Monday, May 19, 2008
"Sharla brings several years of experience in working with existing businesses and has run a quality program in Madisonville," said EDC President/ CEO Nick Brake. "She has worked closely with the Kentucky Cabinet for Economic Development and understands many of the issues that impact economic development. She will fit in well with the existing team at the EDC."
Madison Silvert will assume the title of Executive Vice President while continuing to serve as the director of the Emerging Ventures Center and coordinating EDC efforts in high tech development and entrepreneurship. Becky McCubbins will continue to work with marketing and new business development and assume the title of New Business Development Manager.
Jennifer Wright, the EDC Executive Vice President, who handled the existing industry program since November 2007, is relocating to Savannah, GA, where her husband has accepted a job.
Tuesday, May 13, 2008
“Each community in our three-state region faces the same economic realities,” said Kevin Sheilley, President & CEO of Northwest Kentucky Forward, a public-private economic development partnership that serves Henderson, McLean, Union and Webster counties. “We share a common workforce and have identical infrastructure challenges, and we believe it is possible to develop solutions which can be replicated in each state.”
Kicking off the summit is Rich Karlgaard, publisher of Forbes – the world’s most popular business and financial magazine. Karlgaard writes Digital Rules, a regular Forbes column, which discusses technology, entrepreneurship, regional and economic development, and the future of business and work. He frequently guests on the Fox News Channel’s Forbes on Fox and has written a Wall Street Journal best seller – Life 2.0 How People Across America Are Transforming Their Lives by Finding the Where of Their Happiness.
“Evidence suggests that the significance of previous drivers of economic growth such as natural resources and physical capital is being replaced by human creativity and that creativity propels economic growth,” stated Dr. Khayum.
Attendees will have the opportunity during the two-day summit to participate in general and break-out sessions dealing with entrepreneurialism, regional collaboration, building stronger economic development strategies, and alignment to the emerging world economy. The final summit agenda is being developed in cooperation with regional advisory councils from each state.
Founding sponsors for the 2008 Regional Economic Summit are Old National Bank and Regency Properties. Lead sponsors of the event are the Richland County Development Corporation (IL), Greater Owensboro Economic Development Corporation (KY), Northwest Kentucky Forward (KY), Chamber of Commerce of Southwest Indiana (IN), and the Economic Development Coalition of Southwest Indiana (IN).
Thursday, May 8, 2008
- Building a strong foundation through early childhood education and literacy initiatives such as the Imagination Library;
- Preparing high school students for 21st century success with emphasis on increased access and improved preparation for postsecondary education;
- Developing a 21st century workforce, emphasizing life-long learning, internship programs, and increased opportunities for students to earn bachelor's and graduate degrees in Owensboro.
"Nearly all jobs of the future will require some postsecondary education," said EDC President/CEO Nick Brake. "The EDC, the Learning Community, and the Regional Alliance for Education will take the lead to champion higher education attainment by providing a consistent, unified voice to promote these goals and by supporting and implementing strategies for our region to GO-Higher"
The Learning Community is a grass-roots initiative to increase educational opportunities for residents of the region. The office is located at the Greater Owensboro Economic Development Corp. Watch the Learning Community video here.
Thursday, May 1, 2008
Generation Y refers to individuals born between 1978 and 1994. In the next several years, they are expected to outnumber all other segments of the workforce. The retirement of the boomer generation, which officially began this year, will trigger a worker shortage that Generation X, which comes behind the Boomers, will be unable to fill. Businesses are realizing that they may have no choice but to accommodate the unique and curious aspects of the Gen Y creatures.
Hira spoke to the audience about many of the challenges that businesses face in recruiting, retaining, and supervising this important demographic group. Her blog at Fortune.com is full of the same points. Members of Gen Y are looking for meaningful work; they are particularly influenced by technology which often makes them more productive than their predecessors despite the fact that they spend less time working in a traditional office setting.
It struck me, as I looked around the room how evident the need to reach out as a region to this group-- the community in general is not connecting with Gen Y.
Greater Owensboro has an opportunity to correct this with a couple of key steps. The first step is to conduct a real evaluation of the strengths and values of the community relative to the Gen Y group. The current branding campaign is an opportunity for the region to appeal to the Gen Y audience as an authentic community providing meaningful work and meaningful play.
Secondly, the region should have a plan to become a destination for Generation Y. This is where the overall strategy to attract people with attractive places, known as place making, come in to play (click here for more information). Lastly, the community must figure out how to engage this younger generation as community leaders. Not only will Gen Y fill a majority of the jobs in the workforce, they will be assuming leadership roles in corporations and communities much sooner than their predecessors.
Please visit the following links to read more about Nadira Hira: