Custer County Southern Colorado Economic Development District - - PowerPoint PPT Presentation
Custer County Southern Colorado Economic Development District District designated by U.S. Dept. of Commerce Membership of county/local governments Mission to stabilize and diversify regional economy Back office for local
Southern Colorado Economic Development District
Agenda
Introductions Explanation of CEDS process Overview of Custer County economy BREAK! Identify economic threats and opportunities Establish community goals Nominate projects Wrap up
How to Use the Polling Devices
The handheld devices will be used to collect your answers to questions we ask during tonight’s presentation. When a question is displayed on the screen, please use the keypad to record your answer. The keypad corresponds with the numbered answers displayed on the screen. You can answer the question as long as poll remains open. If you want to change your answer, you must do so before the poll is closed. Your responses are anonymous and only aggregate data will display on the screen.
How to use the Polling Devices
To activate your keypad, please press the “ID” button.
What Zip Code is your primary residence?
1.
81069
2.
81252
3.
81253
4.
Other
10% 0% 90% 0%
81069 81252 81253
42
Where do you work?
22% 0% 0% 0% 0% 2% 76% Custer County Fremont County Huerfano County Pueblo County Saguache County Other County Not Employed
49
Why do you live in Custer County?
2% 12% 16% 2% 59% 8%
1 2 3 4 5 6
49
What is Economic Development?
The economic growth of an area as evidenced by:
What is the CEDS?
This is your opportunity to:
In a nutshell… The CEDS process is a proven way to plan for the future prosperity of your community!
How is it Done?
New Projects
Population
US Census *Estimate
500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010
Custer County
Change in Population
Source: DOLA
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Change in Population
Colorado Custer County
Over the next ten years would you prefer the population . . .
78% 0% 22%
Increase Decrease Remain the Same
50
County Revenues
Source: DOLA
$0.00 $200.00 $400.00 $600.00 $800.00 $1,000.00 $1,200.00 $1,400.00 $1,600.00 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Custer County Per Capita Financial Information
Per Capita Revenue Per Capita Expenses
County Revenues
Colorado Division of Local Government
$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Custer County Revenues by Source
Property Specific Ownership Sales & Use Other
Regional Economy
Source: DOLA Annual Reports Source: Department of Revenue
0.000 5.000 10.000 15.000 20.000 25.000 30.000 Chaffee Custer Fremont Lake
Upper Arkansas Region Mill Levy
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Chaffee Custer Fremont Lake
Upper Arkansas Region Sales Tax Rate
Housing
DOLA
$26,173 $37,893 $26,350 $34,731 1990 2000
Housing Affordability
Income to Purchase Average House Median Household Income 120 109 1990 2000
Housing Affordability Index
Tourism
Dean Runyan Associates
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (P)
Travel Spending ($M)
50 100 150 200 250 300 350 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (P)
Travel Impact (Jobs)
Population by Age
Source: DOLA Source: Census
50 100 150 200 250 300 350 400
Custer County Population by Age
1990 2000 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Custer County Median Age
Custer Colorado
Education
School enrollment in Custer County schools dropped 16% since 2004.
Source: CO Dept of Education
200 400 600 800 1000 1200 1400 2005 2006 2007 2008 2009 2010
School Enrollment vs. School Age Population (5-19)
Enrollment Population
Why are school enrollments declining?
1.
Fewer families with young children
2.
Families prefer to enroll their children in other counties
3.
Families are choosing private schools
4.
Many families are choosing to home school
children
33% 4% 0% 63%
1 2 3 4
52
Poverty
Data is unavailable for 1996
Source: Bureau of Economic Analysis
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 1989 1993 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Population Under 18 in Poverty
United States Custer Colorado
Poverty
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% Baca Bent Chaffee Crowley Custer Fremont Kiowa Lake Las Animas Otero Prowers Pueblo Colorado United States
2008 Percent of SCEDD District Population in Poverty
US Census-SAIPE
Poverty
Source: Census
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 2000 2005 2006 2007
Population Under 65 Uninsured
Colorado Custer County
Poverty
Source: Bureau of Economic Analysis
Average of January & July report periods Source: USDA
$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Per Capita Transfer Receipts
Total Per Capita Current Transfer Receipts Per capita income maintenance Per capita unemployment insurance benefits Per capita retirement and other 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%
Food Stamp Participation
Over the next ten years do you think the standard of living in Custer County will . . .
35% 29% 37%
I n c r e a s e D e c r e a s e R e m a i n t h e S a m e
52
Local Economy
Custer County’s unemployment rate has ranged from 2.4% to 6.6% in the last ten
6.6%; the highest unemployment rate for the County since 1992.
Source: LMS-CO Workforce
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%
Custer County Unemployment Rate Compared to State
Custer County Unemployment Colorado
Local Economy
This ratio indicates the degree to which a population is working or actively seeking
forms of income or a significant number of discouraged workers. A higher rate may indicate a tight labor market. As of June, 2010 the Colorado rate was 68.3% and the National rate as of July, 2010 was 64.6%. Custer County’s rate as of December, 2009 was 47.8%.
40.0% 42.0% 44.0% 46.0% 48.0% 50.0% 52.0% 54.0% 56.0% 58.0% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Custer County Labor Force Participation Rate
Local Economy
The chart below represents the monthly labor force data beginning January, 2007. The recession began in December, 2007 and is reflected by the solid red line; the recession ended June, 2009. The gap between the data represents the unemployed.
