“Everybody has an agenda—it is human nature—but we have to find the common ground to move forward together. It is important to note, even in today’s immediate digital world, that this is a long time process. But, we are seeing tangible change especially when you realize that human relationships are key—that’s what brings fuel to the fire. It is an openness to anything and everything that creates place making and opportunity and buzz. When great institutions and people come together, you can do amazing things.” Christian Leon, Executive Director, Community Enrichment Lab

An Extremely Practical And Do-able Process

Let me emphasize that this strategic community building endeavor is no “pie in the sky”, half-baked exercise. It is firmly grounded in the real world and rapidly becoming an integral part of the new cross-industry business operating environment of accelerating change. All industries, especially financial services, should take note that dynamically partnering with your community should be part of every firm’s business model. It positions your firm and your thinking at the speed of change, helps you be part of the change around you, and ensures you remain relevant with rapidly evolving competition and client expectations. While it entails time and effort, the actual process to develop this new business dynamic in your community is not rocket science. Guidance provided by leaders in the Tampa Bay effort underlines how the process is eminently doable!

“We are celebrating the spirit of the Innovation partnership. A lot of great things that happen in innovation are about dot connection. It isn’t really more complicated than that. It’s set up your environments to connect and the more dots you connect, the more wonderful it is. It’s an incredible process…we are all part of helping to create an innovation movement.”  —Chris Bowen, Tampa !p Board Chairman and (Chief Development Strategist for RD Management – owners of the University Mall property)

“One of the first things I started doing from the beginning of this effort was to ask “Who are the people behind these great companies in our area? Moffitt Cancer Center? Yuengling brewery?  MOSI? Advent Health? That’s how this organization works. I said how do we talk to these guys and someone said I know somebody that may know them. We called and setup an appointment and then shared with them the vision for the area. Most thought about it and wound up agreeing that they also wanted to do something big and joined the growing innovation district. We now have 230 diverse members as partners and… It all started with a conversation!”Mark Sharpe, Executive Director Tampa Innovation Partnership

A Call To Action

The Institute believes that reporting on regional innovation efforts, such as Tampa !p, is an important heads-up for the financial services industry. These regional innovation districts and initiatives are emerging and at different stages of development all across this county. Successful efforts clearly illustrate how regional innovation and economic development can be proactively developed and energized by business leaders with vision. Broadcasting these business and community building activities hopefully inspires financial advisors and industry leaders to become an integral part of the economic development of their local communities.

The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial advisors and financial services firms determined to lead their businesses in an operating environment of accelerating business and cultural change. We position our members with the necessary ongoing innovation resources and best practices to drive and facilitate their next-generation growth, differentiation and unique community engagement strategies. The institute was launched with the support and foresight of our founding sponsors—Pershing, Voya Financial, Ultimus Fund Solutions, Fidelity and Charter Financial Publishing (publisher of Financial Advisor magazine). For more information, click here.

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