Economic and Community Development Committee

COLUMBIA ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE MEETING AGENDA THURSDAY, DECEMBER 17, 2020 The Columbia Economic and Community Development Committee will conduct a meeting on Thursday, December 17, 2020 at 12:00 p.m. using Video Conferencing Technology. The meeting will be streamed online at www.columbiasc.gov. CALL TO ORDER COMMITTEE DISCUSSION 1. Columbia Technology Plan - Mr. Ryan Coleman, Economic Development Director ADJOURNMENT Page 1 of 1  1 MEETING DATE: December 17, 2020 DEPARTMENT: City Clerk FROM: Erika Hammond, City Clerk SUBJECT: Columbia Technology Plan - Mr. Ryan Coleman, Economic Development Director FUNDING SOURCE & ORIGINAL BUDGET: FOCUS AREAS: Economic Prosperity - Endless Possibilities ATTACHMENTS:  FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (PDF) Updated: 12/16/2020 11:44 AM Page 1 Packet Pg. 2  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Columbia’s Economic Development Action Plan Knowledge Economy Cluster Development Strategy for the Columbia Region June 25th, 2020 Packet Pg. 3  1.a Table of Contents Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Genesis of Columbia’s Economic Development Action Plan 3 Prioritized Industry and Value Chain Segment Intersections 4 Innovation Pillar – Detailed Opportunities 5 Workforce Pillar – Detailed Opportunities 18 Incentives Pillar – Detailed Opportunities 30 Economic Development Pillar – Detailed Opportunities 38 Consolidated Economic Development Action Plan 45 Governance Framework Considerations 57 Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2 4  1.a Genesis of Columbia’s Economic Development Action Plan Metro Columbia stakeholders seek to develop and execute a strategy by which to increase and then maintain Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : higher levels of investment in knowledge-based enterprise operations Background The Columbia metro region has achieved consistent success for decades in attracting and growing industrial-based enterprise activities like Manufacturing and Logistics and Distribution. There is a growing perception amongst Columbia’s economic development and relevant stakeholder community that the region is not achieving success commensurate to its capabilities in attracting knowledge-based enterprise activities like IT, R&D, and specialized business processes in fields like FinTech, Cybersecurity, AI, Data Analytics, etc. Call to Action Columbia region stakeholders seek to establish an action-oriented roadmap for increasing investment in knowledge- based enterprise activities and executing against that plan in order to cultivate the development of knowledge-based industry clusters in the Columbia region Action Plan Rollout Deloitte Consulting has worked with local, county, and state-level stakeholders as well as select private enterprises to identify and evaluate Columbia’s most urgent needs in terms of targeted investment attraction tools and capabilities. This document introduces target segments and peer community attributes and capabilities and further presents and prioritizes capability development initiatives across four key pillars to Columbia’s economic development action plan: Innovation, Workforce, Incentives, and Economic Development Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.3 5  1.a Prioritized Industry and Value Chain Segment Intersections After conducting an initial visioning workshop with stakeholders, Deloitte worked with project team members Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : to establish a priority list of segments to be targeted by the ED action plan Healthcare Software & IT Value Chain Financial Services Information Aerospace Biotechnology Medical Devices Services Technology Design, Development & Testing (R&D) ✓ ✓ Business Operations/Service Delivery ✓ ✓ ✓ Manufacturing ✓ ✓ ✓ Distribution ✓ Commercial Activities ✓ Headquarters ✓ Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4 6  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Research, Innovation, and Partnerships Pillar Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.5 7  Outer band = Less control/influence 1.a Research, Innovation, and Partnerships Cluster Framework 1 Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Demand and Interaction Body of Scientific Policy Framework and 1 Close linkage between research 2 Knowledge 3 Leadership objectives and customer Assets of extensive scientific Clear policy framework and effective demand knowledge in core areas governance structure and leaders Inner band = More control/influence 4 5 6 7 Guidance Model Market Orientation Access to resources & Manifesto Guide innovation initiatives Vision and value that define the An understanding of funding through clear ownership and customer needs through Access to funding via various direction of innovations effective collaboration market research channels 8 9 Spatial Factors ‘Local’ Engine Advantages of the local Existing local assets communities (e.g. housing, education, employment options) 10 Talent and Teams Ability to attract, develop and retain talented scientists and researchers 11 12 Collaboration Have the governance and Self Direction infrastructure in place to Autonomous innovation teams promote collaboration across that do not require significant organizations supervision 13 Intensity High performing innovation and research teams that bring intensity to their work 1. For the sake of clarity we have identified 13 separate components of the Research, Innovation, and Partnership System. In reality these components frequently overlap and reinforce each other Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.6 8 TOPMOST LAYER 1.a Research, Innovation, and Partnerships (1/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations ▪ Ranking No. 1 in the University Technology Transfer and Commercialization Index by UofSC Office of Economic Engagement (OEE) Milken Institute, University of Utah has a DEMAND AND INTERACTION successful Technology and Venture should continue to develop the depth and 1▪ Develop close and interactive linkages breadth of the team dedicated to Research Commercialization (TVC) office that regularly between research and customers to Commercialization and Innovation engages with university researchers in improve the quality and output of both assessing the commerciality of early-stage ▪ Continue to grow and scale their capacity research, applying for patents and developing research and product innovation to guide companies and faculty throughout strategies for commercializing IP’s Segment Scale Research the process of formal licensing. Continue 2 ▪ NC State’s Office of Research Agnostic Commercialization to develop a deep bench of capabilities with Commercialization (ORC) plays a crucial role in BODY OF SCIENTIFIC KNOWLEDGE additional specialists in licensing, BD, and protecting and promoting univ. research legal matters 2▪ In its own right an extensive and discoveries and intellectual property. The distinctive body of scientific knowledge ▪ IP Management: Continue to grow and office has specialists in licensing, business (insights, methodologies, tools, data scale their assistance program in IP creation development and legal matters and people) is a distinguishing and licensing process for companies, ▪ More examples include U of Pittsburg’s university, faculty and entrepreneurs Innovation Institute; U of Oklahoma’s Office characteristic of leading research clusters. Retaining world class of Technology Commercialization; Columbia knowledge is critical in order to University's Technology Ventures identify and attract both talent and Establish a crowdsourcing platform to leading edge collaboration partners address critical innovation needs in Columbia’s ▪ US Defense Advanced Research Projects priority sectors and value chain segments Agency decided to crowdsource its next- generation amphibious fighting vehicle in 2012 ▪ A new innovation council or similar kind of after shutting down its traditional POLICY FRAMEWORK & LEADERSHIP organization (potentially led by SCRA), selects procurement, which had already cost 3▪ Clusters are not simply the result of the highest demand industry-generated needs taxpayers $13 billion. The winning design was organic activities but grow because of for which to crowdsource solutions and align announced in April 2013, just six months after deliberate interventions. This has three capital and funding from a variety of the competition was launched Segment Crowdsourcing avenues: crowdfunding, Special Source important consequences: 1 Agnostic Platform Revenue Bonds, Non-profit Philanthropy Orgs., ▪ Allstate sponsors crowdsourcing • Need for a clear policy framework Sovereign Funds, etc. competitions, an example of which resulted in a liability prediction model that was 271% • Development of effective ▪ Crowdsourcing can be realized through more accurate than their original one governance structures, and, competitions where researchers/innovators submit proposed solutions to the committee ▪ Fresno California crowdsourced solutions to • The appointment of strong solve asthma public health issue with a $2 collaborative leaders ▪ Funding is provided to winning team(s) to million bond. They issued an RFP on their come to Columbia and further develop their platform and granted funds to the top 3 ideas Copyright © 2020 Deloitte Development LLC. All rights reserved. innovative concepts Columbia Cluster Development Strategy Capability Development Packet Pg.7 9 SECOND LAYER 1.a Research, Innovation, and Partnerships (2/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations There is a need for incubators and incubator ▪ Columbus, Ohio’s Rev1 Labs functions as a outreach/development programs in combination incubator-accelerator solution MANIFESTO Cybersecurity (such as SC Cyber), FinTech/ and has specific programs and accelerator InsurTech, and Medical Devices segments offerings tailored to the following segments 4▪ Develop a manifesto to define research (amongst others): ▪ Leverage the capabilities of SCRA’s clusters purpose, values and behavior • FinTech and InsurTech Innovation Centers, UofSC’s Columbia and create a collective mind set Technology Incubator, SC Business • Digital Health and Healthcare IT GUIDANCE’ MANAGEMENT MODEL Incubator Association, Scribble, and • Life Sciences local entrepreneurs to develop a 5▪ The complexity of advanced research distinguished local incubator program that ▪ Rev1 Labs provides a variety of co-working requires a thoughtful approach to focuses directly on the needs of Columbia’s space options, including 400 West Rich, a influencing and motivating individuals priority target segments manufacturing warehouse turned multi- and teams. The overriding emphasis functional arts complex and co-working space ▪ UofSC and South Carolina should proceed should be on guidance as opposed to with existing plans for the new medical ▪ Phoenix entrepreneurial ecosystem produces management, particularly in the early Strengthen school with an attached Medical successful startups through its incubators, stages of discovery Columbia’s Segment Technology Innovation Center to provide such as the Center for Entrepreneurial Network of Sector 7 Innovation (for emerging tech, bioscience MARKET ORIENTATION Agnostic medical innovation connected assets focused and renewable energy) and SEED Spot (for 6▪ Effective innovation requires a detailed Incubators ▪ There appear to be space constraints social entrepreneurs) understanding of current, emerging limiting immediate scalability of and anticipated customer needs Columbia’s existing incubator resources ▪ Ann Arbor SPARK program provides through market research, forums, Entrepreneurial Services to help startups • SCRA should keep using renovated customer relationships and attract capital, talent, customers and warehouses to provide infrastructure strategic resources, and Business complimentary space for teams and Development Services for established ACCESS TO RESOURCES AND FUNDING co-working space/incubator companies, promoting growth/reinvestment 7▪ Successful clusters are characterized • UofSC could leverage existing or new ▪ The Capital Factory in Austin, an 80K SF by the ability to attract funding from facilities to provide space for coworking space wherein 900 tech-focused multiple sources (federal, corporate, teams/companies, such as USC events are conducted in collaboration with Columbia Technology Incubator VC, etc.) 150+ tech mentors. Along with support on ▪ Funding: Leveraging funding from SCRA, fundraising, recruiting, IP, etc., the center ▪ Creating these sources of funds is the helps entrepreneurs/small businesses to UofSC, and the Local and State Economic central challenge in setting up and Development Offices collaborate with industry and investors maintaining a cluster Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.810 SECOND LAYER 1.a Research, Innovation, and Partnerships (3/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Leveraging existing capabilities of SCRA, SC ▪ Charlotte’s Queen City Fintech’s 12-week Launch and UofSC to create specific accelerator program is designed to mature Accelerator Programs for the priority fintech startups through mentorship from MANIFESTO segments that are fixed-term, cohort-based, banking executives, BDs, VCs and attorneys 4▪ Develop a manifesto to define research which provide seed funding, mentorships, ▪ CyberLaunch invests in a select number of clusters purpose, values and behavior industry connections, etc. to selected startups in startups twice a year and brings them to and create a collective mind set Columbia area Atlanta for 3 months and provides access to capital and mentors to help them launch ‘GUIDANCE’ MANAGEMENT MODEL ▪ The existing innovation center at UofSC and ▪ Flashpoint Program at Georgia Tech, a SCRA could be leveraged to establish 5▪ The complexity of advanced research startup accelerator, teaches entrepreneurs Segment Accelerator specialized incubator-accelerator requires a thoughtful approach to 7 what they need to know to get their early-state Agnostic Program services for FinTech/InsurTech and influencing and motivating individuals business model off the ground Healthcare IT startups, focused on rapidly and teams. The overriding emphasis developing technologies and business models ▪ Iowa’s Global Insurance Accelerator, should be on guidance as opposed to in these areas based in Des Moines, is a mentor-driven management, particularly in the early program that supports startups/entrepreneurs stages of discovery ▪ Likewise, UofSC and SCRA should also with VC, insurance industry mentorship and consider establishing a new accelerator training programs MARKET ORIENTATION offering for Biotechnology and Medical ▪ Hartford’s InsurTech Accelerator funded by 6▪ Effective innovation requires a detailed Devices startups as a part of an initiative to a quasi-public entity, overseeing state's build an innovation center at its new medical Innovation Places program, focusing on understanding of current, emerging school campus InsurTech, matching grants from insurers and anticipated customer needs through market research, forums, customer relationships and infrastructure ACCESS TO RESOURCES AND FUNDING 7▪ Successful clusters are characterized by the ability to attract funding from multiple sources (federal, corporate, VC, etc.) ▪ Creating these sources of funds is the central challenge in setting up and maintaining a cluster Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.911 SECOND LAYER 1.a Research, Innovation, and Partnerships (4/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations ▪ Cybersecurity Programs developed in ▪ San Antonio Chamber of Commerce created partnership between industry and academia a Cybersecurity cluster, through collaboration (UofSC, MTC), including Internships, among local start-ups and forming relationships MANIFESTO Apprenticeship, Innovation and Consortium to units operating in the San Antonio area. 4▪ Develop a manifesto to define research Initiatives included: ▪ At K12 level, conducting Coding Bootcamp/ clusters purpose, values and behavior Hackathons, Coding Academics, Competitions • CyberTexas supported middle/high school and create a collective mind set ▪ Increase financial support and add additional students in their cybersecurity studies and helps connect them with industry mentors ‘GUIDANCE’ MANAGEMENT MODEL assets/ capability to existing UofSC OEE and MTC industry outreach; enhance applied • Higher Education Engagement: 5▪ The complexity of advanced research research through collaboration with local start- colleges/universities developed courses that Cybersecurity fills the gap of skills and talent in cyber requires a thoughtful approach to Software & ups and established companies (e.g. IBM) Innovation 7 influencing and motivating individuals IT • Cybersecurity Innovation Center: • Cyber Bootcamp has helped provide Ecosystem and teams. The overriding emphasis leveraging space at McNair Center to business skills for retiring military personnel should be on guidance as opposed to establish an incubator or accelerator and and help them develop commercial ideas management, particularly in the early collaborate with applied research partners ▪ Colorado is a major market for emerging stages of discovery (e.g. SC Cyber/ UofSC) cybersecurity companies, led by root9B. The ▪ Develop connections with the military to sector is supported by large defense MARKET ORIENTATION support their cyber projects. Initiatives with operations. The National Cybersecurity Fort Gordon Cyber Command and Savannah Center is in partnership with U of Colorado 6▪ Effective innovation requires a detailed understanding of current, emerging River Site should be encouraged (e.g. SC ▪ Phoenix Cyber Center serves as a region-hub and anticipated customer needs Cyber/ growth of top-secret research contracts for top-tier cyber education, public and private and military contracts) community resources. through market research, forums, customer relationships and infrastructure ACCESS TO RESOURCES AND FUNDING 7▪ Successful clusters are characterized by the ability to attract funding from multiple sources (federal, corporate, VC, etc.) ▪ Creating these sources of funds is the central challenge in setting up and maintaining a cluster Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1012 SECOND LAYER 1.a Research, Innovation, and Partnerships (5/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Access additional grants and diversify funding sources to increase scalability of support MANIFESTO and enablement of Applied Research in partnership with priority sectors 4▪ Develop a manifesto to define research ▪ Increase the existing SCCC, SC Launch and clusters purpose, values and behavior UofSC OEE offices’ involvement for grant and and create a collective mind set funding for applied research in collaboration with start-ups/mid-size companies on ▪ Utah Science Technology and Research ‘GUIDANCE’ MANAGEMENT MODEL Initiative (USTAR), the technology-based Customized Factory of Future research initiatives and 5▪ The complexity of medical research Cybersecurity related efforts EDA of Utah – provides the University Applied Research Technology Acceleration Grant (UTAG) requires a thoughtful approach to Segment Solution in 7 ▪ Provide space at the USC/Columbia influencing and motivating individuals Agnostic • The program is designed to advance the Partnership with Innovation Center or other/new incubators to and teams. The overriding emphasis Industry qualified research teams in the targeted areas maturity of technology that has been should be on guidance as opposed to – advanced manufacturing, IT/Cybersecurity, developed in the university lab to management, particularly in the early Life Sciences catalyze it toward commercialization stages of discovery ▪ UofSC’s OEE should be resourced to MARKET ORIENTATION maximize their ability to have a more significant/proactive role in recruiting 6▪ Effective innovation requires a detailed industrial partners for applied research understanding of current, emerging projects, and continue assisting in negotiating and anticipated customer needs contracts and agreements through market research, forums, customer relationships and infrastructure ACCESS TO RESOURCES AND FUNDING 7▪ Successful clusters are characterized by the ability to attract funding from multiple sources (federal, corporate, VC, etc.) ▪ Creating these sources of funds is the central challenge in setting up and maintaining a cluster Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1113 SECOND LAYER 1.a Research, Innovation, and Partnerships (6/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Create the business, education and social environment to establish a brand as a MANIFESTO Technology Corridor to attract hi-tech companies. Elements required to scale: 4▪ Develop a manifesto to define research ▪ Develop Community initiatives including clusters purpose, values and behavior UofSC and MTC faculty programs, and create a collective mind set networking events, conferences, industry ‘GUIDANCE’ MANAGEMENT MODEL mentors, etc. ▪ Jacksonville's Innovation Corridor with sizable investments and research in sensory 5▪ The complexity of medical research ▪ Provide collaboration spaces in the form of data collection, next-generation technology, requires a thoughtful approach to co-working shops, incubators, accelerators or automated vehicles, etc. influencing and motivating individuals innovation centers ▪ Charleston, SC’s Digital Corridor (LINK) and teams. The overriding emphasis Financial ▪ Access to capital for companies in the attracts, nurtures and promotes the region's should be on guidance as opposed to Services, corridor, supplement with tax incentives, Technology tech economy through an array of impactful management, particularly in the early 7 training and recruiting incentives, etc. Corridors programs, products and events stages of discovery Software & IT ▪ Companies who locate in an ‘Opportunity ▪ Savannah Logistics Technology Corridor MARKET ORIENTATION Zone’ of the Corridor can enjoy reduced in Georgia comprised of business, state, property taxes, or benefit from foreign education, and community stakeholders 6▪ Effective innovation requires a detailed investments through the development of tech corridor that understanding of current, emerging ▪ Increase the level of collaboration between supports logistics technology development and anticipated customer needs local governments and universities/technical through innovation and investment through market research, forums, customer relationships and colleges to identify potential technology infrastructure corridors across the Richland and Lexington county region. As examples, ACCESS TO RESOURCES AND FUNDING MTC’s Enterprise Campus and Lexington 7▪ Successful clusters are characterized County’s Chapin Business & Technology Park by the ability to attract funding from could be identified as potential technology multiple sources (federal, corporate, corridors for the future VC, etc.) ▪ Creating these sources of funds is the central challenge in setting up and maintaining a cluster Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1214 THIRD LAYER 1.a Research, Innovation, and Partnerships (7/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Columbia has an opportunity to reinvent the region’s InsurTech Industry Association that ‘LOCAL’ ENGINE has very recently not been active 8▪ Clusters are heavily shaped by local ▪ Establish a refined mandate and refreshed conditions and it is critical to determine value proposition for participating which current (or future) factors or ▪ Existing employer interviews revealed that organizations ‘local’ engines will drive innovation. This there is a genuine desire amongst Columbia’s requires ED leadership to: insurance industry/InsurTech players to ▪ Predicate success of relaunched association establish a stronger degree of collaboration • Determine key distinctive local on extensive, consistent and sustained assets with UofSC and re-establish a collaborative collaboration with UofSC and continued cluster forum • Work with and engage key local involvement of MTC in the space InsurTech Industry stakeholders Association ▪ InsurTech represents a compelling • Investment in options based on long Financial ▪ A re-established/revitalized Association Revitalization and 8 opportunity to establish an annual national term benefits, e.g. multiplier effects Services should develop a talent hub or directory – Annual Innovation summit/conference that could enhance the or the ability to create sustained Summit a way for many ex-PMSC and InsurTech prominence of Columbia as a leading growth, rather than short tern ROI startups spun out of PMSC (such as TCube, innovative cluster in the field criteria Duckcreek, EagleEye Analytics, etc.) to collaborate socially and professionally ▪ FINTECH GENERATIONS: Charlotte’s conference attended by fintech SPATIAL FACTORS ▪ The refreshed organization can have as one entrepreneurs, professionals and investors of its core mandates the creation of a new was held virtually in June 2020 9▪ The importance of spatial factors like annual InsurTech Innovation Summit in alternative employment options, collaboration with the UofSC’s Office of housing and education reduce the risks Economic Engagement, the university’s associated with start up environments McNair Institute for Entrepreneurism and (providing fall back alternatives) while Free Enterprise, and the South Carolina creating opportunities for two income Council on Competitiveness families ▪ Housing and education directly ▪ Increase brand recognition, size and determines the attractiveness of a exposure of the annual SCBIO conference, region, particularly for families and add Columbia to list of locations for the ▪ NC Biotechnology: established more than Biotech, Life Science SCBIO annual conference 35 years ago, has hosted many conferences Medical Conferences and 8 in Life Sciences on various topics ranging Devices Symposium ▪ Consider applying to host some of the from “Medical, Biomedical & Biodefense” to world-renowned conferences in Life “Global Health Leadership Forum” Sciences such as “BIO World Congress on Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Industrial Biotechnology and Ag Tech” Packet Pg.1315 THIRD LAYER 1.a Research, Innovation, and Partnerships (8/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Leverage existing strengths already in place at UofSC in manufacturing-focused fields of ▪ Singapore’s Agency for Science, ‘LOCAL’ ENGINE engineering and supply chain as a catalyst for Technology and Research (A*STAR) collaborative economic development encourages the development of industry- 8▪ Clusters are heavily shaped by local relevant manufacturing technologies which conditions and it is critical to determine can be brought to commercialization in the ▪ Strengthen collaboration between which current (or future) factors or coming years Columbia’s economic development ‘local’ engines will drive innovation. This community and private enterprise • Focus areas include AI, Industrial requires ED leadership to: leveraging high-profile assets like the Internet-of-Things (IIoT), additive • Determine key distinctive local Develop Strategy McNair Center to strengthen the city’s manufacturing, data analytics for assets on Next Gen reputation as a hub for next-gen predictive maintenance and asset Aerospace 8 • Work with and engage key local Manufacturing manufacturing technologies, potentially optimization LINK stakeholders Technology prioritizing Aerospace and then expanding the model to other priority ▪ Edison Technology Centers, Columbus • Investment in options based on long (OH) provide product/process innovation term benefits, e.g. multiplier effects segments and commercialization services to both or the ability to create sustained established and early-stage tech businesses growth, rather than short tern ROI ▪ Columbia should leverage its strong criteria academia and industry assets available ▪ PolymerOhio: Networking group of in AI, IIoT, Cyber Security, Supply polymer companies, leading academic Chain and Data Analytics to strengthen agencies and service providers to develop SPATIAL FACTORS its manufacturing technology capabilities Ohio’s polymer industry and infrastructure 9▪ The importance of spatial factors like alternative employment options, A strengthened and diversified fiber network housing and education reduce the risks could enable the outskirts of the metro to be associated with start up environments more competitive in attracting new data center (providing fall back alternatives) while investments creating opportunities for two income Financial ▪ Madison promotes its Open Data city ▪ Larger-scale enterprise data centers are families Services/ status, providing collaborative fiber-optic often deployed in relatively remote areas Healthcare network serving education, health, ▪ Housing and education directly Fiber Network 9 (suburban/rural outskirts of larger metros), IT/ government, and organizations anchor determines the attractiveness of a especially when such areas have a robust Segment startups and established companies in region, particularly for families and diverse network of fiber-based Agnostic Madison and its neighboring area telecommunications providers ▪ The Columbia region’s ease of commuting from and into the city further enhances the value