Planning in the Knowledge Economy

MSU Center for Community & Economic Development

Talent

« Co-Learning Plans

Talent attraction and retention has become an important factor in the development of the new knowledge economy. According to Richard Florida, "Regions develop advantages based on their ability to quickly mobilize the best people, resources, and capabilities required to turn innovations into business ideas and commercial products. The nexus of competitive advantage has thus shifted to those regions that can generate, retain, and attract the best talent."

Each of the three districts identified a co-leaning action plan module asking for technical assistance in the general area of talent attraction and retention. NWMCOG is interested in talent attraction strategies augmented by sense of place enhancement. NEMCOG wants assistance in stemming the out-migration of young talented persons from their region. EUPRPDC is concerned with the need to attract the highly skilled workers needed by the medical community. All three regions said that the proposed co-learning action module would primarily be technical assistance/capacity building.

We propose providing technical assistance to the three regions in developing a one-day workshop designed to address talent. Possible topics could include:

  • Talent attraction
  • Talent retention
  • A panel on what works and what doesn't work
  • EUPRPDC could lead a session on the recruitment of medical workers

To help develop a response we are looking for:

  • Examples of talent attraction projects that can help answer the question of what works and what doesn't work
  • Research studies on the question of talent development, retention and attraction
  • Individuals who have experience, knowledge or ideas about this topic

Talent Team

The Talent Retention and Attraction team is a collaborative body consisting of economic development agencies, universities, and governmental agencies created with the goal of understanding and developing strategies to retain and attract talented individuals to Northern Michigan's rural areas. This team is part of a larger project initiated by Michigan State University's Center for Community and Economic Development (CCED), funded by grant support through the Economic Development Administration in October 2008, to develop innovative economic development strategies for three Northern Michigan Regions - the Eastern Upper Peninsula Regional Planning and Development Commission, the Northeast Michigan Council of Governments, and the Northwest Michigan Council of Governments. The project was developed to support and create new knowledge jobs in each of these regions by competing more successfully in the global knowledge economy. By understanding the dynamics and demands of the global knowledge economy, regional leaders can better align their regional investment priorities with those demands.

The talent retention and attraction team seeks ways to grow the knowledge economy in these regions by retaining leaders of creativitity and industry that currently reside there, as well as attracting new talented professional and entrepreneurial leaders to the area. By retaining and attracting these individuals, the three partner regions will be better equipped to compete globally in the knowledge economy.

Talent Documents

External Links

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