Economic Development in Teton County

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
Teton County, Idaho

2. Outline
• What Does Teton County 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 county’s position in the future?

3. Source: EMSI
8.6
2.9
9.7
3.7
10
5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Unemployment Rates
Butte County, Idaho and United States
2007-2015
Teton Idaho US

4. Jobs and Wages
• Population = 10,546
• Idaho = 1,654,930
• Total Jobs = 3,864
• Idaho = 784,609
• Average Wage per Job = $29,807
• Idaho = $36,781
• 2011-2016 Job Growth = 524
• Idaho = 85,459
• 2011-2015 Percent Job Growth = 16%
• Idaho = 12%

5. Teton County, WY
36%
Teton County, ID
35%
Bonneville County, ID
6%
Ada County, ID
4%
Madison County,
ID
4%
King County, WA
1%
Fremont County, ID
1%
Other
13%
Live in Teton County, Work in:

6. Work in Teton County, Live in:
Teton County, ID
55%
Clark County, ID
5%
Jefferson County, ID
5%
Bonneville County, ID
5%
Lemhi County, ID
5%
Fremont County, ID
4%
Teton County, WY
4%
Other
17%

7. NAICS Description 2016 Jobs
2011 - 2016
Change
2011 - 2016 %
Change
2016 Wages
Expected
Change
Competitive
Effect
2016 Location
Quotient
72 Accommodation and Food Services 510 200 65% $15,396 49 150 1.55
90 Government (incl. Public Ed) 503 (122) (20%) $34,185 2 (123) 0.85
23 Construction 451 (27) (6%) $34,244 72 (100) 2.15
44 Retail Trade 372 63 20% $21,666 24 39 0.92
62 Health Care and Social Assistance 331 207 167% $35,765 18 190 0.68
56
Administrative and Support and
Waste Management and
Remediation Services
295 47 19% $30,826 38 9 1.21
11 Crop and Animal Production 237 28 13% $20,005 7 21 5.06
54
Professional, Scientific, and
Technical Services
229 71 45% $51,144 23 47 0.92
71 Arts, Entertainment, and Recreation 223 102 84% $29,088 16 86 3.42
81
Other Services (except Public
Administration)
160 6 4% $24,532 1 5 0.87
31 Manufacturing 153 1 1% $31,440 8 (8) 0.50
53 Real Estate and Rental and Leasing 99 (40) (29%) $25,716 12 (51) 1.57
42 Wholesale Trade 79 22 39% $34,287 4 19 0.53
48 Transportation and Warehousing 78 13 20% $43,119 9 4 0.60
52 Finance and Insurance 50 (10) (17%) $45,280 2 (13) 0.34
51 Information 43 (14) (25%) $42,777 2 (16) 0.61
61 Private Educational Services 43 (2) (4%) $18,529 4 (6) 0.44
22 Utilities <10 Insf. Data Insf. Data Insf. Data 0 (8) 0.63
21
Mining, Quarrying, and Oil and Gas
Extraction
0 0 0% $0 0 0 0.00
55
Management of Companies and
Enterprises
0 (12) (100%) $0 2 (14) 0.00

10. 3.9
5.6
4.1
0 1 2 3 4 5 6
Teton County
Idaho
UNITED STATES
Percent Population Change
2010-2015

11. 8.8
14.7 14.9
0
2
4
6
8
10
12
14
16
Teton County Idaho UNITED STATES
Percent over 65 years old
2014

12. 35%
19%
15%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Teton County Idaho UNITED STATES
Change in Percent 65 and Older
2010-2014

13. $1,584
$1,212
$1,522
$500
$700
$900
$1,100
$1,300
$1,500
$1,700
Teton County Idaho UNITED STATES
Median Monthly Costs
Housing Units with a Mortgage
2014

14. $852
$738
$920
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Teton County Idaho UNITED STATES
Median Monthly Rent
2014

15. 10%
22%
43%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
0-14 15-64 65+
Projected Growth By Age Group
2015- 2025

16. Teton County:
• 18% of the working
population is above the
age of 55
• 5% 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
5%
4%
6%
22%
26%
20%
13%
5%
3%
5%
6%
21%
22%
21%
16%
5%
14-18 19-21 22-24 25-34 35-44 45-54 55-64 65-99
PERCENTAGEOFWORKFORCEPERAGECOHORT
AGE COHORTS
WORKFORCE POPULATION BY AGE COHORT
Teton, ID Idaho State

17. NAICS Description
2015 - 2025
Change
2015 - 2025
% Change
72 Accommodation and Food Services 235 54%
62 Health Care and Social Assistance 231 75%
71 Arts, Entertainment, and Recreation 85 49%
44 Retail Trade 83 23%
54
Professional, Scientific, and Technical
Services
82 38%
90 Government (incl. Public Ed) 80 16%
56
Administrative and Support and Waste
Management and Remediation Services
71 25%
42 Wholesale Trade 44 60%
31 Manufacturing 30 20%
23 Construction 18 4%
11 Crop and Animal Production 17 7%
53 Real Estate and Rental and Leasing 17 17%
81
Other Services (except Public
Administration)
13 8%
48 Transportation and Warehousing 10 14%
61 Private Educational Services 9 21%
51 Information 1 2%
52 Finance and Insurance 1 2%
21
Mining, Quarrying, and Oil and Gas
Extraction
0 0%
55 Management of Companies and Enterprises 0 0%

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

19. 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

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