Wednesday, May 2, 2018

Wish This Was a 60-Second Video, But. . .

. . . the hour-plus long video is still a must-see.

Bill Fruth was brought to Licking County by our LEDO, Grow Licking County Community Improvement Corporation, as part of a educational series on economic development.

Since I doubt few will watch the whole video, here's my summation from just two slides.

Bill points out that "manufacturing accounts for 41% of imported wealth" to Licking County's economy.  Bill also points out the need to focus attention on growing your existing, primary industries. 

Take away: Focus on manufacturing.

Why do public entities often need to get involved in readying industrial land? Sites are the most important element of the site selection process. Bill shows why communities need to get involved with this chart where the sale value of land versus economic benefit to a community for land.

Take away:  Economic development is ultimately a real estate transaction.

Still go watch the video.  It's chock full of lessons.

Thursday, April 19, 2018

When a Plan Comes Together

Our local science museum planned a "SciDome" to engage with the Immersive Generation.  It's being done in partnership with Ohio State - Newark.  See my latest piece.

When we visited the Spitz office, I saw an image of one place's dome.  I snapped this picture in their conference room and used it to keep making the pitch locally.

Later, The Works took that vision to a teaser of what was to come.

Here's what it looks like at the 98% of readiness phase and it's taking shape.

It's great when a plan comes together.

Friday, April 6, 2018

The Grass Isn't Always Greener. . .

. . .on the other side.

My youngest kids and I enjoyed Spring Break in a southern destination.

Southern Canada that is.

We visited Niagara Falls, Ontario, Canada for a few days to take in the sights and sounds of the gorgeous Falls.

It's easy to think that things are just booming in a place like Niagara Falls when you see cranes up and new buildings being built.

I can't help but take a look at the other side though, literally.

The view from the 35th floor back side of our hotel shows one the "other side" of Niagara Falls.  It's rather a stark contrast to the glitz of the more visible side of the Falls.

Frankly, as a recent report from Joel Kotkin shows, the grass is greener right here in Licking County and Central Ohio, and it's because the basis for our economy is stronger.  We are fortunate that our economy is anchored solidly on a diverse array of "economic base" type industries like manufacturing, laboratory services, machining, food production, bank headquarters, multi-state logistics, and more.