Saturday, April 22, 2017

Learning about other local economies 

Darwin reminds me of St. Paul - it's a mid-sized city with small town charm. But it's different, of course. The average temperature right now is around 90 degrees with around 70% humidity - and it's fall down here. There are other similarities and differences, which is why this Rotary exchange program has been very educational. 

Over the last couple of days our team has immersed itself in learning about Darwin's business community. At the moment, tourism and oil refining are the two industries that stand out the most to me. 

Listening to business owners I hear themes common back home. One conversation with a private airline business operator included the pressures the business is facing from competition from both nonprofit and government entities also operating small air services - these two other sectors exist for their primary nonprofit and government purposes, but also take on traditional for-profit work as a means of achieving sustainability.


One large oil and gas extraction and refining project is located in Darwin. The company is trying to meet a quadruple bottom line - make a profit for shareholders, hire and contract equitably, be environment responsible, and be socially responsible to the community. How is it doing in all four areas? The answer of course varies on who you ask. But what is evident is that Darwin has banked part of its economic future in the energy industry and residual economic activity from this sector.

Another business visit was to a social enterprise working to train aboriginal community members and improve job skills, create job references, and establish a work history. The business is a gallery and cafe located in a historical building. This business is positioned to maximize its social impact. Is it sustainable? We never got to that part in our conversation.

And, how can I leave out the crocodile park that conducts research and educates the public about the value of crocodiles. Crocodiles are part of the ecosystem, and they can be harvested for food products (I tasted the croc bites) and their skin can be sold to fashion businesses. This strategy converts the crocodiles from nuisances that eat cattle, to animals that provide sustenance and economic opportunity to entrepreneurs in Darwin. 

While Darwin and its  state (Northern Territory) are unique one economic thread that's common with the Twin Cities is that both towns are working intentionally to have enough jobs for the youth in the community and working to improve their city's quality of life. I did not have to travel half-way around the world to learn this. But I am glad I did. It's been helpful to gauge how innovation in our city compares with other cities and learn economic strategies from other which may be solutions back home.

(I am currently in the city of Darwin in the Northern Territory, Australia.)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.