Heather Ennis Northwest Indiana Forum 219.763.6303 President & CEO November 1, 2019 hennis@nwiforum.org
NWI Forum Voice of NWI Business Marketing NWI as the Place for Business Stake out and drive bold initiatives
1 PLANNING PROCESS
What are we missing? A strong, compelling regional vision and economic development playbook
2 WHAT’S OUR MOTIVATION
NWI BY THE NUMBERS -3,417 -1.1% AVG ANNUAL NET DOMESTIC POPULATION GROWTH MIGRATION TO THE REGION SINCE 2010 (2011-2017) 61% -51,681 LABOR FORCE PARTICIPATION NET COMMUTING FLOW (2015) (2017) 2.8% 4.8% JOB GROWTH SINCE 2010 UNEMPLOYMENT RATE (2017)
GROWTH COMPARISONS Job Growth Population Growth (2010-2017) (2012-2017) Northwest Indiana 2.8% -1.1% Chicago MSA* 9.6% 0.9% Indiana 9.9% 2.8% United States 10.7% 5.5% *Data for Lake, Porter, Newton, and Jasper Counties are not included in calculations for Chicago MSA figures. Sources: EMSI 2018.1 – QCEW Employees, Non-QCEW Employees, and Self-Employed; US Census Bureau, Population Estimates program Sources:
LOTS BEING DONE
Who’s In? Over 60 Investors Steering Committee of 15 Leadership Group of 54 Hosted over 50 Roundtable and One on One Meetings Engaged over 490 People Engaged the public through an online survey
3 VISION & GOALS
VISION Northwest Indiana drives its vibrant and inclusive communities by creating the most dynamic economic environment of the Midwest, fueled by innovation, diversity, and talent.
STRATEGIC FRAMEWORK Business Development Goal 1: Promote robust and sustainable growth by engaging in a proactive, economic development program that supports & Marketing business retention, expansion, creation, and attraction. Entrepreneurship & Goal 2: Foster robust entrepreneurship and innovation ecosystems Innovation to propel future economic growth. Goal 3: Ensure that Northwest Indiana’s infrastructure meets the Infrastructure needs of a 21st-century economy. Goal 4: Expand the talent assets of Northwest Indiana and Talent strengthen connections to the region’s employers. Goal 5: create the amenities and places that enhance Northwest Placemaking Indiana’s appeal to diverse groups of people.
4 WHAT’S BEEN DONE
BUSINESS DEVELOPMENT & MARKETING • Coordinate business attraction and marketing campaign between Forum, LEDOs and IEDC (1.4.1) • 20 Trips in 2019 with an additional 7 scheduled for early 2020 • Over 300 meetings with site consultants, brokers and companies • Building Target Sector Marketing • Agri-value Chain Complete • Advanced Mfg, TDL, IT • Increase collaborative business retention and expansion (BR&E) efforts across the region (1.7) • July 2019 all LEDOs subscribed to Executive Pulse • August 2019 Executive Pulse Training • Continuing to measure outcomes
ENTREPRENEURSHIP & INNOVATION • Impact Labs- Coming Soon! • Cultivate and convene networks of entrepreneurs • Raise awareness of entrepreneurial success stories • Entrepreneurial as well as Intrapreneurial • Support innovation within existing companies
INFRASTRUCTURE • Land Banks • Lake County is finalizing operating principles • Will be able to replicate in other areas • Brownfield redevelopment • EPA Grant • Port • Broadband • Airport
TALENT • IT Sector Strategy • Promoting NWI jobs-in-demand • Digital Ambassador Programs • Promoting early learning efforts
PLACEMAKING • Maximize the TOD potential associated with the South Shore and West Lake Corridor commuter rail projects • Support the development of vibrant downtowns and distinct neighborhoods and districts • Encourages and promote the development of diverse and affordable housing options
MEASURE RESULTS
5 IMPLEMENTATION
IMPLEMENTATION STRUCTURE • Coalition of regional organizations • Sustainable effort under one banner- Ignite • Coordinated by the Forum • Regular meetings (monthly and quarterly) • Report on activities • Assess progress • Reprioritize, add, and delete initiatives • Annual regional meeting to present accomplishments
Heather Ennis NWI Forum 219.763.6303 hennis@nwiforum.org
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