2020 DAVIS PROSPERITY PLAN CONNECT, CONVENE AND FACILITATE THE UNIQUE RESOURCES AND STRENGTHS OF DAVIS, CA TO ACCELERATE JOB CREATION AND NEW INVESTMENT THAT IMPROVES OUR COMMUNITY’S QUALITY OF LIFE. A living document developed, utilized and constantly refined as a strategic development strategy for our organization, a call to action to our membership and community, and a framework for mutually beneficial partnership with the 6-county Capital region to pursue five primary objectives: enhanced membership value, strengthened community relations, cultivation of economic vitality, engagement in local and regional advocacy, and growth & retention of a world class workforce. 2014 – 2020 Prepared by the Davis Chamber of Commerce Board of Directors & Staff Deliberately designed to focus on the strengths and opportunities in Davis, CA while integrating into the efforts of the Next Economy Capitol Region Prosperity Plan – www.nexteconomycapitalregion.org. The 2020 Davis Prosperity Plan has been ratified as a Partner Teaming Agreement with the regional partnership that created and oversees the implementation of the Next Economy Capitol Region Prosperity Plan. EXECUTIVE SUMMARY The 2020 Davis Prosperity Plan is a business-led, volunteer-driven local endeavor that compliments the regional work that culminated in the adoption of the Next Economy Capital Region Prosperity Plan (Next Economy) as a federally recognized Comprehensive Economic Development Strategy (CEDS) in 2014. Next Economy specifically “challenges government leaders, educational institutions, not-forprofit economic development organizations (like the Davis Chamber) to initiate bold new approaches to bring about economic recovery and to actively work together to make those approaches succeed.” Since 2011, the Davis Chamber of Commerce (Chamber) has purposefully built a foundation of improved operational processes, more relevant services and events, and a strengthened financial position with a more visible and active role in our community. The 2020 Davis Prosperity Plan is a result of our internal assessments and positioning at the nexus of a renewed local and regional focus on economic development. Our scope of work is based upon our community’s unique strengths, weaknesses, opportunities and threats and is structured so that many activities are aligned with Next Economy. We are the proud home of world-renowned UC Davis. Our city is located at the heart of the nation’s most diversified, innovative and productive agricultural economy and our community is a relentless advocate for an improved quality of life for all of our citizens. The Davis Chamber of Commerce is committed to cultivating prosperity in Davis with this strategic document that identifies priorities, action items and metrics to gauge success. Ultimately, our success is dependent upon the ongoing engagement of our continually evolving leadership, active support of our member businesses, non-profits and individuals, active collaboration with our partners and the determination of our entire region to fulfill our potential as a world leader. We encourage you to join us in this vital endeavor to revitalize our economy, because we believe that if managed thoughtfully, “a rising tide lifts all boats”. Matt Yancey CEO Davis Chamber of Commerce Kemble K. Pope Rose Cholewinski Gregg Herrington Jennifer Nitzkowski 2011-14 CEO 2012 Board Chair 2013 Board Chair 2014 Board Chair Davis Chamber of Commerce www.davischamber.com SwimAmerica Davis Yackzan Group, Inc. Carbahal and Company 2020 Davis Prosperity Plan November 2014 CONTENTS EXECUTIVE SUMMARY 1 OBJECTIVE 1: Enhance Membership Value 3 OBJECTIVE 2: Strengthen Community Relations 6 OBJECTIVE 3: Cultivate Economic Vitality 14 OBJECTIVE 4: Engage in Local and Regional Advocacy 18 OBJECTIVE 5: Grow & Maintain a World Class Workforce 22 HISTORY OF REVISIONS AND ADJUSTMENTS 29 PERFORMANCE METRICS 30 www.davischamber.com 2020 Davis Prosperity Plan November 2014 OBJECTIVE 1: Enhance Membership Value Strengthen membership value by enhancing, clarifying and communicating a clear return on member investments. 2014-15 Champion Business/Organization Sponsor: Champion Individuals: STRATEGY 1.1 Determine Top 5 member values. ACTIONS a) Implement an annual member survey to assess ongoing Chamber value proposition. Metrics 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Survey questionnaire c) Interview all current board members, ambassadors, and annual sponsors. Distribution of survey questionnaire to membership Memo to Board of Directors documenting research findings Documentation of interviews conducted d) Interview the Chamber’s 15 largest members (# of employees). Written report of aggregated interview findings Documentation of interviews conducted e) Interview the Chamber’s 15 smallest members (# of employees). Written report of aggregated interview findings Documentation of interviews conducted b) Research member value case studies from peer chambers across the United States. 2 0 1 4 Written report of aggregated interview findings www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 1.2 Measure perceived value by existing members based upon length of Chamber membership. ACTIONS Metrics a) Aggregate feedback from all member touch metrics and activities. b) Compare against top 5 member values identified in Strategy 1.1. Written documentation of aggregated feedback Matrix comparing feedback from member touch activities with top 5 member values identified in Strategy 1.1 Listing of member longevity groups Listing of member industry categories “Member Value Sheet” detailing top 5 values by longevity group “Member Value Sheet” detailing top 5 values by industry category c) Segment existing members by number of years they have been a member (longevity groups). d) Segment members by industry categories. e) Identify top 5 member values for each longevity group. f) Identify top 5 member values for each industry category. 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 STRATEGY 1.3 Communicate the Chamber’s core member value propositions. ACTIONS Metrics a) Create marketing and promotional content that communicates top 5 member values by member segment. b) Identify communications channels most appropriate for each member segment. Distribution-ready marketing and promotional content c) Where necessary, deploy new communications channels to effectively reach each member segment. (e.g. video testimonials and social media). d) Disseminate top 5 member value propositions through Chamber communication channels. List of available communications channels Evaluation of available communications channels for each member segment TBD based upon necessity of new communications channels Published member value propositions Documentation of publication through appropriate channels www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 1.4 Engage the Ambassador Committee in disseminating the top 5 member value propositions and member feedback on business development challenges. ACTIONS Metrics a) Make marketing and promotion materials, tailored by member segment, available to Ambassadors. Tailored materials that are distribution-ready b) Incorporate business retention and expansion practices into the ambassador visits. c) Engage the Ambassador Committee in evaluating member business development needs and facilitating connections to relevant services. 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Memo to ambassadors announcing availability and outlining contents and use Documentation of company visits that incorporate business retention and expansion practices Documentation of identified member business development needs Referrals to relevant service providers Confirmation of services delivered on referrals STRATEGY 1.5 Improve benefit and referral report. ACTIONS Metrics a) Evaluate current benefit and referral report for gaps in Written evaluation of current effectiveness. report b) Review best practices from peer organizations. Written evaluation of identified best practices c) Develop proposed modifications to benefit and referral Memo to Board of Directors report. detailing recommended modifications d) Implement improvements to benefit and referral Board action to implement report. recommended modifications Benefit and referral report with approved modifications incorporated www.davischamber.com 2020 Davis Prosperity Plan November 2014 OBJECTIVE 2: Strengthen Community Relations Improve, diversify and broaden external communications re: unique identity of the Chamber and its efforts to improve quality of life in Davis. Connect and convene disparate segments of community in common cause for betterment of Davis. 2014-15 Champion Business/Organization Sponsor: Champion Individuals: STRATEGY 2.1 Identify and communicate Davis’ core value proposition to the 6-county Capital region; and, that region’s core value proposition to Davis ACTIONS Metrics a) Increase the collection of relevant City and regional economic data Catalogue of data currently collected 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Recommendations for additional data to collect Regular collection and updating of data sources b) Adequately disseminate the City and regional economic data that is collected Identification of distribution channels Regular publication of data c) Facilitate the convening of roundtable discussions to gather insight from local Davis residents, businesses, community groups, and educational institutions. Report of aggregate findings from roundtables d) Facilitate the convening of roundtable discussions to gather insight from regional business/community groups Report of aggregate findings from roundtables e) Combine collected City and regional economic data with feedback from roundtable discussions to determine core value propositions “Core Value Proposition” sheet that is distribution-ready f) Adequately disseminate the core value propositions Publication of “Core Value Proposition” sheet through communications channels Evaluation of communications channels for effectiveness in disseminating core value propositions www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 2.2 Market the existence and outcomes of the incubator and accelerator network internally and externally. In support of Next Economy: Goal #1 – Foster a strong innovation environment. Objective #3 – Build a robust network of business and accelerator services. Strategy #3 – Market the existence and outcomes of the incubator and accelerator network internally and externally. ACTIONS Metrics a) Catalogue the available incubator and