Bringing Back Main Street Roundtable Economic Development - - PowerPoint PPT Presentation

▶
bringing back main street roundtable
SMART_READER_LITE
LIVE PREVIEW

Bringing Back Main Street Roundtable Economic Development - - PowerPoint PPT Presentation

Mar 27, 2024 121 likes •305 views

Bringing Back Main Street Roundtable Economic Development Indicators and Trends Impacting Rural Communities April 28, 2020 Jillian Donatto Senior Planner, H-GAC h-gac.com h-gac.com Serving Today Planning for Tomorrow Serving Today

slide-1
SLIDE 1

h-gac.com Serving Today • Planning for Tomorrow h-gac.com Serving Today • Planning for Tomorrow

Bringing Back Main Street Roundtable

Economic Development Indicators and Trends Impacting Rural Communities April 28, 2020 Jillian Donatto Senior Planner, H-GAC

slide-2
SLIDE 2

h-gac.com Serving Today • Planning for Tomorrow

Objectives

  • 1. Economic Development Primer
  • 2. Industry vs Talent-Led Economic

Development Strategies

  • 3. Covid-19 Related Trends
slide-3
SLIDE 3

h-gac.com Serving Today • Planning for Tomorrow

What Industry Looks For

§ Transportation § Access to Markets § Supply Chain § Utilities, Infrastructure § Finance, Taxes § Relocation/Construction Costs § Labor Availability

slide-4
SLIDE 4

h-gac.com Serving Today • Planning for Tomorrow h-gac.com Serving Today • Planning for Tomorrow

El Campo: Ready for Business

§ Policy: State of Texas, Local § Access to Markets § Transportation

  • US 59 & SH 71

§ Economic Drivers

  • Aquaculture
  • Agricultural Commodities
  • Farming & Ranching
  • Oil & Gas
  • Wholesale, Trade & Logistics

Houston 71 Miles | 1-1.5 Hrs Victoria 53 Miles | 1 Hr Austin 130 Miles | 2 Hrs San Antonio 160 Miles | 2.5 Hrs El Campo

Source: BLS Quarterly Census of Employment & Wages’ El Campo CDC, H-GAC

slide-5
SLIDE 5

h-gac.com Serving Today • Planning for Tomorrow

Demographic Indicators

P O P U L AT I O N

11,658

M E D I A N A G E

34.56

25% 35% 23% 16% 0% 20% 40% 60% 80% 100%

Educational Attainment

Bachelors Degree or Higher Some College or Associates Degree Diploma or GED Less than High School M E D I A N

H O U S E H O L D I N C O M E

$48,467

Source: El Campo CDC, H-GAC

H O U S E H O L D S

T H A T A R E

FA M I L I E S

71%

A V E R A G E

C O M M U T E

T I M E

22 min.

42%

58%

WORK DISTRIBUTION

Blue Collar White Collar 82%

15%

3%

EMPLOYEE COUNT OF BUSINESSES

Less than 10 Between 10 - 49 More than 50

L A B O R F O R C E

5,753

slide-6
SLIDE 6

h-gac.com Serving Today • Planning for Tomorrow

Economic Development

1.0

INFRASTRUCTURE FOR EMPLOYER-LED GROWTH

slide-7
SLIDE 7

h-gac.com Serving Today • Planning for Tomorrow

What Matters Most to Industry

  • 1. Highway Accessibility
  • 2. Labor Costs
  • 3. Labor Availability
  • 4. Quality of Life*
  • 5. Tax Exemptions &

Construction Costs (tied)

Source: 2019 Area Development Site Selectors Survey

slide-8
SLIDE 8

h-gac.com Serving Today • Planning for Tomorrow

Economic Development 2.0

ENVIRONMENTS FOR A MULTIGENERATIONAL WORKFORCE

slide-9
SLIDE 9

h-gac.com Serving Today • Planning for Tomorrow

What Matters Most to Talent?

ALL Generations Want

  • 1. “Quality of the

Environment”

  • 2. Health, Safety
  • 3. Schools
  • 4. Parks

Younger/Aging Generations

  • 1. Car-Optional
  • 2. Alignment with Values
  • 3. Experiences
  • 4. Engagement

Source: 2015 ULI Community Survey; Pew Research IPUMS (2017); EY 2017; HBR.org

slide-10
SLIDE 10

h-gac.com Serving Today • Planning for Tomorrow

Before the First Interview

Online üParks, Schools, Healthcare üDiversity üVision On the Ground üInformal Mayors üEngagement üBuild on What You Have

Source: 2015 ULI Community Survey; Pew Research IPUMS (2017); EY 2017; HBR.org

slide-11
SLIDE 11

h-gac.com Serving Today • Planning for Tomorrow

Why did Amazon (initially) choose Ne New York?

slide-12
SLIDE 12

h-gac.com Serving Today • Planning for Tomorrow

DISCLAIMERS

UNCHARTERED TERRITORY CONCEPTUAL LEVEL INSIGHTS

FOR DISCUSSION, NOT ENDORSEMENT

I welcome your thoughts and reactions during Q&A!

slide-13
SLIDE 13

h-gac.com Serving Today • Planning for Tomorrow

What Analysts are Saying

“Our estimates of possible FDI to be redirected to Mexico from the U.S., China and Europe range from $12 billion to $19 billion a year,”

Newmark: How We Can Help

A “pe perfect storm” is reshaping the entire global landscape; from our everyday lives to the way we work and how the world perceives the hyper- connectivity of globalization:

  • COVID-19, USMCA, and the Trade War
slide-14
SLIDE 14

h-gac.com Serving Today • Planning for Tomorrow

Pre-/Post-Covid Trends

Retail: retail-pocalypse, Amazon, delivery services Trade: USMCA, Reshoring, China Ag: Consolidation, Demographics, Localism, Supply Chain

In Indus ustr try

Tech: Broadband, Data Science, Artificial Intelligence/Robotics

Approx 25% of all US industries likely to be negatively impacted

slide-15
SLIDE 15

h-gac.com Serving Today • Planning for Tomorrow

Pre-/Post-Covid Trends

Gig Economy and Side Hustle Remote Work, Flex Schedules, Work-life Balance DIY/Life-Hacking Life-Long Learning, E-Learning

Ta Talent-Re Related Opportunities

Moving/Changing Ladders to Fit

slide-16
SLIDE 16

h-gac.com Serving Today • Planning for Tomorrow

Post-Covid

§Some activities/industries might have to be reinvented

  • Restaurants, Events, Arts/Ent.
  • Workplace design
  • Energy
  • Ag/Food Supply Chain
  • Public Engagement

The The Hazy zy Horizo zon

Open Sources: studies from the impact on sectors from: Organization of Economic Cooperation and Development (OECD); KPMG; EY; Ibisworld; PwC; RCLCO; Ariel Properties

slide-17
SLIDE 17

h-gac.com Serving Today • Planning for Tomorrow

Reinvention

Open Sources: City of El Campo; Leader-News.com

slide-18
SLIDE 18

h-gac.com Serving Today • Planning for Tomorrow

THANK YOU