Welcome & Thank You Leon Weigel, Treasurer Ward Craig June 11, - - PowerPoint PPT Presentation
Board of Directors Kristie Homeier, Chairman Mallory Davis, Vice Chairman Welcome & Thank You Leon Weigel, Treasurer Ward Craig June 11, 2018 SPARC grant Dr. Paul Lampert Community Introduction Meeting Joleen Lawson Marty Myers
Board of Directors Kristie Homeier, Chairman Mallory Davis, Vice Chairman Leon Weigel, Treasurer Ward Craig
Joleen Lawson Marty Myers Jeff Ochampaugh Morgan Vonfeldt Mark Popp Marvel Castor John O. Farmer, IV Angela Muller, Executive Director
June 11, 2018 – SPARC grant Community Introduction Meeting
Workshop Agenda
How can we do a better job of leveraging more significant value with the generous gifts of un-restricted funds contributors have entrusted us to manage? What does “more significant value” look like?
A task-force was formed to tackle these questions and return to the board with a proposal by February 2018 board meeting.
OBJECTIVE OF THE FIRST TASK FORCE MEETING WAS TO ANSWER THE QUESTION…
“More Significant Value” for un-restricted funds means…
Through a couple of these discovery meetings it was confirmed with almost unanimous consensus that working together (collaboration) is needed and we need more projects that impact or set the stage for longer-term impact upon economic development.
We also learned that there is no shortage of ideas for big projects!
The full RCACF board voted unanimously to approve the new SPARC grant as proposed by the task force.
Dante Alighieri The SPARC grant is designed to provide the “spark” to ignite meaningful results.
Step 1: Collaborative groups interested in applying for a SPARC grant begin with the submission of a Letter of Inquiry (LOI) which broadly presents the project overview. Step 2: The SPARC selection committee will invite a limited number of LOI applicants to proceed with a formal application. These selected applicants will receive technical assistance grants to help complete their applications. Step 3: Applicants will meet with the SPARC selection committee to make a formal presentation and answer questions about their proposed project.
PROJECT PROMOTES ECONOMIC DEVELOPMENT THERE ARE COLLABORATIVE PARTNERS PROJECT HAS LONG-TERM, MEASURED IMPACT
Grant Timeline
to finalists
Grant Funding
The SPARC grant is potentially a multi-year program (1-3 years) awarding $75,000 to $175,000 total to a project(s) that promotes
PROJECT PROMOTES ECONOMIC DEVELOPMENT THERE ARE COLLABORATIVE PARTNERS PROJECT HAS LONG-TERM, MEASURED IMPACT
Letter of Inquiry (LOI)
Section 1
Project Description/Economic Impact
Section 2
Collaboration All proposals should include collaborative planning among multiple
description of their contributions to the project.
Section 3
Project Funding
year using a budget form.
funding request per year
and how you would spend the funds
Finalists are eligible for technical assistance grants up to $2,000 to further develop their project proposal
Funds can be used for research, consultation, exploration trips or visits, or anything else that will help improve the qualification of the application and the chances of the project success. Some applicants will receive technical assistance grants that are not awarded a SPARC grant… perhaps this will provide the application a “head-start” for the next SPARC grant cycle.
Sections 4 & 5
Section 4: Measuring Long-Term Impact
Section 5: Organization Information
institution, church, other
HOW DOES PROJECT PROMOTES ECONOMIC DEVELOPMENT WHO ARE YOUR COLLABORATIVE PARTNERS (2+) HOW DOES YOUR PROJECT RESULT IN LONG-TERM, MEASURED IMPACT ON RUSSELL CO AREA
SPARC Grant Applications Will be Scored Based Upon these Foundational Questions
Janae Talbott, Director, Russell Co Economic Development and CVB
The Two Sectors of Economic Drivers:
New and Developing:
Industry
Existing:
Business – expansion of product, service, or employees.
Reaching your destination:
Core Measurements (traditional)
creation
Collected
Development
Rate Indicators of Core Measurements
generation)
(Grants/Investment/Tourism)
infrastructure improvements,
Recreation, Transportation, Parks, etc.
additional sources can be…How many houses have sold? How many commercial properties have sold or developed? School enrollment numbers, etc.
Baseline Data – Russell County
Data current as of June 2018:
Employment Map (lower part of page)
rscotreasurer@ruraltel.net, 785.483.2251
Office: rscogis@gmail.com, 785.483.6650
Russell County Economic Development and CVB, 331 E. Wichita, Russell, Ks 67665 Phone: 785-483-4000 / www.russellcoks.org Facebook: Russell County Cult ltiv ivatin ing g Know
ledge dge, Cult ltiv ivat ating ing Communit unity, Cult ltiv ivating ing Change ange
Janae Talbott, Director rced@russellks.org
– Betty Johnson, Dane G. Hansen Foundation
Betty Johnson, CFRE Betty Johnson & Associates June 11, 2018 Russell, KS
Today’s Outcome What is strategic cooperation? Why do it? How to do it successfully
Strategic Cooperation Two or more groups pooling resources to achieve mutually agreed upon outcomes and increased success
Why get involved in a strategic collaboration? Can accomplish more together than alone Can enhance success, productivity Raise awareness. Raise visibility. Build relationships with others who help you fulfill your mission. Capacity building.
cont
Why get involved in a strategic collaboration? Mutual goals and outcomes Financial It just makes sense!
Advantages of Strategic Cooperation Shared risks Knowledge sharing/learning Opportunity for growth Complexity Innovation
Cont
Advantages of Strategic Cooperation Faster outcomes Costs/finances Networks Economies of scale
Disadvantages of Strategic Cooperation Sharing: information/knowledge skills resources Potential uneven alliances Loss of some control (but can gain as well)
Common mistakes Unrealistic expectations Underestimated complexity of project Lack of understanding on what is involved Time commitment Reactive vs proactive Governance Poor agreement document
Conversations – internally and externally Preliminary requirement and measurements Benchmarking data Performance objectives Develop partner profile who are we? who are they? List of potential partners Due diligence
How to be successful at Strategic Cooperation Clear understanding in writing Time to put it together Limited alliances Good communication, connection Shared values ethics
cont
How to be successful at Strategic Cooperation Creation of trust and goodwill Respect Commitment to meet timelines expectations Clear goals – who is doing What? When? Compatibility Commitment to long-term Measurements
Can you do it? Start small. Delegate. Enjoy.
Betty Johnson & Associates
c.785.313.3632 bettyjohnsonassociates@yahoo.com
Board of Directors Kristie Homeier, Chairman Mallory Davis, Vice Chairman Leon Weigel, Treasurer Ward Craig
Joleen Lawson Marty Myers Jeff Ochampaugh Morgan Vonfeldt Mark Popp Marvel Castor John O. Farmer, IV Angela Muller, Executive Director