accelerator services available in Davis Published resource guide detailing available services within Davis b) Collaborate with partners across the 6-county Capital region to identify and catalogue the availability of incubator and accelerator services in other parts of the region Published resource guide detailing services available across the Capital region c) Identify existence of gaps in locally available networks and/or services, if any. Written assessment of service gaps 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Recommendations for addressing service gaps, if any d) Identify target audiences including companies, business networks, and economic development entities – in both Davis and the Capital region. Listing and description of target audiences e) Identify communications channels as appropriate for target audiences. Listing and description of communications channels Assessment of channel effectiveness for target audiences f) Develop marketing and promotional content tailored to target audiences and communication channels. Distribution-ready marketing and promotional content g) Utilize identified communication channels to disseminate marketing and promotional content. Publication of content through communications channels h) Establish local and regional media relationships focused on emerging companies and economic trends in Davis Regular schedule of press and editorial meetings with relevant news outlets www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 2.3 Amplify the visibility and reputation of Davis’ business climate and economic growth potential among key audiences. In support of Next Economy: Goal #5 – Improve the regional business climate for economic growth. Objective #2 – Amplify the region’s visibility and reputation among key audiences. Strategy #1 – Mobilize a set of interlocking campaigns, aligned with the Next Economy vision that solidifies the Region’s reputation as the economic, cultural and recreational capital of the State of California. Strategy #3 – Establish a mechanism for collecting, assembling, coordinating, and disseminating key messages and celebratory content. ACTIONS Metrics a) Catalogue Davis’ cultural and recreational amenities. Published resource guide detailing available amenities b) Develop marketing and promotional material that incorporates content developed in Strategy #2.2. Distribution-ready marketing and promotional content c) Identify areas of commonality between this Daviscentric content and the marketing content of other partners across the Capital region. Listing of identified areas of commonality d) Evaluate list of target audiences developed in Strategy #2.2 for relevance to the content developed in this strategy. Augment as necessary. Listing and description of target audiences e) Identify communications channels as appropriate for target audiences. Listing and description of communications channels 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Incorporation of common content into regular communications Assessment of channel effectiveness for target audiences f) Tailor marketing and promotional content to target audiences and communications channels. g) Utilize identified communication channels to disseminate consistent messaging to local and regional stakeholders concerning Davis’ activities, competitiveness, and economic climate. Tailored marketing content h) Coordinate efforts with regional economic development organizations and stakeholders. Common plan and schedule for publication OF Content that incorporates common messages www.davischamber.com Publication of content through identified channels 2020 Davis Prosperity Plan November 2014 STRATEGY 2.4 Enhance the Chamber’s utilization of multimedia and social media platforms to disseminate information. In support of Next Economy: Goal #5 – Improve the regional business climate for economic growth. Objective #2 – Amplify the region’s visibility and reputation among key audiences. Strategy #1 – Mobilize a set of interlocking campaigns, aligned with the Next Economy vision that solidifies the Region’s reputation as the economic, cultural and recreational capital of the State of California. ACTIONS Metrics a) Identify the multimedia and social media platforms available for use by the Chamber. Listing and description of available platforms b) Evaluate available platforms for effectiveness in disseminating information to target audiences. Recommendations for implementation and adoption 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Roll out plan for recommended platforms c) Prepare policies and protocols for use of those platforms identified as effective for use by the Chamber. d) Acquire the equipment necessary to make adequate use of selected platforms. Adopted policies and protocols e) Deploy selected platforms in disseminating information. Deployment of platforms in accordance with roll out plan www.davischamber.com Acquisition of equipment 2020 Davis Prosperity Plan November 2014 STRATEGY 2.5 Provide partnership and support to UC Davis Venture Catalyst. In support of Next Economy: Goal #1 – Foster a strong innovation environment. Objective #1 – Bolster University technology transfer and commercialization. Strategy #1 – Embed regional research, university technology transfer and entrepreneurship programs within the Region. ACTIONS Metrics a) Integrate UC Davis Venture Catalyst into the Davis Chamber committee structure. Invitation to join relevant committee(s) b) Develop regular and consistent mechanisms to highlight emerging Davis start-ups and discoveries. Outline of mechanisms c) Facilitate connections between local entrepreneurs and representatives from UC Davis Venture Catalyst. Company referrals 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 TBD based upon identified mechanisms Closed company referral tickets STRATEGY 2.6 Integrate regional messaging and content regarding target industry clusters into the Chamber’s marketing and communications. In support of Next Economy: Goal#3 – Diversify the economy through growth and support of core business clusters. Objective #2 – Create and align targeted programs and services to support clusters. Strategy #1 – Develop marketing materials to build internal and external cluster visibility. ACTIONS Metrics a) Review relevant research that assesses local and regional cluster characteristics and competitive advantages. Written report of research findings b) Utilize chamber communications channels to promote cluster-specific marketing messages. Publication of marketing messages through Chamber communication channels c) Tailor regionally developed cluster marketing materials to build cluster visibility within Davis. Tailored marketing materials www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2020 Davis Prosperity Plan November 2014 STRATEGY 2.7 Regularly communicate Davis business issues and economic trends to local news outlets, reporters, and editorial points of contact. In support of Next Economy: Goal #5 – Improve the regional business climate for economic growth. Objective #2 – Amplify the region's visibility and reputation among key audiences. ACTIONS Metrics a) Meet regularly with local Davis media outlets – the Vanguard and the Davis Enterprise. b) Meet regularly with regional media outlets, such as the Sacramento Bee, Sacramento Business Journal, and Comstock’s Magazine. c) Negotiate agreement with at least one local and/or regional media outlet to provide a regularly published column. Documentation of meetings www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Documentation of meetings Negotiated agreement to provide a regular column 2020 Davis Prosperity Plan November 2014 STRATEGY 2.8 Promote and support the implementation of the Northern California World Trade Center’s Metropolitan Export Plan. In support of Next Economy: Goal #2 – Amplify the Region's global market transactions. Objective #2 – Grow international trade and export activity. Strategy #2 – Market the availability and outcomes of the service provider network internally and externally. ACTIONS Metrics a) Explore the potential of joining the Steering Committee for the NorCalWTCs MEP. Evaluation of conditions to join 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Recommendation to BOD Join if appropriate b) Integrate local and regional international trade topics into Chamber marketing and communications. International trade-focused marketing and communications material Publication of material through communications channels c) Facilitate connections between local companies and regionally-available international trade resources. Company visits Company referrals Closed referral tickets d) Work with existing international companies and local business networks to identify foreign prospects and create lines of communication. Company visits and meetings with network partners Company referrals Closed referral tickets www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 2.9 Partner with the City of Davis and other local economic development organizations to support the growth and retention of local companies and entrepreneurs. In support of Next Economy: Goal #5 – Improve the Regional business climate for economic growth. Objective #3 – Intensify economic development activities that drive growth and investment. Strategy #2 – Establish a formal, region wide system to retain local companies and high-quality jobs. ACTIONS Metrics a) Facilitate a business and entrepreneur outreach program in partnership with the City and other local economic development partners. Program scope of work 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Partner agreements to scope of work Company visits b) Join the City of Davis as a partner in the Capital Region’s Business Bridge partnership. Partnership agreement c) Explore opportunities to provide (or support provision of) business counseling for local companies. List and description of opportunities Proposal to provide services d) Utilize the Executive Pulse software platform – licensed through Business Bridge – to track and report follow-up actions resulting from company visits and/or consultations. www.davischamber.com Company referrals Closed referral tickets Reports of outcomes and successes 2020 Davis Prosperity Plan November 2014 OBJECTIVE 3: Cultivate Economic Vitality Create, promote, champion and influence local and regional actions that foster a strong innovation environment and grow a diversified economy. 