> Hey Jonathan,  I think you are on the right track with these metrics and in
> understanding that many audiences, like economic development groups (and
> public companies) need to be able to translate their involvement into a
> tangible ROI.  Metrics are essential to this.  This doesn't mean that one
> has to abandon the community focus as priority #1, #2 and #3.  It just means
> we need to be able to translate our story appropriately depending on the
> audience.   Sorry for preaching to the choir.   I've seen it work first hand
> in securing the active support of a local Mayor, who then put real dollars
> behind paying members fees, just to bring more entrepreneurs to her City.
>  Would love to share more details.  Are you heading to Austin next week?
>
> Mark Gilbreath
LiquidSpace


>
>
> On Thu, Mar 3, 2011 at 1:04 PM, Jonathan Yankovich <
> [email protected]> wrote:
>
>>
>> > Jonathan said:
>> > > for local/regional/state/national groups interested in coworking, to
>> support
>> > > the cause and show people the real value using numbers as opposed to
>> the
>> > > more ephemeral attributes that we're talking about here.
>>
>> Alex said:
>>
>> > To what end? *Sounds* great but most governments and coworking space
>> > owners/operators/founders won't have a clue what to do with these
>> "metrics"
>> > other than throw them at the EDCs and, well, I've already written about
>> > that:
>> http://dangerouslyawesome.com/2010/12/on-economic-development-centers-and-coworking/
>>
>> I think its more about communicating the value of this new model to
>> the people who hold the purse strings in communities when it comes
>> to.  In Madison, our city economic development champion "gets"
>> coworking and sees it as the future, but recognizes that few of the
>> people who are generally involved with economic development decisions
>> and about how to spend government money really understand it the way
>> we do.
>>
>> Some of the questions I've been asked:
>>
>> - How many sqft does a space need to be successful?
>> - How quickly does membership typically grow?
>> - How many members can be supported per sqft?
>> - How many "jobs" and "businesses" are generally created and over what
>> period of time?
>>
>> Answering these kinds of questions will give "EDC's" information that
>> they can understand in the context they're used to.  These folks are
>> used to things like business plan contests (not coworking),
>> "incubators" (not coworking), and tax subsidies for small businesses
>> (not coworking).  If we want them to understand the value of
>> coworking, we have to present information about it in a way that they
>> can "get".  I was hoping that by gathering metrics we could do this,
>> but based on feedback from many people on this list, it sounds like a
>> problem that we perhaps shouldn't even try to solve ... for now.
>>
>> But to answer your question - To what end?  To the end of getting
>> funding, tax breaks, etc from cities to promote the growth of
>> coworking.
>>
>> _jonathan yankovich
>>
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