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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 ...

Project Impact(s): Business Process, Children & Youth, Diversity and Inclusion, Economic Development, Education, Governance/Public Policy, Workforce Development, Vision/Identity

This project is in Archive Phase.

  • Please scroll the following to view Beam's understanding of the project's strategy, indicators, expected results, and monitored metrics.
  • Please click this Link to get to the mainline view of the project.

 

Collaborators, Project Type, Impacts, Related Projects

 

Collaborators 

Lead Organization: Journey to Growth Partnership

Contact: Heather Holmes ; Email: [email protected] ; Phone: TBD

Known/Likely Collaborators: Albert Lea Economic Development Agency (ALEDA) ; Diversity Council ; Journey to Growth Diversity and Inclusion Committee ; Journey to Growth Partnership ; Port Authority of Winona ; Red Wing Port Authority ; Rochester-Area Economic Development Inc (RAEDI) ; Rochester-area Chamber of Commerce ; Southeastern Minnesota League of Municipalities (SEMLM)

Potential Collaborators: Community Networking Group (CNG)

Related Projects

Community Health Assessment Process ; Create a regional brand and communication platform ; Destination Medical Center (DMC) ; Rochester Master Plan (2010) ; SE Mn Together: A regional community growth initiative ; Update Intercultural Cities Initiative (ICI) Index ; We are More

Impacts 

Major Impact:  Economic Development

PlanScape Impacts :

Level 1: Business Process, Children & Youth, Diversity and Inclusion, Economic Development, Education, Governance/Public Policy, Workforce Development, Vision/Identity

Level 2: Education, Education, Business Process, Civic Engagement, Children & Youth, Diversity and Inclusion, Economic Diversification, STEM, Vision/Identity, Workforce Development

DMC Impacts:

Livable City, Arts & Culture, Technology, Health & Wellness, Education/Learning Environment

Community Health Impacts:

Type of Project

Planning, Programming  

 

 

Detailed Description

Links:     RAEDI Website on J2G

 

Presentation

 

 

 

Updates

2014-12-20

 

 

 

 

Misc Info

 

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

 

Expected 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

 

 

Outcome 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)

 

Metrics

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

 

 

Last modified by allnode on 2023/10/27
Created by on 2014/07/12

 

 

 

Site Information
Project Phase 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.
About Beam

Community Beam (dmcbeam.org) is a registry of private and public resources (organizations, projects, initiatives, programs) that underpin economic and social developments of greater Rochester:

  • 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 dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org'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 relevance 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. dmcbeam.org could be an interesting first step.

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