The Next Washington

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The Next Washington Washington State Economic
Development Commission A Long-term Framework for
Growing Jobs Incomes in a Global
Economy September 10, 2008 Puget Sound Regional
Council Seattle, Washington
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Multi-Sector Composition of WEDC

• Chair, Melanie Dressel, Columbia Bank
• Vice Chair, Steven Van Ausdle, Walla Walla
  Community College
• Constance Bacon, Port District
• Rep. Barbara Bailey, Ranking Member, Committee on
  Community and Economic Development and Trade
• Rick Bender, Labor, AFL-CIO
• Tony Bonanzino, Hollister-Stier Laboratories
• Jack Breese, Washington Advisory Group
• John Gardner, Washington State University
• Juli Wilkerson, Director, Community, Trade
  Economic Development
• Sen Joseph Zarelli, Ranking Member, Economic
  Development, Trade and Management

• Sen. Jim Kastama, Chair, Committee on Economic
  Development, Trade and Management
• Bruce Kendall, ADOs, Economic Development Board
  for Tacoma-Pierce County
• Rep. Phyllis Gutierrez Kenney, Chair, Committee
  on Community and Economic Development and Trade
• Roger Knutzen, Knutzen Farms
• Karen Lee, Commissioner of Employment Security
• Eleni Papadakis, Director, Workforce Training and
  Education Coordinating Board
• H. Stewart Parker, Targeted Genetics Corporation
• Michael Sotelo, Approach Management Services

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Economic Development Commission (Legislative
Charter)

• Develop a comprehensive economic development
  strategic plan to guide the operation of
  effective economic development programs,
  including workforce training, infrastructure
  development, small business assistance,
  technology transfer and export assistance.

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Our Vision

• Make Washington State the most attractive
  creative and fertile investment environment for
  innovation in the world as a means of achieving
  long-term global competitiveness, prosperity and
  economic opportunity for all the states citizens

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Ramping Up Innovation Capacity

• Next Washington
• Global Competitiveness Council
• System Direction for Community Technical
  Colleges
• Higher Education Board Strategic
• Scoping Regional State Innovation Strategies
• Benchmarking WA Competitiveness
• Industry Cluster Studies
• Economic Development Program Inventory
• Plan Prosperity Partnership
• Stars Initiative
• Innovation Partnership Zones
• Life Sciences Discovery Fund

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WEDC Working Groups (in orange)
GOALS The outcomes we are seeking economic
growth, productivity, employment, higher incomes,
sustainability, competitiveness,
STRATEGY How we will get there aligning and
coordinating with institutions for collaboration
DRIVERS Enabling growth of industry, talent and
geographic clusters
Investment And Innovation
Talent And Workforce
Infrastructure
FOUNDATIONS The pillars of innovation and 21st
Century competitiveness and economic development
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Working Group Tasks

• Where do we stand competitively relative to other
  regions?
• What are the drivers of future prosperity?
• What public and private policies, programs and
  initiatives can make WA do better?
• Who are the actionaries that will implement? How
  should leaders of regions, business sectors,
  education, workforce and the public collaborate?
• How will we measure success?

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New Conditions--New Challenges

• An interconnected and more competitive world3
  billion new capitalists
• Other nations are replicating US competitive
  advantagesmanufacturing now, knowledge
  industries in the future.
• Global brain race--creative workforce is
  virtually infinite.
• Innovation is in fluxacross geography, industry,
  time and scope.
• Success requires a long-term talent driven
  economic development strategy focused on
  knowledge creation and innovation.

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The Innovation Economy
Capital
Knowledge
Labor
Agriculture Industrial Knowledge
Land
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Innovation EcosystemMajor Subsystems and Linkages
Macro-Economic Conditions
Public Policies
RD
Value
Business Models
Market Demand
Talent
Capital
Networks
Mindset
Infrastructure
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Key Considerations

• How best to organize the state system to ensure
  that the states economic development efforts
• organized around a clear central mission
• focused and flexible to changing economic
  conditions
• generate greater local capacity
• no administrative barriers to efficiency and
  effectiveness
• maximize results through partnerships and
  intermediaries
• increase accountability
• Address potential value of creating or
  consolidating specific programs

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Connecting regions to global economy each other
expanding Innovation Ecosystems
Points of Collaboration
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It is not the strongest of the species that
survive, nor the most intelligent, but the ones
most responsive to change. Charles Darwin