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Empowering Regions through the CEDS Process (Ann Simon)

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Presentation delivered at the 2019 SWREDA Conference, December 4-6, 2019

Published in: Government & Nonprofit
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Empowering Regions through the CEDS Process (Ann Simon)

  1. 1. 2020 CEDS Leveraging Strengths in the MRCOG Region Process and Product
  2. 2. What is the CEDS?  The CEDS is a locally-based, regionally-driven economic development plan.  MRCOG is required to prepare and adopt a Comprehensive Economic Developmen Strategy for the region at least every five years.
  3. 3. Why Do a CEDS?  The CEDS creates an opportunity to engage community leaders, involve and leverage the private sector, and establish a blueprint for collaborative economic growth in the region.  The process builds leadership, enhances cooperation, and fosters public ownership and enthusiasm.
  4. 4. EDA Projects  WESST  SS&TP  Keshet Ideas and Innovation Community  Partnership for Community Action/SW Creations Collaborative  Innovate ABQ
  5. 5. Process
  6. 6. Public Input Process  Delivered 10-Question Survey of Economic Development Stakeholders  Developed an Advisory Committee of the MRCOG Board  Held two widely-attended public meetings  Gathered information from Subject Matter Experts for review  Vetted results with Advisory Committee
  7. 7. Data Gathering: Survey
  8. 8. Advisory Cmt: Urban v. Rural  Economic conditions of rural places are very different than urban America.  In the years after the recession rural counties across the country lost and urban counties gained—jobs, people, and wealth.  Technology innovations tend to occur when ideas and talent are concentrated—usually in large urban settings.  Need tools specific to Rural Communities: Opportunity Zones, capital access, tax credits, specific economic focus areas.
  9. 9. “The future belongs to those who prepare for it.”Ralph Waldo Emerson Public Meetings: Encouraged Big Thinking Courtesy of Dale Dekker
  10. 10. New Technology Triggers  Robotics and Artificial Intelligence  Industrial Revolution 4.0—3-D Printing and others  EV-Electronic Vehicles, Autonomous Vehicles, etc.  5G Courtesy of Dale Dekker
  11. 11. 65% of workers in 2035 will have jobs that don’t exist today Courtesy of Dale Dekker
  12. 12. IoT…Internet of Things Courtesy of Dale Dekker
  13. 13. 2017 An iPhone 7 has more processing power than the entire NASA organization had in 1969.* * By 2020 the world’s 7.6 Billion people will use 11.6 billion mobile devices Courtesy of Dale Dekker
  14. 14. Public Meetings: Data delivery Health Care & Social Assistance, 68,025 Accom. & Food Services, 41,609 Public Administration, 24,320 Utilities, 1,394 Finance & Insurance, 12,372 Mining, 272 Ag, Forestry & Fishing, 598 Mgmt. of Companies, 3,624Other Services, 9,901 Prof. & Tech. Services, 30,849 Real Estate & Leasing, 5,318 Arts, Enter., Rec., 7,864 Educational Services, 30,759Information, 7,720 Wholesale Trade, 11,495 Transp. & Warehousing, 11,240 Retail Trade , 41,739 Admin & Waste Services, 25,723 Construction, 23,500 Manufacturing, 15,551
  15. 15. Recent Employment Growth 335,000 340,000 345,000 350,000 355,000 360,000 365,000 370,000 375,000 380,000 385,000 Employment (1q) -10000 -5000 0 5000 10000 15000 20000 Manufacturing Construction Admin & Waste Services Retail Trade Transp. & Warehousing Wholesale Trade Information Educational Services Arts, Enter., Rec. Real Estate & Leasing Prof. & Tech. Services Finance & Insurance Utilities Public Administration Accom. & Food Services Health Care & Social Assistance Source: NM Department of Workforce Solutions, US Census QCEW Growth Industries, 2007 - 2017
  16. 16. Unemployment The seasonally adjusted unemployment rate for the Albuquerque, NM MSA was 4.6% as of July 2019
  17. 17. GDP & Productivity In 2018, Total - All Industries produced $44 billion in GDP for the Abq MSA
  18. 18. Wages The average worker in the Albuquerque, NM MSA earned annual wages of $46,175 as of 2019Q2. Average annual wages per worker increased 3.4% in the region over the preceding four quarters.
  19. 19. Industry Snapshot
  20. 20. Public Meetings: Deep Dive Tables
  21. 21. Product
  22. 22. What’s New in the 2020 CEDS?  Recognition that Urban and Rural Communities have different needs  Leveraging our strengths in new ways—for example  Using our abundant open space and federal R&D to see new economic opportunities in testing autonomous vehicles, or systems;  Taking the rise of food manufacturing to new levels by pairing with supply chains and our transportation infrastructure.  Outlining core focus areas
  23. 23. 2020 Focus Areas: Urban & Rural
  24. 24. 2020 Focus Areas: Rural
  25. 25. Questions?

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