2012 CEDS PLAN. Comprehensive Economic Development Strategy Committee. July 12, Treasure Coast Regional Planning Council

Transcription

1 2012 CEDS PLAN Comprehensive Economic Development Strategy Committee July 12, 2012 Treasure Coast Regional Planning Council

2 Topics of Discussion: CEDS 2012 Project Portal Draft 2012 CEDS Plan CEDS Project List / Solicitation 2012 Timeline

3 CEDS Project Portal

4 Project Portal CEDS Committee meetings and agendas Document resources EDA CEDS requirements DEO planning documents Presentations Links Six Pillars EDA Seven50 Map series CEDS Committee meetings and agendas CEDS working draft

5 Draft 2012 CEDS Plan

6 What Have we Learned?

7 The Economic Landscape is Changing Dramatically

8 Vision is Still Relevant CEDS VISION The Treasure Coast Region - Is comprised of vital vibrant communities with a true quality of place; Is one of North America s most dynamic economic regions; Rewards innovation by starting, growing and attracting entrepreneurial firms; Is Florida s leading center for scientific research and development; Provides economic opportunities to its residents; Values its open spaces and unique natural environments; and Has communities that are diverse, safe and prosperous.

9 Population Region s growth rate is declining Average Annual Growth Rates and % 0.80% 1.20% 1.10% 2.00% 2.40% % 1.90% 2.00% 1.90% 1.70% 1.80% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% INDIAN RIVER MARTIN PALM BEACH ST. LUCIE REGION STATE

10 Economy is Transitioning

11 Employment Growth has Resumed 6.00% Employment Growth Year Over Year Percent Change 4.00% 2.00% 0.00% -2.00% -4.00% -6.00% nation state region

12 Recent Job Growth Lead by Services Year Over Year Employment Change by Industry, Professional and Business Services Education and Health Services Trade, Transportation and Utilities Leisure and Hospitality Financial Activities Other Services Unclassified Information Manufacturing Natural Resources and Mining Construction -3,000-2,000-1, ,000 2,000

13 Wagee Region s Wages Continue to Trail the Nation Average Annual Pay $45,000 $40,000 $35,000 $30,000 $25,000 $20, Year Palm Beach Martin St Lucie Indian River Region Florida Nation

14 Per Capita Income Has Suffered Per Capita Personal Income by County

15 The Quality of Our Infrastructure is Declining

16 LQ in 2010 Emerging Clusters Treasure Coast Region Industry Clusters (excluding Electrical Equipment Mfg. & Primary Metal Mfg.) Business & Financial Services, 60,821 Arts, Entertainment, Recreation & Vistor Industries, 35,887 Biomedical/Biotechnical (Life Sciences), 76,105 Defense & Security, 31,488 Agribusiness, Food Processing & Technology, 15,046 Education & Know ledge Creation, 15,502 Apparel & Textiles, 2,513 Information Technology & Telecommunications, 16,267 Transportation & Logistics, 9,029 Forest & Wood Products, 2, Arts, Entertainment, Visitors Life Sciences Fabricated Metal Product Mfg, 1,829 Printing & Publishing, 8,667 Machinery Mfg, 885 Manufacturing Supercluster, 10,890 Advanced Materials, 7,786 Computer & Electronic Product Mfg, 2,609 Energy (Fossil & Renew able), 18, Glass & Ceramics, 405 Mining, % % % 0.00% 10.00% 20.00% 30.00% Percent Change in LQ

17 Innovation Index

18 What You Told Us: Regional SWOT Strengths Analysis Growing population Fast rate of job growth High regard for quality of life/quality of place issues Steady rate of small business growth Weaknesses Lack of economic diversity Venture capital and entrepreneurial network lacking Skills mismatch to industry needs Lack of capital to support small business growth Opportunities Emerging research / development clusters Ports and export capability, globalization Regional partnerships emerging workforce development, education, economic development, finance Growing, culturally diverse population Threats Infrastructure systems and resources stretched by residential and economic growth Federal disinvestment for local priorities Job growth concentrated in low-wage sectors Lack of support for entrepreneurship and weak understanding of process

19 Figure x Regional SWOT Analysis Visualization 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% 1 Strengths Weaknesses Opportunities Threats

20 What s the Plan?

21 A single idea from the human mind can build cities. An idea can transform the world and rewrite all the rules... Leonardo DiCaprio as Cobb in Inception

22 What Can We Do? Need to seed and grow a culture of innovation throughout the Region Permeated through our governments, business community, educational institutions and nonprofit sectors Embraced by the Region s broad-based leadership Practiced as the new way of doing business

23 CEDS Project List / Solicitation

24 Current CEDS Project List Basis of: Must have regional impact Strategic infrastructure Focus on high-value added Support Region s star and emerging clusters Is catalytic

25 CEDS Project Solicitation Launch next week 30 day turn around Projects of regional impact Will be vetted by staff/ceds Committee Added to 2012 CEDS

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27 2012 CEDS Plan Outline 1. Acknowledgement 2. Preface 3. Forward 4. Executive Summary 5. Analysis of the Region 6. Summary of Strategic Findings 7. CEDS Goals and Objectives 8. Community and Private Sector Participation 9. Strategic Projects, Programs and Activities 10. Vital Projects Action Plan Matrix 11. Performance Measures 12. Appendices

28 Timeline September 8, 2011 October 13, 2011 November 10, 2011 December 8, 2011 January 12, 2012 February 9, 2012 March 8, 2012 April 12, 2012 May 10, 2012 June 14, 2012 July 12, 2012 August 9, 2012 September 13, 2012

29 Contact Information Greg Vaday Economic Development Coordinator for TCRPC (772) Website: