Economic Development Coalition to unveil next job creation plan at Metro Economy Outlook

Bruce Katz, policy adviser on economic and urban development at the Brookings Institution in Washington, D.C., will be the keynote speaker at this year's Asheville Metro Economy Outlook, on Sept. 17.

On Thursday, Sept. 17, at the 16th annual Asheville Metro Economy Outlook, the Economic Development Coalition for Asheville Buncombe County will present their next iteration of the AVL 5×5 initiative, the EDC’s job creation strategy.

This next step, Vision 2020, will be presented at 5:30 p.m. along with the insights of keynote speaker Bruce Katz, an internationally-renowned policy adviser on economic and urban development at the Brookings Institute in Washington, D.C.

Katz will present his findings on thriving metropolitan areas, including building a more productive, resilient economy and the growth of urban innovation districts.

“Bruce Katz’s work is timely and relevant to our region’s economic development efforts and our goal of growing higher-wage jobs,” said Heidi Reiber, director of research for the Asheville Area Chamber of Commerce and EDC, in a press release. “His insightful research points to cities that are leading the charge in attracting many high-wage jobs in innovation-centric industries.”

As for the newest 5×5 campaign, the EDC writes that this plan “is an evolution of the first five years, which far surpassed the community’s goals of attracting and growing higher wage jobs and capital investment.”

From 2010 to 2015, the AVL 5×5 initiative brought in $1 billion in capital investment and 6,385 jobs.

“Asheville’s AVL 5×5: Vision 2020 is a testament to the power of collaboration between public, private and civic leaders,” Katz remarked in the press release. “It is a step toward a more vibrant metropolitan economy that can compete in the 21st century marketplace and create good jobs for the residents of the Asheville region.”

The Metro Economy Outlook takes place on Thursday, Sept. 17, at the Biltmore Estate, beginning with a networking session at 4:45 p.m. The official program, running from 5:30-7 p.m., costs $20 for Asheville Chamber members, $25 for the public and is free for students. To attend the event, register here.

From the Economic Development Coalition:

The 16th Annual Asheville Metro Economy Outlook announced it will feature Bruce Katz, an internationally-renowned policy adviser on economic and urban development at the Brookings Institution in Washington, D.C. As the keynote speaker on Thursday, September 17, Katz will present research on the leading role of metropolitan areas like Asheville in building a more productive, resilient economy and the growth of urban innovation districts that foster a new type of economic development.

The Metro Economy Outlook is presented by Dixon Hughes Goodman LLP and VanWinkle Law Firm. The Economic Development Coalition will share the new public plan for AVL 5×5: Vision 2020, Asheville and Buncombe County’s job creation strategy for the next five years. Networking starts at 4:45 p.m. and the program will begin at 5:30 p.m. at the Lioncrest on the Biltmore Estate.

Bruce Katz is a vice president at the Brookings Institution and founding director of the Brookings Metropolitan Policy Program. A leading expert on innovation districts, Katz co-authored The Metropolitan Revolution (Brookings Press, 2013) on the emerging metropolitan-led “next economy” and leading metropolitan areas that have produced more and better jobs driven by innovation, exports and sustainability. He regularly lectures on urban and metropolitan issues to large audiences across the U.S., from civic events to universities, and in recent years was invited to present in countries such as China, Germany, Great Britain, Italy and South Africa.

In 2008 Katz served on the president’s transition team for the U.S. Department of Housing and Urban Development, where he was chief of staff during the Clinton administration. He is a graduate of Brown University and Yale Law School.

“Asheville’s AVL 5×5: Vision 2020 is a testament to the power of collaboration between public, private and civic leaders,” said Katz. “It is a step toward a more vibrant metropolitan economy that can compete in the 21st century marketplace and create good jobs for the residents of the Asheville region.”

“Bruce Katz’s work is timely and relevant to our region’s economic development efforts and our goal of growing higher-wage jobs,” said Heidi Reiber, Director of Research for the Asheville Area Chamber of Commerce and EDC. “His insightful research points to cities that are leading the charge in attracting many high-wage jobs in innovation-centric industries.”

Coming off a successful five years of AVL 5×5 with $1 billion in capital investment and 6,385 direct and indirect new jobs announced, the EDC’s Executive Director Ben Teague will present plans for the new AVL 5×5: Vision 2020. The strategic plan is an evolution of the first five years, which far surpassed the community’s goals of attracting and growing higher wage jobs and capital investment.

The event is open to the public and will be held on the Biltmore Estate starting at 4:45 p.m. with networking, followed by the program from 5:30-7 p.m. Cost to attend is only $20 for Asheville Chamber members, $25 for the public, and registration is free for students. Attendees should register in advance on the Chamber’s website: http://web.ashevillechamber.org/events.

Metro Economy Outlook sponsors include Dixon Hughes Goodman, VanWinkle Law Firm, Asheville Citizen-Times, Duke Energy Progress, ERC Broadband, Roberts & Stevens, Asheville Savings Bank, Carolina Alliance Bank; McGuire, Wood & Bissette, P.A. Attorneys At Law; BMW of Asheville, TD Bank, Amplified Media, HomeTrust Bank, UNC Asheville, WCQS Public Radio, BP Solutions Group and FASTSIGNS.

The Metro Economy Outlook is offered by the Asheville Area Chamber of Commerce and Economic Development Coalition for Asheville-Buncombe County (EDC).

About the EDC

The Economic Development Coalition (EDC) for Asheville-Buncombe County is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions.  The EDC accomplishes this mission through its four core services: business retention and expansion, small business and entrepreneurship, research, and marketing and recruitment.  The EDC is funded by Buncombe County, the City of Asheville, the Town of Weaverville, the Asheville Area Chamber of Commerce and the AVL 5×5 Campaign. Visit www.ashevillechamber.org/economic-development.

The Asheville Area Chamber of Commerce is a member organization with over 1,800 member businesses and organizations. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of building community through business. The Chamber is home to a 4,000 square foot Visitor Center which welcomes over 200,000 visitors per year. To get active in the Chamber, visit www.ashevillechamber.org.

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About Hayley Benton
Current freelance journalist and artist. Former culture/entertainment reporter at the Asheville Citizen-Times and former news reporter at Mountain Xpress. Also a coffee drinker, bad photographer, teller of stupid jokes and maker-upper of words. I can be reached at hayleyebenton [at] gmail.com. Follow me @HayleyTweeet

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One thought on “Economic Development Coalition to unveil next job creation plan at Metro Economy Outlook

  1. sharpleycladd

    Tax revenue to the private sector to do the uplifting that’s government’s brief. Sounds legit.

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