Document

Report
ECONOMIC EMPOWERMENT FELLOWS- MANSFIELD CENTER
APRIL 12th, 2013
WHO WE ARE
Missoula Economic Partnership is a broad, collaborative effort of more
than 30 strategic partners and 80 business, individual and government
investors, all of whom share a vision of a vibrant, growing and
diversified regional economy in Western Montana.
WHAT WE
DO
Missoula Economic Partnership serves as a
centralized resource to accelerate the growth of
existing and startup businesses and attract relocating
businesses to Missoula County.
OUR
GOALS
• Create 2,500 new primary
jobs, paying a sustainable
wage rate of $37,000/year
• Increase capital investments
by $150 million
• Encourage 25 new business
startups with innovative or
tech-related concepts
• Recruit 25 “best-fit”
companies to relocate or
expand to Missoula
OUR STRATEGY
BUSINESS EXPANSION & RETENTION
BUSINESS START UP
BUSINESS ATTRACTION
BUSINESS RETENTION &
EXPANSION
The Partnership provides direct, prescriptive strategic
planning consultation to local businesses. We direct
specific programs aimed at helping businesses grow:
Business Visitation
A2B Business Mentoring – free, individualized mentorship
from experienced business experts
Innovation Initiative
Air Service Task Force – low-cost carrier attraction, intrastate
service expansion, with aim of reducing business travel costs
START UP ASSISTANCE
MEP Angel Network – connects Missoula-based
investors with local, growing companies
Innovation Initiative – brings together a variety of
businesses and entrepreneurs to connect with one
another and obtain guidance from seasoned
business professionals
BUSINESS ATTRACTION
Life Sciences
Back Office & Creative Professional Services
Information Technology
Forest Products & Renewables
Manufacturing
STRATEGIC
PARTNERSHIPS
Missoula Economic
Partnership fosters
connections between the
business community and
multiple strategic
partners.
Our partners include
public, private and
nonprofit organizations.
RESOURCE EXAMPLE
Economic Gardening- Strategic marketing and high-level technical assistance
grant for growth oriented entrepreneurs creating primary economic growth and
jobs. Administered by BREDD.
Benefits to Businesses
 Strategic growth planning assistance and high-level market research
provided by qualified professionals, matched with companies based on
areas of expertise
 Objective recommendations provided by unbiased, third party service
providers
 Bridges are built among diverse resource providers and businesses,
allowing for increased depth and breadth in networking, collaboration
and innovation
 Develop connections between businesses and the people and
organizations that can help take them to the next level
END OF PART I
QUESTIONS?
STATE
RESOURCES
“No amount of programmatic
support will change a bad business
model into a good one.”
“Incentives are a race to the
bottom.”
STATE FUNDING
Job Creation
Training
Planning
MONTANA PROGRAMS
• Big Sky Economic Development Trust Fund (BSTF)
Category I & Category II
• Workforce Training Grant Program (WTG)
• Community Development Block Grant (CDBG)
• Montana Board of Investment Infrastructure Loan
• Montana Board of Investment Loan Participation
• Montana Technology Innovative Partnership (MTIP)
STATE (continued)
• Montana Board of Research & Commercialization
Technology (MBRCT)
• Indian Country Economic Development
• Micro-Business Loans
STATE
(cont.)
FEDERAL
FUNDING
• Growth Through Agriculture Grant
• Growth Through Agriculture Loan
• Small Business Innovative Research Grant
• Small Business Technology Transfer
STATE
FEDERAL
(Cont.)(cont.)
• Economic Development Revolving Loan Fund
• Small Business Administration 7A, 504, Int’l. Trade
• Rural Development Rural Business Coop
(cont.)
OTHER / STATE
ALTERNATIVE
• Montana CDC
• City / County
• Angel
STATE (cont.)
WHAT ARE
YOUR
MOST
EFFECTIVE
TOOLS?
STATE
(cont.)
TELLING
OUR
STORY
STATE (cont.)
CUSTOMER
SERVICE
(cont.)
BEST FITSTATE
INDUSTRIES
TARGET INDUSTRIES FOR MISSOULA 12-19-11
INDUSTRY
UM Programs
Referenced Referenced
(For
by Garner by Statewide Workforce,
Inc
US Dept
Report
Report
Alum Connect) Magazine Labor IBISWorld
HEALTH (Bioscience, Pharma, Research, Health
Network Consolidation, Technology Related to
Record Keeping…)
Medical and Pharmaceutical Wholesaling
1
Health Care practitioners and Technology
1
0
Personal Care and Service/Home Health Care
Bioscience/Biotechnology
0
1
0
What We
Know
Anedotally
Tabulation
1
3
Biomedical and pharma doctorates from UM
1
5
Streamlining patient care through digitized medical
records, online hospital communications etc, virtual
education
Comment
Missoula-Based
Companies In This
Industries (See
Assoicated Index)
1
0
0
Appendix 1 Medical Pharm
Whls
1
1
1
1
1
1
1
1
5
Cognitive fitness computer programs, Community Care
Appendix 3 Facilities for the elderly, Bill Moody, USDL #3 growth ind Home Health Care
1
1
1
1
2
7
In Garner Report under Creative Professional Services
(computer systems design, marketing consulting,
architectural services, physical engineering and biological
research, advertising agencies). In spite of the
substantive level of industry related-activity in the
western half of the state, Montana does not have a
medical school. The significant issue facing the life
science cluster is lack of risk capital.IBIS World shows
9.6% growth $86B Industry
Appendix 2 Healthcare & Tech
Appendix 4 Bioscience /
Biotech
MESSAGING TO THE WORLD
Missoula
Economic
Partnership
provides one of the
most
comprehensive
economic
development
websites. Visit our
website for
detailed
community
information, sector
reports and other
resources.
SPEAKING
THE
LANGUAGE
QUESTIONS
& ANSWERS

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