Prosperity Strategies Publications
The Talent Imperative for Regional Growth
Randall Kempner contributed a chapter entitled “The Talent Imperative for Older Industrial Areas” to the 2008 volume, Retooling for Growth: Building a 21st Century Economy in America’s Older Industrial Areas.
In Retooling for Growth, experts present new frameworks, cutting-edge analysis, and innovative policy solutions through which the nation’s government, business, civic and community leaders can sculpt a sustainable and supportable economy for older industrial areas. The unique focus on rehabilitating weak market cities outlines ideas for reshaping the role of public agencies, the workforce, business organizations, and technology.
Kempner’s chapter on “The Talent Imperative for Older Industrial Areas” lays out the imperative for all regions, old and new, to develop, retain, and attract talent as a primary economic development strategy. The chapter provides recommendations for all three facets of building a talent-rich region.
People-based Economic Development Strategies: Regional Imperatives in the Innovation Economy
In this short white paper, Randall Kempner discusses the shift from traditional economic development strategies based on physical and financial assets to those based on skilled people. Five key imperatives for economic development strategies in an knowledge-based economy are presented and explained:
- Focus on building talent, not attracting companies
- Develop local talent before attracting outside talent
- Protect and improve regional quality of life
- Cultivate a dynamic, tolerant culture
- Get connected: partnerships and networks are required
Randall Kempner, representing the Council on Competitiveness, speaks to the nation’s governors about what states can do to support innovative regions. Drawing from the people-based economic development white paper above, the presentation outlines steps that states and regions should take to compete effectively in the international economy. Audio and video are available.
City of Austin Mayors Task Force on the Economy: Cultural Vitality and Creative Economy Report
This report was prepared by Prosperity Strategies for the City of Austin as part of city-led economic development initiative in 2003. The report defines a culturally dynamic region by describing the three As and three Ds of cultural vitality: accessibility, affordability, applause, distinctness, dynamism, and diversity. The report outlines an approach for cities and regions to foster their creative economies.