REGIONAL Economic Summit

Agenda

Please click here for a .pdf of the Program Agenda.

Please click here for a .pdf for a Brochure of the event.

Below is a synopsis for the Regional Economic Summit Program:

Thursday, November 20, 2008:

Summit Kickoff:

Rich Karlgaard, Publisher of Forbes Magazine – The Global & U.S. Economies and Markets
Where are the U.S. and global economies going and what will be the new-economic environment our region must compete against? The Cheap Revolution is here, and it changes everything we thought we knew about global competition. What will America’s position be in the 21st century economy? How will talent and capital flow predict innovation? What are the four technology trends that govern all others? What will be the global organization of the future? These questions will be answered in this session. SPONSORED BY VECTREN.

Lunch:

Dr. Mohammed Khayum, Economist and Dean of the USI College of Business – Our Region’s Economy
This presentation defines our region’s economic base, its interdependences and competitiveness to the U.S. and World economies. If continuing on the same economic track, what will be our growth compared to the national economy? What are the base industries that represent our next generation of world class growth? How well is the region prepared to provide the environment and nurturing necessary to grow these new industries?  SPONSORED BY REGENCY PROPERTIES.

In the afternoon, ten individual sessions will take place focusing on these three categories:

• Community/Economic Development Sessions
• Company/Corporate Sessions
• Individual/Entrepreneurial Sessions

1:45-3PM

How to Incorporate Entrepreneurial Strategy into Your Economic Development Program 1.1 This session is part-one of the examination of how entrepreneurialism and its mind set can fit within the framework of an economic development strategy. -Dr. Larry Cox, Associate Professor of Entrepreneurship, School of Business and Management, Pepperdine University [Community/Economic Development Session]

Digging Deeper into Regional Data and How to Measure Success 1.1 This session examines in greater detail the facts of the region and each individual county, and what they mean for business opportunities, economic development and a growing economy. -Dr. Mohammed Khayum, Dean, College of Business, University of Southern Indiana [Community/Economic Development Session]

Attracting and Retaining the Resources Necessary to Be Competitive in the New Economic World Environment
This session addresses the challenge of attracting and retaining talent while trying to manage the blending of different generations into one productive workforce. Nadira Hira will discuss strategies various companies are using to attract and retain talent from the various generations. -Nadira Hira, Writer, Fortune Magazine [Company/Corporate Session]

Idea to Market – How the Entrepreneur Takes the Next Big Idea and Moves It to Commercial Success
The budding entrepreneur knows he or she has the next great idea that will revolutionize the world and make millions, but what then? This session outlines the resources, talents and environments that best help the entrepreneur succeed as well as identify the biggest distractions and heartaches to overcome. -Mark Long, President, Long Performance Advisors [Individual/Entrepreneurial Session]

3:13-4:30PM

How to Incorporate Entrepreneurial Strategy into Your Economic Development Program 1.2
This session is part-two of the examination of how entrepreneurialism and its mind set can fit within the framework of an economic development strategy. -Dr. Larry Cox, Associate Professor of Entrepreneurship, School of Business and Management, Pepperdine University [Community/Economic Development Session]

How Communities and Business Can Work Together in Economic Development
This session will feature one of the country’s best examples of how a state, community and higher education institutions joined with a global company to ensure that the company remained in the community. The presentation will describe how these groups came together to meet the needs of the company and community making way for a $1 billion investment. -Mark Giuffré, Group Public Affairs Manager, UPS Air Collaborative Team of Louisville, KY [Company/Corporate Session]

Americas Coming Heartland Boom
Would you (or your employer) be happier if you lived somewhere else? A place where the quality of life is greater than the cost of living? This session is designed for state and city economic planners, real-estate developers, human-capital managers and anyone interested in American regional growth patterns; and, will examine which American heartland cities and regions will prosper, what talented workers really want, why global trends and U.S. demographics favor small city revival, why the 2008 elections favored smaller states, eight secrets of thriving small and medium cities, and the one secret that matters most – why states and cities should develop entrepreneurs and not chase jobs. -Rich Karlgaard, Publisher, Forbes Magazine [Individual/Entrepreneurial Session]

4:45-6PM

Brain Drain – Good Regional Strategies to Overcome the Loss of Our Educated Youth
Our communities are facing educated young talent leaving for the “big city lights”. How does our region retain local talent and attract newly educated workers? With the coming retirement wave, companies are facing the loss of better knowledge and experienced staff while our universities are seeing their graduates leave our region. Nadira Hira will give personal insights to her experiences and moderate a panel of employers, college placement officials, and recent graduates who have elected to leave as well as those who elected to stay in our region. -Nadira Hira, Writer, Fortune Magazine [Community/Economic Development Session]

Entrepreneurialism in Today’s Established Company: How a Company can Nurture and Foster Entrepreneurialism
How can a company embrace, nurture and foster entrepreneurialism in the face of old-line management and traditional ways of doing business? This session examines successful examples of companies that have made this transformation. -Panelist 1: Hank Menke, President and Owner, OFS; Panelist 2: Hugh Haydon, Chairman and CEO, Kentucky Bio Processing; Panel Moderated By: Dr. Cheryl King, President, Kentucky Wesleyan College [Company/Corporate Session]

