Transcript Adams County Economic Dev. 2000 Business Plan

Workforce Development IS
Economic Development
WorkforceConnect
June 20, 2007
Today’s Agenda
 Who Are We?
 What is Economic Development? (ED 101)
 Why Does it Matter?
 How Do We Reach Our Goals?
 What’s Happening in Adams County?
 How Can You Help?
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Who We Are?
A Public-Private Partnership
 501(c)6 private, nonprofit organization, founded in 1982
 Currently 125 members
 10 Public Sector members
 115 Businesses
 “The Mission of Adams County Economic Development is to
create primary jobs and a healthy tax base by assisting
businesses to invest in Adams County”
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Who Are We?
Executive Committee Platform
2007 Goals and Objectives:
 Retention: Aggressively institutionalize RETENTION as a
primary function of ACED
 Funding: Continue the private sector membership drive,
with specific focus on PRIMARY EMPLOYERS
 Public Policy: Selectively use public policy to advance key
issues on behalf of primary employers
 Workforce Development: Support all education initiatives
that will improve K-12 graduation rates in Adams County
 Public Relations: Increase visibility and awareness of
ACED’s activities and successes
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What is Economic Development?
 A “primary” job is a job that exports goods and/or services
and, therefore, imports money. This creates “new, outside”
dollars for the community and increases overall wealth.
 Primary (basic) employers import wealth by exporting goods
and services
 Colorado Ghost Towns - A Real Example
RESULTS = New Money!!
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What is Economic Development?
The Purpose of Economic Development:
“To Influence Economic Change”
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Wealth generation
Economic diversification
Income preservation & growth
Building the tax base
Continually improving job opportunities and
supporting higher pay scales
Why Does It Matter?
Growth Is Inevitable
 More than 50% of growth is the result of our own
offspring
 No matter how you feel about growth, the U.S. is
constantly growing and more people are coming
to Colorado
 Adams County will lead the pace for growth in
Colorado over the next 2 decades
 We need to do it right
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Why Does It Matter?
Why Do Companies Locate?
 Proximity to markets
 Labor skills/
availability
 Strong and stable
political leadership
 60 minutes to airport
 Tax and regulatory
 Close to major
 Cost of doing business
universities
 Incentives
 Quality of K-12
 Quality of life issues
 New or planned
infrastructure
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schools
How Do We Reach Our Goals?
Business Development
 Business Retention (70% plus of all new jobs)
 Business Attraction
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Prospect development
Expansion & relocation assistance
Resource matching/intervention
First class real estate database
Incentive packages
 Enterprise Zone administration and
tax abatement credits
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How Do We Reach Our Goals?
Opportunities to Get Involved
 Adams County Education Consortium
 Business Retention Taskforce
 Manufacturing Taskforce
 Logistics Taskforce
 Investor Relations Taskforce
 Public Policy Taskforce
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How Do We Reach Our Goals?
Workforce Development
Adams County Education Consortium (ACEC)
 Initiated by FRCC & K-12
 Merged with ACED’s Workforce Taskforce
 The only county-wide education initiative
 Students, administration, instructors, families,
and the business community
 Career pipelines
 Career exploration
 Professional development
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How Do We Reach Our Goals?
ACEC-The Plan
 Objective 1: Increase the overall successful completion
rate for both secondary and post-secondary Adams
County students, and better prepare them for local
professions
 By incorporating business needs and requirements into the
curriculum
 By incorporating relevance into the curriculum
 Objective 2: Incorporate the family into the student
learning solution
 Objective 3: Improve the support for teachers,
guidance counselors and administrators as career
mentors.
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What’s Happening in Adams County?
Adams County Overview
 DRCOG: Adams County is the “fourth major
economic area within the Denver region”
 Projected 105,000 new home starts by 2030
 Population growth 410,341 to 674,860
 Economic Drivers
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Fitzsimons ($4.3 billion)
DIA ($4 + billion)
E-470 ($1.2 billion)
FasTracks ($4 + billion)
 Median Age of 31.4 vs. 33.8 Denver and 34.9 State
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What’s Happening in Adams County?
Metro Area Industry Clusters
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Beverage Production
Energy
Broadcasting/Telecommunications
Computer Storage and Peripherals
Aerospace
Software
Finance
Aviation
Life Sciences
What’s Happening in Adams County?
County Industry Base
 According to CO Dept. of Labor, QCEW data from 2005, our largest
employment sectors are:
 Government
13.7%
 Construction
12.1%
 Retail
10.6%
 Manufacturing
9.4%
 Transportation/Warehouse
9.2%
 Wholesale
9.2%
 According to the 2007 Economic Modeling Systems Inc. Study, the high
employment and income concentrations (and growth areas) are:
 Construction
 Health Care
 Manufacturing (Metal Fabrication)
 Trucking and warehousing
 Wholesale Trade
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What’s Happening in Adams County?
Adams County Box Score
Category
YTD 2006
YTD 2007
+/-
Jobs Created
1,380
2,703
+ 96%
Jobs Retained
738
95
- 87%
$270M
$690M
+ 156%
133
140
+.05 %
Capital
Investment
Prospects/Leads
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What’s Happening in Adams County?
Adams County Announcements
Aviation Technology Group – 300+ jobs
Colorado Rapids Soccer – 1500+ jobs
Corporate Express – 550 jobs
Denver Newspaper Agency – 600+ jobs & $125 mil
FedEx Freight – 614 jobs
Fitzsimons Redevelopment ($4.3 billion & 66,000 jobs)
Furniture Row – 100 jobs
GM Redistribution – 112 jobs
Lynx Aviation (Frontier Airlines) – Corporate HQ (2,900
jobs)
 Staples Distribution Facility – 100 jobs
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ACED and ACEC
THANK YOU
For Participating in ACEC’s
Second Annual
WorkforceConnect!
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