Funding and Sustainability Workshop EcO15 Southeast Indiana

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Funding and Sustainability WorkshopEcO15
Southeast Indiana
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Agenda

• The Strategy
• Benefits of Collaboration
• Fundraising Process
• Panel Presentation of Community Fundraising
  Initiatives
• North Vernon Education and Training Center
• Community Learning System
• Sustainability Check List
• EcO15 Proposal Outcomes (2008-2010)
• EcO15 Sustainability Assumptions
• Discussion

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The StrategyConnect the Dots
State and National Government Local Elected
Officials Workforce Development Economic
Development Education Community
Foundations Community Learning Centers Business Co
mmunity Organizations Adult Basic
Education Foundations Associations Chamber of
Commerce Training Providers Other
Regions Community Leaders Funding
Organizations Total network of 400-450
relationships
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Benefits of Collaboration

• Increase knowledge and amount of regional assets
• Develop common goals and interest
• Identify potential partners for specific
  initiatives
• Optimize funding streams and opportunities
• Increase regional support
• Foster additional innovation
• Build additional capacity
• Develop stronger economic clusters
• Integrate regional workforce development,
  economic development and education strategies
• Build infrastructure
• Create regional competitive advantage
• Improve regional economy

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Fundraising Process

• Create a Compelling Vision
• Develop a Network
• Maintain an Ongoing List of Funding Options and
  Relationships
• Utilize Leverage
• Do the Work

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Community Learning System Example
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Create a compelling vision

• Conducted comprehensive economic growth study
  (Hudson Institute hired)
• Formed community stakeholder team (large team)
• Used data to develop vision, mission, strategy
• Focused on Community Learning System
• Bringing together education, business,
  government, and community leadership
• Focusing on learners of all ages and those who
  teach them (ages 0 to 99 and beyond)
• Learning and education as a major economic growth
  strategy
• Hired full-time people to implement the strategy
• Implemented plan (PDCA Plan do check act)

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Develop a network

• Ten year network development consider a matrix
  approach
• Local
• Education, Industry, Government, Economic
  Development, Workforce Development, Community
  Foundation, Community Leadership
• State
• Government, Education, Workforce Development,
  Industry, Philanthropic, NGOs
• Federal (similar to state list)

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Maintain an Ongoing List of Funding Options and
Relationships

• Invest time in learning how the system works
• Know the key focus areas where system can be
  improved (based on vision and strategic plans)
• Current and future budget opportunities of key
  partners
• Grants
• Build fee for service models where possible

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Economic Growth Investments
ALREADY ACCOMPLISHED
FUNDED PROJECTS
UNFUNDED PROJECTS
MAJOR PROJECTS
Columbus Enterprise Development Center
ECONOMIC GROWTHENTREPRENEURSHIP(5M)
1M
New Incubator
4M
REGIONAL LEARNING SYSTEM DEVELOPMENT(122M)
Economic Opportunities 2015(EcO15)
Columbus Learning Center (plus 20 years of
operating funding)
38M
25M
Public/Private Investments
STEM Physical Science Labs
16M
3M
Signature Academy
5M
4M
Dream It Do It
Secondary Curricula Infrastructure
30M
4-Yr. Degree Programs(ongoing)
2M
VISION 20/20DOWNTOWN DEVELOPMENT(100M)
Hotel Indigo
10M
Candlewood Suites
10M
Indoor SportsComplex
8M
4th St. Parking Garage
12M
Cummins Office Bldg.
12M
ManagementDevelopment Hub
Education and Conference Center
6M
2M
3M
Commons (public)
Commons (public)
15M
Outdoor Sports Complex
15M
8M
8M
3rd St. Parking Garage
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Utilize Leverage

• Build your plan based on what you want to
  accomplish and always have the whats next list
  ready
• Know strengths of people and your networks
• Do cost / benefits analysis (dont stretch too
  thin)
• Collaboration will take you much further than
  going solo (and most funders expect
  collaboration)
• Local
• Regional

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Do the Work

• Live up to the plan laid-out
• Be prepared to be flexible make strategic shifts
  where necessary
• Believe in the vision and mission (and keep the
  vision and mission at the forefront)
• Consider using project management approach to do
  the work
• Tell the story often and well (hard to do but
  worth the effort)
• Plan, Do, Check, Act (Refine)

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Definition of Sustainability

• Sustainability is the continuation of benefits
  from a development intervention after major
  developmental assistance has been completed. It
  is also the probability of continued long-term
  benefits and the resilience to risk of the net
  benefit flows over time.
• Source IEG (Independent Evaluation Group of
  World Bank) Guidelines for Global and Regional
  Program Reviews-p.87

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EcO15 Outcomes (2008-2010)

• Increase per capita income as a compared to
  state and national averages.
• Increase the number of student enrollments in
  manufacturing related programs.
• Increase the number of student graduates in
  manufacturing related programs.
• Increase number of Manufacturing Skills Standards
  Certifications earned.
• Increase number of Associate of Science Nursing
  Degrees by 15 per year.
• Increase the number of Bachelor of Science
  Nursing Degrees from 15 to 40 per year by 2010.
• Increase in critical thinking skills of
  healthcare professionals as measured by the
  Assessment Technologies Institute certification
  assessment.
• Define career pathways in Advanced Manufacturing,
  Healthcare, and Hospitality and Tourism industry
  sectors.

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EcO15 Sustainability Assumptions

• Advanced Center of Manufacturing Excellence
• Below market lease payments by education
  providers.
• Regional manufacturer financial support.
• Some market rate rental fees from industry
• Advanced Manufacturing Labs
• Host organization is responsible for ongoing
  maintenance through annual budget process.
• Increased student enrollments.
• Dream It Do It Staff
• Regional manufacturer financial support.
• Healthcare
• Education funding through increased enrollment.
• Healthcare providers.
• Private and community funding contributions.
• Grants
• Hospitality and Tourism
• Employers, increased student enrollments, private
  and community funding contributions, grants (same
  as healthcare).

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Discussion

• Examples
• Questions and Answers
• Common Themes
• Next Steps