VOL. 111 | NO. 28 | Tuesday, February 11, 1997
By SUZANNE THOMPSON
Implementation time line for economic growth to be set
By SUZANNE THOMPSON
The Daily News
Implementation of the states plan for economic growth is one of several topics that will be discussed in todays meeting of the Tennessee Board for Economic Growth in Nashville.
ECD Commissioner William A. Dunavant Jr. said the board will examine the time frame for implementation of Opportunity 21 and look at other new options to spur Tennessees economic development.
Dunavant said he believes the meeting will move Opportunity 21 to the next level implementation.
"We will do that by identifying time lines, assignments of tasks and so forth, given what our budget will be," Dunavant said.
He said the governors Monday budget announcement will be a factor in determining how far ECD can expect to move forward with implementation in 1997.
Opportunity 21 targets three main areas of potential growth for Tennessees economy: providing new job opportunities, raising family incomes and promoting capital investment in Tennessee.
In the report, the ECD outlines a plan to stimulate a dynamic, cluster-driven economy. New firms, skills, technologies and finance would be drawn into Tennessees cluster of industries with competitive returns on investments.
Opportunity 21 also addresses the need for efficient delivery of education to provide and promote a skilled and adaptable work force.
Another issue discussed in the report, which contains more than 50 specific recommendations to ensure the future economic growth and prosperity, is the improvement of access to science and technology.
This section contains 11 suggestions, including creating a new state science and technology fund of as much as $10 million per year over three years.
The ECD also recommends in Opportunity 21 enhancing entrepreneurship and improving access to financial capital.
Other programs include building a 21st century physical infrastructure in Tennessee, maintaining a favorable business climate and enhancing programmatic efforts for economic development.