"Growth industries represent potential building blocks for a regional economy," Belcher writes. "Because the market segments are global, these industries are capable of sustaining a regional economy through large-scale job creation and revenue in-flows. Capturing a global market segment is a good way to build a strong regional economy capable of providing the jobs we need and the future we want. Morehead State University’s Space Science Center already has a toe hold in the Aerospace field, and our region can leverage that to gain a share of this global market segment."
"Eastern Kentucky can position itself to compete for ownership of multiple global market segments if we make the right choices today," he writes. "As a region, our economic future depends on our ability to think globally but act regionally . . . If we steer more growth industries here, the result will be an influx of high-tech, high-paying jobs."
"Programs like SOAR can’t do that for us, but SOAR is a tool that can help us do it ourselves," Belcher writes. "That means we have a competitive resource advantage over other regions who don’t have SOAR or similar programs. If we use our new programs, resources and opportunities to capture a share of global market segments, Eastern Kentucky can be an economic powerhouse. That’s a regional vision for our future." (Read more)