"#$%&'()* +,-, . Prepared By 30 January 2010 Whitney R. White
Introduction
Today the United States is well into one of the greatest recessions in its history and the result of this long- term dilemma has been the reduction of, or outright loss of businesses and jobs. These losses have put a considerable strain on the economy and services at every level, impacting everything from a steady tax base, to housing, healthcare and education. A contributing factor is the loss of manufacturing and a lack of resources in developing innovative domestic policy consisting in part, with the development of conduits into global markets for underserved and underutilized communities.
State and Local governments are finding it increasing difficult to provide the same level of services and supports for their stakeholders and require solutions that do not call for mass expenditures of public funds, while simultaneously providing social and economic supports.
These trends are profound for most Americans and for the communities in which they live, especially for underserved and underutilized communities. Strategic and innovative action is paramount to job creation economic development and standards of living improvement. It is necessary to create a cooperative policy approach that incorporates local government-corporate-NGO driven partnerships. The focus on future opportunities and steady/consistent economic improvements for underserved/underutilized communities, populations and businesses will rely on access to global economies.
The Issue
Federal, State and Local governments all are experiencing the same problems, underfunded current programs and/or a lack of funding for new commerce and workforce development programming. There are many great organizations that assist government(s) on economic development platforms, such as, Chambers of Commerce, non-profit economic and social development organizations. Whats missing in many areas of the country are keystones that bring all of these groups together on a common path, a path where all mission statements are fulfilled in a symbiotic manner.
A keystone to the development of export and trade policy at not only the Federal and State levels, but at the local and corporate level is to change the thinking that a corporate approach to globalization is one devoid of cooperation and coordination with local government. While corporations and local governments will regularly discuss job creation (or loss), taxes and other incentives, rarely are common goals and unified ways of achieving business expansion discussed.
With that said, I am embarking on a goal to start a non-profit 501(c) 4, that will challenge the status quo and offer policy and market-driven solutions for local governments and businesses while over the next decade, including underserved and underutilized communities, businesses and populations, a 20% market share in the projected expansion of U.S. exports and trade.
Initiatives and programming supports will focus on the promotion and development of trade and related economic, industrial, commercial and residential projects development; workforce education and training in global markets, trade and the facilitation of access to finance primarily for small and medium enterprises looking to enter or expand in the global marketplace.
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APPROACHES TO CONSIDER IN EXPORT LED INDUSTRIALIZATION AND REGIONAL POLICY DEVELOPMENT: Policy Creation: To create, promote and implement local trade and economic policy, along with key resources and access points, aimed at speeding up the industrialization process. This is realized in part by: Project Development initiative: Improving upon the best intentions and practices of early 20 th century company town models, with the creation and connection of a network of U.S. Export and Trade Centers and inland ports, which will serve as centers for small and medium business incubation and growth, inclusive of residential-commercial-industrial development and new workforce opportunities for veterans, ex-offenders, disabled, transitional and welfare populations in the immediate area. Connecting these new sites with existing ports will increase port business and provide deeper penetration and greater economic impact for the nations ports into long underserved and underutilized local U.S. economies and infrastructures. Finance initiative: Working with financial institutions will provide access to capital for industrial, commercial, residential and business development focused on domestic and global trade related economic development. This proves as a win-win, because based on the approach, banks will open business lines without necessarily taking on trade financing risks, as the portfolio will typically be brick and mortar deals banks are accustomed to, while businesses will have additional access to capital due to risk mitigation led by public-private partnerships. Education and Workforce Development: Development of partnerships with Universities, local school boards and training centers will educate current and future globally competitive workforces, inclusive of the transitional, disabled, veteran, ex-offender or recent graduate worker. Community Centers of Influence: I first introduced this term at the post Katrina Hurricane conference in Mobile Alabama in 2006 and the idea was quickly adopted by the Conference led by the National Oceanographic and Atmospheric Administration. The idea identified and for the first time in the twenty- nine year history of the nationally adopted emergency communications model, changed this model to include faith-based institutions. Presently expanding on that model I envision faith-based institutions as a great resource for underserved and underutilized workforces and access to small and medium business leaders. In Closing Think Tanks are not a new concept. However, the approach envisioned will focus on the inclusion of underserved and underutilized communities in the global economy while employing the uses of market driven development, governmental policy and economies of scale cooperation and entrepreneurial led philanthropy. This will provide state and local administrators, educational systems and businesses additional resources, expertise and leverage in new and innovative approaches to fiscal relief, workforce development and business expansion.