proposition Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1416 INNERMOST LAYER 1.a Research, Innovation, and Partnerships (9/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Enhance the UofSC OEE’s centralized function to create industry and academic collaboration by providing more resources to the OEE ▪ Maryland Industrial Partnerships (MIPS) COLLABORATION (personnel and funding) promotes the development and ▪ 10 Create a clear direction, incentives and commercialization of products and a ‘boundary less’ environment to enable ▪ Increase the awareness and collaboration processes through industry/university effective collaboration across teams and between the OEE and faculties from all research partnerships. MIPS provides Enhance organizations departments matching funds to help Maryland companies collaboration 10 pay for the university research SELF DIRECTION among industries ▪ Provide more value-added services to and the university 11 ▪ Self directing teams, which combine industries such as providing real estate / lab ▪ NC State has an Office of Partnerships and different skills and talents without space on or near campus, testing service Economic Development that attracts significant management supervision, and equipment investment and help facilitate job creation are a critical element of high by partnering with companies, faculties and performing research environments Segment ▪ Connect with highly qualified students for innovators Agnostic internships and co-ops and full-time INTENSITY opportunities with companies ▪ High performing innovation 12 Most faculty are evaluated based on academic environments are characterized by a research, however, it is recommended to add clear mission, high levels of industry collaboration as additional criteria to collaboration, urgency, excitement and enhance the research objectives and market a sense of progress which results in ▪ Georgia Tech: Faculty performance demand intense working practices (without for Faculty evaluation includes industry collaboration top down pressure or incentive Recruitment and 13 ▪ Incorporate industry collaboration as a systems) Performance ▪ Wichita State: Faculties are rewarded priority when recruiting and evaluating Evaluation financially with the level of funding they TALENT AND TEAMS faculty bring to the university ▪ 13 Talent management includes ▪ Incentivize faculty by offering a bonus for developing individual skills, behavior the magnitude of funding they can get for and motivation, and building processes research to attract, develop, value and retain talented scientists across a region Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1517 INNERMOST LAYER 1.a Research, Innovation, and Partnerships (10/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations Columbia’s Economic Development stakeholders ▪ Start In Wisconsin (LINK): Online platform should actively collaborate with robust S.C. for entrepreneurs to find and access resources Innovation Hub (LINK), the online tool for the housed across government agencies, COLLABORATION state’s innovation community – supplying educational institutions and entrepreneur ▪ Create a clear direction, incentives and individuals and businesses within the tech sector support organizations. It includes: 10 a ‘boundary less’ environment to enable a platform to access resources and connections. • Searchable database of regional/statewide effective collaboration across teams and ▪ Priority would be to curate an exhaustive organizations organizations Directory of directory of Columbia and its counties startup • Calendar of relevant events and networking Regional and and entrepreneurial resources opportunities SELF DIRECTION Segment Statewide Startup 13 Agnostic ▪ Enabling the tool to instill confidence in • Telephone hotline for 1-on-1 help and & Entrepreneurial 11 ▪ Self directing teams, which combine entrepreneurs that Columbia is a thriving referrals to nearby entrepreneur support Resources different skills and talents without and supportive environment to start a organizations significant management supervision, business ▪ North Carolina’s Southeast’s website has a are a critical element of high ▪ Greater community awareness of the role of list of entrepreneurial resources including performing research environments the economic development community in funding access, networks, innovation centers INTENSITY supporting startups and growth of small (LINK) businesses, along with improved governance ▪ New York also lists a comprehensive list of ▪ High performing innovation 12 and coordination resources for entrepreneurs (LINK) environments are characterized by a clear mission, high levels of ▪ Hive @ Central, Phoenix Public Library: collaboration, urgency, excitement and The space is part of the Entrepreneurship a sense of progress which results in Outreach Network, bringing together intense working practices (without for Enhance the value of Richland Library inventors, problem-solvers, entrepreneurs and top down pressure or incentive Coworking Center in Columbia (LINK) as a small businesses systems) Technology Collaboration space wherein tech- focused events can be hosted ▪ Ohio’s Akron-Summit County Public Library TALENT AND TEAMS Technology Microbusiness Center is another example ▪ Along with support on fundraising, recruiting, Collaboration ▪ 13 Talent management includes and IP, the centers can help entrepreneurs ▪ Columbus Ohio’s OCLC (Online Computer Segment Center and developing individual skills, behavior 10 and small businesses to collaborate with Library Center) Agnostic coworking spaces and motivation, and building processes industry leaders and investors in the public • The world’s largest library cooperative, with to attract, develop, value and retain ▪ The library-based Technology library System a mission to provide further access to the talented scientists across a region Collaboration Center could also serve as a world’s information by reducing costs and center of excellence for virtual improving services through shared, online collaboration with participants and resources cataloging located outside Columbia • A worldwide organization, OCLC Copyright © 2020 Deloitte Development LLC. All rights reserved. membership comprises 74,000 libraries, 16 Columbia Cluster Development Strategy Capability Development archives and museums in 170 countries Packet Pg. 18 INNERMOST LAYER 1.a Research, Innovation, and Partnerships (11/11) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Columbia or Peer Community Segment Element Description Development Implementations ▪ Huntsville became a center for rocketry since WWII and has evolved to a center for scientific innovation with institutions like COLLABORATION ▪ Enhance collaboration between McNair Redstone Arsenal, HudsonAlpha (think tank), Aerospace Center and Shaw Airforce Base ▪ 10 Create a clear direction, incentives and NASA (e.g. Marshall Spaceflight Center, DOD/DOE and perhaps other military/federal a ‘boundary less’ environment to enable Space Camp) Aerospace Technology 10 establishments with the overarching effective collaboration across teams and Spillover objectives of augmenting local research organizations ▪ Huntsville benefits from military technology capabilities and strengthening the supply of – NASA’s Saturn V rocket and the SELF DIRECTION military talent into Columbia’s private sector technological advances that helped put 11 ▪ Self directing teams, which combine Americans on the Moon were created in different skills and talents without Huntsville-Madison County significant management supervision, are a critical element of high performing research environments INTENSITY ▪ High performing innovation 12 environments are characterized by a clear mission, high levels of collaboration, urgency, excitement and a sense of progress which results in intense working practices (without for top down pressure or incentive systems) TALENT AND TEAMS ▪ 13 Talent management includes developing individual skills, behavior and motivation, and building processes to attract, develop, value and retain talented scientists across a region Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1719  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Workforce, Education and Training Pillar Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.1820  1.a Workforce, Education and Training Framework Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Curriculum Based Learning Episodic Training • College/University Level • Certification programs for employees (could be ongoing) ✓ College/University courses offering on-demand skillsets • Development of Short-term Educational Offerings and ✓ Scholarship and Grants CURRICULUM EPISODIC Episodic Training BASED LEARNING TRAINING ✓ Community College Certification Ongoing educational On-demand talent • Skill and Knowledge Programs offerings for enriching development Development for Middle-Skill, the talent pipeline capabilities, training Middle-Wage or Higher ✓ Apprenticeship Programs being produced by people for a Occupations area high schools, Workforce, particular company’s • High School Level colleges, and Education and needs, in a specific • Applied Research with Industry universities Training skill or industry Integrated ✓ Apprenticeship Programs Framework ✓ Coding Academics ✓ Coding Bootcamp/Hackathons CANDIDATE IDENTIFICATION Candidate Identification & RECRUITMENT Candidate Recruitment • Assess industry skill needs and Support mechanisms for • Robust one-stop hiring and identify where the talent is available connecting employers seeking to recruitment platform for companies fill critical roles with talent qualified to fill those roles, and job seekers • Evaluate the effectiveness of local enhancing ease and efficiency of training supports in addressing • Smart technology (AI, Robotics, Data their recruiting efforts gaps in talent supply Analytics, etc.) to strengthen job postings and identification of right • Manage and maintain an exhaustive candidates database of candidate resume and talent information • Military Employment Partnership Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.1921  1.a Executive Summary: Workforce, Education and Training Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : CURRICULUM BASED LEARNING EPISODIC TRAINING CANDIDATE IDENTIFICATION & RECRUITMENT ▪ USC must institutionalize agility in matching degree ▪ MTC can develop an updated collection of intermediate- Along with recruiting, assessment, training development, programs and courses to needs of the priority segments. level training programs (for certification or part of management, and implementation services, ReadySC could RECOMMENDATIONS Suggested areas of focus: programming, data analytics, associate’s degree program curriculum) that can be invest in opportunities like: cybersecurity, AI, automation etc. delivered to new hires/candidates of new or growing ▪ Tech to strengthen postings/candidate identification private sector employers in target segments ▪ Robust candidate database ▪ Expand on the best-in-class ‘Apprenticeship Carolina’ and look to add forward-looking initiatives like online ▪ Expand on UofSC’s HIT robust faculty work with ▪ Database of trending on-demand skills required by portals, smart technologies, etc. industry on applied research projects, and target for local employers and potential new employers increased grants/funding, proactivity for recruiting ▪ And, Transitioning Military Employment Partnership ▪ Coding Bootcamps and Hackathons for secondary/high partners and developing a collaboration space school students in software engineering, web or mob dev Industry 3rd Party Partners A Trainings, Curriculum F D B Employment Site Workforce INSIGHT Recruitment C Entry Level Recruiting Development E Platform Agency D Job Postings B A C E Gaps & Strategy The Kentucky STEM Apprenticeship Project realigns their Since 1967, Georgia Quick Start has been collaborating University/ businesses and education resources and using intermediaries to with companies start up and expand their operations by Technical F Data and Technology Employees achieve scale. According to Washington State ED Report, for every customized training programs and providing companies with College dollar spent on apprenticeship taxpayers save $23 a trained workforce ▪ IT-focused Associate’s ▪ Mississippi Coding ▪ Georgia Quick Start and ▪ NC State & BTEC ▪ Louisiana LED FastStart ▪ Alabama AIDT Degree and certification Academics the Technical College PEERS ▪ Indiana Cybersecurity ▪ Seattle Military Family ▪ Tennessee Workforce360° programs at Tampa’s ▪ NYC General Assembly System of Georgia’s Programs Friendly Employment Hillsborough Community Coding Bootcamp Apprenticeship Program ▪ NC Works Partnership College ASSETS Tech High Local USC ReadySC ReadySC MTC USC SCBIO SC CoC SC DEW ReadySC USC SCCC SCBIO Colleges Schools Colleges Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2022  1.a Workforce, Education and Training (1/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ReadySC, Apprenticeship Carolina and the SC Technical ▪ The Oregon Pathways to Apprenticeship performed pilot online delivery of curriculum, mentorship, and work-based College System should continue targeting: 1) Employer learning with rural school districts Involvement; 2) On-the-job Training; 3) Technical Instructions; 4) Paid Work Experience; and 5) Award of ▪ The Rhode Island Youth Apprenticeship Program portable, nationally recognized industry credentials. developed competency based Cyber-Security Analyst Areas of future initiative: Apprenticeship and Data Analyst Apprenticeship Programs ▪ Online delivery of learnings, mentorship, curriculum, ▪ Technical College System of Georgia (TCSG) has teamed etc. for youth and high school students with the US Department of Labor Office of Apprenticeship to ▪ Targeted Industry/Segment Apprenticeship offer students the opportunity to work with Georgia’s Apprenticeship Programs on areas of priority for Columbia such as manufacturing leaders as registered apprentices. TCSG Talent Program Cybersecurity, AI, HIT, Biotech, Advanced Apprenticeship offers programs (e.g. Industrial Systems Manufacturing etc. This may include programs in coding, Technology) that ties directly to occupations (e.g. Industrial software design, data analytics, etc. Maintenance Technician) – LINK • Establish Software & IT Apprenticeship Program ▪ Preparing Today’s Students for Tomorrow’s Tennessee at local colleges and universities and provide create a pilot competency-based machine operator scholarship/grants for select participants apprenticeship LINK ▪ Use of smart technologies (such as machine operated • Lessons learned from the pilot is being used to develop Segment competency data