COWORKING INFOSOur invisible economic engineHiding in plain sight

WHAT IS THIS COWORKING YOU SPEAK OF? TAD Talk on Maker Spaces rehearsal “… we have lots of great resources for folks in the region like coworking spaces...”

Feedback “…you should remove the tech jargon regular people don’t understand like ‘coworking’…”

COWORKING DEFINEDhttps://en.wikipedia.org/wiki/CoworkingCo-working is a style of work that involves a shared working environment, often an office, and independent activity. Unlike in a typical office environment, those co-working are usually not employed by the same organization. Typically it is attractive to work-at-home professionals, independent contractors, or people who travel frequently …

HISTORY OF COWORKINGStarted in SF in 2005Came to Eugene in 2011Number of spaces double every yearCurrently 700 in the US5 in EugeneCo-working lost the dash in 2015

BORING NATIONAL STATSNational study in 2011

Average age is 351/2 are freelancers or founders1/3 are remote workersMore than half feels sufficiently financially and socially secure

Local stats are similar

2/3 men vs 1/3 women4/5 university educatedMost are creative or new media

40% go without health insurance

GUSHING INFOGRAPHICShttp://www.huffingtonpost.com/jeff-fermin/11-incredible-coworking-statistics-that-will-make-you-leave-your-cubicle_b_6466440.html

<< worst infographic ever !!!

WHY NOT JUST GET AN OFFICE?Detractors say “office space is not an issue”… they often miss the social, collaborative, and informal aspects of the process. In co-working, practices are closer to that of a cooperative, including a focus on community rather than profit.$$$$

WHY NOT JUST WORK FROM HOME?A 2007 survey showed that many employees worry about feeling isolated and losing human interaction if they were to telecommute. Roughly a third of both private and public-sector workers also reported that they didn’t want to stay at home during work.

DIFFERENTMISSIONS,COMMON ELEMENTSWhat differentiates a coworking space from an incubator or an accelerator?Incubators focus on business development for new companies.Accelerators focus on the program and launching startupsCoworking caters to established freelancers, small businesses and remote workers.They all provide a shared experience, collaboration and access to shared resources

YOUR LOCAL SPACES~22,000 square feet of office space.

The largest is Mindworks

~150 individual tenantsFertilab has the most members *

~94 small business served~20 freelancers and remote workers

YOU CAN PICK YOUR SPACESpace Focus Features

Atlantis Coworking Semi-private offices, lounge, hip vibe, location

Bloom Women's business Incubator

Private offices, conference room, mentoring

CodeChops Coworking Fast fiber, perm & flex desks, regular tech meetups, waiting list, hosts programs, location

FertiLab Business Incubator, coworking, Labs

ID8 pre-accelerator program for RAIN, lots of startup meetups, pitch events, biotech, perks.

Mindworks Business Incubator, coworking

Flex desk & 27 private offices, largest space, annual celebration events, monthly women’s networking, seminars & workshops

WHAT PEOPLE ARE SAYING Surveys conducted at Mindworks and CodeChops 2016 Most businesses are growing (75%-100%) Jobs are being created (50) Location, Location, Location Some other nice words:

Camaraderie Chance meetings (random collisions) Inspired to work harder Collaboration Pride

ECONOMIC IMPACT CodeChops has the most accurate data from our anonymous annual salary survey 12 members surveyed with 80% responding

12 Member combined annual revenue is $1.5M with 75% originating out-of-area

~ same revenue as RAIN Eugene Accelerator serving 31 companies

High-Tech, high-wage jobs

FREELANCERS, FOUNDERS & REMOTE WORKERSLots of Freelance, Founder & Remote workers in Eugene

Digital Creatives 2010 tax reporting W2 corp vs Individual

Folks move to Eugene to live, bring their work with them.

The Lane County average tech salary is $74K while CodeChops average much higher

W2Corp Individual

Reporting

Total individualW2 Freelancers

& SB Founders& Remote Workers

GIG ECONOMY UNDER THE RADAR "We're in this fascinating time when the definition of work is rapidly

changing, Their methodology hasn't caught up with the reality of the world.” - Ian Siegel, the CEO of ZipRecruiter

National US Jobs report does not include gigs or project-based income 14 million or 53 million depending on who you ask

Bureau of Labor Statistics primary job is or primary income comes from self-employment

Freelancers Union/Upwork engaged in supplemental, temporary, project- or contract-based work

No local data

HOW COWORKING HELPSSupports the modern workforceSupports gig and project based economiesSupports remote workers, founders, freelancersSupports travelers (understated)Standard feature of a modern citySupports community and edicational programs

COWORKING CONUNDRUMS It’s getting too expensiveNot recognized by city planners (yet)Not factored by labor influencers (yet)

Not woven into the visitor landscape (yet)

RECOMMENDATIONSWe should be actively recruiting folks to Eugene for lifestyle while supporting remote work

Education and outreach about the benefits of coworking and the needs of the millennial workforce to city planners & labor influencers

Promote more public/private partnerships for a vibrant worker resources

Fiber will help

WHAT’S NEXT? PLANNING FOR 2021LCC Downtown building “Innovation Hub”Promote an “Innovation District Alliance” or other mechanisms for cooperation and cross promotion painting the entire picture of Eugene’s emerging Innovation District

Be on the lookout for great locations and teams to transform them into awesome spaces.

Team up with the city to prep for 2021 Track & Field

VISION: THE PERFECT COWORKING SPACEFirst floor retail entry that is welcoming with coffeshop/bar and community manager.Event space for 50 people near the front that is also floater space during business hours.The deeper you get into the space the more “officy” it gets with private offices, etc.Plenty of bike parking, showers, etcReconfigurable flex space for hackathons etc.City subsidized to support economic development programs.

THANK YOUThank you for your time today!Always a pleasure to see you my friends!

DOWNTOWN EUGENE BLINDERS What about….

Fertilab Springfield Startup Center? RAIN Corvallis and RAIN Eugene? NEDCO in Springfield? Salem, Florence, etc, etc, etc…

I only have data on downtown Eugene* I think folks grok Cities and States but regions are harder Further Reading: If Mayors rules the World