HomeMy WebLinkAboutPRESENTATION re 2026 Economic Dev Framework - Addl info 2
Thriving Communities
Redefining the foundation of a resilient and sustainable economy.
What is the goal of an Economic Framework?
What does it mean to “Thrive”?
Thriving occurs when we use uncertainty to innovate and transform.
Preserving what is needed to survive.
Recycling or repurposing what is no longer needed.
Creating something new that builds capacity under new conditions.
Image: https://medium.com/benefit-mindset/thriving-resilience-and-surviving-1b6cac1a87e0
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Thriving Communities
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“Thriving” – No Longer a Buzzword
Strong momentum regionally and nationally towards building resilient and thriving communities (especially post-Covid).
Federal, State, and regional policy encourages rural and underserved economic development activity.
Jefferson County
City of Port Townsend – A Thriving community for all
Port of Port Townsend – To promote a vibrant and healthy Jefferson County community
Jefferson County PUD – Values: innovative, sustainable, future-focused, collaborative
North Olympic Development Council - to create a thriving and inclusive economy through a collaborative, triple-bottom-line approach resulting in economic, environmental and social prosperity.”
Jefferson County – sustainable economic development; economic, social and environmental.
EPA – Thriving Communities Principles
Scaling for Impact, Build Community Wealth, Center the Power of Community, Meet Areas of Greatest Need, Expand Access and Participation, Diversify Knowledge
Jefferson County & NODC – Building on CEDS
Measuring Success and Prioritizing Development – Community Capital
“The difficulty with measurement does not lie in finding forms of capital within a community; it is finding ways to measure how capital can be invested to affect a community’s capacity”
The CEDS process and many other strategies to Economic Development rely on components of traditional theory and use Community Capitals as a guiding vision, rather than as the foundation.
Clallam and Jefferson County have distinct differences in priorities, resources and opportunities for approaching economic development.
We believe it’s important to design a framework specifically tailored to Jefferson County; most importantly the people and communities here that make it a unique place to live and work.
WealthWorks for Jefferson County
The NODC utilized various components of the Aspen Institute’s WealthWorks in the CEDS process, including the 8 Capitals. However, it did not encompass the primary values of Community
Capitals frameworks that WealthWorks was modeled from.
Jefferson County has specific challenges in front of it that limit certain forms of traditional economic growth. Solutions designed for rural and distinctive communities are especially
important. Using a framework that focuses on increasing human capacity serves as both an economic and community development tool.
We should utilize the WealthWorks model to build a framework based on Community Capitals.
The 8 Capitals - Defined
Assessing Our Community
Exercise: Assessing Our Community
The 8 Capitals
0 – 1.0: Deficient (Prioritize)
1.0 – 2.0: Adequate (Needs support)
2.0 – 3.0: Plentiful (Promote and Learn)
EDCTJ and WealthWorks
EDC Team Jefferson will lead organization, design, and advising throughout the Framework development process.
We suggest consultations with external organizations that have proven track records around this type of strategic planning – Aspen Institute/WealthWorks, Rural Development Initiative
(RDI), and others.
EDCTJ will convene various stakeholder groups, including public partners, non-profits, and community members.
Economic indicators for tracking progress and informing decision making will be sourced or created for use by stakeholders.
EDCTJ will create databases and reports for stakeholders to utilize the information for future planning.
Values and Desired Outcomes
Create generational wealth through a focus on Community Capitals – People and Place over Profit.
Build resiliency through regional ownership and control of the assets that sustain our community.
Foster a Thriving Community – improve the livelihoods of current and future generations that call Jefferson County home.
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