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IPEP Announces Underwriting of a New Economic Development Roadmap Analysis for Iowa

Posted on: September 17, 2013
For more information contact:
 
Tina Hoffman, Iowa Economic Development Authority
Ph: 515.725.3150 or Cell: 515.783.8225
 
IPEP announces underwriting of a new economic development roadmap analysis for Iowa
 
September 17, 2013 (DES MOINES) -- The Iowa Partnership for Economic Progress (IPEP) -- the state’s CEO-level, industry-led advisory board co-chaired by Governor Terry Branstad and Lt. Governor Kim Reynolds -- has commissioned the Battelle Technology Partnership Practice to re-examine and re-envision Iowa’s economic development roadmap. 
 
Working with the Iowa Economic Development Authority (IEDA) and regional economic development organizations around the state, this comprehensive study will review Iowa’s industry drivers and potential growth opportunities. The study will also look at how the state has fared in advancing innovation, job attraction and retention since the last roadmap was developed in 2004-2005.
 
“Our charge as members of IPEP is stay on top of economic trends that will affect Iowa’s economy and to create an economic development strategy for the state,” said Bill Fehrman, president and CEO of MidAmerican Energy and IPEP board member. “Although our members bring much of that knowledge to the table as leaders in their respective industries, having a third-party source conduct a comprehensive analysis of the state’s resources, assets and existing gaps, will give us a foundation of quantitative and qualitative data on which to base our strategy development.”
 
The analysis will take place over the next 12 months, with kick-off meetings occurring with key stakeholders beginning in September. The specific objectives IPEP is seeking to meet through this effort include:
  • Assessing the current position and recent trends in Iowa’s existing and emerging industry clusters across innovation, business attraction and business retention;
  • Identifying where Iowa has the capacity to grow in specific market niches relating to its existing and emerging industry;
  • Assessing the progress of past industry cluster strategies in Iowa and other economic development programs to identify gaps and provide insights on how better to streamline, revamp and integrate economic development efforts to better advance innovation, business attraction and business retention;
  • Developing population, workforce and talent generation, retention and attraction strategies broadly for supporting Iowa’s economic development efforts as well as focusing on specific requirements for key skill sets of its key industry clusters;
  • Assessing other development assets in Iowa critical to advancing the industry clusters and sustaining the growth of its targeted industry clusters and broader economy; and
  • Developing a forward-looking roadmap for Iowa’s economic development that focuses on advancing specific and tailored development plans for the targeted industry clusters and their related growth opportunities across innovation, business attraction and retention as well as addressing cross-cutting economic development priorities focused on strengthening Iowa’s economic development tools and development assets.
 “With job creation and increasing wealth for Iowans as our top priorities, it is critical that we know where we’ve been and where we are headed so that we can maximize Iowa’s opportunity to successfully compete for economic development projects,” said Debi Durham, director of IEDA. “We are excited to work alongside the IPEP board to advance this effort that will be an essential component to our ongoing economic development strategies.”
 
The Battelle study will be funded through support from private-sector entities and is expected to cost approximately $400,000. 
 
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Note to Media:
Bill Fehrman and Debi Durham are available to speak to media regarding the study. To arrange interviews, please contact Tina Hoffman at tina.hoffman@iowa.gov or via phone at 515.725.3150 or cell 515.783.8225.
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