Entrepreneurial Resources and Real Life Success Stories Available to America’s Entrepreneur
Assistance, guidance and help are available from various resources including local, state and non-profit agencies at little or no expense. This session identifies the assistance available to entrepreneurs within our region as well as provides advice and insight from real entrepreneurs.
-Panel Moderated By: Dr. Larry Cox, Associate Professor of Entrepreneurialism, School of Business and Management, Pepperdine University; Jim and Linda Baird, Owners, Little Kentucky Smokehouse and Fresh Meal Solutions; Warren Ribley, Director of Operations, Illinois Department of Commerce and Economic Opportunity; David Gard, Deputy Director, Indiana Economic Development Corporation; Anne Chaney, Executive VP, Community Ventures Corporation [Individual/Entrepreneurial Session]

6-7PM

Join us for an hour of cocktails and networking. This is the perfect opportunity to meet other professionals in our 26-county region and our speakers.

7-9PM

Dinner and Keynote Speaker

James Bullard, President, Federal Reserve Bank of St. Louis – “A Personal View of the Current Economic Environment”
Jim Bullard, with a doctorate in economics from Indiana University, has studied and published numerous scholarly papers on monetary policy, economic stability, and the central bank, as well as many other economic subjects. Recently he wrote about the current economy, the Federal Reserve’s facilitation of the takeover of a failing financial institution, and the market’s concern of a systemic failure. With his broad and in-depth scholastic studies, years of experience with the Federal Reserve as deputy of research for monetary analysis, and now as the chief executive officer of the Federal Reserve Bank of St. Louis, Dr. Bullard’s personal views will provide a captivating presentation. SPONSORED BY OLD NATIONAL BANK.

Friday, November 21, 2008

The second day of the event will focus on our Community and Economic Development Professionals.

7:30-9AM

Breakfast with Site Selectors
Current Trends in Logistics and Advanced Manufacturing Industries Site Selectors
Current Trends in the Site Selection: What are they looking for in Logistics and Advance Manufacturing? More often than not, the final decision of a company to locate, expand or move from a community is impacted by a site selector. This segment invites professional site selectors to identify what they are looking for in a community and the region when making a recommendation to their client. -Jim Colson, President of Site Selection, AngelouEconomics; Mark Williams, President, Strategic Economic Development of Columbia, South Carolina.

9:15-10:30AM

Funding & Structures for Local and Regional Economic Development Organizations
This session examines looks at current trends in the organizational structures of local and regional economic development corporations; how and what economic development services they deliver; and, their funding mechanisms. From public to private funding to local and regional strategies, this informative session will share best practices of both large and small economic development organizations from throughout the U.S. -Mark James, Founder and CEO, Ed Solutions, Inc.

An Example of Successful Regional Economic Development
Southeast Iowa, northeast Missouri and western Illinois have undertaken regional collaboration for the purpose of bringing together their tri-state area leaders to define common issues, to develop an on-going dialogue to effectively address those issues, and to improve the quality of life of their entire tri-state region through economic development activities. Jim Mentesti and Shelby Crow will address their experience of developing a regional collaborative environment in three states with an environment similar to that found in our region of Illinois, Indiana and Kentucky. -Jim Mentesti, President, Great River Economic Development Foundation; Shelby Crow, Visiting Extension Unit Educator, Community and Economic Development of Illinois; Hal Johnson, President/CEO, Upstate SC Alliance

10:45-NOON

The Memphis Experience – An Example of Regional Collaboration Sharon Younger, who already has experience in our region by her work on I-69 economic impact studies, shares her experience working with the Memphis, TN region in its development of a regional economic and workforce collaborative effort. She describes the accomplishments, struggles, challenges and recommendations. -Sharon Younger, PhD, President, Younger Associates, LLC

How to Market Your Community to Site Selectors
With today’s transparent and readily accessible data, a site selector has already qualified your community as a contender for their client before they make their first call to the economic development executive. How should you be sure your best foot is forward and easily accessed prior to your knowing you are being reviewed? This session examines how to promulgate the very best attributes of your community, to have developed ready access to that information. -Andy Mace, Principal Consultant of Supply Chain Consulting, Cushman & Wakefield of PA, Inc.; Eric Stavriotis, Vice President of Strategic Consulting, Jones Lang LaSalle

12:15-1:30PM

LUNCH with Site Selectors
Current Trends in Bio, Life, Science and Energy Industries Site Selectors
More often than not, the final decision of a company to locate, expand or move from a community is impacted by a site selector. This segment invites professional site selectors to identify what they are looking for in a community and the region when making a recommendation to their client. This session is with site selectors from bio, life science and energy industries. -J. Wood Hydrick, Associate Principal Consultant, Cushman & Wakefield Global Consulting; Michael Trentel, Partner, Silveron Capital