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August 2012

 

In This Issue

 

Three Things You Can Do to Help Your Region Transition to a New Economic Era

 

Where are the Jobs?

 

Featured Indicator: Self-Employed Workers

 

Camoin Happenings

 

Training Opportunities

 

 

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Article1Three Things You Can Do to Help Your Region Transition to a New Economic Era  
by
 Rob Camoin   

You don't have to look far to see how a local economy is being negatively impacted by a transforming national and global economy.  Struggling farms and the remnants of vacant mills and manufacturing facilities are evidence of what happens when a community is unable to participate in a new economic era; they get left behind. 


The Industrial Revolution is probably the most widely recognized example of a transformational change. Prior to the Industrial Revolution, most local economies were agricultural based.  The industrial era, which relied primarily on rivers and streams for power, shifted the flow of capital and development to new geographies that had strengths in these assets. 
The chart below illustrates each of the transformational eras.  

Read Rob's full article by clicking here

Complexity Model of Transformational Change
Complexity Model of Transformational Change

 

BWhere are the Jobs? Finding and Understanding the Hidden Employment Recovery in "Extended Proprietors"

by Michael N'dolo

 

What is on everybody's mind these days?  "Jobs, jobs, jobs."

 

Underlying the dismal jobs numbers, we have actually noted the continuation of a very interesting positive trend in employment growth that seems to remain hidden from the view of official statistics.  No, we are not talking about illegal drugs, the black market, tax evasion or undeclared migrant labor.  Instead, the definition of a "job" has undergone a gradual transformation that makes counting jobs much more difficult. Gone are the days of the universal 9:00-5:00, "read the job description" relationship to an employer.   Instead, we now have many types of employment relationships that can exist.  

 

Learn more about the hidden employment recovery here

 

 

DFeatured Indicator: Self-Employed Workers

By: Christa Franzi

 

Since 2001, the percent of workers who are self-employed has continued to rise. Today, roughly 7.1% of the U.S. workforce is self-employed, meaning that these individuals operate their own business enterprise. Vermont leads the nation with 11.6% of its workforce being self-employed, followed by Maine with 10.3%. At the bottom: Delaware with only 4.4% self-employed. 

 

Why is this significant and how many self-employed workers are in your state? Click here  to find out! 

 

 

 

HappeningsCamoin Happenings 
Camoin Associates is pleased to announce that it has been recently selected for the following engagements:
  • Monmouth County, New Jersey: to complete a Comprehensive Economic Development Strategy for the entire county.  We are joined by our partners GMC Strategies and Maverick & Boutique.
  • Loudoun County, Virginia: in-depth look at a handful of pre-selected key industry clusters and how the county can best pursue growth in those clusters. 
  • Greater Providence Chamber of Commerce and Rhode Island Science & Technology Council: Camoin, in partnership with Innovation Policyworks, will be completing an annual update to the Knowledge Economy Index benchmarking Rhode Island's progress towards achieving its goals to promote growth in the "New Economy". 
  • Portland (ME) Community Chamber: Camoin will be providing an annual update to the City and Regional Economic Scorecard (initially development by Camoin) that measures progress in economic development related indicators. See Portland's 2010 Scorecard here.  

TrainingTraining Opportunities

Cleantech Opportunities for Economic Development

A workshop designed to provide economic developers and planners with an understanding of the Cleantech industries and the opportunities they present for local, regional, and state economic development in the Northeast. This session will include detailed information on the latest industry-wide trends, what drives investment and growth, what the needs are for companies that compete in these industries, and what specifically can be done to promote and support their location and growth in your area. Includes networking luncheon. 

Location: Portsmouth, NY

Date: Thursday, September 6, 2012

Cost: NEDA Members $50, Non-Member $75

For registration and additional information, click here.

 

Technology-led Economic Development Course 

This technical course focuses on the competitive advantage of regions and the role of economic developers and community stakeholders in building an innovation ecosystem. 

Location: Albany, NY

Date: September 13-14, 2012

Cost: Member: $425, Non-Member: $525

Sponsors: IEDC, Camoin Associates

For registration and additional information, click here.