There are No Shortcuts and No Silver Bullets Asset-based Development Strategies for the “The Other Ohio” Ned Hill Professor of Economic Development
The slow strangulation of decline … but decline in what? • Learn from boiled frogs • If a place is not nice then it is dying • If locals do not invest neither will people from away • Success depends on playing the long game & having a widely held strategy
Community development necessary; not sufficient David and Richard Stradling. Where the River Burned. Cornell University Press, 2015
Playing the Long Game Provide immediate results & respond to crisis and politics Provide two types of investments Invest in people Invest in the Place ~ municipal corporation • Access • Anchor institutions • Infrastructure • Safety • Justice • Honesty • Respect
Six ingredients Economic purpose Delivering the Basics Education Leadership Vibrancy Diversity
Catalysts of distinction Pride of place Plug and play social structure Trust Energy – people, not oil Civic risk taking and resilience Citizen engagement
Five Developments Commercial and Industrial Real Estate Community Development Economic Development Workforce Development Housing Development
Ten Guidelines • Find your own compass Adapt, do not Adopt • Decline cannot be managed What can be managed? Reimagine Reposition Reinvest
Ten Guidelines • Community counts; Cynicism kills • Optimism rooted in reality reduces risk
Ten Guidelines • Regions mater: Strategies differ by Size region and community, Assets, & Location • Understand your anchor institutions How location adds value to anchor How anchor contributes value
Ten Guidelines • Discover what is unique and build from there • Make no little plans; Make feasible & actionable plans
Ten Guidelines Revitalization is a long journey • Share the map widely • Mile markers consist of physical signs of achievement
Six questionsDoes your community have answers? • Are you distinctive? • Are you proud of who you are and what you can become? • Do you embrace newcomers? • Are there 3rd places & spaces? • Are you willing to invest in your own future? • Are you connected to the external economy?
No one would remember the Good Samaritan if he only had good intentions; he had money as well.” • ~ Margaret Thatcher January 6, 1980 But, it takes ….
Edward (Ned) Hill, Ph.D.Professor of Economic DevelopmentJohn Glenn College of Public AffairsOhio Manufacturing InstituteHill.email@example.com