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Greener Denver Initiative A Climate Prosperity Strategy Climate Prosperity Project National Leadership Meeting San Jose, CA February 21, 2009 Project Sponsor Office of Economic Development City and County of Denver Project Coordinator Metro Denver Economic Development Corporation 2 Key Stakeholders Mayor’s Office / Greenprint Denver Metro Denver Economic Development Corporation Metro Denver WIRED Governor’s Energy Office Connected Organizations for a Responsible Economy Alliance for Sustainable Colorado University of Colorado (Boulder), LEED School of Business National Renewal Energy Labs 3 Project Leadership Andre Pettigrew Executive Director, OED Christopher Smith Project Lead, OED Holli Baumunk Vice President, MDEDC Mary Jeffries Energy Sector Lead, MDEDC Jeff Romine Lynn Sargent Jennifer Zacker Chief Economist, OED Green Savings, OED Green Opportunities, OED Georgia Howard Green Talent, OED 4 The “regional climate” for Greener Denver… Challenges Challenges Opportunities Current financial crisis constrains adoption of energy innovations Strong energy research infrastructure matched with entrepreneurial culture and spirit Environmental Region’s long history in fossil fuels may delay industry and personal transformation Harness region’s distinctive renewable energy resources and innovation assets Political Transition of local strategy to 9 county regional strategy Success in various regional initiatives sets stage for climate prosperity approach Outdoor culture not fully translated into sustainable economic actions High readiness to apply entrepreneurial thinking and investment to new economy Economic Social 5 What we intend to accomplish… Savings Talent Opportunities Goals 1. To transform our dynamic economy 2. To achieve our climate goals 3. To ensure social equity in a sustainable future Objective Accomplish goals by 2020 6 Green Savings Marketing /Outreach Education /Training Technical Assistance Financing Industry — Our Economic Drivers Work within our region’s 9 clusters to identify individual and shared challenges and determine appropriate actions that: Reduce cost Improve competitiveness and innovation Reduce Dependency on foreign oil Community — Our Homes and Markets Engage our neighborhoods and business districts by using a place-based approach to achieve energy efficiency objectives Institutions — Major Infrastructure Help our cities, school districts, hospitals and major public facilities achieve greater efficiency and renewable energy usage 7 Clean Tech Cluster Greening of Regional Cluster Supply Chains Aerospace Aviation Bioscience Energy Financial Services Information Technology Beverage Production Broadcast & Telecom Financing Innovation Support innovations that bring technologies to market, optimize business operations and create workforce opportunities Green Opportunities Capitalize on metro Denver’s strong position as a center for the emerging clean tech industry Research & Development Size Today: Renewable energy companies; 1000+ firms related to clean tech Tech Transfer Employment: 13,940 jobs, 6th largest nationally Commercialization Venture Capital Traditional financing Diversity and Depth: Broad and diverse industry sector: wind and solar to advanced materials and storage and sequestration Research Infrastructure Assets: Leveraging NREL, university collaborations and 28,000 employee regional energy cluster 8 Preparation K-12 Readiness STEM Career Academies Energy: Red Rocks Early College Math Science & Creativity Academy Denver School of Science and Technology Advancement Occupational & Professional Community Colleges (WIRED funded) Front Range: Energy Boost Red Rocks: Solar energy AA and certification Solar & Wind Apprenticeship Center Green Talent Education Skills Development Career Paths Transformation Retraining & Adaptation Metro Denver Wired Initiative Pipeline for high-tech-high industries iCAST: Trains unemployed for careers in energy efficiency and solar installation 9 Our key actions taken to date… Action 1 Established Office of Economic Development Business Development Small Business Opportunity Workforce Development Housing and Neighborhoods Services Greenprint Denver Initiative Citywide 2012 emissions reduction target Action 3 Action 2 Greening the Democratic National Convention Green Vendor Directory Industry Sector Partnerships New Energy Economy Roundtables Green Community Building Greener Denver Initiative Climate Prosperity Project Strategic Framework Action 4 10 Step 1 Our future actions… Step 3 Mobilize: Convene Core Partners Metro Denver Economic Development Corporation Metro Mayor’s Caucus Governor’s Energy Office Analyze: Launch Collaborative Process Assess Regional Efforts To Date ex: Smart Grid – Boulder ex. Colorado Energy Coalition – MDEDC Catalyze: Identify Strategic Priorities Green Savings Green Opportunities Green Talent Realize: Align Regional Efforts Metro Denver EDC assumes lead responsibility Take best practices and bring to scale Develop new aggregation and delivery options Step 5 Step 2 Step 4 Actualize: Build Partnerships Determine how to best sustain strategic implementation 11 Greening Denver: Leveraging Assets for Climate Prosperity Climate Prosperity Input Advantages Green Savings (Demand) Accessible Capital Innovation Pipeline Greening Of Industry Logistical Advantage Next Generation Skills Greening Communities Climate Change State Policies Natural Resource Center Greening Of Institutions Green Opportunity and Talent (Supply) Clean Tech And Green Supply Chain Triple Bottom-Line Results Climate Change Progress Economic Vitality Green Workforce and Entrepreneurs Enhanced Opportunity We have the RESOURCES to succeed ! 12 Key obstacles to accomplishing our goals… Transform – Economy Change Market Behavior Overcoming resistance to change among businesses, residents and policy makers to build scale of demand to enable markets to grow. Achieve – Climate Goals Creating Greater Greener Denver Securing regional ownership and support for this effort Ensure – Social Equity Realizing that success is defined broadly such that all members of the community benefit from this effort 13 Financial and In-Kind Resource commitments to date… Financial & In-Kind 14 1. Mobilize: Ready stakeholders to work together via early stakeholder outreach—with active media 2. Analyze: Provide comparative data to the strategy process – and share through open forums 3. Catalyze: Convene the stakeholders to What about us? define bottom-up, Community role in creating user-driven, Greener Denver market focused at each step solutions We are committed to engaging and 4. Realize: Structure sustaining community actions that are based on participation… commitment of 5. Actualize: Play our community stakeholders, part in implementation not just top-down and tracking results 15 3 ways national and global network can best assist us… Help us attract additional financial support for our efforts Collect and distribute key research and best practices from across the nation Collaborate across regions to build market demand and delivery to accelerate change 16