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2020 CEDS
Leveraging Strengths in the
MRCOG Region
Process and Product
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.
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.
EDA Projects
 WESST
 SS&TP
 Keshet Ideas and
Innovation Community
 Partnership for
Community Action/SW
Creations Collaborative
 Innovate ABQ
Process
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
Data Gathering: Survey
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.
“The future belongs to
those who prepare for it.”Ralph Waldo Emerson
Public Meetings: Encouraged Big
Thinking
Courtesy of Dale Dekker
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
65% of workers in 2035 will have jobs
that don’t exist today
Courtesy of Dale Dekker
IoT…Internet of Things Courtesy of Dale Dekker
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
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
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
Unemployment
The seasonally adjusted unemployment rate for the Albuquerque, NM
MSA was 4.6% as of July 2019
GDP & Productivity
In 2018, Total - All Industries produced $44 billion in GDP for the Abq MSA
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.
Industry Snapshot
Public Meetings:
Deep Dive Tables
Product
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
2020 Focus Areas: Urban & Rural
2020 Focus Areas: Rural
Questions?

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Empowering Regions through the CEDS Process (Ann Simon)

  • 1. 2020 CEDS Leveraging Strengths in the MRCOG Region Process and Product
  • 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. 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. EDA Projects  WESST  SS&TP  Keshet Ideas and Innovation Community  Partnership for Community Action/SW Creations Collaborative  Innovate ABQ
  • 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
  • 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. “The future belongs to those who prepare for it.”Ralph Waldo Emerson Public Meetings: Encouraged Big Thinking Courtesy of Dale Dekker
  • 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. 65% of workers in 2035 will have jobs that don’t exist today Courtesy of Dale Dekker
  • 12. IoT…Internet of Things Courtesy of Dale Dekker
  • 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. 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. 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. Unemployment The seasonally adjusted unemployment rate for the Albuquerque, NM MSA was 4.6% as of July 2019
  • 17. GDP & Productivity In 2018, Total - All Industries produced $44 billion in GDP for the Abq MSA
  • 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.
  • 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. 2020 Focus Areas: Urban & Rural
  • 25.

Editor's Notes

  1. According to the Economic Innovation Group: Counties with fewer than 100,000 people lost more than 17,000 businesses and counties with more than a million added. In fact, by 2017, metro areas had nearly 10% more jobs than they did at the start of the recession.
  2. 5G allowing tactile internet with fiber like speeds
  3. Internet-of-Things allows interrelated computing devices to be connected….via the internet… data stored in the cloud…