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What is CALED and its Mission?
- California Association for Local Economic Development
- Founded in 1980
- A non-profit membership organization
- Dedicated to advancing its members ability to achieve excellence in
- Delivering economic development services to their communities and businesses
CALED Members
- Cities and Counties
- Nonprofit Economic Development Organizations
- Chambers of Commerce
- Education/Training Agencies
- Private Sector: Consultants, Municipal Finance etc.
- State/Federal Agencies
- Utilities
- Banks
CALED Services
- Educational and Professional Development--California Academy for Economic Development
- Legislative and Program Advocacy
- Information and Communication
- Technical Assistance and Problem-solving (911 of economic development)
Economic Development:
Private Perspective
- The process of creating wealth through the mobilization of human, financial, physical and natural resources to generate marketable goods and services.
Public Perspective
- An investment program designed to leverage private sector capital in such a way as to induce actions that have a positive effect on:
- Business Activity
- Employment
- Income Distribution, and
- Fiscal Solvency of the Community
Definitions
- COMMUNITY DEVELOPMENT is a process for making a community a better place to live and work.
- ECONOMIC DEVELOPMENT is purely and simply the creation of wealth in which community benefits are created.
Economic Development
The Process
- Deliberate and Focused intervention to stimulate economic growth
The Actions
- Retention/Expansion
- Formation
- Attraction
Wealth Generation: A Hierarchy of Business Activity
Benefits: 100 Jobs =
| Direct & Secondary Jobs | 184 |
| New Income | $2,688,048 |
| Sales Tax Revenue | $58,504 |
| Property Tax Revenue | $100,800 |
Benefits: 100 Jobs Health Services Jobs =
| Direct & Secondary Jobs | 208 |
| New Income | $17,200,000 |
| Sales Tax Revenue | $ ? |
| Property Tax Revenue | $ ? |
Critical Issues of Today’s Economy
- Tight, tight labor market, workforce development, skills development
- Technological and hyper-competition
- Retail market competition with Internet
- Shifting economic base - e-commerce
- Infrastructure
- Decline in Manufacturing
- Aging Population
Critical Site Selection Factors
- Availability of Skilled Labor
- Highway Accessibility
- Labor Costs
Critical Quality of Life Factors
- Low Crime Rate
- Ratings of Public Schools
- Health Facilities
Critical Issues of Today’s Economic Development
- Labor
- Infrastructure - Telecommunications
- Limited Funding
- Closure of major facilities - military
- Declining industries
- Transitioning welfare to work
- Smart Growth
Opportunities for Health Service and Economic Development
- Broader Funding Resources
- "Industry Cluster" Associations
- Better Health Through Economic Vitality
- Better Economic Vitality Through Health Service
Economic Development is Part of a Larger Puzzle
Approach
- Identify Health Services as a Business Opportunity
- Identify Health Services as a Necessity for Economic Vitality
- Identify Economic Vitality as a Necessity for Health
- Access Economic Development to Facilitate
Economic Development Programs
Public/private non-profit economic development corporation
| Sub-county/City | 28 |
| Single county | 35 |
| Multi-county | 5 |
| Multi-county ED Districts cover 17 counties | 5 |
| County Economic Development programs | 30 |
| City offices of economic development | 200+ |
| Total | 303 |
State of California Trade and Commerce Agency
- Administer some loan program dollars
- Staff of 324
- $73 million budget
- Regional Offices
- Office of Business Development
- Office of Small Business
- Office of Permit Assistance
- Office of Strategic Technology
- California Film Commission
- Office of Military Base Retention
- International Trade and Investment
- California Foreign Trade & Investment (Frankfurt, Hong Kong, Tokyo, London, Mexico City,Sub-Saharan, Africa, Israel, Taipei, South Korean, Calgary, Philippines, Brazil, Shanghai)
- Office of Export Finance
- Office of Export Development
- Office of California-Mexico Affairs
- Marketing and Communications
- Tourism
- Economic Research and Strategic Initiatives
"Tools" and "Resources" for Economic Development:
- Redevelopment (390)
- Small Bus. Dev. Centers (35)
- Enterprise Zones (34)
- Recycling Zones (40)
- Community College Centers (50)
- Cal/EPA Permit Centers (8)
- Private Industry Councils (52)
- Chambers of Commerce (674)
- Downtown Associations (150+)
- Business Improvement Districts (200+)
- Mainstreet (29)
- Incubators (23+)
- EDA-funded University Centers (3)
- CA Regional Dev. Corps. (8)
- Business Environmental Assistance Centers (3)
- Conv./Visitors Bureaus (91)
- Film Commissions (48)
- Utilities
- Banks
Potential Funding Opportunities
- US Department of Agriculture
- US Dept. of Commerce
- US Forest Service
- State Health and Human Services
- State Housing and Community Development
- CalWORKS
- WIB
© CIRHM