Regional Economic Strategy – Opportunities Workshop Recap

On October 5, more than 75 community leaders gathered for an Opportunities Workshop at the Dome Room at the Arctic Club in Seattle. This workshop is an important element in the update to the Regional Economic Strategy, which relies on a comprehensive economic data analysis and a consensus-based strategic planning process.  

“The Prosperity Partnership’s strength comes from our partners,” said Bob Drewel, Executive Director of the Puget Sound Regional Council, “and they came together to share their best ideas on how we can shape the economic future of our region. We appreciate our partners continued efforts to advance regional economic development planning.”

Workshop participants enjoyed hearing about the research and data gathering being completed to help inform the update to the Regional Economic Strategy. TIP Strategies began with an occupational analysis to identify talent clusters to compare to the existing industry landscape. This analysis will help identify programmatic strategies the region can use to better support job growth and local industries. Occupations were measured by eight criteria, including job quality, critical mass, momentum, stability and outlook. Aerospace, Logistics and Infrastructure, Information Technology, Life Sciences, Business Support and Social Development emerged as the most promising from this analysis.

Promising occupational clusters and how they relate to industry clusters

Breakout roundtable discussions formed around economic opportunities that exist in the region and how to take advantage of them. Discussion topics included opportunities related to main economic drivers such as talent, innovation, industry, infrastructure and other regional assets. These discussions will help guide the development of the Regional Economic Strategy.

Working groups were formed on these topics: higher education and workforce, aerospace, business climate, physical infrastructure, and entrepreneurship and innovation. They will meet over the next few months to help further define strategies.

Stay tuned for more information on the Regional Economic Strategy update, which is scheduled to roll out in 2012.

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