analytics, one-stop online learning an apprenticeship curriculum that aligns with existing Agnostic platforms, etc.); and, increased promotion across high school STEM programs of study in advanced schools, college system, and industry partners manufacturing, computer science, and health care Local colleges and universities must institutionalize agility in matching offerings to needs of priority segments ▪ Suggested areas for program offerings by universities long-term view: 1) Programming, Data Analytics, Database and Large Data Process; 2) AI; 3) Cyber ▪ Based on feedback from company interviews Security; 4) Automation, Robotics; 5) Biopharma Quality Tailoring Local Assurance and Regulatory Affairs College, MTC and ▪ Indiana Cybersecurity Programs: 30+ colleges and University ▪ Suggested that the PhD programs at local colleges and Talent universities with cybersecurity/information security Program universities adopt industry standard research and degrees, certificates programs, or course work; 72 schools Offerings development approach that leverages the Agile in Indiana producing graduates with competencies related Methodology in designing, prototyping and testing to becoming a Cyber Security Analyst ▪ UofSC OEE to grow and create a University Wide capstone class database with descriptions for Copyright © 2020 Deloitte Development LLC. All rights reserved.connecting industry stakeholders with agile student Columbia Cluster Development Strategy Capability Development Packet Pg.2123 project teams in relevant focus areas, which will lead to internships and potential employment  1.a Workforce, Education and Training (2/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted Midlands Tech can enhance its connectivity and responsiveness to the critical skill needs of enterprises in priority segments through working with industry ▪ Georgia QuickStart collaborates with companies to sponsors. MTC should develop an updated collection of analyze needs, design a training plan, develop modules and intermediate-level certification training programs that are materials, implement training and evaluate effectiveness for tailored to the needs of employers in target segments continuous improvement. As part of the training program, for prospective and existing employees: Certificate QuickStart also offers soft skills and culture trainings for • In-demand coding/programming (Software & IT, company employees Programs and Talent Healthcare IT, and Financial Services) Episodic Trainings ▪ North Carolina’s Biomanufacturing Training and • Network Security and Cybersecurity Education Center (BTEC), was established to attract and • Med Device Quality Assurance and Regulatory Affairs expand biomanufacturing in NC by providing educational • Biotech Lab Technician and relevant certifications and training opportunities to develop skilled professionals • CAD/CNC, High-Temperature Welding (Aerospace) for the biomanufacturing industry • IBM Skills Academy, Siemens Advanced Software, CATIA, etc. ▪ Tampa’s HillBorough Community College: Multiple Segment transfer paths from two-year to four-year programs. Agnostic 2-year College to • Expand the current offering of programs and courses Comprehensive offerings across IT disciplines (especially 4-year University to include Software & IT, and Business Data cyber) in Certification and Associate Degrees. A Transfer Analytics and include them in the current transfer commitment to Guided Pathways programs that provides a Talent clear path from the educational programs to careers Programs in IT program (e.g. transferrable to Computer Science and and Business Engineering major and business school at a 4-year ▪ Austin Community College: Offers Bachelor of Applied Data Analytics university) Science in Software Development, Computer Information Technology Program, and transferrable 2-year programs in Computer Science, Computer Information System Columbia should establish a metro area Military Employment Partnership that would serve as primary conduit connecting military workforce supply from ▪ The Military Family Friendly Employment Partnership Transitioning within and outside the region with private sector has been active in Snohomish county near Seattle, WA Military talent demand in the metro and equip them to transition since September 2007. The partnership addresses issues into the private workforce Talent Employment both on the supply side, helping military family members Partnership ▪ Support both the supply side, helping military families find employment, and on the demand side, helping local (including partners) to find employment opportunities, employers tap into a well-qualified workforce pool and the demand side, helping local employers tap into Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development well-qualified workforce Packet Pg.2224  1.a Workforce, Education and Training (3/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ReadySC along with being a Southeast leader in recruiting, ▪ Virginia Talent Accelerator is a turnkey solution for assessment, training development, management, and customized recruitment, screening, and training implementation services, should also look to invest in: • Virginia Jobs Investment Program offers consultative services and funding to companies that ▪ Conduct Workforce Performance Analysis: Work create new jobs or experiencing technological change with companies to understand the training programs, skills required, gaps to resolve, etc. ▪ Georgia QuickStart conducts customized assessment to evaluate candidates and has trained more than a million ▪ Improve quality of life for employees with effective workers, through programs tailored to the needs of the collaboration between companies and workforce regional employer partners to remove roadblocks to getting people to ▪ Louisiana LED FastStart: Offers no-cost, customized work, including transportation issues and childcare issue Connecting employee recruitment, screening, training development, Talent, Operating Employers with and training delivery. The program employs expertise from ▪ Use Smart Technology (AI, Robotics, Data Analytics, Environment Qualified Workers wide range of businesses etc.) to strengthen job postings and identification of right candidates ▪ Alabama AIDT: Job-specific services for pre-employment and on-the-job training along with recruitment, assessment Segment ▪ Manage Database of Candidates’ Resumes and and training services, and offers training facilities Agnostic Skillsets, and use technology to identify the gaps in the ▪ Tennessee Workforce360° is a systematic partnership skills to be filled among state agencies and the higher education system, a project-based system targeting workforce gaps ▪ Work with UofSC OEE to grow and create a University Wide capstone class database with ▪ NCWorks has a range of free services and programs for descriptions for connecting industry stakeholders with expanding businesses – including recruiting services, job agile student project teams in relevant focus areas, training assistance, apprenticeship programs, and special which will lead to internships and potential employment services related to the agricultural workforce LINK • SC should consider expanding SC WINS scholarships University and to train additional workers in the prioritized segments, ▪ The HOPE program in Georgia that grants students with Talent, Operating MTC Scholarships such as Software and IT, and a similar scholarship for financial assistance in degree, diploma, and certificate Environment and Grants Apprenticeship Programs that targeted at program at universities or technical colleges in GA Software, IT, Cybersecurity at four-year institutions Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2325  1.a Workforce, Education and Training (4/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Detroit: Phillips does hackathons through the Black Girls Code program, which gives African-American girls a three- day crash course in app development. But other The City of Columbia should create a Coding Bootcamp and programs provide curriculums spread out over the course of host regular Hackathons. Through these intensive training a summer or several weeks during the school year Segment Coding Bootcamp Talent, Operating programs, students can get practical knowledge they need Agnostic and Hackathons Environment ▪ Mississippi Coding Academies provide a no-cost 11- to land a role in software engineering, web development, or mobile development. month training program that transforms young adults into full-stack coders and software professionals. Three centers across the state are run by their Dev. Authority, Commerce, State Univ. and Industry Contribution Fund Build close collaboration between ED offices and local colleges and universities (through Office of Industry Partnerships) in the following areas: 1) ED offices provide industry connections and help identify Enhance ED talent for key leadership roles with business implications ▪ NC State has a dedicated Office of Partnerships and Collaboration at colleges and universities Economic Development that has 8 full-time employees. It Talent with Colleges and helps organizations save time and money by providing Universities 2) Connect companies with researchers/faculty at local expert assistance and strategic connections colleges and universities Biotechnology 3) Faculty and researchers showcase research capabilities to potential companies looking to locate and expand in Columbia ▪ Work with Midlands Tech College and 4-year universities ▪ NC BioWork certificate program offers a 136-hour course Certificate in developing a certificate program for Quality Assurance that teaches the foundational skills needed to begin a Programs for and Regulatory Affairs, biological technicians, process Talent career as a process technician for a biotechnology or Biological & Lab technicians, and lab technicians for a biotechnology, pharmaceutical companies. The program is targeted for Technicians pharmaceutical, or chemical manufacturing companies high school students or young professionals Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2426  1.a Workforce, Education and Training (5/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Leveraging the UofSC Biotechnology program (existing 4 Introduction courses and faculties in this field), develop an Course in Gene ▪ University of Massachusetts Lowell offers a course in Biotechnology introduction course in gene therapy that introduces the Talent Therapy Viral Vector for Gene Therapy – Manufacturing course - link most common application of gene therapy, regulatory Manufacturing environment, challenges and manufacturing process ▪ Working with colleges and universities and high schools in Columbia area to cultivate students’ interest in ▪ The Annual Georgia BioGENEius Competition recognizes Medical Device sector through: outstanding high school science students in the region, MedTech advancing winners to compete in the National and Medical Competition and ▪ Hosting annual MedTech Innovation Competition, International BioGENEius Challenges Talent Devices Immersion tailored to pandemic solutions as an example; 2) Programs Summer Immersion Programs where freshman and ▪ Georgia BioEd Program offers Summer Bio Immersion to sophomore college students and high school seniors can high school and technical school students and provides have job shadowing experiences at the local Medical them with hands-on training in biotechnology Device companies Update the training programs at Workforce Training Centers and Technical Colleges. Examples: 1) Develop a dual-credit CAD/CNC program with one or ▪ Minnesota State Advanced Manufacturing Center of more of the high schools Excellence meets manufacturers’ need for a qualified work force by providing a core curriculum through 360 eTECH. Aerospace 2) Incorporate laser beam welding training at Midland Developed by our faculty, 360 eTECH curriculum offers Workforce Tech, technical high schools or ReadySC programs Talent students the chance to upskill and develop the technical Training skills needed to build a manufacturing career Programs Aerospace 3) Aerospace parts supplier manufacturing composite related skill training (leveraging McNair Center’s ▪ Huntsville, AL has a high-temperature welding program for research focus on composites) aerospace suppliers 4) Additive (advanced) manufacturing, especially in powered-bed laser printing systems Update the curriculum of the Aerospace Engineering at Long-term colleges and universities to include aircraft structure University Talent ▪ Based on feedback from stakeholder interviews design, advanced manufacturing, and offer hands-on Program Offering experiences at the McNair Center and partnering companies Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2527  1.a Workforce, Education and Training (6/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ For their 2010-2020 Workforce Development Plan, the ▪ Columbia should build a comprehensive training California Workforce Development Board matched the programs in partnership with industry, to develop upper skills and knowledge requirement for Middle-Skill, Middle- and middle management trainings. Examples include: Wage or Higher Occupations to develop prioritized Management programs at their technical colleges and university (LINK, Financial Workshops and ▪ Skills Training: Management of Personnel, Page 301) Talent Services Soft Skills Operation Monitoring, Quality Control Analysis, Soft Trainings Skills, etc. ▪ Heard on interview with a HealthTech company: ▪ Knowledge Training: Administration and “Finding junior to senior level coders and developers has been Management, Telecommunications, Design, etc. a challenge, along with shortfall on clinicians. There is also a lack of HQ upper and mid-level management talent” ▪ Indiana Cybersecurity University Programs: 30+ colleges and universities with cybersecurity/information ▪ Local colleges, universities and Midlands Tech should security degrees, certificates programs, or course work; 72 Long-term consider increasing focus on programs on Cybersecurity, schools in Indiana producing graduates with competencies Software & University and Information Security, Data Analytics, IoT, AI, and Talent related to becoming a Cyber Security Analyst IT MTC Program advanced manufacturing data analytics, as well as Offering offering courses in development students’ soft skills ▪ Austin Community College offers Bachelor of Applied Sciences in Software Development, Computer Science and Computer Information System transfer programs Research grants dedicated to areas where the industry ▪ Purdue Research Park gives $49 million in federal Software & University cluster needs talent. Having local colleges