Crafting a Local Economic Development Strategy CPTC Conference, Worcester, MA March 17, 2018
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1 Crafting a Local Economic Strategy 2018 CPTC Conference, Worcester, MA March 17, 2018
2 Today s Agenda Economic defined Economic Drivers From the Trenches: 2 Case Studies Takeaways Tools Questions
3 Economic defined noun - the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved
4 Economic Drivers Real Estate Municipal Role Workforce Engagement Economic Business Land and Zoning Comprehensive Planning Infrastructure/ Open Space
5 Real Estate Municipal Role Real Estate Workforce Location, Location, Location Right amount of space, right type of space Connectivity Regional Access Proximity to: Target Market Workforce Engagement Does the real estate match the brand of the company? Land and Zoning Economic Infrastructure/ Open Space Comprehensive Planning Business
6 Workforce Municipal Role Real Estate Workforce Workforce is often a company s main driver in making location decisions. Employers often ask: Does the city or region have large enough of a workforce to fill my vacancies? Engagement Land and Zoning Economic Infrastructure/ Open Space Comprehensive Planning Business Do they possess the skills I require? It is less about the money and more about the skills.
7 Business Municipal Role Real Estate Workforce What is your story? Engagement Economic Business Who are you telling to? How are you telling it? Land and Zoning Infrastructure/ Open Space Comprehensive Planning Building of social capital Creating and maintaining relationships Taking your show on the road
8 Comprehensive Planning Municipal Role Real Estate Workforce Project-specific plans Engagement Economic Business Local Master Plans Regional Plans CEDS Land and Zoning Infrastructure/ Open Space Comprehensive Planning Incorporate other plans Process is important Living process Plans are of little importance, but planning is essential. Winston Churchill
9 Infrastructure Municipal Role Real Estate Workforce Rotten roads = bum economy Engagement Economic Business Proximity to other modes Broadband Land and Zoning Infrastructure/ Open Space Comprehensive Planning Water and wastewater Utilities solar, wind, smart grid Green infrastructure Open spaces Important: Resilience is key!
10 Land Use and Zoning Municipal Role Real Estate Workforce Examine local zoning procedures and their legal basis Engagement Economic Business Does your Comp Plan match Zoning? Land and Zoning Infrastructure/ Open Space Comprehensive Planning How does zoning/permitting affect site selection and development? How do downtown and suburban growth interact and impact overall community development?
11 Municipal Role Municipal Role Real Estate Workforce Develop a clear and well communicated vision Be predictable Engagement Be willing to help companies navigate permitting process Coordinate with boards and commissions Be protective of your community yet willing to accommodate when needed Land and Zoning Economic Infrastructure/ Open Space Comprehensive Planning Business
12 Engagement Municipal Role Real Estate Workforce Drivers define stakeholders Diversify the experience: in-person, social media, websites, piggyback on events Equity at all stages Engagement = long-term commitment Engagement Land and Zoning Economic Infrastructure/ Open Space Comprehensive Planning Business
13 From the Trenches: MERRIMACK VALLEY COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY
14 2018 Merrimack Valley CEDS Plan Comprehensive Economic Strategy An economic roadmap to diversify and strengthen regional economies Developed by a Planning Organization 5-year timeframe Includes Goals, Objectives and Actions Managed by CEDS Committee
15 2018 Merrimack Valley CEDS Plan Roadmap Invite and Engage Analyze and Evaluate Catalyze and Shape Activate and Implement Identify stakeholders Data/Info Collection and analysis Develop Goals/Strategies Launch final document Create 4 CEDS Working Groups SOAR Host Listening Sessions/Public Comment REDS Forum in September
16 Invite and Engage: CEDS Working Groups Manufacturing Natural/Cultural Resources City & Town Centers Transportation
17 Invite and Engage: Stakeholders Local manufacturers Workforce Investment Board History Center Open space organization Local farms Music & arts organization Engineers Developers MassDOT Amtrak Higher Ed and Technical Schools Transit Authority Transportation Management Agency Community foundation Department of Public Works Town/City Planners Local businesses Cultural organizations Chambers of Commerce Maker Spaces
18 Analyze and Evaluate Collect Data Local/regional projects Analyze current zoning in region Understand industry clusters Utilize other plans parking, land use studies, comp plans, state Conduct SOAR: Strengths, Opportunities, Aspirations, Risks
19 Catalyze and Shape Working Groups develop goals, objectives, strategies Draft document compiled Listening sessions in late Spring
20 Activate and Implement Final approval by CEDS Committee & MVPC Commission Distribute widely Hold Regional Economic Summit in Fall 2018 Priorities developed from CEDS every year Bi-Annual progress reports
21 From the Trenches: LAWRENCE MANCHESTER RAIL CORRIDOR
22 PlanLMRC Putting in action a community vision Building partnerships and securing resources Setting the stage for future development Open space planning meets economic development
23 Existing Conditions Abandoned rail bed that once transported people and goods 1.4 Mile stretch of land in the heart of the city Source of illegal activity and illegal dumping 14 total acres of undeveloped and forgotten land
24 A Community Need Establish a process for residents to engage Include the community in the visioning process Be conscious of ongoing and frequently reported issues Generational problems can sometimes stop being generational problems
25 How Can We Be Agents of Change? Define the problem Realize big problems do not have easy solutions. Progress takes time Build consensus Leadership matters Build strong multi agency partnerships
26 Where are we now? Comprehensive plan complete Funding secured for design and construction documents Approval of project by MassDOT Construction funding is in the process of being secured
27 The Impact Public investment helps set the stage for private investment Revival of forgotten places changes the attitude of communities An improved built environment instills confidence in the market
28 Takeaways Know your audience Engage stakeholders Build off of existing efforts Evaluate, measure and report progress Planning is ongoing, not one-time process Roll with the punches Shout your wins from the hilltops! Stay with it
29 Tools Economic Administration (EDA) National Association of Organizations (NADO) Massachusetts Economic Council (MEDC) Northeast Economic Association (NEDA) Massachusetts Office of Business (MOBD) Mass Regional Economic Models, Inc. (REMI) American FactFinder Bureau of Labor Statistics Executive Office of Labor and Workforce Regional Workforce Investment Boards
30 Abel Vargas, Business and Economic Director, City of Lawrence: Angela Cleveland, AICP, Senior Economic Planner, MVPC:
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