Economic Overview of the Southern Idaho Region.

1. Where we are now and how we get to where we want to be?
Ethan Mansfield
SW Idaho Regional Economist
Idaho Department of Labor
Economic Development in
South Central Idaho

2. Outline
• What Does SIEDO’s 6-county region look like now?
• What is it projected to look like in the future?
• What are the Economic Development policy changes going forward
that might affect the region’s position in the future?

4. Source: EMSI
8.6
3.0
9.7
3.7
10
4.9
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Unemployment Rates
SIEDO Region, Idaho and United States
2007-2016
SIEDO Idaho US

5. Jobs and Wages
• Population = 169,737 (10% of Idaho)
• Idaho = 1,654,930
• Total Jobs = 85,356 (11% of Idaho)
• Idaho = 784,609
• Average Wage per Job = $31,535
• Idaho = $36,781
• Per Capita Income = $37,918
• Idaho = $36,734
• 2011-2016 Job Growth = 9,745
• Idaho = 85,459
• 2011-2015 Percent Job Growth = 13%
• Idaho = 12%

6. Description 2016 Jobs 2016 Wages
2011 - 2016
Change
2011 - 2016 %
Change
Expected
Change
Competitive
Effect
2016 Location
Quotient
Crop and Animal Production 13,752 $31,249 988 7% (205) 1,194 13.31
Government (incl. Public Ed) 11,296 $29,521 1,045 9% 522 523 0.86
Manufacturing 9,333 $43,421 1,044 11% (79) 1,122 1.38
Health Care and Social Assistance 9,153 $34,687 2,618 29% 1,768 849 0.85
Retail Trade 8,836 $25,676 1,202 14% 617 585 0.99
Administrative and Support and
Waste Management and
Remediation Services
5,648 $19,061 1,211 21% 817 394 1.05
Accommodation and Food Services 5,355 $13,346 865 16% 544 321 0.74
Transportation and Warehousing 4,460 $38,227 626 14% 390 235 1.56
Construction 3,472 $33,451 484 14% 345 139 0.75
Wholesale Trade 3,342 $46,813 296 9% 288 8 1.02
Other Services (except Public
Administration)
3,229 $22,275 602 19% 279 322 0.79
Professional, Scientific, and
Technical Services
2,254 $42,932 267 12% 372 (105) 0.41
Finance and Insurance 1,584 $44,655 25 2% 124 (99) 0.48
Arts, Entertainment, and Recreation 893 $12,055 138 15% 96 42 0.62
Information 765 $39,873 38 5% 23 15 0.49
Real Estate and Rental and Leasing 678 $28,189 20 3% 37 (16) 0.49
Educational Services 464 $17,138 102 22% 67 36 0.22
Utilities 463 $68,907 43 9% (1) 45 1.52
Management of Companies and
Enterprises
204 $55,973 3 1% 18 (15) 0.17
Mining, Quarrying, and Oil and Gas
Extraction
174 $31,876 10 6% 32 (23) 0.47

9. 3.6
5.3
3.9
SIEDO
Idaho
United States
Percent Population Change
2010-2015

11. 25%
61%
15%
22%
64%
15%
19%
66%
15%
0-14 15-64 65+
Age Distribution
2015
SIEDO Region Idaho United States

12. 12%
22%
16%
SEIDO Idaho USA
Percentage Change 60 and Older
2010-2015

13. 8%
27%
41%
17%
6%
8%
28%
43%
16%
5%
14-21 22-34 35-54 55-64 65-99
WORKFORCE BY AGE COHORT
SIEDO Idaho
SIEDO Region:
• 23% of the working
population is above the
age of 55
• 6% of the working
population is above the
age of 65
Idaho State:
• 21% of the working
population is above the
age 55
• 5% of the working
population is above the
age of 65

14. 9% 9%
22%
14%
14%
25%
0%
5%
10%
15%
20%
25%
30%
0-14 15-64 65+
Projected Growth By Age Group
2015- 2025
SIEDO Region Idaho

15. 0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2025 Projected Job Growth* Labor Force Growth**
Workforce
Gap
13,687
5,101
8,586

16. NAICS Description 2016 Jobs 2015 - 2025 Change 2015 - 2025 % Change
62 Health Care and Social Assistance 9,153 2,831 32%
56
Administrative and Support and Waste
Management and Remediation
Services
5,648 1,808 36%
44 Retail Trade 8,836 1,437 17%
72 Accommodation and Food Services 5,355 1,319 27%
31 Manufacturing 9,333 1,111 12%
90 Government (incl. Public Ed) 11,296 1,109 10%
11 Crop and Animal Production 13,752 939 7%
48 Transportation and Warehousing 4,460 790 19%
81
Other Services (except Public
Administration)
3,229 649 21%
23 Construction 3,472 444 13%
71 Arts, Entertainment, and Recreation 893 324 47%
42 Wholesale Trade 3,342 323 10%
54
Professional, Scientific, and Technical
Services
2,254 315 14%
61 Educational Services 464 135 32%
51 Information 765 57 8%
22 Utilities 463 47 10%
52 Finance and Insurance 1,584 36 2%
21
Mining, Quarrying, and Oil and Gas
Extraction
174 18 11%
55
Management of Companies and
Enterprises
204 8 4%
53 Real Estate and Rental and Leasing 678 (12) (2%)

17. Migration
• Step One: Why do people move?
• Market Reasons
• Job Opportunities
• Non-market Reasons
• Family
• Cultural Amenities
• Natural Amenities
• Schools
• Both Market and Non-market factors are Economic Reasons

18. Have you seen Clif Bar’s Instagram?
• https://www.instagram.com/clifbarcompany/?hl=en
• The Clif Bar Team Biker in Twin Falls

19. “The Power of Place-making”
• Young, Talented People like Diversity in:
• Housing Stock
• Transportation Modes
• Public and Private Spaces
• Restaurants and Bars
• Trail Uses
• Population

20. What Factors Contribute to Unequal
Economic Development across Space?
• Natural Amenities
• Cultural Amenities (Schools)
• Human Capital (Workforce) (Schools)
• Infrastructure (Schools)
• Jobs follow people vs. people follow jobs?
• More support for jobs follow people in rural areas; Magic Valley is exceptional
• Tax Policy?

21. Mike Brown – Local Construct
• A number of cities have been able to attract talent by quality urban
planning. The most successful cities in the past years — I’d say Seattle
and Portland are awesome examples, off the top of my head, and
Nashville’s another good example — they’ve really been focused on
having a progressive plan and creating a livable downtown. Those are
the things that attract talent.

22. How Can we Help?
• Attract and Retain Talented Workers (or any workers)
• Choose Idaho campaign
• Local Policy that encourages workers to stay and attracts new ones (i.e. what
does your target audience want in a community?)
• Create Talent Pipelines within the community
• Amenities Matter to Migration
• What does a new generation look for?
• Infrastructure is important
• Physical Infrastructure
• Roads, Railways, Air Service
• Virtual Infrastructure
• Broadband

23. Ryan Armbruster – Elam & Burke
• I think a complete look-see at what [other] local communities … do is
going to be tough because if you look at some of the other legislative
provisions that have come into play over the last five to six years, it’s
all gone the other way. The legislature has come down and said [local
communities] can’t regulate Uber, they can’t regulate firearms, and
it’s just restricting what you at the local level, [you] who are voting for
your councilmen or your county commissioners, can do because the
state has preempted so many of the important parts that make
communities local.

24. Thank You!
• Ethan Mansfield
• ethan.mansfield@labor.Idaho.gov
• Sources: Economic Modeling Specialists International; US Census
Bureau, County Quickfacts and Quarterly Workforce Indicators; Idaho
Department of Labor, Population Projections.