Transcript Economic Development Overview _ John Kaliski

Southeast Florida Regional Vision &
Blueprint for Economic Prosperity
Economic Development Briefing
John Kaliski
Cambridge Systematics, Inc.
February 15, 2012
Presentation Outline
Current realities
Global trends
Opportunities and
challenges for
Southeast Florida
How do we get started?
Source: Florida Trend.
1
Employment Growth Has Resumed
Year-Over-Year Percent Change
8%
6%
4%
2%
0%
2002
2003
2004
2005
2006
2007
2008
2009
-2%
-4%
-6%
-8%
SOUTHEAST FLORIDA
Florida
Source: U.S. Bureau of Labor Statistics, “Quarterly Census of Employment and Wages.”
2
United States
2010
2011
Recent Growth Led by Services
Annual Change in Jobs, 2010-2011 (Thousands)
Leisure and Hospitality
Healthcare and Education
Professional Services
Retail
Logistics and Distribution
Finance
Information
Manufacturing
Government
Construction
-6
Source: U.S. Bureau of Labor Statistics.
3
-4
-2
0
2
4
6
8
10
12
Unemployment Is Easing Downward
14%
12%
10%
8%
6%
4%
2%
0%
2000
2001
2002
2003
2004
2005
SOUTHEAST FLORIDA
2006
Florida
Source: U.S. Bureau of Labor Statistics, “Local Area Unemployment Statistics.”
4
2007
2008
United States
2009
2010
2011
Foreclosures Remain High
30,000
70,000
60,000
25,000
50,000
20,000
40,000
15,000
30,000
10,000
20,000
5,000
10,000
0
0
SOUTHEAST FLORIDA - Left Scale
Source: Florida Department of Economic Opportunity, compiled from RealtyTrac, Inc.
Total housing units receiving a filing notice, per month.
5
Florida - Right Scale
Wages Remain Below U.S. Average
Index, U.S.=1.0
1.05
1.00
0.95
0.90
0.85
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
SOUTHEAST FLORIDA
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
6
Florida
United States = 1.00
Per Capita Income Has Lost Ground
Index, U.S.=1.0
1.15
1.10
1.05
1.00
0.95
0.90
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
SOUTHEAST FLORIDA
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
7
Florida
United States = 1.00
Poverty Is Rising
Share of Population Living in Poverty
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
2000
2001
2002
2003
2004
SOUTHEAST FLORIDA
2005
Florida
Source: U.S. Census Bureau Small Area Income and Poverty Estimates (SAIPE).
8
2006
2007
United States
2008
2009
2010
The Florida We’ve Known Is Over
9
A New Economy: Global Markets
Source: European Communities, 2008
10
A New Economy: Global Competition
Global Population Centers
Source: WhosYourCity.com.
11
Global Economic Centers
A New Economy: Regions, Megaregions
Source: America 2050.
12
12
12
How Do We Compete?
Florida then…
Florida now…
• Low-cost labor
• World-class talent
• Production
• Innovation
• Location
and land
• Global
connections
• Low cost of living
• Quality places
• Natural
resources
• Sustainable
environment
• Individual
communities
• Integrated
regions
13
13
Changing Industry Mix
Innovation
& Technology
Tourism
Construction
Agriculture
Business &
Personal
Travel
Global Trade
&
Logistics
Community
Development
Agriculture
Past
Future?
14
Financial and
Professional
Services
Opportunity: Global Trade
Value of Exports and Imports (In Billions)
$120
$100
$80
$60
$40
$20
$0
2000
2001
2002
2003
2004
2005
Exports
2006
2007
2008
2009
2010
Imports
Source: WISERTrade based on U.S. Census Bureau foreign trade data; Value of trade through the Miami Customs District.
15
2011
Opportunity: Tourism & Travel
Annual Overseas Visitors to Miami (In Millions)
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
2000
2001
2002
2003
2004
2005
Source: U.S. Department of Commerce, International Trade Administration.
16
2006
2007
2008
2009
2010
Global Connectivity Is Critical
17
Opportunity: Innovation
18
Challenge: Talent Supply
10…
6…
…students in a
9th grade class
…graduate from
high school
2002
2005
Source: Florida Board of Education 2011.
19
3…
2…
…continue to college …earn college credit
within two years
within two years
2007
2009
Challenge: Workforce Skills
Educational Attainment 2006-2010
Population over 25...
…with less than a
High School degree
…with HS, Associate’s degree,
or some college
17%
…with a Bachelor’s degree,
or higher
55%
28%
Southeast Florida Region
15%
59%
26%
Florida
15%
57%
United States
Source: U.S. Census Bureau, American Community Survey 2006-2010 five-year estimates.
20
28%
Opportunity: Community of Choice
2009
2000
1990
1980
1970
1960
21
Challenge: Mobility
Source: Florida Department of Transportation.
22
How Do We Get Started?
Align state, regional, and local plans around a common
framework
Create 5 year action plan pointing toward a 50-year vision
Integrate with other regions to build Florida’s megaregion
Measure and report progress
23
25
Six Pillars Communities
26
Florida’s New Statewide Economic
Development Structure
27
Alignment of State, Regional, Local Plans
Statewide Strategic Plan for
Economic Development
» Coordinated with 2030 Six Pillars
Plan and 2060 Statewide Vision
Regional Comprehensive Economic
Development Strategy
» Joint effort of
South Florida and
Treasure Coast RPCs
» Input into Regional Vision
and Blueprint for Economic
Prosperity
28