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NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY (NSEDA) CREATING A VISION along with its Project Leader, Real World EDA, also a product of Project Compute, first inner-city computer program in Seattle, WA.
NSEDA's Vision - Wa State UBI # 604 769 059 - 06/15
Our Educational Training VISION, MISSION AND PURPOSE
NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY’S VISION STATEMENT
“To nurture and enhance the economic well-being of the community through the promotion of a sustainable economy. To develop a resilient strategy for economic development that promotes economic health and vitality that is recognized for its quality of life, diverse entrepreneurial energy, and pride of place”.
NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY’S VISION WILL:
Guide the organization to its intended goal
Remind the community of what it represents
Inspire the people who take pride in their community
Control those unrelated activities
Free the community of past failures
Our vision will incorporate the best of the community's history into an ideal yet feasible view of the future. It will include an organizational charter of core values and principles, summarize priorities, plans and goals, provide insight into the future, and identify what makes the community unique. It will be, NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY’S "declaration of interdependence" with regional activities.
New Solution AUTHORITY’S ECONOMIC DEVELOPMENT Educational VISION PLANS INCLUDE:
Creating new and better jobs in the region
Keeping the money at home
Diversify the local economy
Keep existing businesses prosperous through marketing, management and financial assistance.
Attract desirable new employers consistent with the area's quality of life
Enhance earning opportunities of area residents
Promote investment of capital
Encourage local buying of goods and services
Expand the economic base of the community
Conclusion
Educating through IDENTIFYING THE NEED
NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY through its educational agenda can determine if an economic development organization is a good idea for your community, we have to find out what the area’s needs are. Too many programs are organized out of desperation, e.g., created because a primary employer shuts down a factory or moves elsewhere.
The need for economic development is broader than one single action negatively impacting the community. So, before we decide to go to the effort of organizing an economic development program. We have to find out:
WORKERS:
How many people are unemployed?
How many are underemployed?
STUDENTS:
How many graduates and leave town?
How many drop out of school?
How many are going to college and in what fields?
BUSINESSES:
Which firms are growing in the community?
What skills do they require?
Which companies are having problems?
What will it take to put them back on track?
DEFINING THE GEOGRAPHIC SERVICE AREA
In choosing the geographic area to be served by the economic development organization, we consider the following issues:
The larger the area, the greater the number of representatives required to fully represent all private and governmental interests.
The larger the area, the greater opportunity to successfully secure private and governmental support funds.
The smaller the area served, the fewer assets a community has to grow and prosper.
A region wide economic development organization which increases the likelihood of a successful fund-raising campaign to assure an operating budget for part-time or full-time staffing may be better for your community. However, there are many fine examples of successful city and village economic development programs.
IDENTIFYING OTHER SERVICE GROUPS
We will identify numerous external partners who can assist in the community's economic development effort. Chances are, a lot of existing organizations, either in the community or in the area, already perform economic development activities as part of their routine responsibilities. Most of these organizations will appreciate the focus a local comprehensive economic development organization can provide. When groups collaborate resources and energy, the entire community benefits. The trick is to avoid duplication of services and learn how to work as a team.
Workforce Development
Business Development Coalition Building
Infrastructure Support Development
Business Climate Quality of Life
Economic Development Councils
Small Business Development Centers
Utilities
Property Development Recruiting
Tourism
Community Action Programs
Community Development
Economic Development Districts
Establishing an Economic Development Program
ORGANIZATIONAL DEVELOPMENT
County Chambers
Port Districts
Revolving and Micro-Loan Funds
Government (Federal, State and Tribal)
High Schools Community Colleges Vocational Schools
Access to Capital Technical Assistance
Visitors & Convention Bureau
Funding Business Climate
Business Development Coalition Building
DEVELOPING A STRATEGY
NEW SOLUTIONS ECONOMIC DEVELOPMENT AUTHORITY needs to chart its course as it is pertaining to educational needs of a community.
Sectors of a community once assigned by geographical needs will determine specific educational Economic Developmnent and Leadership educational needs of said sector. Real World EDA will assign sectors based on the availability of prospects with the region.
Please see Puget Sound (Washington state) African Descent Regional Economic Development Strategic & Tactical Blueprint below.