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Secretary Perales Moderates Panel at Open for Business Conference

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As part of Governor Cuomo’s Open for Business Statewide Conference, Secretary of State Cesar Perales moderated a panel session on Performance Measurements on September 27. While not everyone is familiar with measuring success in this way, Performance Metrics is an important tool for measuring results in order to improve performance. The strategic plans currently being developed by the state’s ten Regional Councils are all required to contain a section on performance measurement. They’ll need to identify what to measure, how to measure it, and the data source and time period for the measurement.

To help council members learn about best practices for measuring performance, a distinguished group of panelists joined the Secretary in discussing how utilizing metrics will help their regions focus its energies and resources in ways that will more effectively foster successful businesses.Panel members included Kenneth Poole, Ph.D., Executive Director Council for Community and Economic Research; David Post, Strategy and Innovation Global Lead with IBM; and Peter Kwass, principal with the economic development consulting firm Mt. Auburn Associates.

The session explored proven approaches for measuring the effectiveness of strategies at the regional level; best practices; and how to identify when a strategy is working, and when it is not. Successful Regional Councils will develop performance measures that are accessible, realistic, and structured in a way that can drive decision-making. By continually measuring performance, the Councils will be better positioned to adjust the activities, projects, and policies that will be needed to achieve the best strategies available for their region.

The Regional Economic Development Councils represent the 10 regions across New York State including the Capital Region, Central New York, Finger Lakes, Hudson Valley, Long Island, Mohawk Valley, New York City, North Country, Southern Tier, and Western New York. The Councils are public-private partnerships composed of local experts and stakeholders from business, academia, local government, and non-governmental organizations charged with developing strategic plans that emphasize each region’s strengths and unique assets.