2014-15 Champion Business/Organization Sponsor: Champion Individuals: STRATEGY 3.1 Promote and, as appropriate, assist in growing the Davis Shop Local Program. ACTIONS Metrics a) Integrate promotion of the Shop Local program into the Chamber’s marketing and communications. Marketing and communications materials 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Publication of materials through Chamber communication channels b) Meet with local partners to identify ways in which the Davis Chamber can support growth of the Davis Shop Local Program. Records of meetings Prioritized list of support initiatives Implementation Plan for support initiatives c) Implement support initiatives consistent with the Implementation Plan www.davischamber.com TBD based upon Implementation Plan 2020 Davis Prosperity Plan November 2014 STRATEGY 3.2 Work with the City of Davis and other local partners to ensure economic development readiness and develop an effective public-private response system to address company needs. In support of Next Economy: Goal#5 – Improve the regional business climate for economic growth. Objective #1 – Remove economic and regulatory barriers to stimulate growth. Strategy #5 – Foster an effective system to respond to company-specific local-level regulatory issues. ACTIONS Metrics a) Establish an effective feedback loop to identify critical regulatory issues arising from outreach to existing companies and entrepreneurs. Scope and design of feedback loop b) Utilize findings from company and entrepreneur outreach to formulate business development and regulatory improvement strategies. Consistent with findings: --formulated business development strategies --regulatory improvement strategies c) Establish local response protocols to address company specific issues. Protocol document d) Help companies start-up and grow in Davis by provide access to technical assistance and facilitating connections to financial resources. Company visits 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Partner adoption of feedback loop Adoption of protocol document by partners Company referrals Closed referral tickets www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 3.3 Build a targeted retention effort focused on viable Davis companies that have received incubator and accelerator services. In support of Next Economy: Goal#1 – Bolster university technology transfer and commercialization. Objective #3 – Build a robust network of business incubator and accelerator services. ACTIONS Metrics a) Work with local service providers to identify a set of criteria to identify targeted companies coming out of incubator and accelerator programs. Identification criteria approved by local partners b) Coordinate with the Business Bridge partnership of local economic development representatives to ensure targeted companies are integrated into proactive business retention and expansion efforts. Business visits to target companies c) Track targeted company performance and highlight successes as part of marketing and communication efforts. Business visit tracking reports www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Publication of successes and outcomes 2020 Davis Prosperity Plan November 2014 STRATEGY 3.4 Establish an aggressive schedule of outreach and proactively conduct site visits with target companies and entrepreneurs to effectively gauge their needs. In support of Next Economy: Goal#5 – Improve the regional business climate for economic growth. Objective #3 – Intensify economic development activities that drive growth and investment. Strategy #2 – Establish a formal, region wide system to retain local companies and high-quality jobs. ACTIONS Metrics a) In coordination with the City of Davis and other local partners, develop target list of local companies and entrepreneurs. Documentation of target list b) Establish protocols to govern how outreach is conducted with City and other local partners. c) Utilize existing vehicles for company outreach, such as the Chamber’s Ambassador Committee, to schedule and conduct outreach visits. d) Re-establish annual business walk program in Davis. e) Monitor responses to company and entrepreneur needs in order to ensure effective follow-through. f) Track outcomes and publicize successes. 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Records of meetings City and partners where targets list is discussed Documentation of protocols Records of protocol approval by partners Business visits Production of annual Business Walks Publication of annual Business Walk findings Activity and response reports Outcome tracking reports Publication of outcomes and successes www.davischamber.com 2020 Davis Prosperity Plan November 2014 OBJECTIVE 4: Engage in Local and Regional Advocacy Improve the local and regional business climate by strengthening existing relationships and building new partnerships with elected officials, governmental staff and other economic advocacy groups. 