Pike Powers to Address Economic Transformation at ICAD Group Breakfast


ICAD Group in Beginning Stages of $5 Million Vision 2030 Investment Campaign

Known to some as the “Tech Godfather” of Austin, Texas, civic entrepreneur Pike Powers will keynote the Iowa City Area Development Group (ICAD Group) Fundraising Kickoff Breakfast on Tuesday, April 24, 2012, in the Grand Ballroom at hotelVetro.  The event is targeted to the regional business community and will outline the goals of the organization’s $5 million campaign and the future of ICAD Group’s programming and activities, known as Vision 2030. 

There is no fee to attend.  Reservations are required.  Networking will begin at 7:00 a.m. with the breakfast and program running from 7:30 a.m. to 9:00 a.m.  Reservations can be made online at www.icadgroup.com/vision2030 or by phone at (319) 354-3939.  

Mark Nolte, Interim ICAD Group President says the breakfast and keynote message will help underscore the means and reasons for economic transformation in this market.  “Companies are looking for innovative cultures that will help them compete and grow,” said Nolte.  “Pike will detail Austin’s successful culture and we’ll layout a bold, new game-plan for driving our economy here.”

Pike Powers is a nationally recognized authority on high technology economic development.  As a co-founder of the Texas Technology Initiative, Mr. Powers championed a collaborative approach between business, academia and government, which transformed the city of Austin and Central Texas into a global center for venture capital and technological innovation.

Nolte added that ICAD Group sees Austin as both a competitor and collaborator, and can adopt their ideas and strategies for business development, recruitment, and entrepreneurial programming for early stage companies and technologies.  “There’s no denying that Austin is seen as a global leader in economic development and quality of life,” said Nolte.  “Combining Pike’s message with our Vision 2030 campaign will illustrate the need for investment in ICAD Group and our vision for the future.”

In addition to Mr. Powers, Campaign Co-chairs Kate Minette (Pearson), Chuck Peters (Sourcemedia Group) and Charles Funk (MidwestOneBank) will speak at the meeting.  University of Iowa President Sally Mason is also a co-chair of the campaign, but unable to attend.

Speaking on behalf of the leadership team, Chuck Peters said that it is time to tap into the unlimited potential found in Iowa’s Creative Corridor.  “As stakeholders, we want to be involved in that future and partner in building a culture of innovation,” said Peters.  "We are confident this area can excel far beyond where we have been, but we need support for ICAD Group’s Vision 2030.”

Funding Solutions of Austin, Texas, is conducting the $5 million Vision 2030 fundraising campaign.  Funding Solutions provides comprehensive analysis, fundraising strategies and implementation for economic development groups and chambers of commerce.  To date, representatives from ICAD Group and Funding Solutions have met with one hundred private and public investors since late February and are continuing to schedule meetings for the next few months to discuss investment in ICAD Group.

The organization will unveil the financial support already committed toward the campaign goal at the conclusion of the breakfast.