1. ECONOMIC DEVELOPMENT WORKING GROUP UPDATE
Presented by
Craig Williams, EDWG co-chair
4 June 2013

2. Excerpts from Phase I - Draft Job Loss Aversion
• Any attempt to plan for mitigating the effects of an anticipated economic event begins
with an accurate and realistic understanding of the area’s existing workforce and
economic environment.
•
• STUDY AREA DEFINITION
•
• The area specified for this study consists of the Kentucky counties of Madison and
Rockcastle, known as the Richmond-Berea, KY micropolitan statistical area. Madison
County is the home of the principal cities of the micro area, Richmond and Berea, as well
as Boonesboro, Kirksville and Waco. In addition to its county seat of Mount Vernon,
Rockcastle County includes the cities of Brodhead and Livingston.

3. Data Will Include
16.7%
30.8%
20.6%
7.3%
13.7%
10.8%
Fig. 6: Educational Attainment
Study Area
<High School
High School/GED
Some College
Associate's Degree
Bachelor's Degree
Graduate/Professional Degree
Source: US Census ACS 2009-2011

4. 21.6%
15.5%
26.1%
24.8%
11.9%
<18 Yrs
18-24 Yrs
25-44 Yrs
45-64 Yrs
65+ Yrs
Fig. 5: Age Structure
Study Area
Source: US Census ACS 2009-2011

7. CEDS - COMMON EDUCATION DATA STANDARDS
LONGITUDINAL EMPLOYER– HOUSEHOLD DYNAMICS (LEHD) DATA ARE THE RESULT OF A PARTNERSHIP
BETWEEN THE CENSUS BUREAU AND U.S. STATES TO PROVIDE HIGH QUALITY LOCAL LABOR MARKET
INFORMATION AND TO IMPROVE THE CENSUS BUREAU'S ECONOMIC AND DEMOGRAPHIC DATA
PROGRAMS.

10. ASSOCIATED ACTIVITIES
• Multiple Meetings with Study Participants
- EDWG Co-Chairs
- BGADD/BGWIB
- Commerce Lexington
- BGCAPP Tours with BGADD/WIB
- SWOT Analysis with EKU Facilitation Team
* Scheduled Attendance at the Association of Defense Communities Nation Summit
11-14 June, Washington D.C.
EDWG = Economic Development Working Group
BGADD = Blue Grass Area Development District
BGWIB = Blue Grass Workforce Investment Board
BGCAPP = Blue Grass Chemical Agent Pilot Plant
SWOT = Strengths/Weaknesses/Opportunities/Threats

11. The Economic Development Working Group will
meet later in June to review and input to the final draft one it
becomes available.
***********
Final Phase I Report Due on or about 1 July

12. Discussion/Questions