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Rex Development: The Importance of Regionalization


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Learn about the importance of regionalization in South Central Connecticut and see our progress toward our goals set in the region's Comprehensive Economic Development Strategy.

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Rex Development: The Importance of Regionalization

  2. 2. What are CEDS and why do we need them? <ul><li>Strategies to coordinate and prioritize regional economic development efforts </li></ul><ul><li>Primary goals </li></ul><ul><ul><li>Create jobs </li></ul></ul><ul><ul><li>Address existing economic challenges </li></ul></ul><ul><ul><li>Capitalize on economic opportunities </li></ul></ul><ul><li>To be eligible for funding opportunities </li></ul><ul><li>2011 CEDS update submitted to EDA in June 2011 </li></ul>
  3. 3. Current CEDS: Regional Marketing & Communications Objectives <ul><ul><li>Regional Marketing – Develop during 2008 and ensure its ongoing implementation </li></ul></ul><ul><ul><li>Economic Team-Building – create program in 2008 and operate on a continuing basis </li></ul></ul>
  4. 4. Regional Marketing <ul><li>Marketing website infrastructure complete, continuing to incorporate enhancements </li></ul><ul><li>Targeted marketing initiative in process </li></ul><ul><li>Implement targeted marketing plan that included rebranding RGP as REX Development, 1 Region, 15 Towns, Unlimited Potential </li></ul>
  5. 5. Education & Team Building Program <ul><li>Coalition built with local chambers </li></ul><ul><li>Joint projects/efforts with local chambers </li></ul><ul><li>Engage/educate town economic development commissions </li></ul><ul><li>REDFO Meetings </li></ul>
  6. 6. Current CEDS: Transportation Objectives <ul><ul><li>Tweed New Haven Airport – Increase enplanements to 100,000 and supply service to 3+ hub cities by 2010 </li></ul></ul><ul><ul><li>Feeder Barge Service – Initiate feeder barge container shipping at Port of New Haven to move cargo by rail </li></ul></ul><ul><ul><li>New Haven – Springfield Commuter Rail –Initiate rail line by 2010 with future connection to Bradley Airport </li></ul></ul><ul><ul><li>Shoreline East/Metro-North – Increase ridership </li></ul></ul><ul><ul><li>Bus Service – Increase ridership </li></ul></ul>
  7. 7. Expand Service at Tweed New Haven Airport <ul><li>Agreement reached between New Haven & East Haven </li></ul><ul><li>Runway safety areas completed </li></ul><ul><li>Taxiway B and obstruction removal underway </li></ul><ul><li>Recruit new airlines, and routes from existing carrier </li></ul><ul><li>Build up business and community support for the airport </li></ul>
  8. 8. Port of New Haven Improvements <ul><li>Draft strategic plan prepared with near-term port improvements submitted for ARRA consideration </li></ul><ul><li>Ongoing meeting with state officials to build political support for New Haven-based feeder barge service </li></ul>
  9. 9. Increase Commuter Rail Service with New Haven-Hartford-Springfield Line <ul><li>Letters sent to Congressional delegation, Governor, state commissioners & Amtrak </li></ul><ul><li>Work with regional organizations along rail line to lobby efforts awarded a planning grant for the New Haven, Hartford and Springfield high speed rail project </li></ul>
  10. 10. Increase Ridership on Shore Line East & Metro North <ul><li>Shore Line East weekend service implemented </li></ul><ul><li>SLE ridership increased by 13-15% </li></ul><ul><li>MNR ridership increased by 4-5% </li></ul><ul><li>ConnDOT taking delivery of new M-8 rail cars </li></ul><ul><li>New MNR trains to State Street Station </li></ul><ul><li>Work with New Haven and ConnDOT to implement second garage and TOD at Union Station planning grant awarded </li></ul>
  11. 11. Increase Effectiveness & Ridership of Bus Service <ul><li>CT Transit ridership in New Haven region increased 5.2% </li></ul><ul><li>Purchase of new buses </li></ul>
  12. 12. Ensure Adequate Funding in Region’s Roadways <ul><li>Q Bridge under construction </li></ul><ul><li>$14 million ARRA funding secured to complete all Urban Program projects </li></ul><ul><li>Ferry Street Bridge completed </li></ul><ul><li>Rt. 1 Amtrak bridge under construction </li></ul><ul><li>Housatonic River Bridge project funded </li></ul>
  13. 13. Current CEDS: Business Development Objectives <ul><ul><li>Regional Business Assistance Program – Develop & maintain business assistance strategy to help existing business grow or remain the region </li></ul></ul><ul><ul><li>Entrepreneurs & Start-Ups – Identify & assist prospective companies & entrepreneurs in emerging business sectors to start & grow new business ventures </li></ul></ul>
  14. 14. Business Assistance Program <ul><li>Marketing assistance seminar sponsored by EDC New Haven </li></ul>
  15. 15. Entrepreneurship & Start-Ups <ul><li>Yale Entrepreneurial Institute expands summer fellowship into year-round incubator </li></ul><ul><li>$16 million in capital raised by YEI companies over past two years </li></ul><ul><li>Technology networking events organized by EDC New Haven </li></ul>
  16. 16. Current CEDS: Workforce & Housing Objectives <ul><ul><li>Incumbent Worker Training – Increase Incumbent Working Training funding to $1,000,000 by 2010 </li></ul></ul><ul><ul><li>Community Colleges – Meet emerging workforce needs by supporting innovative workforce development efforts at Gateway and Middlesex Community Colleges </li></ul></ul>
  17. 17. Current CEDS: Workforce & Housing Objectives <ul><ul><li>Workforce Housing – Improve the amount & diversity of workforce housing by offering design and policy resources to the region’s communities to help them address the region’s critical shortage of housing </li></ul></ul><ul><ul><li>School-to-Work – Build a coalition of public and private sector partners to engage in discussion of critical school-to-work issues </li></ul></ul>
  18. 18. Increase Funding for Incumbent Worker Training <ul><li>IWT funding maintained at 90% despite massive deficit </li></ul>
  19. 19. Support Community College Workforce Initiatives <ul><li>Community College System green jobs training grant ($2 million) - $18,000/yr for 3 yrs each to Gateway and Middlesex </li></ul><ul><li>Connected manufacturers to Middlesex College Advanced Manufacturing program </li></ul>
  20. 20. Improve Workforce Housing <ul><li>Town of Wallingford applied for zoning incentive payment under HomeCT law </li></ul><ul><li>Branford and West Haven approved for HomeCT technical assistance grants </li></ul><ul><li>New Haven applied/under consideration for HomeCT technical assistance grant </li></ul>
  21. 21. School-to-Work <ul><li>New Haven school reform initiative – New Haven Promise </li></ul><ul><li>Include school to work in discussion of city reform initiative </li></ul>
  22. 22. Current CEDS: Land Use Planning, Policies and Regulations <ul><ul><li>Brownfields & Predevelopment Fund </li></ul></ul><ul><ul><li>Transit-Oriented Development & Smart Growth </li></ul></ul>
  23. 23. Brownfields & Predevelopment Fund <ul><li>Approved 3 new assessment projects and 1 remediation project </li></ul><ul><li>Applied for additional funding </li></ul><ul><li>Several projects under review </li></ul>
  24. 24. Transit-Oriented Development & Smart Growth <ul><li>Town of Hamden adopted Smart Code zoning </li></ul><ul><li>Received Sustainable Community Grant </li></ul><ul><li>Received Tiger Grant </li></ul>
  25. 25. Moving Forward <ul><li>All responsible parties review the Action Steps in the CEDS to identify new and existing programs & initiatives that support the CEDS </li></ul><ul><li>REX to develop tasks that support Action Steps & Objectives in conjunction with responsible parties </li></ul><ul><li>Tasks will incorporate outcome measures within specified timeframe </li></ul><ul><li>Build baseline performance measures around goals & objectives </li></ul>
  26. 26. Moving Forward <ul><li>Build baseline performance measures around goals & objectives </li></ul><ul><li>Increase accountability for responsible parties </li></ul>
  27. 27. Funding Requirements <ul><li>Introduce state legislation that would create a direct funding stream to the region </li></ul>