|


Haverhills
Golden Opportunity to Boost
Relevance in Global Economy
- April 30, 2008 -
|
John Michitsons preliminary
recommendations on how to leverage Governor Patricks designation
of Haverhill as one of 16 regional growth districts |
By John Michitson
Governor
Deval Patrick of Massachusetts visited Haverhill in April to
announce that the City is the first of 16 regional "growth
districts" designed to be magnets for new business development.
The "regional growth districts" are key to the Governors
long-term economic development strategy for the State. The districts
are targeted for older mill towns and cities near highways or
other transportation. The state will help the city or town clear
land, secure needed permits and improve infrastructure in the
hopes of luring businesses.
This presents a golden opportunity
for Haverhill to boost its relevance in the global economy and
find its niche in the creative and innovative economies.
The Governor has focused much
of his energy to date on the bio-tech and clean energy sectors.
The bio-tech industry is clearly centered in Greater Boston,
while the clean energy sector is more dispersed across eastern
Massachusetts.
However, one look at the Merrimack
Valley Economic Development Councils (MVEDCs) nifty
new web site at http://www.merrimackvalley.info/
reveals that the life sciences, clean energy and green technology
sectors have a presence in the cities and towns to the west of
Haverhill, but not in Haverhill or the cities and towns to its
east.
Preliminary Thoughts on How to
Reverse Trend
I had the pleasure to attend
a regional economic development meeting this past week sponsored
by the Merrimack Valley Planning Commission (MVPC) (http://www.mvpc.org/.)
The MVEDC and the MVPC play complementary roles in economic development.
MVPC tends to focus on supporting infrastructure and long term
trend analyses, while the MVEDC works directly with industry.
Both organizations should play key roles in developing and implementing
economic development plans across the region including
the plan to help Haverhill leverage Governor Patricks regional
growth district designation. Two key strategies discussed that
could be applied in Haverhill and region are highlighted below.
Agility is Key Enabler
While large Federal and State
grants serve a useful purpose in developing infrastructure, agile
funding mechanisms that have less red tape are needed to lure
emerging creative and innovative companies. This could be a loan
pool with $50K stipends that are fast tracked to qualifying businesses.
Quickly identifying and preparing
available properties for immediate use was also identified as
a priority. If the traditional model is followed, it may take
several years to acquire Federal and State grants to redevelop
a property. Bob Halpen, MVEDC President and CEO, astutely commented:
that equates to 2-3 business cycles for the companies seeking
a facility. Mr. Halpen suggested to identify and redevelop
five properties from across the region to show tangible progress.
Stakeholder Collaboration across
Region Critical to Success
There was wide agreement that
the various stakeholders from across the region, including academia,
financiers, Government and industry, need to collaborate to help
each other succeed in the global economy. The Merrimack Valley
Regional Innovation Network (MVRIN) is being developed to provide
both on-line and face-to-face emerging technology collaboration
opportunities at places like NECCs Technology Center in
Haverhill, so that partnerships can readily be formed to co-develop
new products and services. Doing business abroad was cited as
an example benefit of regional collaboration. Perhaps a partner
has had success in doing business in China and can share those
best practices across the region, as opposed to each company
starting from scratch on their own. Workforce development is
a key ingredient for success. That includes providing our children
with the appropriate knowledge and skills for the 21st century.
It is recommended to identify
two of Bob Halpens five pilot sites at Haverhills
Hilldale Industrial Park and at a mill building in the downtown
respectively. The Hilldale Industrial park is ripe for next generation
companies while the downtown is in dire need to diversify. An
influx of creative and innovative jobs and talent with pizzazz
would suit the downtown well. Then, perhaps Haverhill can become
the Innovation Hub of the eastern edge of the Merrimack Valley,
like it once was.
|