Source: Bureau of Labor Statistics
1,000 1,500 2,000 2,500 January-07 February-07 March-07 April-07 May-07 June-07 July-07 August-07 September-07 October-07 November-07 December-07 January-08 February-08 March-08 April-08 May-08 June-08 July-08 August-08 September-08 October-08 November-08 December-08 January-09 February-09 March-09 April-09 May-09 June-09 July-09 August-09 September-09 October-09 November-09 December-09 January-10 February-10 March-10 April-10 May-10 June-10 July-10 August-10 September-10 October-10 November-10 December-10
Custer County Recession Labor Force
Labor Force Employment
Local Economy
Source: Bureau of Labor Statistics
$0 $200 $400 $600 $800 $1,000 $1,200 2003 2004 2005 2006 2007 2008 2009
Average Weekly Wages
Colorado Custer County
Local Economy
The per capita personal income for Custer County is 20% below the State average.
Source: Bureau of Economic Analysis
$0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Per Capita Personal Income
United States Custer County Colorado
Local Economy
Source: Bureau of Economic Analysis
200 400 600 800 1,000 1,200 1,400 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Number of Proprietors
Farm Nonfarm
Local Economy
Source: Bureau of Economic Analysis
$0 $5,000 $10,000 $15,000 $20,000 $25,000 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Proprietor's Income
Farm Nonfarm
Regional Economy
0.00 20.00 40.00 60.00 80.00 100.00 120.00 2002 2005 2007
Upper Arkansas Region Cost of Living Index
Pitkin Chaffee Fremont Custer Lake Baca Kiowa
Colorado State University
Regional Economy
Source: LMS-CO Workforce
0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Upper Arkansas Region Unemployment
Colorado Chaffee Lake Fremont Custer
Regional Economy
Stress Index Methodology: The three rates were converted from percentages to decimal values between 0 and 1 before consolidating in the following calculation: [1-[(1-unemployment rate) x (1-foreclosure rate) x (1-bankruptcy rate)]] x 100
Source: Associated Press Economic Stress Index
0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% Chaffee Custer Fremont Lake
Upper Arkansas Region Stress Index
January 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010
Regional Economy
Source: DOLA
$0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 $400,000,000 $450,000,000 $500,000,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Upper Arkansas Region Assessed Valuation
Chaffee Custer Fremont Lake
Summary
1.
Population growth rate is steep but slower than previous decade.
2.
County is becoming more dependent on property taxes.
3.
Housing is becoming less affordable.
4.
44% of dwelling units are second homes.
5.
Tourism spending has fallen sharply since the recession.
6.
School enrollment is down 16%
7.
Child poverty is higher than the state average.
8.
Food stamp use is double the pre-recession usage.
9.
Few than half adults are in the workforce.
What is the worst problem facing Custer County?
1.
Lack of jobs
2.
Seasonal economy
3.
High cost of housing
4.
Tourism falling
5.
Low wages/income
6.
Population growing too fast.
25% 48% 0% 13% 13% 0% 1 2 3 4 5 6
52
What should be the primary economic development focus of the county?
1.
Support and assist existing business to expand
2.
Tourism marketing
3.
Develop renewable energy
4.
Increase retail sales
5.
Attract new businesses
8% 37% 12% 12% 33%
1 2 3 4 5
52
How difficult would it be for an entrepreneur to open/move a business here?
1.
Easier than in other counties
2.
No worse than in
3.
Very difficult because
4.
Impossible
28% 38% 13% 21%
1 2 3 4
53
What would be the biggest hurdle for a new business in Custer County?
1.
Accessing capital
2.
Finding qualified employees
3.
Acquiring planning and zoning permits
4.
Finding a suitable location
5.
Other
45% 28% 4% 8% 15%
1 2 3 4 5
53
Do you believe water is a factor limiting growth and prosperity in Custer County?
53% 47%
Yes No
53
Is internet access in your community…
1.Available and adequate 2.Largely unavailable or
inadequate
3.Available but too slow or
unstable
4.I don’t use the Internet
52% 12% 35% 2%
1 2 3 4
52
What are your thoughts on construction of a nuclear power plant?
1.No to a nuclear power
plant anywhere in Colorado
2.Yes to a nuclear power
plant in Pueblo
3.Yes to a nuclear power
plant in SE Colorado
4.Yes--anywhere in Colorado
26% 36% 17% 21%
1 2 3 4
53
Economic Risks for Custer County
Threats to the Local Economy
Strengths and Assets
What are Custer County’s strengths and assets?
Opportunities
What opportunities can we pursue to improve the Custer County economy?
businesses “school without walls”
Economic Development Projects Identify projects that will improve the economy in a measurable way:
Suggested Projects
What resource/actions from the State of Colorado would be most helpful in order to implement the county economic development plan?
1.
Strategic grants to leverage projects
2.
Business loan funds/access to capital
3.
Incentives for job growth
4.
Tax credits for job growth
5.
Streamline regulations & permitting
6.
Technical assistance & assessment visits to develop action plans
7.
More worker training programs
8.
Entrepreneurial programs
9.
Better information about existing state programs
29% 0% 17% 4% 10% 10% 15% 6% 8% 1 2 3 4 5 6 7 8 9
48
Final Thoughts
Contact