2014-15 Champion Business/Organization Sponsor: Champion Individuals: STRATEGY 4.1 Promote and enhance the “culture of entrepreneurship” in Davis. ACTIONS Metrics a) Communicate business permitting and regulatory processes to local companies and entrepreneurs. FAQs regarding processes b) Strengthen relationships with City government staff and elected officials. Regular schedule of 1-on-1 meetings 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Distribution of FAQs through Chamber communication channels Forum(s) for providing feedback and criticism c) Strengthen relationships with local economic development partners. Regular schedule of 1-on-1 meetings Forum(s) for providing feedback and criticism d) Make more effective use of the 2x2 committee structure Evaluation of 2x2 structure e) Investigate cost/benefit of an “expedite fee” for permit approval Cost/benefit analysis f) Provide support to companies and City staff in their mutual efforts to secure business expansions and relocations Business visits Recommendations for improvement Assistance rendered Activity and outcome reports www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 4.2 Explore opportunities to create formal public-private partnerships to foster and grow cluster opportunities. In support of Next Economy: Goal#3 – Diversify the economy through growth and support of core business clusters. Objective #2 – Create and align targeted programs and services to support clusters. ACTIONS Metrics a) Partner with educational institutions, local governments, financial institutions, and the broader business community to develop solutions that address specialized facility and capital needs Listing and description of needs b) Garner local government commitment to supporting cluster growth through specific permitting, procurement and other business- oriented programs Recommendations to local government c) Evaluate momentum in cluster performance and alliance group activities to determine need for additional organizational capacity focused on cluster growth and support Determination of data points to track 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Outline of solutions Review of local government actions in support of recommendations Regular updates to tracked data points Evaluation and progress reports Assessment of needs www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 4.3 Advocate for public policy at the state and local levels that supports conditions necessary for cluster growth. In support of Next Economy: Goal#3 – Diversify the economy through growth and support of core business clusters. Objective #3 – Build strong economic foundations for sustained cluster growth. Communicate the value of the core business clusters, identified regulatory issues, and basic cluster needs with state and local policymakers. ACTIONS Metrics a) Coordinate with local and regional partners to distill common regulatory issues and assess proposed regulations relative to the needs of local companies and entrepreneurs. b) Communicate the value of core business clusters, identified regulatory issues, and the basic needs of local companies and entrepreneurs with state and local policy makers. c) Coordinate with key regional stakeholders to advocate for regulatory changes and new supportive public policies. Written report of common issues 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Regular schedule of communications on common issues Joint policy positions Meetings with key decision makers on common issues STRATEGY 4.4 Encourage the creation of local and regional incentives that support growth of primary jobs across core clusters and other industries. In support of Next Economy: Goal#3 – Diversify the economy through growth and support of core business clusters. Objective #2 – Create and align targeted programs and services to support clusters. ACTIONS Metrics a) Communicate the characteristics, performance and needs of local companies and entrepreneurs to target audiences. Listing, description and publication of priority needs b) Advocate for target cluster incentives to encourage company investment and close relevant cost gaps between competitor locations. Listing and description of incentives www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Advocacy communications in support of identified incentives 2020 Davis Prosperity Plan November 2014 STRATEGY 4.5 Partner with the business community and other regions in the state to communicate with and influence state policymakers. In support of Next Economy: Goal#5 – Improve the regional business climate for economic growth. Objective #1 – Remove economic and regulatory barriers to stimulate growth. ACTIONS Metrics a) Utilize Metro Chamber Cap-to-Cap and State Legislative Summit activities to proactively pursue local economic development priorities. Participation in programs b) Explore participation in R.E.A.L Coalition to engage on statewide issues that have local significance and impact. Evaluation of participation requirements 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Adoption of joint policy positions Recommendation to BOD BOD action www.davischamber.com 2020 Davis Prosperity Plan November 2014 OBJECTIVE 5: Grow & Maintain a World Class Workforce Strengthen relationships with educational institutions to align training and education pathways for businesses and workers while creating opportunities to grow, retain and attract future generations of skilled workers. 