The I-Open Backstory: A Tale of Industrial Economy Disruption and Spin-Out
From the Report: REI. Business Plan V.1.5 at I-Open on Scribd.
The Institute for Open Economic Networks (I-Open) is a 501c(3) not for profit educational economic development organization spun out (2005) of the Center for Regional Economic Issues (REI), a regional economic policy and report center based in Cleveland, Ohio from 1980 to 2005.
The Center was originally funded by the Cleveland US Federal Reserve Bank at the recommendation of a RAND Corporation report to advise the then many Fortune 500 corporate leaders based in the 23 counties of North East Ohio, a regional industrial economic success.
In 2003, Ed Morrison, lawyer, economic development practitioner, and policy strategist was hired as the Executive Director of REI, housed at the Weatherhead School of Management, Case Western Reserve University. The resident team led by Mr. Morrison, quickly incorporated legacy knowledge assets, updated and developed Center mission, generated a set of operational Principles, and aligned organizational investments with strategic programs in support of tech-based economic development in global networked economies. (Note: Within 60 days of the time of the announced 2003 REI re-alignment, 60% of the Center's regional foundation funding provided by The Cleveland Foundation and George Gund Foundation was withdrawn; the remaining 30% funding provided by the Ameritech SBC Global corporation was re-dedicated by the corporate program office for the continued support of REI activities. Some 15 months later at the closing of the Center by CWRU in 2005, Ameritech SBC Global funds were confiscated by CWRU's Weatherhead School of Management, REI's host organization, during a time of organization and leadership disruption and financial downturn.) In support of the REI 2003 mission update, and to catalyze and strengthen regional civic networks integral to tech-based economic transformation, team member Betsey Merkel developed the Civic Forum process, a pragmatic approach to civic engagement to accelerate the generation of transformational initiatives, ultimately engaging during the 17 month period over 3000 people "on a campus with no parking" - and before the advent of social media! (Costs averaged $.60 cents/person compared to a large failed regional engagement program averaging costs of $60.00/person, proving regional transformation for prosperity building does not need to be costly or complex in open economic networks.) Simultaneously, Ed Morrison designed Strategic Doing, a rapid project development process to support, evaluate, and invest in the resulting Civic Forum entrepreneurial innovations for education, economic, and workforce development. The Civic Forum process and Strategic Doing develop transformational civic entrepreneurial initiatives in Open Source Economic Development to accelerate prosperity for competitive regional advantage.
Click Through For The Center for Regional Economic Issues (REI) Slide Show at I-Open On Flickr. [16 Slides]
The Center was closed by CWRU in June 2005. Ed Morrison was hired by Purdue University in Indiana USA to assist in the development of the Purdue Center for Regional Development, now a national and global hub for education, economic and workforce development and policy. Also in June 2005, Ed Morrison, Betsey Merkel and two others co-founded The Institute for Open Economic Networks (I-Open) to continue the education and development of new practices and tools in Open Source Economic Development begun at REI. (Note: Open Source Economic Development and Strategic Doing developed by REI Exec. Dir. Ed Morrison were later spun out in June 2005 and widely adopted by U.S. Workforce Investment Boards, the U.S. Economic Development Administration at the U.S. Dept of Commerce, and U.S. Dept of Energy to accelerate workforce innovation for regional economic development.
In Northeast Ohio, Betsey Merkel, REI Strategic Networks and Communications, and developer of the Civic Forum Process, continued to lead Civic Forums with I-Open colleagues and community to construct regional civic entrepreneurial networks and support resulting transformational enterprise initiatives.)
Ed retired from I-Open a few years ago to dedicate his work to the advancement of open models in workforce development. Betsey Merkel continues to invent and develop new practices and tools in Open Source Economic Development for the acceleration of transformative enterprise in emerging network economies.
Links of interest:
- Purdue Center for Regional Development http://www.pcrd.purdue.edu/
- The Institute for Open Economic Networks (I-Open) http://i-open.posterous.com/
- I-Open Library on Scribd http://www.scribd.com/I-Open
- Ed Morrison http://edmorrison.com/
- Betsey Merkel http://www.linkedin.com/in/betseymerkel