and universities Talent research and development grants for small businesses IT Research Grants involved would improve participation and collaboration brought to Indiana since 1987 LINK ▪ With new areas of HIT becoming popular globally leveraging technologies, such as Telehealth, IoMT (Internet of Medical Things), 5G, etc. ▪ Some of the programs we need to align against: ▪ Columbia should establish strong connections between Target Training enterprises and UofSC programs and Workforce A. Columbus State Community College’s health Healthcare Talent, Operating Programs in • Pharm.D./M.H.I.T. dual degree in medical informatics information management program IT Environment Future Health (in partnership with UofSC College of Pharmacy) Technology B. Ohio State University’s data analytics and biomedical • Division of Biostatistics in the Dept. of Epidemiology informatics programs and Biostatistics at Arnold School of Public Health • Prioritizing “Big Data and Bioinfomatics” as one of its Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2628 primary research areas for UofSC’s College of Nursing  1.a Workforce, Education and Training (7/7) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Expand on UofSC’s Health Information Technology robust faculty work with industry on applied research projects, similar to the way they work with HP (Value added components of EHR equipment), Microsoft ▪ Utah Science Technology and Research Initiative (piloting Microsoft tablet applications with doctors), Intel (USTAR), the technology-based EDA of Utah – provides the (Testing wireless router technology in a healthcare University Technology Acceleration Grant (UTAG) setting) • The program is designed to advance the maturity of ▪ Seek additional grant and funding for applied technology that has been developed in the university lab research projects – supporting and collaborating with to catalyze it toward commercialization start-ups/mid-size companies Segment Customized • NOTE: HIT faculty received ‘The Fraunhofer USA’ ▪ Mohawk College (Ontario, CA) IDEAWORKS Innovation Agnostic/ Applied Research Talent, Operating grant, funded through the SC Department of Center “fills the space between research and solutions by Healthcare Solution for/with Environment Commerce, to work on telehealth applications delivering customized support to organizations” LINK IT Industry customized to prison systems • Faculty, staff and students collaborate with industry ▪ Leveraging existing the Innovation Center for partners to complete real-world projects, which are faculty, students, industry partners, ED parties, third often funded by provincial and federal agencies parties, etc. targeted in Applied Research projects delivering customized support to organizations • Areas of their focus include, eHealth/mHealth, Medical ▪ UofSC’s OEE should be resourced to maximize their Technologies, Additive Manufacturing, Augmented & VR, ability to have a more significant and proactive role in Big Data, Cybersecurity, among others recruiting industrial partners for applied research projects, and continue providing assistance in negotiating contracts and agreements ▪ Columbia should consider adopting a Workforce attraction and retention program by which to incentivize workers possessing a particular skillset or credential to locate in the Columbia region and apply that skillset or credential Workforce to their career in Columbia; such incentives might include Segment Attraction and extra tax credits, student loan forgiveness, or other ▪ Summary of various types of programs being employed Talent Agnostic Retention forms of support across the US provided as a separate reference Program ▪ Suggest that the state offers incentives in the form of extra tax credit or student loan forgiveness to college and university graduates who remain in South Carolina to work in IT or Life Sciences industries Copyright © 2020 Deloitte Development LLC. 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Columbia Cluster Development Strategy Capability Development Packet Pg.2729  1.a Supplement: Workforce Attraction and Retention Measures Overview Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Strategic Considerations Program Sponsorship Career Periods Addressed State Local Sponsored Sponsored Pre-Grad Post-Grad Mid-Career University Corporate Sponsored Sponsored Broad Range of specific Program Types Infrastructure (e.g. High-Speed Community Enhancement / QoL Apprenticeship Student Loan Reimbursement Internet) Enhancement Guidance / Mentoring / Informational Job Promotion / Posting / Fairs Co-Op Programs / Internship Programs Network Development Resources College / University Outreach Worker Recognition Career Transition Support Business Investment Promotion Education Grants / Subsidies Attrition Prevention Family Outreach Start-Up Incubation / Capital Raising Support International Talent / Immigration Business Promotion Family Financial Support Talent Allocation Solutions (e.g. Sharing) Home-Buying / Home-Building Relocation Subsidies Training Subsidies Target Group Applicant Promotion / Support Assistance Community Marketing / Promotion Termination / Layoff Prevention Targeting Programs to Maximize Impact Existing Presence Program Outcomes Program Sustainability Program Competitiveness Does such a program have a Would the program be Is such a program already well- proven track-record, and is it Can the program be sustained long compelling to the target represented within the region? targeted toward the community’s enough to build momentum? workforce segments? talent needs? Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2830  1.a Supplement: Workforce Attraction and Retention Targeted to Local Priorities Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Based on initial perspectives on Columbia’s talent attraction and retention objectives and priorities, and also on high-level trends observed across geographies, several types of programs emerge as potentially offering value to Columbia Education Student Family Family Financial Grants / Loan Financial Support Subsidies Support Support Programs targeting students Programs that will reimburse a Programs that offer incentives before they enter college with portion of student loans for that are targeted towards the goal of promoting local graduates depending on certain workers’ families (e.g. child education, apprenticeship, and location / employment care, college savings, etc.) employment resources decisions Home-Buying Home-Buying / Home/ Relocation Home-Building Building Assistance Subsidies Assistance Initiatives providing financial Programs that will utilize support to people that meet financial support in the specific skills requirements if purchase of a home to they move to a certain incentivize talent attraction or community retention Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.2931  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Incentives Pillar Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.3032  1.a South Carolina Business Taxes Overview SOUTH CAROLINA IN COMPARISON TO THE U.S. SOUTH CAROLINA HAS A COMPETITIVE STATE TAX SYSTEM BUT SHOULD IMPROVE PROPERTY TAX Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : AND SOUTHEAST STATES POLICIES TO BE MORE BUSINESS FRIENDLY 1 Business Current Condition in South Carolina Observation Tax ▪ SC has a low tax rate compared to an ▪ Corporations are subject to a 5% corporate average of around 6.5% nationwide Corporate income tax on net taxable income Income ▪ Adoption of single sales factor ▪ Offers single-factor sales formula for apportioning Tax apportionment and a strong tax credits income, which is advantageous for companies ecosystem, have substantially improved with a majority of sales occurring outside of SC SC’s competitive position ▪ The annual license fee is imposed at the rate of ▪ SC is one of only 14 states that will still Franchise $15 plus $1 for each $1,000 (or fraction thereof) have this ‘tax/fee’ in place – once New Tax of capital stock and paid-in capital surplus of the York and Mississippi finish phasing it out corporation ▪ TN and FL have no income tax on wages Individual ▪ NC has an income tax rate of 5.25% and ▪ South Carolina has a marginal income tax rate of Income an effective income tax rate of 4.23%1; Tax Foundation 2020 State Business Tax Climate Index Ranking, LINK 7% and an effective tax rate of 2.99%1 Tax GA has an income tax rate of 5.75% and Year SC AL GA KY NC TN an effective income tax rate of 4.62%1 Overall Rank 2020 30 40 32 24 15 18 ▪ 6% on gross receipts from retail sales or leases of 2014 27 39 30 35 34 13 ▪ SC’s sales tax rates are higher compared tangible personal property. Some counties assess to neighboring states (NC has a 4.75% Corporate 2020 4 23 6 17 3 24 Sales and an additional 1- 2.5% local option sales tax and Kentucky has a 5% sales tax) Income Tax Use Tax 2014 12 24 9 25 27 14 • The state provides a number of sales tax Rank ▪ While exemptions do exist, non- exemption on manufacturing equipment, Individual manufacturers often do not qualify 2020 34 30 36 18 16 8 property, R&D, etc. Income Tax Rank 2014 30 25 35 34 38 8 ▪ At the state level, SC has one of the highest property tax burdens on businesses in the ▪ Richland County has the third highest Sales Tax 2020 31 50 29 14 21 47 Southeast, and its rank has fallen over past 5 average property tax rate in South Rank 2014 32 50 29 11 26 47 Carolina, as its effective rate stands at years Property 0.79% 2020 30 15 28 36 34 31 • For manufacturers, real and personal property Property Tax Tax are both assessed at 10.5% ▪ This comprises an important challenge to Rank 2014 20 13 30 34 29 38 • The assessment ratio for all other businesses address in terms of overall tax is 6% for real property and 10.5% for competitiveness Copyright © 2020 Deloitte Development LLC. 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Columbia Cluster Development Strategy Capability Development personal property Packet Pg.3133 High/Increasing Rank Low/Decreasing Rank 1 Source: Smartasset.com  1.a Overview of Statutory Incentives Offered by SC vs. Competing States SC NC GA TN OH FL MD Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Relevant Tax Credit Job Tax Credit ✔ ✔1 ✔ ✔ ✔ ✔ ✔ 5 Investment Tax Credit ✔ ✔ ✔ ✔ Corporate HQ Tax Credit ✔ ✔ ✔ ✔ Research and Development Tax Credit ✔ ✔ ✔ ✔ ✔ ✔ Tax Credit for Mega Projects ✔ ✔4 ✔ Investor Tax Credit ✔ ✔ Relevant Exemptions Property or Personal Property Tax Exemptions Sales and Use Tax Exemption ✔1 ✔ ✔ ✔3 ✔ ✔ Inventory Tax Exemption ✔ ✔ ✔ Business Environment Single Sales Factor Apportionment ✔ ✔ ✔ Foreign Trade Zone / Enterprise Zone Incentives ✔ ✔ ✔ ✔ ✔ 0y for State, 5y NOL Carry Forward Period 20y* Carryback only Indefinitely 15y for municipal Indefinitely Carryback only Grants and Loans Discretionary or ED Grant ✔ ✔1 ✔2 ✔ ✔ Entrepreneur and Small Business Loan / Financing ✔ Financing Incentives for Military Personnel and Veterans ✔ ✔ Industry Specific Life Sciences specific incentives ✔ ✔ ✔ ✔ ✔ ✔ Aerospace Industry specific incentives ✔ ✔ Cybersecurity or IT specific incentives ✔ ✔ ✔ ✔ ✔ Advanced Manufacturing specific incentives ✔ Copyright © 2020 Deloitte Development LLC. of All the rights reserved. Columbia Cluster Development Strategy Capability Development * Corporations must add back the amount federal NOL deduction to their state income in SC. Packet Pg.3234 1) NC: Job Tax Credit refers to Job Development Investment Grant; no sales and use tax in manufacturing, fulfillment facilities, data centers; discretionary grant refers to One North Carolina Fund; 2) Fast Track ED Fund; 3) Ohio allows partial or full sales tax exemption for data center equipment; 4) High Impact Performance Incentive; 5) MD does not have direct Investment Tax Credit, but MD offers RISE Zone incentives that are tied to investment  1.a Incentives Recommendations (1/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Broaden the definition of qualified businesses in ways that would maximize coverage of various types of companies/activities in prioritized segments and leave more discretion to the local authorities in applying the definition of a qualified business to an investing company (e.g., 3M does not fit into any specific NAICS code) ▪ Economic Development best practice used in a targeted Broaden fashion Definitions of ▪ Broaden the definition of FTE (e.g. full time equivalent) to Operating Concepts in the incentivize companies that incur outsourced labor Environment ▪ Virginia has broadened the definitions of key concepts in its Incentive Policy expenses or, in the pandemic context, employees who incentive policies may work remotely from a different geography in the state ▪ Broaden definition of "development“ as part of Research and Development incentives - can be applied to Life Sciences, IT and Software R&D, InsurTech, and FinTech South Carolina should reduce or phase out the License Fee Reduce Franchise Operating ▪ New York and Mississippi are both well into the process of (often also referred to as Franchise Tax) as it impacts Tax Environment phasing out their Franchise Taxes majority of businesses in SC Segment Enable companies to more effectively monetize awarded Tax Agnostic Many states allow Corporate Income Tax Credits of various Credit incentives, particularly in light of the fact that SC has adopted Single Sales Factor Apportionment: kinds to be refundable or transferred (bought and sold) between companies: a) Make tax credit refundable Revise Tax Credit ▪ Capital Investment-driven tax credits: Florida, Missouri, b) Lengthen credit carry-forward periods for all tax credit Operating Idaho, and New Jersey Incentive programs to 20 years Environment Programs ▪ Job creation-driven tax credits: Florida, Arkansas, c) Allow transferability of tax credits and create a market on Missouri, New Jersey, and New Mexico which tax credits can be bought and sold ▪ R&D-driven tax credits: Arkansas, Pennsylvania, New d) Applies to SC’s Investment Tax Credit, Corporate HQ Jersey, and North Dakota Credit, and R&D Tax Credit programs ▪ State of Florida (includes Jacksonville and Tampa) provides High-Impact Performance Incentive and Capital ▪ The city or state could enhance or supplement the current Investment Tax Credit for ‘high impact’ portions of key Incentivize High- Job Tax Credit by adding a performance condition to Operating sectors (including Financial Services) paying Jobs reward the number of high-paying jobs created in order to Environment incentivize high-quality job creation ▪ Utah’s Industrial Assistant Fund gives grant to companies that create high-paying jobs – at least 110% of county Copyright © 2020 Deloitte Development LLC. 