2014-15 Champion Business/Organization Sponsor: Champion Individuals: STRATEGY 5.1 Develop programs and services better to integrate students into the local business community. ACTIONS Metrics a) Launch Discover Davis in partnership with Davis Downtown. Event execution b) Evaluate effectiveness of Discover Davis in advancing Chamber objectives. Post-event assessment and recommendations c) Survey member businesses on technical and career path needs. Survey creation, distribution, and analysis 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Report of survey findings d) Collaborate with local and regional workforce development to identify and create models for connecting local students with career pathways. e) Implement identified and created models for connecting local students with career pathways. www.davischamber.com Identification and description of models To be determined based upon prioritized list of models 2020 Davis Prosperity Plan November 2014 STRATEGY 5.2 Promote and support development of career pathways that align with core business clusters across all education and training levels. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #2 – Align training and education pathways to increase economic prosperity for businesses and workers. Strategy #2 – Develop critical career pathways that align with core business clusters across all education and training levels. ACTIONS Metrics a) Participate on the Metro Chamber’s Workforce Development and Education Committee. Reports to BOD on common initiatives and activities b) Review and compile research performed as part of NextEd’s CRANE initiative to identify critical career pathways in core business clusters. Evaluation of research c) Identify local target audiences for promotion of career pathways and skills information. Listing and description of target audiences d) Partner with NextEd and other regional and local workforce development organizations to market new programs and existing career pathways programs. Production of marketing and communication materials www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 List and description of relevant pathways Publication of materials through Chamber communication channels 2020 Davis Prosperity Plan November 2014 STRATEGY 5.3 Engage regional young professionals groups to aid in local talent attraction and retention efforts. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #1 – Create mechanisms to attract new talent and retain existing talent. Strategy #1 - Establish connections between active young professionals groups throughout the Region and engage members as ambassadors in talent attraction and retention efforts. ACTIONS Metrics a) Build connections with Metro EDGE and other regional young professionals groups. Listing and description of priority groups 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Regular participation in meetings and events of priority groups b) Gather feedback, through engagement with MetroEDGE and other regional young professionals groups, regarding key local attributes and desirable characteristics. c) Incorporate identified attributes and characteristics into Chamber social media channels. Listing and description of key attributes d) Develop a Davis Future Leaders Award program Award Program design Publication of marketing and communication materials Implementation plan www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 5.4 Mobilize the community to advance and support continued investment in education and related infrastructure. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #2 – Align training and education pathways to increase economic prosperity for businesses and workers. Strategy #1 – Mobilize the community to advance and support continued investment in education and related infrastructure. ACTIONS Metrics a) Promote the value of public and private higher education institutions in terms of economic, social, and workforce development contributions. Listing and description of contributions b) Inform local business leaders on the value of public higher education institutions and engage as supporters for advocacy efforts. Dissemination of information to target audiences c) Participate in a regional awareness and advocacy campaign for investment in and support of public and private higher education institutions targeting state and federal policy makers. Articulation of role d) Engage regional partners in exploration of opportunities for the creation of a pooled scholarship fund to support additional Capital region students with access to regional higher education institutions in preparation for critical careers. Feasibility analysis www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Development of marketing and communications materials Execution of role Set of recommendations Implementation of recommendations 2020 Davis Prosperity Plan November 2014 STRATEGY 5.5 Explore opportunities for developing university-industry research centers around local research strengths and core business clusters. In support of Next Economy: Goal #1 – Foster a strong innovation environment. Objective #1 – Bolster University technology transfer and commercialization. Strategy #5 – Explore opportunities for developing university-industry research centers around regional research strengths and core business clusters. ACTIONS Metrics a) Support creation of university research centers based on regional industry and company strengths as well as university research expertise. Formulation and articulation of policy positions 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 