Peterborough Ecosystem for Economic Development June 13 th

Peterborough Ecosystem for Economic Development June 13 th Meeting

Creation of a vibrant ecosystem to support and enhance the health and development of the town’s economy, A network, a process, and a system of interconnecting and interacting parts Purpose Support the achievement of agreed upon goals, mutual goals, unique goals Ensure optimum communication and that all voices are heard Create a structure that is a valuable internal resource to all, a complementary arm of the Town administration, and an excellent marketing asset

An economic community supported by a foundation of interacting organizations and individuals. The economic community produces goods and services of value to customers, who are themselves members or potential members of the ecosystem. The member organisms also include other stakeholders. ECOSYSTE M Over time, they coevolve their capabilities and roles, and tend to align themselves with the directions set by one or more central [players]. Those [players] holding leadership roles may change over time, but the function of ecosystem leader is valued by the community because it enables members to move toward shared visions to align their investments, and to find mutually supportive roles.

Ecosystems typically bring together multiple players of different types and sizes in order to create, scale, and serve markets in ways that are beyond the capacity of any single organization. Their diversity—and their collective ability to learn, adapt, and, crucially, innovate together—are key determinants of their longer-term success. ECOSYSTEM S Participants are additionally incentivized by shared interests, goals, and values, as well as by the growing need to collaborate in order to meet increasing demands, to invest in the long-term health of their shared ecosystem, from which all can derive mutual benefit. Through collaboration and enhanced connectivity across specialized capabilities and resources, ecosystems develop new, co-created solutions that address fundamental needs and desires and growing societal challenges.

An ecosystem is about the dynamic interactions between things. It’s about how people meet, talk, trust, share, collaborate, team, experiment, and grow together. When an ecosystem thrives, it means that the people have developed patterns of behavior – or culture – that streamline the flow of ideas, talent, and capital throughout a system. Different from a Network or a Cluster (not just fluffy talk) The word ecosystem is important because its growing usage points to a profound shift in how society thinks of economic value. It says that individuals matter. That their actions can transform industries, even the entire world. That little things can make a big difference.

Ecosystem Example ITRC – Export Development State of NH OIC NE States Academia UNH & SNHU International Trade Resource Center PRIVATE SECTOR Sponsors Etc. NON-PROFIT NHITA WACNH NHHTC etc Federal Government SBA/SBDC Eximbank DOC

Ecosystem Example NH Tech Ecosystem Businesses SMEs Corporations Associations & Groups Funders Angels VCs Academia NH TECH ECOSYSTEM Legislators Biz Dev Resources

ECOSYSTEM EXAMPLE APP for the Taxi Industry Safe Home Universities Big Data Blocking Uber, etc. National Contracts Regulators Bars Taxi Business per Community Corporations Monitored Billing Assisted Living Co-Branding & Customer Service Restaurants Co-Branding & Customer Service Hotels Co-Branding & Customer Hospitals Service Customer Service & Additional Contracts/Revenue Source Community Service

Original Ecosystem Brain-Dump Ecosystem Committee Retailers BEA Merchants’ Assn SBDC Tourism Makerspace MAx. T Chamber of Commerce Our Town/Angels/VCs Realtors Entertainment Farmers Arts Cornucopia/SKITTLE Rotary EDA Committee School System Town Management Library

Brain-Dump continued Historic Commission Intentional Communities Conservation Comm. Cultural Mariposa Buddhist Center New business pipeline Sustainability efforts Recreation Dept Religious Community Particular People

Ecosystem Participants as of Today Jeanne Dietsch - Hub Pete Throop - Hub Mollie Kaylor – Business Development, R & E Karen Hatcher – Hub & Food/Ag Roy Schlieben – Business Development, R & E Nate Morison – Hub & Food/Ag? ? Christine Dennler – TBD Sean and Martha – Hub & Tourism Corinne Chronopoulos – TBD Michelle Voto – Hub or Education? Joshua Velasquez – Food/Ag Adam Hamilton – Hub or Other? Chubb Whitman – Business Development, R&E James Kelly – Hub & Sustainability/Environment & Business Development, R & E Amelia Tracy – Sustainability/Environment Barbara Miller – Downtown Vitality? Andy Peterson – TBD SBDC – Business Development, R&E

Next Steps Communication Plan? Who or what is missing? Other seeding industries or sectors Culture and the arts? Help with the creation? Contoocook Housing Trust Education? Help with the creation? Nail down existing structures/groups/initiatives Who? When do they meet? Best means for communication? Point Person? Structure for meetings, feeding information, sharing, cross marketing, etc.