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Columbia Cluster Development Strategy Capability Development average Packet Pg.3335  1.a Incentives Recommendations (2/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted South Carolina could expand the allowable uses of Tax Increment Financing (TIF districts) to include development activities beyond community redevelopment, specifically Broaden the allowing TIF to be utilized for development of commercial allowable ▪ Wisconsin is an example of a peer community state where and industrial areas to which enterprise investments in Operating applications of TIF is used very effectively to stimulate industrial priority segment activities would be guided Environment Tax Increment development of designated geographies Financing (TIF) ▪ Columbia could strategically position TIF districts in locations where economic development is encouraged for new enterprise investments To incentivize companies to locate or expand in Columbia, the city can offer local product purchase reimbursement and sales tax rebates: Local Product Operating ▪ Dothan, AL city has provided reimbursement for locally Purchase ▪ Companies can present receipts for purchases that have Environment purchased goods to companies Reimbursement been made locally for reimbursed Segment Agnostic ▪ Funding source: incremental sales tax ▪ The NC Biotechnology Center ED Award grants are made in amounts of up to $100K per project based on ▪ Economic Development Award providing performance- project job-creation estimates Grants and based grants linked to job creation for researchers and Operating Awards for scientists, and retention milestones for companies that Environment ▪ The Technology Management Council of Jacksonville Research engage in Research & Development activities in promotes multiple incentive, grants and programs for Columbia growth of medical technology professionals and new health & wellness technology development ▪ Maryland has Hire Our Veterans Tax Credit that offers tax ▪ Provides a State income tax credit to small businesses credit to businesses that hire qualified veterans Hire Ex-Military for hiring qualified veterans based on wages paid to Talent Talent Tax Credit those veteran employees ▪ Florida offers grants to helps businesses meet workforce and Training Operating demands in a competitive environment by facilitating Grants ▪ Offers matching grants to businesses seeking to train Environment access to training and education in high-demand fields for and hire military veterans veterans through matching training grants up to $8,000 per veteran employee trained. Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.3436  1.a Incentives Recommendations (3/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Maryland: More Jobs for Marylanders Incentive Program provide refundable tax credits for job creation, equipment ▪ Suggest that the city set aside a discretionary grant to investment for new and existing businesses in Maryland Discretionary incentivize companies to bring new technologies, Operating Grants create high-paying jobs, and make capital Environment ▪ North Carolina: One North Carolina Fund is a discretionary investment in the prioritized segments cash-grant program that awards businesses based on number of jobs created, investment level, project location and economic impact of the project ▪ Raleigh is one of four Foreign Trade Zones (FTZ) in North Carolina offering several economic advantages for Operating companies with HQs involved in international trade Attracting companies that do businesses globally through Environment, Promote Foreign FTZs – providing tax benefits related to management of raw ▪ Georgia is home to multiple FTZ sites. Importing and Trade Zone Status materials and finished products Regulatory exporting are central to many businesses’ success. The FTZ Environment program allows qualified companies to defer, decrease, or Segment eliminate duties on materials imported from overseas that Agnostic are used in products assembled in Georgia. City/State purchases equipment and leases the equipment to companies at a low rate: RE & Low-rate 1) Incentivize companies invest in talent and explore the Infrastructure, ▪ Georgia and North Carolina offer low-rate equipment Equipment frontier of technologies leasing to qualified businesses Leasing Operating 2) Direct control and access to equipment for educational Environment purpose. The company-owned equipment could be sensitive trade information ▪ Florida incentivized Scripps Research to train local talent For new entrants to the market or significant expansion pool by putting the trainees on the state’s payroll until they Paid Training projects, the area can consider incentivizing companies to are trained and hired by Scripps even though not obligated Period for New train the local labor force by sponsoring compensation for Talent to hire the trainees Recruits the local labor for the training period. Companies are not obligated to hire these “trainees” ▪ Georgia’s QuickStart Program also trains local talent and provide employment opportunities Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.3537  1.a Incentives Recommendations (4/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted Software & IT Operating ▪ Massachusetts exempts all personal property taxes for Biotechnology, Lower personal Environment properties used in manufacturing ▪ If SC cannot remove the personal property tax, SC Medical property tax should consider an accelerated depreciation schedule. Devices, burden Regulatory ▪ Minnesota exempts property taxes for all personal Aerospace Environment properties. Only real properties are taxable Operating Biotechnology, Delay Property ▪ Life Science manufacturing facilities should not be put Environment ▪ Georgia, North Carolina and Rhode Island offer to Taxation for Life Medical on property tax rolls until licensure due to the lengthy initiate property tax for life sciences companies after Sciences Devices regulatory approval process Regulatory licensure Companies Environment ▪ Designation as a Indiana Certified Tech Park company allows for the local recapture of certain state and local tax Financial revenue which can be invested in the park’s development Services, ▪ Special Economic Zone (Tech Park or Hub) with companies designated as Certified Tech Park tenants ▪ NY’s START-UP program allows universities to designate Biotechnology, Tax benefits for eligible for state and local tax breaks (including property Operating space (building/land) for new and expanding businesses companies that tax breaks) Environment, locate in targeted Regulatory Medical • Companies that locate in a START-UP area receive tax zones ▪ South Carolina can evaluate granting incentives, ranging Environment Devices, benefits, including income tax abatements for employees from tax relief to financing assistance, to companies that locate in targeted zones LINK Aerospace ▪ Virginia’s Defense Production Zone: Eligible companies receive real property abatements as well as abatement of business, professional, and occupational license taxes Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.3638  1.a Incentives Recommendations (5/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Capability Relevant CLF Segment Description Columbia or Peer Community Implementations Development Impacted ▪ Extend the net operating loss carry-forward period from Operating NOL Carry- 20 years to 25 years specifically for newly Environment Forward Period commercialized pharma companies to fully realize the ▪ Deloitte Experience Extension benefit as it is customary to have net operating for Regulatory decades Environment Operating Personal Property ▪ Massachusetts exempts all personal property taxes for Life Biotechnology, ▪ It is recommended that the state and city increase the Environment Tax Exemptions Sciences businesses personal property tax exemption on manufacturing and on Biotech Medical Device R&D equipment in biotechnology operations Regulatory Equipment ▪ Minnesota does not tax personal property Environment Operating ▪ For Life Science manufacturing companies, the trigger Environment Property Taxation for property taxation can be FDA approval of the ▪ Deloitte Experience Trigger Event production operation rather than the full completion of Regulatory a facility due to the often lengthy approval process Environment Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.3739  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Economic Development Pillar Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.3840  1.a Columbia Action Plan Economic Development Framework Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : ▪ Columbia-resident and Out-of-State Talent ▪ Identify brand ambassadors that focus ▪ Entrepreneurs and Start-Ups on advancing and ▪ Researchers & Developers promoting specific elements of the ▪ Companies and Industry Partners community’s brand ▪ Site Selectors Identify the identity (could be a locally Audience based institution, tech hub, executive, company, industry, academia Data Ambassadors program, etc.) Analytics ▪ Coordinate Social Media ▪ Website visits and content campaigns of Economic access tracking Ambassadors Dev. ▪ Analysis of local economic Framework activity, trends and ▪ Tight-knit collaboration of all participating forecasts Offering and organizations across jurisdictions and capability Community and Collaboration Value ▪ Tracking and analysis of areas, with strong coordination Proposition announcements Build Branding and Communication Channel Strategy ▪ Target industries and relevant supporting assets, capabilities ▪ Establishing a recognizable identity and “brand” for the ▪ Develop a cohesive external-facing image community (business and ▪ Strategically engage professional character of life) marketing consultants ▪ Investments made proactively ▪ Print and Digital Media strategy in support of target clusters Copyright © 2020 Deloitte Development LLC. 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Columbia Cluster Development Strategy Capability Development ▪ Tradeshow, Conferences and Symposiums Packet Pg.3941  1.a Economic Development Recommendations (1/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Framework Capability Segment Description Columbia or Peer Community Implementations Element Development Increasingly engage Experience Columbia in elements of brand-building that are impactful to economic development initiatives ▪ Increase interface opportunities with Columbia’s economic development community, especially on topics such as industry conferences, business symposia, talent attraction to the region, etc. ▪ Increase traffic to Columbia through targeted Deepen ED business tourism by hosting conferences and ▪ This requires a change of image to showcase diversity and Offering and collaboration symposia focused on priority segments character of the city – prime examples are Atlanta, Austin, Value Proposition with Experience and Charleston. These cities have their own identities that SC ▪ Oversee the process of creating an enhanced new are distinct from anywhere else identity that reflects Columbia’s character of life and can be articulated in refreshed branding initiatives ▪ Design and plan for signature events that draw global attention to Columbia Segment Agnostic ▪ Exert sustained influence on ongoing revitalization of downtown and key areas of Columbia, upgrading of city infrastructure, and introduction of art and cultural element to the city ▪ Determine if there currently exists (or should be a new) national-level signature event to draw tourists to Columbia, combining elements in business, ▪ Austin’s South by Southwest Festival (since the 1980s) Develop a Offering and entrepreneurship and culture. The goal is to establish a brought national attention to Austin and changed the Signature Value Proposition new identity and brand for Columbia perception of Austin from a city in Texas to a hip, diverse National Event and techy city in the south ▪ Restarting the Three River Festival in Columbia (discontinued since mid-2000s) can be explored Communities are able to influence their image portrayed in Build Branding ▪ Initiate a public relations effort with the goal to relevant media by proactively shaping and publishing and Earned Media – establish and maintain a steady stream of positive storylines that articulate the community’s progress Communication Public Relations coverage in top-tier national trade, industry, site Channel Strategy selection news media ▪ Columbus, Ohio’s ED email and newsletter campaign is a strong example of successful proactive storytelling Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4042  1.a Economic Development Recommendations (2/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Framework Capability Segment Description Columbia or Peer Community Implementations Element Development ▪ Host conferences to attract industry experts and build brand recognition in prioritized segments (Cybersecurity Build Branding Conference, Genomics Conference, Digital Health & ▪ NC Biotechnology: established more than 35 years ago, Targeted Informatics, etc.) and has hosted many conferences in Life Sciences on various Conferences and Communication ▪ Collaboration within A) Counties (provide/book topics ranging from “Medical, Biomedical & Biodefense” to Symposiums Channel Strategy convention centers), B) Experience SC (marketing “Global Health Leadership Forum” and planning) and, C) ED community (speakers, connections) required for future success Through an RFP process, select a marketing agency to develop an economic development marketing plan specific to Columbia to help attract businesses and residents to the Vermont ED Marketing Plan (2016-19) ideas LINK: city. The marketing plan should outline: ▪ Targeting national, trade and niche media outlets with Build Branding ▪ Tactics to reach growing businesses and entrepreneurs finely honed pitches about Vermont businesses Effective in the priority segments of focus and Marketing Communication ▪ Website providing a hub for content that inspires people ▪ Digital outreach campaigns to tout their quality of life, incl. Campaign Segment Channel Strategy to live, work and start or grow a business in Columbia great schools and outdoor recreation opportunities Agnostic ▪ Additional tools to consider: Digital Media Strategy, Paid ▪ Expanded partnerships with colleges and universities to Media Advertising, Virtual Tour, Trade Shows & Events, help connect employers and employees Higher Education Outreach and Alumni Marketing, Social Responsibility and Sustainability Policy, etc. Enhancing the insights that can be derived from Economic Development tools such as websites, marketing campaigns and ED conferences Enhanced content ▪ Enriching the depth and quality of content accessible on for core ED the city’s economic development website and through messaging and other channels of interaction (e.g., detailed information • Madison, Wisconsin’s ED website [Link] presents highly Data Analytics analytics on about announcements, segment-focused workforce valuable content with numerous layers of drill-down tool/platform stats and up-to-date real estate availability performance ▪ Consider voluntary registration for deeper-dive content as a way to know who is accessing Columbia’s ED website and what they are looking for (name, organization, email etc.) Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4143  1.a Economic Development Recommendations (3/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Framework Capability Segment Description Columbia or Peer Community Implementations Element Development ▪ Identify influential executives and entrepreneurs in the Columbia area and invite them to be informal ▪ Vermont had a digital ambassador campaign as part of its Digital Ambassadors for Columbia in sharing articles 3-year marketing plan. The campaign uses business and or posts about the advantages such as business friendly community leaders, entrepreneurs, and other local Digital environment, high quality of life, and latest business- influencers to share business announcements, national Ambassador Ambassador related policy changes in Columbia and South Carolina media placements, and other information that reflects well Campaign that either impact or benefit the existing businesses and on Vermont as a great place to live, work, start and grow a prospective companies business and raise a family. The content has more credibility than if it came directly from the state. ▪ Existing assets: SCBIO has been actively publishing posts on LinkedIn ▪ Align the Economic Development Offices’ strategies in investment recruiting and retention with the research and innovation priorities of UofSC and other relevant local players in areas such as Gene Therapy, Cell and Enhance Tissue, and Regenerative Medicine collaboration Community and Segment among university, ▪ Based on interviews with various stakeholders Collaboration ▪ ED offices, UofSC, SCBio, and other relevant local Agnostic ED offices, and players (e.g., the Greenwood Genetics Center) must SCBIO work together to ensure the most relevant subject matter experts are involved in discussions with perspective investors (in areas such as FDA Navigation, Reimbursement Strategies, etc.) ▪ As a long term plan, Columbia can consider setting aside a budget to improve Columbia Metropolitan Airport infrastructure (e.g. runway expansion, aircraft maintenance stops) and attract more airlines to ▪ One of Atlanta’s advantage is in its air connectivity thanks land planes in Columbia or set up more direct or to being Delta’s HQ and major hub Community and indirect flights to or via Columbia Airline Hub Collaboration ▪ William B. Hartsfield, previous mayor of Atlanta in 1937, ▪ The benefit of increased air connectivity can potentially made improvement to the airport including an extensive establish Columbia as a transportation hub in the runway expansion and building a new control tower Southeast, which will attract more businesses to relocate and/or expand in the Columbia area, especially logistics and distribution-related businesses Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4244  1.a Economic Development Recommendations (4/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Framework Capability Segment Description Columbia or Peer Community Implementations Element Development Build a Medical ▪ Leveraging a Medical Device crowdsourcing competition ▪ Salt Lake City’s investment plan includes building a Medical Offering and Device to attract small to medium size firms and entrepreneurs corridor from Research Park (early stage) to the Northwest Devices Value Proposition Technology to Columbia area meanwhile establishing an awareness Quadrant (manufacturing stage) Corridor and association of Medical Device with Columbia ▪ Increase the brand recognition, size and exposure of the annual SCBIO conference Build Branding ▪ Consider applying to host some of the world renowned ▪ NC Biotechnology: established more than 35 years ago, Life Science and conferences in Life Sciences such as “BIO World Congress has hosted many conferences in Life Sciences on various Conferences and Communication on Industrial Biotechnology and Ag Tech” topics ranging from “Medical, Biomedical & Biodefense” to Symposium Biotechnology Channel Strategy “Global Health Leadership Forum” ▪ Encourage SCBIO to add Columbia into its rotation of , locations for the annual conference (increasing its Medical rotation from Greenville and Charleston) Devices ▪ The City and Counties should collaboratively invest in the Sponsor creation of new wet lab spaces inside or very nearby ▪ Interviews with Columbia region existing businesses and Offering and establishment of incubators, innovation centers, etc. from discussion during Economic Development Working Value Proposition wet lab and cold ▪ Additionally investment on increasing the number of Cold Group meetings storage spaces Storage Facilities and Logistics should be targeted ▪ Tampa is focusing on Shared Services Operations; Columbia on Call Center & BPO; Phoenix on services Focus on In- ▪ A collaborative effort across the ED Community should related to Insurance Financial House Captive look to increase their focus on prioritizing the In-House Services – Identify the Operations or Captive Operations or BPO providers, by marketing ▪ Arizona became the first state to create Regulatory Service Audience BPO Services in its low real estate cost/house value/cost of living and Sandbox Program (RSP) where companies can test Delivery FinTech and university talent pipeline innovative products and technology in market for up to 24 InsurTech months without obtaining a license or other authorizations that might otherwise be required ▪ Target for global FS companies to start their second Targeting Small offices, or specialized tech offices (including shared Financial to Medium Size services, BPOs, Call Centers, R&D Offices) Identify the ▪ Deloitte experience – Columbia’s cost advantages offer an Services - Corporate ▪ Startups with offices in Columbia could be members of Audience especially attractive value proposition for such investments HQ Offices/R&D incubator/accelerator programs at USC and MTC; large Offices Copyright © 2020 Deloitte Development LLC. All rights reserved. organizations can be incentivized with HQ tax breaks and Columbia Cluster Development Strategy Capability Development Packet Pg.4345 applied research with relevant collaborators in the region  1.a Economic Development Recommendations (5/5) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Framework Capability Segment Description Columbia or Peer Community Implementations Element Development Areas of focus for service delivery in the Healthcare Information Technology, would include: ▪ Jacksonville Healthcare IT innovation companies focused in areas of photonics/optics and ‘modeling, simulation & ▪ Managed services for health informatics and training’, nanotechnology and material science storage/access of secured personal medical Focus on records on behalf of doctors/ physicians in the ▪ Indianapolis is focusing on “Digital Health”, prioritizing Healthcare Identify the Managed Tech Columbia and South Carolina region niche areas like mHealth, Wireless, Big Data, Wearables, IT Audience Services for Health IoT, etc. Targeted growth areas is on “Managing I.T. Healthcare ▪ Managed Services for the collection of public health Services for Healthcare” information for research ▪ Madison (WI) focusses on health management software, ▪ Platform for individuals to share their EHRs medical informatics, health insurance and medical data (adoption patterns at peer counties to be analyzed) and processing access/share information on cloud Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4446  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Consolidated Economic Development Action Plan Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.4547  1.a Initiative Prioritization Framework Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : High Impact “Transformational” “Quick Wins” Activities that may provide strong returns on Activities that provide long term returns but may be relatively lighter investments (a.k.a., the low- more complex to execute hanging fruit). They are valuable and fundamental to your success Plan For It / Begin Preparing Go For It High Effort Low Effort “Nice-to-haves” “Momentum Builders” These activities require consideration in order to Tasks that are relatively easy to complete but may clearly understand what specific outcomes are have a more limited impact on developing the desired before resources are dedicated desired knowledge-based cluster environment Ensure very clear objectives before investing Bandwidth-permitting resources Low Impact Effort: time and resources it takes to implement the initiative Impact: level of impact on developing the desired knowledge-based cluster environment Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.4648  1.a Innovation Initiatives Prioritization Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : High Impact Cybersecurity Customized Applied Research Solution Innovation for/with Industry Target Zone Ecosystem Scale Research Strengthen Columbia’s Commercialization Network of Enhance collaboration among sector/capability focused Accelerators industries and the university Incubators Technology Corridors Crowdsourcing Platform Develop Strategy on Next Gen Manufacturing Technology InsurTech Industry DOD/DOE Life Science Association Technology Conferences and Revitalization and Spillover Symposium Annual Innovation Summit Directory of Regional and Technology Statewide Startup & Collaboration Entrepreneurial Resources Center and coworking spaces in the public library System High Effort Low Effort Fiber Network Faculty Recruitment and Performance Evaluation Low Impact Effort: time and resources it takes to implement the initiative Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Impact: level of impact on developing a knowledge-based economy Packet Pg.4749  1.a Workforce Initiatives Prioritization Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : High Impact Tailoring University Program Offerings Certificate Programs and Tailoring University Episodic Trainings Target Zone Long-term University and Program Offerings MTC Program Offerings in Connecting Employers Software & IT Workforce Attraction with Qualified Workers Apprenticeship Program and Retention Program Enhance ED Long-term University Transitioning Collaboration with Program Offering in Military Colleges and Aerospace Employment Universities Customized Applied University and MTC Partnership Research Solution Program Offerings in Future Health Technology 2-year College to 4-year University Research University Transfer Grants Introduction Course in Programs Gene Therapy High Effort Low Effort Manufacturing Management Workshops and Soft Skills Trainings University and MTC Scholarships and Grants Certificate Programs and Episodic Trainings Coding Bootcamp and Hackathons Aerospace Workforce Training Programs MedTech Competition and Immersion Programs Certificate Programs for Biological & Lab Technicians Low Impact Effort: time and resources it takes to implement the initiative Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Impact: level of impact on developing a knowledge-based economy Packet Pg.4850  1.a Incentives Initiatives Prioritization Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : High Impact Reduce Franchise Tax Revise Tax Credit Incentivize High- Target Zone Lower personal property Incentive Programs paying Jobs tax burden Lower personal property tax burden Delay Property Taxation Discretionary Grants for Life Sciences Hire Ex-Military Tax Credit Companies and Training Grants Personal Property Tax Broaden Definitions of Exemptions on Biotech Broaden the allowable Grants and Awards for Paid Training Period Concepts in the incentive Equipment applications of Tax Research for New Recruits policy Increment Financing (TIF) Property Taxation Trigger Promote Foreign Trade Event Zone Status High Effort Low Effort Low-rate Equipment NOL Carry-Forward Period Leasing Tax benefits for Extension companies that locate in targeted zones Local Product Purchase Reimbursement Low Impact Effort: time and resources it takes to implement the initiative Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Impact: level of impact on developing a knowledge-based economy Packet Pg.4951  1.a Economic Development Initiatives Prioritization Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : High Impact Effective Marketing Campaign Airline Hub Deepen ED collaboration Targeted with Experience SC Conferences and Target Zone Earned Media – Public Symposiums Relations Enhance collaboration Establishment of wet lab among university, ED and cold storage spaces offices, and SCBIO Digital Ambassador Develop a Signature Campaign Build a Medical Device National Event Effective Marketing Technology Corridor Campaign Digital Ambassador Campaign Enhanced content for core ED messaging and Earned Media – Public analytics on tool/platform Relations Life Science Conferences Targeted Conferences performance and Symposium and Symposiums High Effort Low Effort Focus on Managed Tech Services for Life Science Conferences Healthcare and Symposium Targeting Small to In-House Captive Medium Size Operations or BPO Corporate Offices/ Services R&D Offices Columbia Tourism Board Develop a Signature National Event Low Impact Effort: time and resources it takes to implement the initiative Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Impact: level of impact on developing a knowledge-based economy Packet Pg.5052  1.a Implementation Prioritization Methodology Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Implementation Prioritization Method • Priority is determined by impact and effort, ownership, existing assets etc. • Highest priorities are a blend of quick wins and major projects (impact carries more weight than effort) • Most initiatives are on-going activities and competencies to sustain and High refine over time Text Priority High Impact (Level 1) Text “Transformational” “Quick Wins” Medium Priority (Level 2) High Effort Low Effort “Momentum “Nice-to-Haves” Lower Priority Builders” (Level 3) Low Impact Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5153  1.a Implementation Stakeholders and the Critical Importance of Collaboration Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Local ED SC Chamber Offices of