b) Develop informational material that explains the Informational material economic and community benefit potential of university- developed industry research centers. c) Identify target audiences for distribution of informational material developed in #5.8.b. Listing and description of target audiences d) Identify communications channels appropriate for reaching identified target audiences. Prioritization of communication channels e) Disseminate informational material explaining the Publication of informational economic and community benefit potential of university- material through Chamber industry research centers. communication channels www.davischamber.com 2020 Davis Prosperity Plan November 2014 STRATEGY 5.6 Implement a talent retention strategy focusing on students and recent graduates of local and regional education and training programs. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #1 – Create mechanisms to attract new talent and retain existing talent. Strategy #2 – Implement a talent retention strategy focusing on students and recent graduates of regional education and training programs. ACTIONS Metrics a) Engage regional partners to investigate the feasibility of an online job posting service that includes a comprehensive listing of locally available jobs, internships, and work-based learning opportunities. Feasibility analysis b) Work with local businesses to encourage creation of additional internship opportunities in targeted occupational fields and business clusters. TBD dependent upon feasibility analysis and list of recommendations c) Engage regional partners in the implementation of a talent retention marketing plan. Development, adoption, and implementation of plan 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 List of recommendations STRATEGY 5.7 Coordinate with regional organizations conducting external marketing to target audiences and workforce recruitment to unify talent-attraction campaign messaging and content. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #1 – Create mechanisms to attract new talent and retain existing talent. Strategy #2 – Execute a talent-attraction campaign targeting young professionals, experienced entrepreneurs and high-demand occupations and skills. ACTIONS Metrics a) Identify marketing content and messages that are relevant to the assets and attributes of Davis. Listing and description of relevant recommendations b) Identify the target audiences that are relevant to Davis. Listing and description of target audiences c) Incorporate relevant messages into Chamber communications channels as appropriate for target audiences. Publication of materials through Chamber communication Channels www.davischamber.com 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2020 Davis Prosperity Plan November 2014 STRATEGY 5.8 Build and distribute a resource guide for graduating students and new residents providing information on housing, employment, entertainment and community services. In support of Next Economy: Goal#4 – Grow and maintain a world-class talent base. Objective #1 – Create mechanisms to attract new talent and retain existing talent. Develop mechanisms to better connect new, existing and prospective students to career opportunities and lifestyle assets in the Region. ACTIONS Metrics a) Prepare a financing and distribution plan for the resource guide. Financing and distribution plan b) Identify key local and regional partners in production and distribution of the resource guide. Listing and description of partners 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 Agreements to partner c) Develop content for the resource guide. Resource guide content developed and approved by partners d) Produce the resource guide. Production of Resource Guide e) Distribute the resource guide. Distribution of Resource Guide www.davischamber.com 2020 Davis Prosperity Plan November 2014 HISTORY OF REVISIONS AND ADJUSTMENTS As of the publication of this document, no revisions or adjustments have been made. www.davischamber.com 2020 Davis Prosperity Plan November 2014 PERFORMANCE GOALS This section details the metrics by which we will evaluate the effectiveness of the 2020 Prosperity Plan and its impact on the Davis economy. These metrics will be reviewed semi-annually. The Board of Directors will make adjustments to the strategies and action items as necessary to account for under-performance relative to these metrics. Additionally, the Board of Directors will regularly review progress toward achieving the objectives of the 2020 Prosperity Plan. Should economic conditions dictate, or unique opportunities require, the Board of Directors may periodically revise the plan. Economic Indicator Metrics Increase jobs by 6,000 over 2014 year-end baseline Increase number of establishments over baseline Increase annual revenue for operating budget by 150% over Jan 2015 baseline Increase number of members by 25% over Jan 2015 baseline Maintain average annual unemployment at or below 2014 level Additional metrics may be added as the 2020 Prosperity Plan is implemented. Sources and methodologies for measuring performance metrics will be detailed during the first semi-annual reporting cycle. www.davischamber.com 2020 Davis Prosperity Plan November 2014
© Copyright 2025 Paperzz