Study will develop road map for state's economic development efforts
Wednesday, September 18, 2013 2:15 PM
The Iowa Partnership for Economic Progress has commissioned the Battelle Technology Partnership Practice to re-envision the state's economic development road map.
In doing the study, the Columbus, Ohio, research and development group will work with the Iowa Economic Development Authority and regional economic development organizations in the state. When completed, the study will pinpoint Iowa's industry drivers and growth opportunities.
It also will review the state's progress since its last road map in 2004-05. Specifically, Battelle is charged with:
- Assessing the recent trends in the state's industry clusters on innovation, business retraction and business retention.
- Identifying specific market niches for existing and emerging industries.
- Developing population strategies and workforce generation, retention and attraction strategies to support the state's economic development efforts.
The study is expected to cost about $400,000 and is being financed privately. It will take place over the next year.
The Iowa Partnership for Economic Progress is a CEO-level board that is co-chaired by Gov. Terry Branstad and Lt. Gov. Kim Reynolds within the state's Economic Development Authority.