Five opportunities for local economic development champions to be impactful in the early phases of the COVID-19 crisis.
Coming to terms with local economic implications in the middle of a global health crisis is challenging. First and foremost - health of communities needs to be prioritised, then we can respond to the economics. When we do - here are a few of our thoughts.
Great for Economic Development Australia to have the opportunity to lead a conversation with the local government ED community around the important of LGA’s in supporting local communities to realise sustained prosperity. Thanks to WALGA for hosting the breakfast - it’s great to see the Association take a strong leadership role in supporting the development of ED capacity in Western Australia!
“…productive entrepreneurs focus first on growing the pie, unproductive entrepreneurs are focused first on dividing the pie, and destructive entrepreneurs are really only interested in stealing the pie.”
Some notes from a recent project on considerations for development of effective assessment frameworks that capture the impacts of new/emerging disruptive tech.
Why meet all existing (and future) demand?
Great blog and graphic by Fran Diana that gives a summary of many of the building blocks of innovation that will impact on the scale and degree of opportunity that we are all facing.
A recent flier developed for a conversation with public sector officials seeking to drive innovation.
Compelling BBRF investment opportunities present a strong narrative across three core elements (project champions, value creation, and deal structure). To be successful projects need to be carefully scoped across each element, with impacts representing a compelling case against national competition
Three common elements have been observed in strong investment pitches during recent work with both ventures and investors.
When skilled, motivated and linked to the world - regional ventures can have a hell of an impact.
The RAC has invested in preparing the public (and policy makers) for coming change.
I have just dropped $10M as developer of 100 units of affordable apartment housing. I am facing bankruptcy, but have avoided taking the food off the table of my tenant's kids, or being reliant on overly generous public subsidy......I'll know better next time.
Amelia is part of a workforce that is smarter, more agile and far better at office footy tipping than you can ever hope to be....
Dr Ruth Morgan is the first cab off the rank in a series of interviews exploring ideas around transformative change, how it occurs, and how it is examined from a range of different perspectives. Ruth is an environmental historian with some great perspectives on how disruption and change has occurred in Western Australia, with a particular focus on the influence of water in our history.
Three precursors are required for sustainable, resilient and vibrant regional growth centres.
Fantastic to see the announcement $49.3 million Royalties for Regions funding for Stage1 of the Transform Peel project.
Images of drones being beautiful rather than functional are essential if they are to become ubiquitous technology.
Given the recent focus on regional centre development, we test the new Microsoft PowerBI capabilities by building a dashboard to explore the characteristics of employed residents in each region of Western Australia.
We finally found the time to watch the The Big Short (a cracking example of how to make complex economics and finance accessible and even entertaining). The film explores the path of a number of ‘freaks and outsiders’ who managed to see imminent disaster prior to the subprime crisis of 2008…because they looked.
The recent controversy around the BIS Shrapnel report on the impact of negative gearing tax concessions has led to some interesting discussions as to the professional standards associated with economics analytics.
We are proud to launch Far Lane, an enterprise, which we believe will make a lasting difference to the prosperity, productivity and happiness of communities throughout Australia.
Aristotle is credited with first observing that in certain situations “the whole is greater than the sum of its parts.” This used and abused phrase rings true, particularly when making investment decisions, where we often seek to leverage value to get the best possible outcome. This is reflected in a portfolio-based approach to investing where we offset risks and seek to gain scale through diverse yet targeted decisions.
A black swan, as defined by Nicolas Taleb, is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.” These events, like their namesake, which changed the first European settlers’ belief that all swans are white, rapidly change perceptions as to what is possible.
Narasimhalu (2005) proposed the Innovation Cube model as a way of conceptualising how innovation comes about. This model proposes that there are three pairs of attributes (dimensions) that define successful innovation.
"Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has."
Margaret Mead nailed it. End of blog
By many measures the Print Hall restaurant within the Perth CBD is at the top of it game. It currently ranks in the AFR’s best 100 restaurants in Australia, has been named the best restaurant in Western Australia by the WA Good Food Guide, and has won Wine Spectator’s Grand Award for 2015. Despite these accolades, the restaurant has recently announced that it will close its doors, to relaunch later in the year to service a distinctly different market.
Australia doesn’t really have a street food culture, but it really wants one. Fortunately, Richard Florida has outlined the secrets of food truck location in his recent blog for City Lab.
“The Australia of the future has to be a nation that is agile, that is innovative, that is creative. We can’t be defensive; we can’t future-proof ourselves."
A pleasure to present to the Economic Developers Association of Canada on the topic of Resilience as an Emerging Advantage.