Advisory Committee Meeting September 10, 2015

Transcription

1 Advisory Committee Meeting September 10, 2015

2 Project Updates RPI RPI Plan and outlook for 2016 Regional Sustainability Plan Regional Recreation Plan Housing Study - TMA Broadband Surveys CTE Marketing Transit Plan Health Care

3 RPI 10 Year Plan Strategy Brainstorm

4 Barriers to Economic Development High cost of energy Limited broadband High per capita cost of infrastructure Shrinking tax base Inefficient logistics Could be addressed by growing the population of the region Need to keep this in mind when developing strategies

5 For example The cost of building new electric infrastructure for individual people and businesses is spread across a small population. If the cost of a new power plant is $300 million, this cost for U.P. residents would be about $1,000 each. If the population was 3 million people, the per capita cost would be $100.

6 12,000,000 Population Change Since ,000,000 8,000,000 6,000,000 4,000,000 2,000, U.P. Michigan

7 100% Percent of Michigan Population Residing in the U.P. 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Upper Peninsula State of MI

8 Population Trends

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10 Outmigration who is leaving?

11 18 Percent of Population by Age, UP UP1 USA Under

12 Number of people Millennials People born between 1980 and Million in the US, the biggest generation in US history Age

13 35.0 Percent of Population with Bachelors or Above U.P. MI USA

14 What draws young professionals? Millennials want to live where they can get around without a car If they own a car, 50% say they would consider giving it up More interested in living in cities Expect WiFi or 4G wherever they go Attracted to markets with good job prospects and low unemployment College grads are moving to and staying in places with culture and larger concentrations of artists and higher levels of diversity and tolerance Willing to pay more for a higher quality of life and amenities

15 Percent of reporting life goals as being quite or extremely important.

16 What do areas with a low-skilled workforce have in common? Smaller places with lower wages Less robust economies Less high tech industries Fewer cultural amenities Less tolerance

17 Why is attracting people to the region important? Talent development and attraction is a significant driver of economic growth Clear correlation between educational attainment of a workforce and median wages and quality of life Young talent is a predictor of future economic prosperity Increases local demand for goods and services, helps business grow and create jobs, contributes to overall economic health

18 Drivers of population growth Natural rate of increase Migration/ Immigration

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21 Strategies for Population Growth

22 Conceptual Model

23 Strategies for Population Growth Student Integration Building stronger connections between college students and college towns Strong professional networks, affordable housing University/ city partnerships Campus Philly Creating a brand Marketing the region Attract and retain foreign students Quality of life and cost of living

24 Strategies for Population Growth Becoming more welcoming to outsiders Placemaking Investing in downtowns, cultural centers Paying people to live here Niagara Falls, Columbus, Philadelphia Loan forgiveness Live Here programs Quicken Loans, Compuware Help pay for housing costs

25 What are other communities doing to attract population? Detroit Revitalization Fellows Program A competitive 2 year fellowship program that brings talent to city Foundations help provide funding to create more competitive wage Cincinnati Chamber provides HR professionals with marketing materials, use social media to promote city

26 Looking 10 years ahead in our region