Commerce SC DOC Collaboration Imperative Execution of Columbia’s Economic Development I-77 SC Technical College Action Plan requires deep cross-organizational Alliance System engagement and collaboration between local, county, regional, and state stakeholders EngenuitySC Columbia ED Action Plan SCCC Key Collaborative Issues • Agreement on roles and responsibilities for Columbia stakeholders in both governance and SCBio CentralSC detailed execution • Identify project budget, partners, and organizational structure for implementation by pillar: Economic Development, Incentives, ReadySC USC Innovation and Workforce SCRA Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5254  1.a Capability Development Initiatives Responsibility and Timeline (1/4) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Q3 Q4 Q1 Q2 Q3 Q4 2022 # Capability Development Initiative Pillar Provisional Responsible Parties 2020 2020 2021 2021 2021 2021 onwards 1 Scale Research Commercialization Innovation UofSC OEE, SCRA, SCBIO ▲ Strengthen Columbia’s Network of sector/capability focused Local and County ED Offices, UofSC, SCRA, Midlands 2 Innovation ▲ Incubators Tech 3 Accelerator Program Innovation SCRA, UofSC, SCCC, Midlands Tech ▲ SCCC, SCDOC, SCRA, OEE, McNair Institute for 4 Customized Applied Research Solution for/with Industry Innovation ▲ Entrepreneurism and Free Enterprise UofSC, Local and County ED Offices, Central SC 5 Enhance collaboration among industries and the university Innovation ▲ Alliance, I-77 Alliance, SCRA 6 Certificate Programs and Episodic Trainings Workforce Midlands Tech, SCCC, ReadySC ▲ 7 Aerospace Workforce Training Programs Workforce Midlands Tech, SCCC, SCCC, ReadySC, UofSC ▲ 8 Certificate Programs for Biological & Lab Technicians Workforce Midlands Tech, SCCC, UofSC, SCBIO ▲ Local and County ED Offices, Central SC Alliance, I- 9 ED Collaboration with Colleges and Universities Workforce ▲ 77 Alliance, Midlands Tech, UofSC, Local Colleges SCBIO, SCRA, SCDOC, SCDOR, SC Economic 10 Broaden Definitions of Concepts in the incentive policy Incentives ▲ Developers Association, SC Chamber of Commerce SCBIO, SCRA, SCDOC, SCDOR, SC Economic 11 Reduce Franchise Tax Incentives ▲ Developers Association, SC Chamber of Commerce 12 Lower personal property tax burden Incentives County Economic Development Organizations ▲ 13 Delay Property Taxation for Life Sciences Companies Incentives County Economic Development Organizations ▲ 14 Personal Property Tax Exemptions on Biotech Equipment Incentives County Economic Development Organizations ▲ 15 Property Taxation Trigger Event Incentives County Economic Development Organizations ▲ Local and County ED Offices, Experience SC, Central 16 Deepen ED collaboration with Experience SC Econ Dev ▲ SC Alliance, I-77 Alliance Enhance collaboration among university, ED offices, and Local and County ED Offices, Central SC Alliance, 17 Econ Dev ▲ SCBIO SCBIO, UofSC Local and County ED Offices, Central SC Alliance, I- 18 Effective Marketing Campaign Econ Dev ▲ 77 Alliance Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5355  1.a Capability Development Initiatives Responsibility and Timeline (2/4) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Q3 Q4 Q1 Q2 Q3 Q4 2022 # Capability Development Initiative Pillar Provisional Responsible Parties 2020 2020 2021 2021 2021 2021 onwards Local and County ED Offices, Central SC Alliance, 19 Earned Media – Public Relations Econ Dev ▲ SCBIO, I-77 Alliance, UofSC 20 Digital Ambassador Campaign Econ Dev City of Columbia ED Office, County ED Offices ▲ Directory of Regional and Statewide Startup & Entrepreneurial 21 Innovation SCRA, S.C. Innovation Hub, SCDOC ▲ Resources Apprenticeship Carolina (primary), ReadySC, SCCC, 22 Apprenticeship Program Workforce ▲ Midlands Technical College 23 Tailoring University Program Offerings Workforce UofSC, Clemson University ▲ ReadySC, Central SC Alliance, I-77 Alliance, SC 24 Workforce Attraction & Retention Program Workforce Coordinating Council for Workforce Development, ▲ SCCC Long-term University and MTC Program Offerings in Software 25 & IT Workforce UofSC, Midlands Tech, local colleges ▲ 26 2-year College to 4-year University Transfer Programs Workforce SCCC, Midlands Tech, local colleges, UofSC ▲ 27 Connecting Employers with Qualified Workers Workforce ReadySC ▲ SCDOC (primary), SCRA, Local and County ED 28 Revise Tax Credit Incentive Programs Incentives Offices, SCDOR, SC Economic Developers ▲ Association, SC Chamber of Commerce SCDOC (primary), SCRA, Local and County ED 29 Incentivize High-paying Jobs Incentives Offices, SCDOR, SC Economic Developers ▲ Association, SC Chamber of Commerce Local and County ED Offices, Central SC Alliance, I- 20 Targeted Conferences and Symposiums Econ Dev 77 Alliance, SCBIO, UofSC ▲ UofSC, SC Launch, SCCC, Local and County ED 31 Cybersecurity Innovation Ecosystem Innovation ▲ Offices, SC Cyber iT|SC Cluster Organization, UofSC, Midlands Tech, InsurTech Industry Association Revitalization and Annual 32 Innovation SCCC, McNair Institute for Entrepreneurism and Free ▲ Innovation Summit Enterprise, ED Offices, Central SC Alliance 33 Life Science Conferences and Symposium Innovation SCBio, UofSC ▲ 34 Faculty Recruitment and Performance Evaluation Innovation UofSC, SCCC ▲ Technology Collaboration Center and coworking spaces in the 35 Copyright © 2020 Deloitte System Development LLC. All rights reserved. Innovation Richland Library Coworking Center ▲ Strategy Capability Development Columbia Cluster Development public library Packet Pg.5456  1.a Capability Development Initiatives Responsibility and Timeline (3/4) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Q3 Q4 Q1 Q2 Q3 Q4 2022 # Capability Development Initiative Pillar Provisional Responsible Parties 2020 2020 2021 2021 2021 2021 onwards 36 DOD/DOE Technology Spillover Innovation McNair Aerospace Center, SCCC ▲ SC Coordinating Council for Workforce Development, 37 Transitioning Military Employment Partnership Workforce SCCC, SC Department of Veterans Affairs, SCCC, ▲ Ready SC UofSC, SCRA, SCDOC, SC Economic Developers 38 Grants and Awards for Research Incentives ▲ Association Local and County ED Offices, SCDOC, SC Economic 39 Discretionary Grants Incentives ▲ Developers Association SCDOC, Local and County ED Offices, Central SC 40 Promote Foreign Trade Zone Status Incentives ▲ Alliance, SC Economic Developers Association Local and County ED Offices, Experience SC, Central 41 Develop a Signature National Event Econ Dev ▲ SC Alliance, I-77 Alliance 42 Life Science Conferences and Symposium Econ Dev SCBIO, ED Offices, Central SC Alliance ▲ 43 Build a Medical Device Technology Corridor Econ Dev SCBIO, ED Offices, UofSC, Midlands Tech, SCRA ▲ 44 Sponsor establishment of wet lab and cold storage spaces Econ Dev SCBIO, ED Offices, SCRA, UofSC ▲ UofSC Aerospace Engineering Department 45 Long-term University Program Offering in Aerospace Workforce ▲ UofSC Office of Economic Engagement 46 Introduction Course in Gene Therapy Manufacturing Workforce UofSC Medical School or Biotechnology Program ▲ University and MTC Program Offerings in Future Health 47 Workforce UofSC, Midlands Tech ▲ Technology 48 Management Workshops and Soft Skills Trainings Workforce ReadySC, Midlands Tech ▲ Local and County ED Offices, SCDOC, SCDOR, SCRA, 49 Tax benefits for companies that locate in targeted zones Incentives SC Economic Developers Association, SC Chamber of ▲ Commerce Local and County ED Offices, Central SC Alliance, I- 50 Targeting Small to Medium Size Corporate Offices/R&D Offices Econ Dev ▲ 77 Alliance Local and County ED Offices, SCDOC, SCDOR, SC 51 Hire Ex-Military Tax Credit and Training Grants Incentives Department of Veterans Affairs, SC Economic ▲ Developers Association Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5557  1.a Capability Development Initiatives Responsibility and Timeline (4/4) Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Q3 Q4 Q1 Q2 Q3 Q4 2022 # Capability Development Initiative Pillar Provisional Responsible Parties 2020 2020 2021 2021 2021 2021 onwards 52 Crowdsourcing Platform Innovation SCRA ▲ 53 Technology Corridors Innovation UofSC, Midlands Tech, SCRA, SCCC ▲ 54 Develop Strategy on Next Gen Manufacturing Technology Innovation UofSC, SCCC, SCRA, Midlands Tech ▲ Midlands Tech, UofSC, local ED Offices, Central SC 55 University and MTC Scholarships and Grants Workforce ▲ Alliance 56 University Research Grants Workforce UofSC ▲ Broaden the allowable applications of Tax Increment Financing Local and County ED Offices, SCDOC, SCDOR, SC 57 Incentives ▲ (TIF) Economic Developers Association 58 Local Product Purchase Reimbursement Incentives Local and County ED Offices, SCDOC ▲ Enhanced content for core ED messaging and analytics on Local and County ED Offices, Central SC Alliance, I- 59 Econ Dev ▲ tool/platform performance 77 Alliance SCDOC (primary), SCRA, Richland County ED Office, 60 Paid Training Period for New Recruits Incentives ▲ SCDOC, SCDOR 61 NOL Carry-Forward Period Extension Incentives SCDOC, SCDOR, SC Economic Developers Association ▲ UofSC, Midlands Tech, or ED office to incentivize to 62 Coding Bootcamp and Hackathons Workforce ▲ create a new business 63 MedTech Competition and Immersion Programs Workforce SCRA, SCBIO, UofSC ▲ Midlands Tech, UofSC, Local and County ED Offices, 64 Low-rate Equipment Leasing Incentives ▲ SCDOC, SCRA, SC Economic Developers In-House Captive Operations or BPO Services in FinTech and Local and County ED Offices, Central SC Alliance, I- 65 Econ Dev ▲ InsurTech 77 Alliance, SCDOC Local and County ED Offices, Central SC Alliance, I- 66 Focus on Managed Tech Services for Healthcare Econ Dev ▲ 77 Alliance, SCDOC 67 Fiber Network Innovation Local and County ED Offices, Central SC Alliance ▲ Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5658  1.a Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Governance Framework Considerations Copyright © 2020 Deloitte Development LLC. All rights reserved. Packet Pg.5759  1.a Governance Principles Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Definitions Key Considerations • Responsible for executing task(s) • Too many “Rs” slow the coordination of R – Responsible • Responsible implies you are also consulted the work • Accountable for ensuring a decision is made • Having a single Accountable / Approver A – Accountable • Approval and veto rights for the recommended decision leads to more effective and efficient • In some cases, the Accountable party is also Responsible decision-making • Consulted by the stakeholders to provide input to the • Too many “Cs” slow down the decision- C – Consulted process, but not directly involved in the decision-making making process activity • Informed about the decision after the decision has been • Growing organizations should shift to I – Informed made, these stakeholders are not involved in the decision- informing parties rather than making process unnecessarily consulting them RACI is a tool used to outline roles and required activities for the various parties involved in an organization’s decision- making process Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5860  1.a Illustrative RACI Matrix: Innovations Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : # Capability Development Initiative Start Schedule RESPONSIBLE ACCOUNTABLE CONSULTED INFORMED 1 Scale Research Commercialization Q3 2020 UofSC OOE Office UofSC OOE Office Local and County ED Offices SCRA 2 Crowdsourcing Platform Q3 2021 SCRA UofSC Strengthen Columbia’s Network of sector/capability 3 Q3 2020 UofSC SC Launch, SCCC focused Incubators 4 Accelerator Program Q3 2020 SCRA SC Launch, SCCC UofSC, SC Launch Innovation 5 Cybersecurity Innovation Ecosystem Q1 2021 SCCC Local and County ED Offices Center McNair’s Institute for 6 Customized Applied Research Solution for/with Industry Q3 2020 SCRA SCCC, SCDOC, OOE Entrepreneurism and Free Enterprise 7 Columbia Technology Corridor Q3 2021 UofSC, SCRA SCCC InsurTech Industry Association Revitalization and Annual 8 Q1 2021 SC Insurance Association Innovation Summit 9 Life Science Conferences and Symposium Q1 2021 SCBIO SCBIO Local and County ED Offices 10 Develop Strategy on Next Gen Manufacturing Technology Q3 2021 UofSC UofSC 11 Fiber Network 2022 onwards Local and County ED Offices Enhance collaboration among industries and the 12 Q3 2020 Local and County ED Offices university 13 Faculty Recruitment and Performance Evaluation Q1 2021 SCDOE UofSC, SCCC Directory of Regional and Statewide Startup & 14 Q4 2020 EngenuitySC SCDOC Entrepreneurial Resources Technology Collaboration Center and coworking spaces in Richland Library Coworking 15 Q1 2021 SCRA the public library System Center 16 DOD/DOE Technology Spillover Q1 2021 McNair Aerospace Center Shaw Airforce Base Legend R = Responsible for completing (can be multiple groups for one activity) Initiative is lacking and needs to be implemented A = Accountable for the results and holds ultimate decision / approval authority (only one group per task / step) Initiative is occurring but with opportunities to improve C = Consulted for critical inputs and/or decisions Initiative can be de-prioritized for the future I = Informed of the results / decisions Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.5961  1.a Management Council should Potential Governance Structure for Columbia ED Action Plan consist of executive representatives from the key stakeholder organizations Attachment: FINAL - Columbia SC Economic Development Action Plan_7-1-2020 (6399 : Management Council Project Management Office should be the executive- minus-one role, ideally Project Management Office rotating among organizations Marketing Oversight Committee* Marketing is a collaborative competency involving many stakeholders and roles that Pillars all report to the Marketing Oversight Committee Economic Innovation Steering Incentives Steering Workforce Steering Development (ED) Committee Committee Committee Steering Committee Pillar-focused Steering Committees consist of Innovation Incentives Workforce decision-makers in ED PMO stakeholder organizations PMO PMO PMO Initiative Initiative Initiative Initiative Each pillar has a PMO that Owners Owners Owners Owners oversees the progress of all the initiatives and it could be overlapping with or different from the initiative owners Copyright © 2020 Deloitte Development LLC. All rights reserved. Columbia Cluster Development Strategy Capability Development Packet Pg.6062 • One of the Marketing Oversight Committee’s roles is to ensure that the most relevant local sources of subject matter expertise on topics known to challenge growing enterprises in a particular segment are engaged and effectively called upon to contribute to Business Attraction and Retention activities