fingal.ie Comhairle Contae Fhine Gall Fingal County Council Fingal County Council Fingal Mayors Economic Conference Working Together for Success Wednesday 16th April 2014 Crowne Plaza Hotel, Blanchardstown, Dublin 15 Wifi Code: tifcohotels2014 Twitter: #FMEC14 @FingalCoCo Hosted by Mayor Cllr. Kieran Dennison

Fingal County Council fingal.ie Welcome & Introduction M.C. Ethna Felten Director of Economic Development Fingal County Council Working Together for Success Fingal County Council fingal.ie Be part of the conference conversation on Twitter: #FMEC14 Wifi Code: tifcohotels14 Fingal: Economic Development Services MC Ethna Felten Director of Economic Development Services Fingal County Council fingal.ie Fingal: Economic Development Services Be part of the conference conversation on Twitter: #FMEC14 Wifi Code: tifcohotels2014 Working Together for Success Working Together for Success Fingal County Council fingal.ie Fingal: Our Economic Development Team Be part of the conference conversation on Twitter: #FMEC14 Wifi Code: tifcohotels14 Fingal County Council fingal.ie Working Together for Success Mayor Cllr. Kieran Dennison @kierandennison Working Together for Success Fingal County Council fingal.ie Be part of the conference conversation on Twitter: #FMEC14 Wifi Code: tifcohotels14 Fingal: Economic Development Services Fingal County Council fingal.ie Our Evolving Vision for Economic Success County Manager Paul Reid @FingalCoCo Working Together for Success Fingal County Council fingal.ie The Private, Public and Not for Profits sectors each have key roles to play in economic and social development Private Sector Not for Profit SectorPublic Sector Working Together for SuccessWorking Together for Success Fingal County Council fingal.ie 1. Set out the environmental scan 2. Outline a process of collaboration 3. Share the goals Im setting for Fingals management and staff My 3 key objectives from todays presentation Working Together for Success Fingal County Council fingal.ie The Irish macroeconomic position is improving Strong and consistent indicators of economic stability and growth Fingal County Council fingal.ie We have a young, growing, well educated and diverse population Need to leverage the advantages of our demographics Getting more people back to work has to be a priority Fingal County Council fingal.ie We have a strong, diverse and vibrant business base Business is demonstrating positive sentiment on the outlook ahead Fingal County Council fingal.ie Our current and future development plan will be focused on supporting economic and social growth A good stock of well zoned land to support investment, business and economic development County Development Plan Fingal County Council fingal.ie We are committed to a strong and continued process of collaboration in developing the strategy The strategy will be developed through engagement with our key stakeholders Fingal County Council fingal.ie The Local Government Act of 2014 supports a focus on economic development Dedicated Strategic Policy Committee and ongoing collaboration Fingal County Council fingal.ie Utilising all available expertise to support our plan We will engage with key sources to support a strong economic development plan Fingal County Council fingal.ie Our economic strategy must address a wide range of challenges and harvest some real opportunities There are some issues that we will need to address in both the economic and the development plans Fingal County Council fingal.ie And finally3 goals Im setting for Fingal 1. Fingal is the best council on economic growth and social development 2. We deliver quality services and are respected for our customer service ethos 3. We have a highly engaged and renewed workforce committed to our strategy & knowing their role in it Fingal County Council fingal.ie Closing Comments Fingal County Council fingal.ie A New Era in Enterprise Support Oisn Geoghegan Head of Local Enterprise Fingal County Council Working Together for Success Oifig fiontair itiil Fine Gall Local Enterprise Office Fingal __________ A New Era in Enterprise Support Oisin Geoghegan Head of Local Enterprise Fingal Quote to appear in Calibri 30pt Changed to: Yesterday, 15th April 2014 Quote to appear in Calibri 30pt What is the Local Enterprise Office? First Stop Shop for Enterprise Supports Quote to appear in Calibri 30ptBrings together the resources of: the local business knowledge and experience of: and the integrated support of: To provide a complete business support service to you! Joined..up..thinking What can you expect from LEO Fingal? All of the services previously provided by are now available from Local Authority staff will enable you to access information on: Access to business incubation units / enterprise space; Rates; Planning; Licensing; Cost reductions; Waste conservation; Access to government services; Public procurement processes; energy efficiency; etc. and Quote to appear in Calibri 30pt Available locally from LEO Fingal: Start Your Own Business programme Cultivating Entrepreneurs: BIGGEST Student Enterprise Programme in Ireland! Quote to appear in Calibri 30pt Business Networking Opportunities Quote to appear in Calibri 30pt Mentoring Quote to appear in Calibri 30pt Management Development Management Development Workshops LEO ACCELERATE programme (6 months) PLATO programme (12 months) Structured Management Development Programmes Sectoral Collaborative Initiatives: e.g. Dublin Food Chain & Food Academy Start Quote to appear in Calibri 30pt Other initiatives Ideas Generation Workshops Social Media in your business Financing Your Business LEO Fingal Coming soon.... Business Networks LEO Fingal Coming soon.... 2,500 Online Vouchers to help you trade online LEO Fingal Coming soon.... First-time Exporter incentives Quote to appear in Calibri 30pt 6th to 10th October 2014 www.localenterprise.ie/fingal Fingal County Council fingal.ie Fingal: An Enviable Economic Environment Susan Hayes, Economist, Hayes Culleton @SusanHayes_ Working Together for Success Fingal: An Enviable Economic Environment Susan HayesCulleton The Positive Economist Hayes Culleton Susan HayesCulleton The Positive Economist Managing Director, Hayes Culleton Ltd We speak, write and train about the financial markets, economics and entrepreneurship with corporates and organisations, Hayes Culleton Branding Branding to Whom? Source: Fingal, An Economic Profile What lies ahead? Source: Fingal, An Economic Profile What lies ahead? Source: Fingal, An Economic Profile Three USPs International money... IRISH DIASPORA European Funding Resource: ec.europa.eu/education/erasmus-for-all/Source: http://www.erasmus- entrepreneurs.eu/ Hayes Culleton Blog: www.thepositiveeconomist.com The Positive Economist Hayes Culleton The best way to predict the future... is to create it. Peter Drucker Hayes Culleton susan@hayesculleton.com www.savvywomenonline.com @SusanHayes_ Fingal County Council fingal.ie Refreshments Tweet: #FMEC14 Facebook: facebook.com/fingalcoco Twitter: @FingalCoCo Wifi: tifcohotels2014 Working Together for Success Fingal County Council fingal.ie How Fingal Data Can Set Your Business Apart Dominic Byrne & Ciarn Staunton Fingal Data @Fingal_Data_Hub Working Together for Success Fingal County Council fingal.ie Fingal 60 Fingal County Council fingal.ie Fingal Est. 1994 3rd Largest Youngest Fast Growing 61 Fingal County Council fingal.ie Rapid Population Growth 62 273997 239992 196413 167413 152766 138473 114951 1981 1986 1991 1996 2002 2006 2011 Fingal County Council fingal.ie Households with PC 63 Fingal County Council fingal.ie Households with Broadband 64 Fingal County Council fingal.ie Fingal Data Hub 65 http://fdb.ie/fingaldatahub Fingal County Council fingal.ie Data Visualisation 66 Fingal County Council fingal.ie Open Data 67 Fingal County Council fingal.ie What is Open Data? Public Data Open Formats Machine Readable Accessible http://www.flickr.com/photos/mag3737/1914076277/ Fingal County Council fingal.ie Why Open Data? Transparency Participation Collaboration Economic Opportunities http://www.flickr.com/photos/aerosolhalos/5134485529/ 70 Fingal County Council fingal.ie Fingal Open Data http://data.fingal.ie Fingal County Council fingal.ie Dublinked http://dublinked.ie Fingal County Council fingal.ie Innovation Network dublinked@nuim.ie Fingal County Council fingal.ie Re-use 74 Fingal County Council fingal.ie Apps and Services A Day Out in Fingal Dublin Parking Fingal Traffic View Visit Fingal Hit The Road : Fingal mypp.ie Discover Fingal SPUD Castle Master Fingal County Council fingal.ie Dublinked Competition http://dublinked.ie 2,000 in prizes Closing date - 7th May, 2014 Fingal County Council fingal.ie Code for Ireland http://www.codeforireland.com Fingal County Council fingal.ie Business Locator App http://www.codeforireland.com Fingal County Council fingal.ie Data Analytics 79 Fingal County Council fingal.ie Knowledge Management Fingal County Council fingal.ie Data Analytics Unit 6 month pilot Cross-Departmental Part- Time Team Economic Profile of Fingal Potential Synergies Evidence base for decision making Data driven operations 81 http://www.flickr.com/photos/mikelomonosov/4431770374/ Fingal County Council fingal.ie Ideas for Developing Data Services 82 Fingal County Council fingal.ie Ideas Seminar http://www.flickr.com/photos/nirak/644335254/ Fingal County Council fingal.ie Ideas Seminar http://www.flickr.com/photos/nirak/644335254/ Specific Data Analysis unique for Businesses General Market intelligence of Fingal Connect Business to Business Fingal County Council fingal.ie Connecting Business to Business with Data 85 Fingal County Council fingal.ie Rationale: Connecting Business to Business http://www.flickr.com/photos/nirak/644335254/ Visibility of the neighbouring companies and a contact point Knowing what else is in the Local Economy More partnering or subcontracting between Multinationals and local Small and Medium Enterprises Fingal County Council fingal.ie Business Records Aliases Changes of address Closures Re-naming rebranding Non-rateable companies Activity codes NACE Fingal County Council fingal.ie General Market Intelligence Fingal County Council fingal.ie 89 Getting good information on Fingal is a challenge Some Fingal Data is available but there is no narrative There is no packaged information that could, for example, encourage someone to invest here Rationale: Market Intelligence Fingal County Council fingal.ie Fingal County Council fingal.ie Specific Data Analysis Fingal County Council fingal.ie Rationale: Specific Data Analysis Businesses have unique needs with data The Council has large data resources and experts to help This service could be linked to other support agencies 92 http://www.flickr.com/photos/mikelomonosov/4431770374/ Fingal County Council fingal.ie Expanded Data Analytics Currently reviewing the pilot Considering the feedback from Ideas seminar Scope of the service needs to be determined Requests for this service are not entirely new 93 Fingal County Council fingal.ie Next steps http://www.flickr.com/photos/regi_a/4686464716/ Publish a business directory with all businesses listed and activities coded Licencing Challenge process Interface Fingal Data Hub and Fingal Open Data consolidated and expanded Narrative Link to regional/national innovation Data Analytics Service Scope of the service Promotion of the service Fingal County Council fingal.ie Additional Offerings http://www.flickr.com/photos/heylen/4310529876/ Advice on Technology or Data Towards a Digital Strategy Comhairle Contae Fhine Gall Fingal County Council Fingal County Council fingal.ie Fingal Data & Analytics How Fingal Data can set your business apart Seminar : Fingal Mayors Economic Conference Crowne Plaza Hotel Blanchardstown. 16th April 2014 Dominic Byrne Ciaran Staunton @dominic _ _ byrne @CiaranStaunton Fingal County Council fingal.ie Fingal Business Ideas Forum Outcomes Rachel Lindsay Economic Development Services Fingal County Council @FingalCoCo Working Together for Success Fingal County Council fingal.ie Business Ideas Seminar Monday 12th March 2014 Fingal County Council fingal.ie Background Economic Development Services Putting People First Action Plan for jobs Fingal Action plan Business Ideas Forum Fingal County Council fingal.ie Background Government Policy Economic Development Action Plan 2014 -2017 The Plans actions demonstrate how much we as a local Authority embrace this new enhanced role as drivers of Economic Development Local Authority has New and Enhanced Role as Leaders and Co-ordinators of Economic Development Economic Development Services Fingal County Council fingal.ie Background We have engaged with business in the past BUT Now need increasingly collaborative & strategic approach to our relationship with Business Economic Development Services Fingal County Council fingal.ie Business Ideas Forum Purpose in hosting the Business Ideas Forum was to announce our new role as leaders of Economic Development and to begin the process of enhanced engagement with the business community. Get new and innovative ideas from business how to support new and existing business and create employment Economic Development Services Fingal County Council fingal.ie Business Ideas Forum Getting the Audience right: Target Guestlist Organisation Size, Industry, Location, Needed to ensure balance and diversity. Attendance: 17 MNC plus FCEB & Fingal Chamber 34 SME plus FCEB & Fingal Chamber Economic Development Services Fingal County Council fingal.ie ATTENDANCE just some of our MNC participants Economic Development Services Fingal County Council fingal.ie ATTENDANCE a selection of our SME participants Economic Development Services Fingal County Council fingal.ie Business Ideas Forum Facilitated brainstorming workshops Groups of 8-10 people. Brainstorming sessions conducted under certain rules and parameters: No scope for discussion around Rates reductions, Major infrastructural works could not be undertaken as initiatives of the process The council could not overlap with funding or services already being provided by other State Agencies. Economic Development Services Fingal County Council fingal.ie Business Ideas Forum Economic Development Services Brain storming Quality and quantity Positive Build on ideas Not restricted to own sector Fingal County Council fingal.ie Process Observation : highly engaged participants Very productive sessions Lots of suggestions with common themes Top 3 ideas each group in an open forum session Economic Development Services Fingal County Council fingal.ie After the Forum Dept. Name Categories Leadership Strategic Planning Investment Communications Marketing Food Education Tourism, Arts, Culture & Heritage Data & Information Administration, Process and Procedure Education Fingal County Council fingal.ie Ideas Insight/overview Examples only All ideas currently in evaluation phase Economic Development Services Fingal County Council fingal.ie Ideas: Short term Develop business-business database to help local companies do business with each other Use Fingals existing contacts with Chengdu to attract Chinese small to medium enterprise to set up in Fingal area Develop an Invest Fingal strategy to encourage foreign direct investment Create showcase opportunities and/or events for local SMEs to sell to MNCs and large organisations in Fingal Improve signage for towns and villages across the region Develop a website to create links between employers and citizens to promote jobs available in Fingal Fingal County Council fingal.ie Ideas: Medium Term Promote Fingal as a Film and TV location destination Develop a Fingal App; Live/Work/Invest/Visit Examine how user friendly Fingal Co Co services are for business Develop a Fingal Tourist Trail Facilitate businesses to develop a scheme to adopt and mentor a student during college to enhance their work prospects at graduation Fingal Food Trail locals and visitors see food produced in Fingal and meet the growers. Tie in with restaurants menus (Fingal Food Menus) Fingal County Council fingal.ie Ideas : Long Term Examine the feasibility of making Fingal a Global Disaster Recovery Hub Examine the feasibility of an Air-Sea port in Malahide Examine Intern Strategy Investigate whether Fingal could be established as a global centre of excellence for compliance Land bank strategy for economic Regeneration Fingal County Council fingal.ie Ideas Evaluation Economic Development Services Each idea will be critically evaluated under a number of headings: FEASIBILITY: How practical is it to implement the idea? JOBS: Potential for Job Creation. TIME: Timescale required for delivery. RESOURCES: Availability of the required resources and skills. IMPACT: What impact will this project have? Fingal County Council fingal.ie What Can we do now? Economic Development Services However there are ways we can enhance our services to clients: 1. Respond to requests for assistance from business quickly and effectively 2. Act as facilitators to empower the business community to deliver some projects directly 3. Establish credible, regular communication with the business community 4. Demonstrate leadership and work in partnership with the business community for the economic and social benefit of the entire region Fingal County Council fingal.ie Outcomes Economic Development Services Stage 1: Consultation Stage 2: Evaluation Stage 3: Implementation Fingal County Council fingal.ie Outcomes Economic Development Services . Delivered the message that we work in partnership with business. Delivered the message that we work in partnership with business Developed potential partners in future plans or ideas. Demonstrated willingness to listen and engage with our clients, our rate payers Made our intention to lead the economic development of the county known to other major stakeholders Opened lines of communication By actively engaging and consulting the business community in this process Fingal County Council have: Fingal County Council fingal.ie Primary Findings Economic Development Services Fingal County Council were not only mandated by the business community, large and small, to lead the economic development of Fingal but that they were also trusted to do so Business community recognised that the power, resources and leadership comes from within the Local Authority and that they were ready and willing to be part of it by providing support , ideas and action in their sectors or communities Potential for mutually beneficial relationship Fingal County Council fingal.ie Economic Development Team Fingal County Council fingal.ie Dublins New Northwest Enterprise Zone Nicholas OKane Planning Department Fingal County Council Working Together for Success Fingal County Council fingal.ie 121 Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dublin 15 Enterprise Zone A Prime Location A Proven Location A Progressive Location Fingal County Council fingal.ie A Prime Location Dublin 15 Enterprise Zone Fingal County Council fingal.ie A Key National Economic Asset 1571 hectares 16,920 employees 20 individual Business Parks 1,095 business premises 779 premises occupied 316 unoccupied 1.18 million sqm 716.5 ha undeveloped zoned & serviced land available Dublin 15 Enterprise Zone Fingal County Council fingal.ie Exceptional Location Exceptionally well served by road, sea and air transport Dublin Airport 8km - c. 15 minutes Dublin Port 10km - c. 25 minutes Bound by M50, M3 and M2 High capacity distributor roads with cycleways 5 separate Dublin Bus routes Dublin 15 Enterprise Zone Fingal County Council fingal.ie Significant Investment Roads Water Foul Electricity Gas Telecommunications Broadband Evidence 779 businesses are currently operating Investment focused on undeveloped zoned land Dublin 15 Enterprise Zone Fingal County Council fingal.ie Significant Investment M2/N3 link road opened 2013 21 million euro All services provided Opened up 240 hectares of zoned land Pallas foods 32,000sqm facility Dublin 15 Enterprise Zone Fingal County Council fingal.ie Community Blanchardstown, a suburb of Dublin 100,000 population 100,000sqm retail, 3 hotels, theatre, cinema, restaurants Local retailing - Tyrrelstown, Mulhuddart and Corduff An extensive housing stock to meet all needs Amenities parks, national sports campus, golf courses Dublin 15 Enterprise Zone Fingal County Council fingal.ie Education Institute of Technology Blanchardstown Trinity College Dublin, University College Dublin, Dublin City University, National College of Ireland Young, talented, professional population High quality graduates from Irish universities Foreign talent basing itself in Dublin Dublin 15 Enterprise Zone Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie A Proven Location Dublin 15 Enterprise Zone Fingal County Council fingal.ie Survey Surveyed every building in the Zone Survey carried out between Feb 2013 and Aug 2013 1095 survey sheets filled out, one for each premises Talked directly to c. 700 businesses Information sought: building floor area building use employee numbers signage general comments Dublin 15 Enterprise Zone Fingal County Council fingal.ie Key Industries number of employees by use 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 1 office industry warehousing other Dublin 15 Enterprise Zone Fingal County Council fingal.ie floor area by use in sqm 0 50000 100000 150000 200000 250000 300000 350000 1 office industry warehousing other vacant Dublin 15 Enterprise Zone Fingal County Council fingal.ie Sqm per Persons per Use: Office, R&D, High Tech: 21.5sqm per person Industrial: 81sqm per person Warehousing : 103sqm per person Dublin 15 Enterprise Zone Fingal County Council fingal.ie Top 20 Companies IBM Paypal Symantec Xerox Wincanton Kepak Supervalu Bristol Myers Squibb Tech Group Masterlink Rottapharm Helsinn Birex Pharma Coca Cola HBC Viking Direct Alcatel Lucent Ipsen BCW Covidien Perigord Pallas Total 8641 employees Dublin 15 Enterprise Zone Fingal County Council fingal.ie Top 20 represent over 50% of total employment 17 of top 20 businesses are Foreign Direct Investment FDI companies represent over 50% of total employment Indigenous businesses key component Average number of employees per business = 21 persons per top 20 = 432 persons per business (excluding top 20) = 10.7 persons Working Together for Success Dublin 15 Enterprise Zone Fingal County Council fingal.ie Clustering Pharmaceutical Neighbours: The Tech Group Rottapharm Helsinn Birex Pharma Ipsen Covidien Astellas Bristol Myers Squibb Dublin 15 Enterprise Zone Fingal County Council fingal.ie Clustering R&D, High Tech. Office and Advanced Manu Neighbours: IBM Paypal Symantec Xerox Alcatel Lucent Perigord Digiweb Synopsys Innalabs Guidewire Dublin 15 Enterprise Zone Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie Land Availability LAND USE TOTAL (HECTARES) AVAILABLE DEVELOPMENT LAND HEAVY INDUSTRY 151 98.65 GENERAL EMPLOYMENT 858.6 477.8 HIGH TECHNOLOGY 346 140.05 TOTAL 1355.6 716.5 Land Availability Dublin 15 Enterprise Zone Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie Property Availability 316 units available (29% of the total units) 212,529 sqm of floor space currently not in use (18% of total floor area) Dublin 15 Enterprise Zone Fingal County Council fingal.ie number of businesses by use 0 50 100 150 200 250 300 350 1 office industry warehousing other vacant Dublin 15 Enterprise Zone Fingal County Council fingal.ie employee numbers by estate 0 500 1000 1500 2000 2500 3000 3500 4000 4500 1 damastown ballycoolin rosemount corporate park 1 nwbp1 corporate park 2 stadium business & tech park millenium college business campus orion nwbp3 nwbp4 base nwbp2 plato other Dublin 15 Enterprise Zone Fingal County Council fingal.ie Existing Businesses Parks Dept. Name Existing Business Parks Fingal County Council fingal.ie Planning Fingal Development Plan 2011-2017 Within Last Year Alexion Pharma Pallas IBM Symantec Rottapharm Tech Group All granted within 8 weeks none appealed Dublin 15 Enterprise Zone Fingal County Council fingal.ie Testimonial IBM Ireland "Like the leaders who run businesses and shape industries, citizens want to be surrounded by innovations and technologies that bring transformation and offer real progress. Which is why, our location in Mulhuddart is helping IBM to bring more collaborative working relationships across businesses, and industries, by drawing in this ever more active engaged citizenry in Fingal who are working to make this region smarter." Dept. Name Dublin 15 Enterprise Zone Fingal County Council fingal.ie Testimonial - Symantec Symantec's operations in Ballycoolin have grown and changed with the evolution of the company, but all through the process Fingal County Council have been a trusted partner. Symantec's presence has evolved from a manufacturing facility to one of our key office locations, and as the headcount has increased, FCC have provided support and guidance along the way. The reasons Symantec came to Ballycoolin remain valid - the location, the workforce, the proximity to airport and city, and the infrastructure has continued to improve, but what has emerged as a key reason for being here is the supportive environment, led by the local authority Working Together for Success Dublin 15 Enterprise Zone Fingal County Council fingal.ie Business Feedback Improved Directional Signage and Corporate Signage Environmental Improvements Additional Services/Facilities Dublin 15 Enterprise Zone Fingal County Council fingal.ie A Progressive Location Dublin 15 Enterprise Zone Fingal County Council fingal.ie A Key National Economic Asset One of the largest employment zones in Ireland Significant investment over previous 20 years Coordinated strategic approach to build on success Bringing 20 individual business parks together to become one enterprise zone Dublin 15 Enterprise Zone Fingal County Council fingal.ie Branding, Promotion and Marketing Branding corporate name and logo Website interactive map testimonials upload details of unoccupied units Brochure similar to website Dublin 15 Enterprise Zone Fingal County Council fingal.ie Management Directional Signage Corporate Signage Environmental Improvements Dublin 15 Enterprise Zone Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie 157 Other Uses: Retail/Showrooms 606 Educational 414 Community 146 Medical 18 Recreational 18 Blanchardstown Employment Study Fingal County Council fingal.ie 158 Fingal County Council fingal.ie Dublin 15 Enterprise Zone Dept. Name Fingal County Council fingal.ie Future Planning and Development Landownership FCC become significant landowner. Companies like doing business with LA as landowner. 11 of top 20 companies on FCC/IDA land Services Need for additional facilities in the area Dublin 15 Enterprise Zone Fingal County Council fingal.ie 161 Recommendations Blanchardstown Employment Study Fingal County Council fingal.ie Future Planning and Development SDZ Certainty Fast track development Strategic approach All agency involvement Legibility Landmark Buildings at prominent locations Dublin 15 Enterprise Zone Fingal County Council fingal.ie Accessibility Infrastructure and Services Company Presence Clustering Community and Population Lifestyle and Leisure Property Availability Land Availability Education and Skills Housing Planning Dublin 15 Enterprise Zone Why Invest? Fingal County Council fingal.ie Developing an Entrepreneurial Ecosystem is Everyones Responsibility Prof. Tom Cooney Prof. of Entrepreneurship Dublin Institute of Technology @thomasmcooney Working Together for Success Building an Entrepreneurial Ecosystem in Fingal More new firms? More firms? Better firms? Fewer firm failures? More jobs? Less unemployment? Higher productivity? Overcoming disadvantage for groups? Two Key Choices 1.More (new) firms or better firms? 2.Delivery via Micro or Macro policies Choice 1 More (new) firms Better firms General Firm Creation Policies For Higher levels of firm (and job) churning is associated with subsequent increases in net job growth and productivity increases New (not small) firms are one major source of jobs (some for short periods of time, some for longer). Some firms grow (creating jobs) by expanding the economy, others by driving out competitors leading to off-setting job losses with less net job creation Against Promoting firm creation is a waste of resources 2/3rds die in six years and 20 employees after 5 years. It encourages optimistic but poorly resourced individuals to take a risk and in many cases make their own position worse The link between general firm creation rates and economic development remains opaque Better Firms For Significant job creation takes place in only a tiny proportion of firms It is the gazelles that transform an economy by changing the economic and competitive landscape Business Support programmes that are selective are successful Business Links (UK), Vigo Accelerators (Finland) There are too many businesses for everyone to be helped Against Selecting the businesses to support is very difficult The VC sector gets most of its investments wrong but makes its money from the extreme successes It is too politically risky for governments to have this form of payoff Delivering selective policies is really tricky - Denmark Choice 2 Delivery via: Micro policies Macro policies Micro Policies For Every developed country has them Information, training, advice, access to finance, public procurement, export support SMEs expect this form of support on the grounds that governments also help large firms (even more!) Self-report data indicates those using this support find it helpful. It can be targeted at specific types of firms [high tech?] or owners [females?] or locations [areas of deprivation?] Against Careful evaluation studies assessing whether the assistance influences the performance of the assisted firms point to very weak and sometimes no impact Delivering micro policies requires a substantial bureaucracy and an enlightened and well-informed political system It can be very expensive Impact is only apparent in the medium term Most of the public expenditure is not on micro policies Macro Examples Sweden/ Denmark: change the tax and benefits system and facilitate immigration MENA: Get more females into enterprise Mexico: open up the finance markets and reduce state role New Zealand: High speed broadband in rural areas Many low/middle income countries: telephones; water supply; transport What Policies Seem to Work? Varies by problem being addressed Varies by country and region Varies by assessment method used Varies with macro-economic circumstances Varies with level of economic development So, no one size fits all BUT Macro policies seem to have clearer impacts than micro policies Where is the Jury Still Out? Policies to improve access to finance Policies to change attitudes Policies to encourage SMEs to provide more workforce training Policies to provide firms or individuals with advice Resulting Outcomes New and small firms can contribute to economic welfare and development Governments / Councils can contribute to / or reduce that contribution The effectiveness of policies depends on the circumstances of the region Very broadly there seems clearer evidence of the impact of macro policies regulation, tax, macro-environment, competition, policy delivery Less evidence of impact of micro policies on access to finance, advice, training or cultural change This suggests that little can be done at local level that will impact greatly upon the entrepreneurial ecosystem Building From the Ground Up Entrepreneurs must lead the start-up community The leaders must have a long-term commitment The start-up community must be inclusive of anyone who wants to participate in it The start-up community must have continual activities that engage the entire entrepreneurial stack www.youtube.com/watch?v=zXD5vt 0xhyI See http://startupireland.ie/ Recommendations by Entrepreneurship Forum That Could be Adopted in Fingal Introduce a Register for volunteer entrepreneurs who would be willing to visit schools to engage with students at local level. Develop a registry and process for Office Hours to facilitate entrepreneurship mentoring (peer-to- peer mentoring is hugely effective). Establish volunteer peer-mentoring initiatives, organised and facilitated by individuals, entrepreneurs, and industry representative groups. Programme support to be geared toward enhancing a collaborative start-up community and give before you get culture. As part of an entrepreneurship cultural awareness campaign, create entrepreneur heroes which highlight and celebrate role models inclusive of the under-represented profiles (female/youth/immigrants etc.) as well as the represented profiles. Agencies to facilitate an initiative among large companies to allow staff to volunteer to go into start- ups, giving specific technical and management advice, financial expertise, mentoring etc. One-hour webinars should be hosted by Agencies and industry organisations on a monthly basis featuring topics that enable entrepreneurs to manage their businesses more effectively, and that people can access in their own time. Introduce an online business matchmaking service to help connect those with business ideas with potential co-founders (Start-Up Fingal). Establish a website and e-mail list (hosted and run by volunteers in the private sector) that lists activities, training, postings, events (e.g. Whats up in Fingal). Successful entrepreneurs should consider establishing accelerator programmes in their local area, with a mind to investing or encouraging investment in the accelerated companies. Vertical market accelerators are the avenue most recommended. Develop a co-working model that will work in Ireland, to include leveraging unused public buildings and NAMA buildings Conclusion Fingal has many great advantages and resources (primarily in terms of infrastructure) Challenges include that people and businesses in the area are transient Introduction of LEOs to County Councils provides a great opportunity for a fresh approach Need to establish an Enterprise Strategy that is very clear in terms of what Fingal CC is seeking to achieve Politicians, support agencies, entrepreneurs, teachers, etc all have an important role to play in developing the ecosystem Ask not what Fingal is doing for you, but what you are doing for Fingal Fingal County Council fingal.ie Join us for lunch Dont miss the opportunity to network when we conclude at 1.00pm. Working Together for Success Fingal County Council fingal.ie Closing Address Mayor Cllr. Kieran Dennison Working Together for Success @KieranDennison Fingal County Council fingal.ie Fingal Ambassadors Be an ambassador for Fingal Working Together for Success Fingal County Council fingal.ie Closing Address Mayor Cllr. Kieran Dennison Working Together for Success @KieranDennison Fingal County Council fingal.ie Working Together for Success Fingal Mayors Economic Conference 2014 Supporting Business