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Journey to Growth Plan

A strategy to address the challenges and opportunities necessary to grow the Rochester region's economy. Create a regional brand and communications platform Create Leadership Teams to oversee development of the Rochester Area's target business sectors Formalize a best-practice startup acceleration program at the May Clinic Business Accelerator Develop a comprehensive graduate-retention program Identify, enhance and promote capital-formation resources Conduct a regional workforce gap Form a coalition to create a regional talent retention and attraction campaign Pursue regional transit service for high-volume weekday commuting periods etc ...

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Beam Project Type: Planning / Programming Project Phase: Available
Detailed Description

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Updates

2014-12-20

 

 

 

Misc Info

Link to Plan (secured)

Key Points:

  • 501C3 formation to drive execution of the plan
  • Staffing of agency

 

Key Initiatives Include:

  • Create a regional brand and communications platform
  • Create Leadership Teams to oversee development of the Rochester Area's target business sectors
  • Formalize a best-practice startup acceleration program at the May Clinic Business Accelerator
  • Develop a comprehensive graduate-retention program
  • Identify, enhance and promote capital-formation resources
  • Conduct a regional workforce gap
  • Form a coalition to create a regional talent retention and attraction campaign
  • Pursue regional transit service for high-volume weekday commuting periods
  • etc ...

 

Strategy
  • Leverage community partners to work on the three broad themes:
    1. Expand/diversity the regional economy
    2. Optimize the regional talent base
    3. Become a cohesive, connected region
  • Top-level Volunteer Governance
  • Coordinating entities
  • Form committees
Impacts

PlanScape: Business Process ; Children & Youth ; Diversity and Inclusion ; Economic Development ; Education ; Governance/Public Policy ; Workforce Development ; Vision/Identity

DMC: Livable City Retail, Dining & Entertainment, Arts & Culture Commercial Research & Technology Health & Wellness Learning Environment

Community Health:

Results

Results

  • An expanded and a diversified regional economy
  • A talented work force with skills that match the needs of the social, economic engine.
  • A cohesive and connected region

 

Indicators

Indicators

  • Population growth
  • Per Capital Income trending
  • Poverty Rate
  • Unemployment Rate
  • High School Graduation Rate
  • Percentage of Healthcare Employment
  • % Self-employed
  • Pre-school Student Enrollment
  • % of Adults with a BA Degrees or Higher
  • % Population Ages 25 to 34
  • Net Migration
  • Patents Per Capital (per 100 employees)

Measurements (what are actually measured?)

Performance Measures:

Theme 1: Expand and Diversify the Region Economy

  • Number of unique RAEDI website visitors (monthly)
  • Number of RAEDI followers on Twitter
  • Website click-throughs received from LinkedIn
  • Site consultant hosting event attendance
  • Total employment from relocations/Total employment from expansions
  • Number of national Startup Conference attendees
  • Student enrolled in K-20 entrepreneurial programs

Theme 2: Optimize the Regional Talent Base

  • Number of students participating in internship/job-shadowing programs
  • Number of Mentorship Programs Formalized

Theme 3: Becoming a Cohesive Connected Region

  • Regional Compact for Southeaster Minnesota signatories
  • Number of attendees to Southeastern MN Regional Summit
  • Percent of regional business served by Broadband

Status Reports Related PlanScape Status on: Business Process, Children & Youth, Diversity and Inclusion, Economic Development, Education, Governance/Public Policy, Workforce Development, Vision/Identity

October 13, 2015: Journey to Growth October 2015 Meeting at Chatfield

More than 100 representatives from area cities and economic development organizations participated in the discussion about how J2G can accomplish its mission of diversifying the workforce and promoting towns surrounding Rochester as the Destination Medical Center (DMC) initiative, a medical tourism venture, attempts to draw people to visit, work and live in Rochester. J2G is a five-year regional economic growth strategy developed by Rochester Area Economic Development, Inc. (RAEDI) and the Rochester Area Chamber of Commerce in which the cities of Chatfield and Spring Valley, among others, are partners.

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November 27, 2017: World's Best Workforce Plan goals not met

Slow progress. 5 Goals not met:  All children are ready for kindergarten, Third-grade literacy, Close all academic achievement gaps, Have all high school graduates career and college ready, Graduate all students from HS

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November 06, 2017: Groundbreaking Building 1 Discovery Square

The building will be the first of several science and research complexes that could total up to 2 million square feet in the 16-block Discovery Square area.

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November 04, 2017: DMCC approves $22M in capitral improvement projects for 2018

While the DMC EDA budget will rise from $3.5 million this year to more than $3.7 million next year, the city will contribute $122,000 less and Mayo Clinic's contribution will increase by $337,000.

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October 16, 2017: In the Shadow of Growth Forum: Pathways to Prosperity and Well-being

At the October 5 C4G forum, Paul Flesinner talked about a national pilot project to stop generational poverty and what we need to do within the current system to accomplish this now.

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October 11, 2017: What's the vision for Saint Marys Place subdistrict?

PB Reporting: "A Destination Medical Center rendering provides a potential look at the future St. Marys Place. Community input is being sought this week as a final design concept nears."

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October 09, 2017: Taylor Arena Replacement

Discussion of a proposed arena project connected to Mayo Civic Center will continue Tuesday.

The Mayo Civic Center Commission will hear a presentation from London-based PricewaterhouseCoopers regarding an analysis of a proposed sport and entertainment arena to replace Taylor Arena.

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October 01, 2017: University of Minnesota, Rochester Master Plan

PB reports "The University of Minnesota Rochester is taking another step toward its future goal of building a 10-acre college campus at the edge of downtown."

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September 30, 2017: Diversity Council Rochester Area Racial Attitude Survey

Luther College researchers released a Diversity Council presentation: At the Cross Roads: 2016 Olmsted County Racial Attitudes and Actions Survey

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September 27, 2017: Mayo Clinic Health Disparities Research Lecture by Dr. David Williams

Dr. David Williams in his Keynote Address at the Mayo Research 2017 Annual Health Equity retreat.

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Last modified by allnode on 2017/09/27
Created by on 2014/07/12

Site Information
Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that Cbeam will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, Cbeam's distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevancies with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements.

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. Cbeam could be an interesting first step.

Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
Links
Links to Beam and beam subsites: