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UTB-CBIRD Report: “At the Crossroads” Conclusions & Recommendations 161 Industry/Talent recruitment is an important and long-standing strategy for regional development. However, this strategy often leads to enhanced regional competition and win-lose scenarios as neighboring communities seek to out-bid each other with tax breaks and other recruitment incentives. Such competition is most prevalent in current U.S. economic development environments that are challenged by domestic corporate downsizing and off-shore corporate growth, especially in labor intensive and low value-added (non-knowledge-based) industries. Retaining and growing regionally-based industry and talent focuses public and private resources on firms and human resources that already have a presence in and a loyalty to the area. Facilitating the growth of talent and new company start-ups emphasizes the importance of regionally-based entrepreneurship for diversifying the local economy for enhanced wealth and job creation. These two economic development strategies -- Industry/Talent Retention & Expansion and New Industry/Talent Development -- have been key to the accelerated wealth and job creation of most successful and innovative technology/knowledge growth areas in the U.S. including Silicon Valley, CA; Boston, MA; and Austin, TX. 1 Figure 6. 2. Four Interrelated Strategies for Regional Knowledge-Base Development Industry/Talent Recruitment Industry/Talent Retention and Expansion Creative & Innovative Partnerships Regional, National, Global For Leveraged & Smart Regionally-Based Development New Industry/ Talent Development Source: IC² Institute, The University of Texas at Austin Creative and innovative regionally-based academic/business/government partnerships are key for knowledge-base economic development to “take-off” and “leap-frog” national and global competition. In the 21 st Century, geographic regions are the most appropriate unit of analysis for examining changes and opportunities for economic and social development. Defining an economically meaningful region is not so much a matter of national borders or geographic size, but rather of finding areas where educational, economic, cultural and other linkages are strong or could be stronger relative to external linkages. The Lower Rio Grande Valley-Northern Mexico Border Region is a distinctive binational, bicultural, bilingual region. 1 Please refer to The Rise of the Creative Class: And How It’s Transforming Work, Leisure, Community and Everyday Life, Richard Florida, 2002l; and Creating the Technolpolis: Linking Technology Commercialization and Economic Development, edited by Raymond W. Smilor, George Kozmetsky, and David V. Gibson. One Region, One Future The Cameron County/Matamoros region needs a clusterbased strategy built on cross-border cooperation targeting higher-value added industries and components.
UTB-CBIRD Report: “At the Crossroads” Conclusions & Recommendations 162 As emphasized throughout this report, the Cameron County/Matamoros Border Region, as well as the Lower Rio Grande Valley, is at a crossroads in terms of (see Figure 1.2): ⇒ Business and industry development for accelerated wealth creation and the growth of globally competitive, career oriented jobs ⇒ “Closing the Gaps” in education in terms of participation, success, excellence, research, and workforce training for 21 st Century jobs ⇒ Maintaining and enhancing an accessible quality of life for all the region’s citizens and countering the regional “brain drain” of some of the most capable workers and professionals ⇒ Visionary leadership that fosters regional and binational strategies for action Key to the border region meeting these challenges is enhanced leveraging of local industry assets, education and training, government and foundation resources, and community and cultural assets and knowledge to foster the regional and binational development of talent, knowledge, capital, and know-how for accelerated development, Figure 6.3. Figure 6. 3. Networking & Leveraging Regional and Binational Institutions & Knowledge for Accelerated Regional Development Industry: Small, Mid-Sized & Large One Region – One Future Education & Training Federal, State & Local Governments BINATIONAL COMMUNITIES/CULTURES Talent Knowledge Capital Know How Accelerated Regional Development Collaboration Coordination Cooperation Foundations Una Region -- Un Futuro Source: IC 2 Institute, University of Texas at Austin Talent 1 --- whether the focus is on technology-, civic-, or social-entrepreneurship (please refer to Section I and Figure 1-2) --- refers to the entrepreneurial drive, tenacity, dedication, and hard work of special types of individuals or champions--people who make things happen. Talent without ideas is like seed without water. The entrepreneurial process is underway when talent is linked with knowledge that can be embodied in processes or technologies. Talent facilitates the push and pull of the transfer process where knowledge is applied to solve 1 The following descriptions are adapted from the writings and presentations of Dr. George Kozmetsky, Co-Chair, CBIRD Bi-National Advisory Board and Chairman of the Board, The IC² Institute, The University of Texas at Austin. Una Region, Un Futuro Institution-based excellence – whether it be academic, business, or government -- is NOT sufficient.
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CAMERON COUNTY/MATAMOROS AT THE CRO
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For George and Ronya Kozmetsky Dedi
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There is no choice in whether this
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University of Texas at Brownsville;
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SECTION 4. EDUCATION & TRAINING INT
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SECTION 6. CONCLUSIONS & RECOMMENDA
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Tables 3. 1. Respondents' Professio
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SECTION 6 Figures 6. 1. Border Secu
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Cross-Border Patient Needs: Develop
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UTB/TSC Student Profile Wage Compar
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⇒ EDUCATION & TRAINING INTRODUCTI
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⇒ ECONOMIC DEVELOPMENT This secti
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Page 183 and 184: APPENDICES
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