Who will grow Arkansas? | Arkansas Blog

Friday, January 9, 2009

Who will grow Arkansas?

Posted By on Fri, Jan 9, 2009 at 9:35 AM

Gov. Beebe will, that's who. His Economic Development Department today released his long-range strategy for economic growth. Is more corporate welfare a key part of his thinking? Ja wohl. (They call it a "recurring and predictable funding formula for economic development.")

LITTLE ROCK, Arkansas (January 9, 2009) – Governor Mike Beebe has released a long-term strategic plan to help achieve economic improvement for Arkansans through collaboration and cooperation. The plan was researched and drafted by the Arkansas Economic Development Commission (AEDC) in cooperation with the Governor’s Office. Key to the success of the plan is strong regional empowerment.

            “A slower economy will not slow our strategies for economic development,” Governor Mike Beebe said.  “Pushing forward with this plan now not only builds our current advantages, but will also put our efforts at full speed once the current recession lifts.”

At the core of the plan is a call to action for communities across Arkansas to form strong regional alliances to more effectively utilize their strengths and promote themselves. In addition, the plan calls upon the private sector to work with public agencies in an effort to create an environment that will systematically transition Arkansas to a state focused on knowledge-based job growth. Finally, the plan asserts that education is vital to economic success, especially in the growing knowledge-based economy.

“When AEDC began work on this long-range strategic plan in mid-2007 we knew the importance of seeking input from those involved in economic development.” said Maria Haley, executive director of the AEDC.  “Without their views and opinions we knew we would end up with just another study that would be read once and put on the shelf.  Our goal was to develop a comprehensive, living, strategic plan that would create the roadmap for our state’s future development.

  “I believe the number of public and private entities we consulted with may be unprecedented, but it was the most important pillar of the plan,” said Haley.

 The Governor’s Office and AEDC interviewed numerous stakeholders with an interest in Arkansas’s economic future for their input on the plan. State leaders in both the public and private sectors contributed ideas and information contained in the report. Leaders in education, workforce, tourism, agriculture and finance, along with Arkansas’s Congressional Delegation, contributed information.

The plan is composed of five guiding principles intended to create more income growth opportunities for the state. The guiding principles focus on Governor Mike Beebe’s five goals for economic improvement.

1.      Increase the incomes of Arkansans at a growth pace greater than the national average.

2.      Expand entrepreneurship, focusing on knowledge-based enterprises.

3.      Compete more effectively in the global marketplace for new business and jobs, and create a business retention strategy to reduce closures.

4.      Economic development will meet the special needs and take advantage of the extraordinary assets of various areas of the state. It will not be a one size fits all.

5.      Increase the number of workers with post-secondary training so they are prepared when they enter the workforce and equipped for new jobs in the future.      

The plan identifies a strategy for overcoming the three major obstacles that hinder Arkansas from moving its economy forward:

1.       Arkansas needs a transitional, systematic approach to an economy supported by knowledge-based jobs.

2.      The economic development efforts throughout the state are diffused and inefficient.

3.      Arkansas lacks a recurring and predictable funding formula for economic development.

Implementation of the plan will lead to progress in workforce development, infrastructure, business development, competitive business climate, and collaborative partnerships.


Sign up for the Daily Update email
Favorite

Comments (14)

Showing 1-14 of 14

Add a comment

 
Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

  • Now, the main event

    I write Tuesday morning, before polls close on primary and judicial election contests.
    • May 24, 2018
  • Police identify remains as those of Ebby Steppach

    KARK/Fox 16 reports that Little Rock police have identified skeletal remains found Tuesday in a west Little Rock park as those of Ebby Steppach, the 17-year-old who's been missing since her car was found in that park abandoned in 2015.
    • May 23, 2018
  • UAMS presents balanced budget

    UAMS, pressed by financial problems for several years, told the University of Arkansas Board of Trustees today that it had a $1.5 billion operating budget that doesn't call for deficit spending.
    • May 23, 2018
  • More »

Readers also liked…

  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016
  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation