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Eg2008 Noreen Moore Economic Gardening


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2008 Economic Gardening Gathering in Steamboat: Noreen Moore Economic Gardening

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Eg2008 Noreen Moore Economic Gardening

  1. 1. Challenges to Economic Diversity in a Rural Resort Economy <ul><ul><li>6 th Annual Economic Gardening Conference, Steamboat Springs,CO </li></ul></ul><ul><ul><li>June 13, 2008 </li></ul></ul><ul><ul><li>Noreen Moore </li></ul></ul>
  2. 2. In the beginning ….. <ul><li>There was just one commodity at a time…. And we figured how to manage that </li></ul>
  3. 3. One at a time…..and each maintaining its place <ul><li>Agriculture </li></ul><ul><li>Mining </li></ul><ul><li>Tourism </li></ul>
  4. 4. Who are the new players <ul><li>Lifestyle Economy </li></ul><ul><ul><ul><li>Routt County </li></ul></ul></ul><ul><ul><ul><ul><li>Location Neutral </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Retirees </li></ul></ul></ul></ul><ul><li>Extractive Economy </li></ul><ul><ul><ul><li>Moffat and Rio Blanco Counties </li></ul></ul></ul><ul><li>Both generate new but not equal jobs and both need some of the same workers </li></ul>
  5. 5. We are looking Pretty Good , Right? But what else is going on? <ul><li>The macro trends of </li></ul><ul><ul><ul><li>Workforce </li></ul></ul></ul><ul><ul><ul><ul><ul><li>Reduction </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Expectations </li></ul></ul></ul></ul></ul><ul><ul><ul><li>Technology </li></ul></ul></ul><ul><ul><ul><li>Gas prices </li></ul></ul></ul><ul><ul><ul><li>Sustainability </li></ul></ul></ul>
  6. 6. What You Don’t Know You Don’t Know U.S. Labor Force - Demand and Supply in Millions Source: Employment Policy Foundation and BLS data Graph – Courtesy of Mark Lautman, CEDC, Director of Economic Development, Mesa del Sol
  7. 7. Where will we find our workers and entrepreneurs? <ul><li>And more importantly – where will we house them? The average home price is above $600,000 and the jobs that are being generated have an average salary of $40,000. </li></ul><ul><li>The down valley syndrome </li></ul>
  8. 8. Some of our possible next steps <ul><li>Housing Demand Study </li></ul><ul><li>Routt County Livability Index </li></ul><ul><li>Location Neutral Business Networking </li></ul><ul><li>Regional Economic Plan </li></ul><ul><li>Cultural Heritage Tourism </li></ul><ul><li>New Energy Economy </li></ul><ul><li>Workforce Attraction Program </li></ul>