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WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating for Industry Cluster Analysis and Development

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Page 1: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

WDC of Seattle-King County and enterpriseSeattle:

Washington Economic Development Association

2011 Spring/Summer Conference

June 15, 2011

Collaborating for Industry Cluster Analysis and Development

Page 2: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Relationship - Background• Formal Partnership

– Board and executive committee seats– Grant execution and project partnerships– Service delivery to client companies

• Informal Partnership– Information sharing– Board member/community leader sharing– Champion for each other’s mission and organization

Page 3: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Diving Deeper into Our Economy

Opportunity and Challenge:• Puget Sound Regional

Economic Strategy-Prosperity Partnership

Page 4: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

A Two-Pronged ApproachProsperity Partnership & the Regional Economic Strategy

PROSPERITY PARTNERSHIP

ACCOMPLISHMENTS

NEW REGIONAL ECONOMIC STRATEGY

FEEDBACK AND SUGGESTIONS

Page 5: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

• Understand Our Niche Expertise within Industry Clusters• Make Connections with the Companies within those

Niche Clusters• Assist in the Success of these Companies

Diving Deeper: Our Economy

Serving the mission of both organizations

Page 6: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Diving Deeper: Our Economy

Interactive Media Analysis•Convened a sector panel, developed a career map and a plan to meet long-term cluster workforce needs.•Competitive market comparisons for interactive media •Serving the industry: Academy of Interactive Entertainment

Page 7: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Interactive Media Career Map

Page 8: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Fashion and Apparel AnalysisJointly funded analysis identified:•Industry cluster impacts and strengths•Workforce needs and occupations•Emerging trends in apparel technology •Industry cluster recommendations for growth

Diving Deeper: Our Economy

Page 9: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Financial Services Analysis

Jointly funded analysis identifying:•Size and impact of the cluster in our state•Subsectors that make up the cluster•Opportunities to influence industry’s growth•Workforce opportunities and challenges

Diving Deeper: Our Economy

Page 10: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Program Data Results• Interactive Media career map• Strategic market intelligence gathered—we know our

value proposition• Understand gaps between jobseeker skills and employer

needs• Specific recruitment successes (AIE)

Page 11: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

How-to and Lessons Learned• Quantitative and qualitative• Analysis, not a study• Look for what makes your economy unique• Bring in other partners to help fund• Hold an event to announce the findings and

generate media attention• Just the beginning

Page 12: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

• Data driven• Serving multiple purposes• Leveraging each organization’s strengths

for the benefit of both

The Value of this Collaborative Approach to Understanding our Economy

Page 13: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

What Is Next

• Prosperity Partnership Update• Industry cluster activity• Industry support• Cross-sector collaboration and skills

evaluation

Page 14: WDC of Seattle-King County and enterpriseSeattle: Washington Economic Development Association 2011 Spring/Summer Conference June 15, 2011 Collaborating

Contact us!

Marléna Sessions, [email protected]

www.seakingwdc.org

Jeff Marcell, President/[email protected]

www.enterpriseseattle.org