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Middlebury, Vermont - Office of Business Development & Innovation

Regional Economic Development in Central Vermont
by

Jamie Gaucher

on 16 August 2013

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Transcript of Middlebury, Vermont - Office of Business Development & Innovation

Our Team
Middlebury's Assets
Background
& Purpose

Innovation
Intellectual Capital
No Patent Trolls
Social-Entrepreneurship
Technical Assistance for your technology and development/ execution of your business model
Middlebury Business Development Fund - MBDF
Drivers/ Themes
What is the plan?
Purpose
Middlebury-Centric
Economic Development
In response to regional underemployment, facilitate the creation of sustainable jobs.
Middlebury Business Development Fund
Business Development
Prospect Development
Innovation-Based & Technology-Based Economic Development
Town of Middlebury, Vermont
Office of Business Development & Innovation
Recent history of community-wide support (municipal, educational, business, non-profit) for solutions that produce shared benefits.
Middlebury is an intersection for many successful people.
Not about geography – modern community is global. High % of innovators and potentially valuable relationships across all sectors. Constant flow of business people and ideas. Modern Rural.

The MBDF
Social Presence
Twitter
Policies
Middlebury, Vermont
Office of Business Development & Innovation

"I believe that places like Middlebury need to do everything they can to tip the balance in their favor when it comes to the economy. Small towns that have lost their manufacturing core continue to struggle to find their footing in the new world. We need small businesses, we need energy and ideas, we need every advantage we can get." David Donahue, special assistant to the president of Middlebury College and Member of the MBDF
“… jobs create economic growth in several ways.
Each new family needs a place to live: houses and new
business spaces are built or occupied. The grand list
grows. Those families buy goods and services. More
jobs are added.” Angelo Lynn, editor/publisher of the
Addison Independent.
To garner investments that build and diversify the local tax base.
Focus on local economic impact - keeping sustainable jobs close to home.
“Let’s face it, we have a lot of competition and we need to be proactive to find reliable businesses to locate here and provide jobs with good wages and benefits.” Nancy Malcolm, Planning Commission Chair
HISTORY
Process
MBDF
Public-Private Partnership
Local Development
via an External Audience
Sustainable Community
Wealth Creation
Jamie Gaucher, Director
Leveraging assets connected to Middlebury College for local economic impact in Vermont.
#MIDDBIZ
Opportunity to build on tradition of Middlebury as the cultural, educational and commercial HUB of central Vermont. Proactive, engaged and enlightened citizenry.

Alternative Energy
Education
Food
Knowledge-based Jobs
Secondary areas of focus:
Manufacturing
Translation and Localization
Hospitality/Tourism
Innovation-Based Economic Development
Finding the balance between a great idea and the best idea you can execute.
Leveraging College Assets
Middlebury College Alumni
Language Schools
Current Professors & Students
Middlebury Ambassadors Studying Abroad
Real Estate
Global Perspective
Slideshare
MBDF Blog
Town of Middlebury Site
Partner Sites/ Blogs
Public Input
SEO
Initial business development function and prospect development function areas of focus:
Focus; Listen; Stretch; Collaborate
Differentiation
Drives
Growth
There are Costs
Associated with a Lack of Diversity.
Quality
Sustainability
Global/ International
Building a better local economy:
Quality Energy: In 2010 Vermont had the Nation's lowest carbon dioxide emissions from electricity generation.
"Vermont Ranks #2 nationally for Business Start-ups."
2013 Kaufman Index of
Entrepreneurial Activity
Recent history of community support (government; educational; business; non-profit) focused on solutions with shared benefits.
Center for Social Entrepreneurship
Back Office/ Administration
Communities with Opportunities
Asheville, NC
Cambridge/Boston, MA
Scandinavia
Montreal/Quebec
New York, NY
Safe
Multigenerational
Vibrant
Enlightened
Proactive
Family-Oriented
Healthy
Sustainability
Benefit Corporations
Vermont - ranked #2 state for quality of life in U.S.
Middlebury College - consistently ranked as a top 5 U.S. National Liberal Arts College
Vermont - has the 2nd lowest gender wage gap in U.S.
Middlebury College - schools abroad in 16 countries
Vermont - is the healthiest state in U.S. last 6 yrs.
Middlebury College - world class skiing facilities
Vermont - U.S. State with strongest appreciation for the environment
Middlebury College - created first environmental studies major in U.S.

International
His Holiness the 14th Dalai Lama with Middlebury President Ron Liebowitz on the stage in Nelson Recreation Center.
Access
to top decision makers at the local, state and national levels.
to eastern U.S. and Canadian population centers.
the ability to thrive!
Strong Local
Agriculture
Up to $7,500 over 5 years for individuals in STEM jobs from the State of VT.
Science; Technology; Research and Development
Research and Development Tax Credit: Vermont companies that make eligible research and development expenditures in Vermont can claim a tax credit equal to 30 percent of the federal tax credit allowed in the taxable year - 10 yr. carry forward option
Vermont Technology Council
Create an ecosystem where science, technology, innovation, R&D and entrepreneurship support a prosperous economy for all Vermonters.
Mission:
Skilled Workforce
Available Talent

For additional information about participating in Middlebury's economic future please contact our Director:
Jamie Gaucher
Office of Business Development & Innovation
94 Main Street
Middlebury, Vermont 05753
jgaucher@townofmiddlebury.org
O - 802-388-8100, ext. 500
M - 802-349-5104
#MIDDBIZ
Room to GROW: Over 250 acres of available land in Middlebury's Industrial Park
Jamie Gaucher, Director
jgaucher@townofmiddlebury.org

Infrastructure
Health/ Wellness
Instagram
COMMUNITY
Engaged
http://middbiz.com/
Full transcript