ECONOMIC DEVELOPMENT WORKING GROUP UPDATE

Presented by

Craig Williams, EDWG co-chair

4 June 2013

Excerpts from Phase I - Draft Job Loss Aversion

• Any attempt to plan for mitigating the effects of an anticipated economic event begins with an accurate and realistic understanding of the area’s existing workforce and economic environment.

• • STUDY AREA DEFINITION• • The area specified for this study consists of the Kentucky counties of Madison and

Rockcastle, known as the Richmond-Berea, KY micropolitan statistical area. Madison County is the home of the principal cities of the micro area, Richmond and Berea, as well as Boonesboro, Kirksville and Waco. In addition to its county seat of Mount Vernon, Rockcastle County includes the cities of Brodhead and Livingston.

Data Will Include

16.7%

30.8%

20.6%

7.3%

13.7%

10.8%

Fig. 6: Educational Attainment Study Area

<High School

High School/GED

Some College

Associate's Degree

Bachelor's Degree

Graduate/Professional Degree

Source: US Census ACS 2009-2011

<18 Yrs

18-24 Yrs

25-44 Yrs

45-64 Yrs

65+ Yrs

21.6%

15.5%

26.1%

24.8%

11.9%

Fig. 5: Age StructureStudy Area

Source: US Census ACS 2009-2011

CEDS - COMMON EDUCATION DATA STANDARDS

LONGITUDINAL EMPLOYER– HOUSEHOLD DYNAMICS (LEHD) DATA ARE THE RESULT OF A PARTNERSHIP BETWEEN THE CENSUS BUREAU AND U.S. STATES TO PROVIDE HIGH QUALITY LOCAL LABOR MARKET INFORMATION AND TO IMPROVE THE CENSUS BUREAU'S ECONOMIC AND DEMOGRAPHIC DATA PROGRAMS.

ASSOCIATED ACTIVITIES

• Multiple Meetings with Study Participants

- EDWG Co-Chairs- BGADD/BGWIB

- Commerce Lexington- BGCAPP Tours with BGADD/WIB

- SWOT Analysis with EKU Facilitation Team

* Scheduled Attendance at the Association of Defense Communities Nation Summit 11-14 June, Washington D.C.

EDWG = Economic Development Working GroupBGADD = Blue Grass Area Development District

BGWIB = Blue Grass Workforce Investment BoardBGCAPP = Blue Grass Chemical Agent Pilot Plant

SWOT = Strengths/Weaknesses/Opportunities/Threats

The Economic Development Working Group will meet later in June to review and input to the final draft one it

becomes available.

***********

Final Phase I Report Due on or about 1 July

Discussion/Questions