade transport and
  • communication
  • infrastructure
  • demand-driven skills development
  • efficient implementation of environmental
    regulations
  • competitive taxes and incentives
  • Relevant for individuals
  • quality of housing
  • environmental quality
  • schools and HE
  • health facilities
  • social facilities
  • culture and recreation
  • Relevant for firms
  • more responsive, efficient, consistent
    local government
  • customer-driven support institutions
  • member- and service- driven chambers/assns

Intangible locational factors
11
Main messages
  • At the early stages of development, the tangible
    locational factors are critical
  • As tangible locational factors become more
    similar across locations, intangible factors gain
    importance
  • A key intangible factor is the efficiency and
    business-orientation of government

12
How to apply the second triangle in a workshop
setting
  • Conduct a mesocard exercise based on the
    question What are the factors that make a
    location attractive for business?
  • Organise the cards according to the three types
    of locational factors
  • It is quite likely that at least one of the three
    types will attract only very few observations
  • Address the issue of static vs. dynamic
    competitive advantage

13
The first and second triangle
Planning, ME
Target group
Hard-core LED
Governance
Locational factors
Sustainability
Policy focus and synergy
14
The Third Triangle Policy Focus and Synergy
Planning, ME
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
15
Focus and Synergy The three approaches to local
development
Business Development
Urban planning Urban development Infrastructure D
evelopment
Social Development Community Development
16
Focus and Synergy, 1 Separating
Economic Development Quick results Competitivene
ss Sustainability Consumers
Urban Planning Long time horizon Planning Aesthet
ic criteria
Social Development Support for
disadvantaged and marginalised Beneficiaries Solid
arity
17
Focus and Synergy, 2 Connecting
Redefine social problems as business
opportunities
Leverage infra- structure and facilities
development for LED
Focussed, demand-driven skills deve- lopment
Economic Development
Apply business principles in social endeavours
Improving locational quality Create a
unique profile
Stimulate entrepreneurship (as early in life as
possible)
Improve quality of living in low- income areas
Urban Planning
Social / community Development
18
How to apply the third triangle in a workshop
setting
  • Ask the participants to name ongoing or planned
    LED activities in their location
  • Cluster the responses according to the three
    corner points.
  • Often, the outcome shows lots of social and urban
    development projects, but very few proper
    economic development activities.

19
The Fourth Triangle Sustainable Development
Planning, ME
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
20
The triangle of sustainable development at the
regional level
e.g. regional recycling economy
21
Main message
  • Address ecological and social problems as
    business opportunities
  • Look for win-win-opportunities
  • finding an innovative approach to LED by thinking
    out of the box

22
How to apply the fourth triangle in a workshop
setting
  • Use it in a setting where local stakeholders have
    experience with LED but find it difficult to come
    up with new ideas
  • Organize a Mesocard-based brainstorming exercise
    around this triangle
  • divide the group into four working groups, with
    three looking at one connection and the fourth at
    the entire triangle.

23
The third and fourth triangle
Planning, ME
Target group
Hard-core LED
Governance
Locational factors
Widening the perspective
Sustainability
Policy focus and synergy
24
The Fifth Triangle Governance
Planning, ME
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
25
The Triangle of Governance
Civil society
Local government
Business associations
26
Main message
  • Current approach in successful regions
  • Network governance
  • Distribution of responsibilities between various
    governmental and non-governmental organizations
  • Negotiation and co-ordination without a clear
    decision center
  • Subsidiarity and decentralization
  • Participatory approaches.

27
How to address the fifth triangle in a workshop
setting
  • Conduct the Interaction Matrix mini-workshop
    format
  • first with a public sector group and a private
    sector group separately
  • then bring them together and display the results
    of each workshop

28
The Sixth Triangle Diagnostic Planning,
Monitoring Evaluation
Process management
Target group
Governance
Locational factors
Sustainability
Policy focus and synergy
29
The Triangle of Process Management
Participatory diagnostic (e.g. PACA)
Feedback Reference
Motivation priorities
Participatory ME, Participatory benchmarking
Participatory planning
Implementation
30
Main message
  • Successful LED is based on learning
  • Dont waste too much time with discussing,
    strategising and planning -- get into action
    quickly!
  • LED is an iterative process

31
The fifth and sixth triangle
Process management
Target group
Hard-core LED
Governing the process of LED
Governance
Locational factors
Widening the perspective
Sustainability
Policy focus and synergy
32
The Hexagon and LED interventions
Small business promotion Investment
promotion Start-up promotion Promotion
of BDS
Participatory approach LED iterative process
Efficient public administration Enabling environme
nt Competitive infrastructure Skills
Encourage independent business associations Public
-private partnership Effective governance
Synergy between different fields of local
development
Innovation Addressing LED from a new angle
33
Sustaining a local economic development effort
Process management
Target group
Basic instruments
Effective co-ordination
Governance
Locational factors
Innovative instruments
Sustainability
Policy focus and synergy
34
Thank you for your attention!
  • Further information available at
  • www.wiram.de/toolkit/
  • www.mesopartner.com
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