Rich Overmoyer was invited as a featured speaker at Industry Week's Expansion Management event Rountable in the High Desert. Rich addressed the audience of economic development professionals from around the country on the latest trends that Fourth Economy is seeing in economic development. He met one on one with dozens of participants to share advise on ways they can positon their communities for future job growth.

1. Location Decision-Making Trends
Presented by Rich Overmoyer, CEO
October 2011

2. “Necessity,
who is the
mother of
Invention.”
:: Plato
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3. In my state,
we’ve created a lot of JOBS
Cost Based – Job Creation
Production Driven – Cost Sensitive
Low Skill – Limited Investment
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4. In my state,
we’ve created a lot of WEALTH
Place Based – Wealth Creation
Knowledge Driven – Value Sensitive
Skilled Workforce – Community
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5. Infrastructure Investments
 Need to think beyond access roads
 Cost of operations are impacted
 Not all news if good news
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6. Community is Infrastructure
 Where will the employees live?
 Attracting talent takes a broad view
 Transportation is a critical variable
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7. Water Poor
 Clean water availability will drive growth
 Cost of water is an increasing decision point
 Climate change impacts
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8. Water Rich
 Tap into Erie (PA)
 Milwaukee Water Council
 Global Investment Opportunity
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9. New Priorities
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10. Human Networks will
Drive Future Growth
IBED Economic Gardening
Onshoring Sustainable Communities
 Innovation-based economic development is understood
 Grow your own will have big impact
 Low wages = low quality
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11. Treating the Patient
 Loss of patents  University
 U.S. tax laws partnerships
 Medical devices  R&D venture funds
 Health care reform  Startups
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12. The Glass Half-Empty
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13. Energy: An Imbalanced Portfolio
 Shale Gas and its upstream and
downstream impacts
 Renewables are now mature – they have
bad press
 Missing opportunities to advance a
strategy
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14. Medicine is Showing Results –
Clinical Trials Continue
 Double down on business calling
 Support launch of spin outs
 Responsive transformation can create strength
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15. Upside of Downsizing
 It takes a village…
 Smart people fail all the time
 Safety nets work for people
pushed as well
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16. If you are Alive…
…You are Doing Well
 Class of 2011 is graduating in a challenging
environment
 Specialization is primary driver for growth
 Integration is opportunity and challenge
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17. When I Grow Up, I Want to
Take out a Second Mortgage
 A silver lining to the recession:
start up rate highest in 15 years
 But! Entrepreneurs are goin’ at it
alone
 Capital from the Coasts
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18. The Aftermath of the Recession
Continues to Teach Lessons
Source:
Bureau of
Labor Statistics
(via New York Times)
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19. Sustainable Investment
Can Slow the Bleeding
Source:
Bureau of
Labor Statistics
(via New York Times)
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20. The New Reality in Economic
Development Has Not Yet Set in
Source:
Bureau of
Labor Statistics
(via New York Times)
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21. U.S. is Still Innovation Hub
 Colleges and Universities are able
to drive economic growth
 Global import of talent must be
allowed to stay
 More global expansion provides
new markets
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22. Grow and Keep Your Own
 Economic gardening
 Coastal migration is slowing
 Manage political excitement
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23. Control Your Brand
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24. What is the Fourth Economy?
 Recognition of interconnection
 Long-term horizon
 Equality of investments
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