Post by kbrown on Aug 1, 2013 11:35:53 GMT -5
Executive Dialogue Breakfast
8AM-9:30AM
Dayton Racquet Club (Kettering Tower)
40 N. Main St. Dayton, OH 45423
At the Dayton Development Coalition Annual Meeting in January, Jeff Hoagland, President & CEO announced the Coalition’s commitment to developing an annual assessment of key indicators that impact economic growth—an innovation index. This index will provide the region a tool to measure economic development by several indicators. Currently the only measure used in the Dayton Region is the creation of jobs. This measurement is often an indirect impact of other indicators: exports, workforce availability, government contracts, access to R&D, etc. If the region can measure indicators impacting economic growth and evaluate the region by each indicator on an annual basis, then economic professionals, local and state officials, businesses and academia could all impact job creation by focusing on indicators they can influence.
Many communities have developed an innovation index. Silicon Valley and Toronto’s are perhaps the most well-known, but Chicago, Indianapolis, the state of Virginia, New York City, and many more cities and states have developed this economic development tool. In these communities, the index has performed many functions: an opportunity to get key businesses around the table to develop strategies for growth and sustainment; an engagement tool for academia, stakeholders, public officials; a blueprint for regional priorities based on strengths and weaknesses; a barometer to the impact of or isolation from the recession; the ability to measure outcomes rather than inputs; and for those communities that have been publishing an index annually, they are identifying bellwether indicators that reflect the fundamentals of long-term regional health.
8AM-9:30AM
Dayton Racquet Club (Kettering Tower)
40 N. Main St. Dayton, OH 45423
At the Dayton Development Coalition Annual Meeting in January, Jeff Hoagland, President & CEO announced the Coalition’s commitment to developing an annual assessment of key indicators that impact economic growth—an innovation index. This index will provide the region a tool to measure economic development by several indicators. Currently the only measure used in the Dayton Region is the creation of jobs. This measurement is often an indirect impact of other indicators: exports, workforce availability, government contracts, access to R&D, etc. If the region can measure indicators impacting economic growth and evaluate the region by each indicator on an annual basis, then economic professionals, local and state officials, businesses and academia could all impact job creation by focusing on indicators they can influence.
Many communities have developed an innovation index. Silicon Valley and Toronto’s are perhaps the most well-known, but Chicago, Indianapolis, the state of Virginia, New York City, and many more cities and states have developed this economic development tool. In these communities, the index has performed many functions: an opportunity to get key businesses around the table to develop strategies for growth and sustainment; an engagement tool for academia, stakeholders, public officials; a blueprint for regional priorities based on strengths and weaknesses; a barometer to the impact of or isolation from the recession; the ability to measure outcomes rather than inputs; and for those communities that have been publishing an index annually, they are identifying bellwether indicators that reflect the fundamentals of long-term regional health.