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Exploring Your Region’s Economic & Demographic Foundation

Exploring Your Region’s Economic & Demographic Foundation. Module Two. Session Overview. Examine the current economic development strategies being pursued within the region’s communities or counties Explore the region’s demographic and workforce features

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Exploring Your Region’s Economic & Demographic Foundation

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  1. Exploring Your Region’s Economic & Demographic Foundation Module Two

  2. Session Overview • Examine the current economic development strategies being pursued within the region’s communities or counties • Explore the region’s demographic and workforce features • Deliverable: Assessment of the region’s strengths and concerns • HQP: Prepare a summary of key findings

  3. Producing a High Quality Plan: The Essential Components • Evidence-Based • Practical Team’s Regional Plan Aligned with Vision & Goals • Broadly Supported • Focused on Regional Economic Development

  4. Defining Economic Development:Proceed with C.A.R.E.

  5. Elements of Economic Development GOAL: An improved quality of life for people in the region Source: Barta, et al., 2010

  6. The C.A.R.E. Model

  7. Group Activity • Categorize activities using the C.A.R.E. model • Identify common activities, major differences • Examine the balance between activities in each component of the C.A.R.E. model

  8. EXPLORING THE DEMOGRAPHIC FEATURES OF YOUR REGION

  9. Major Demographic Characteristics For more data, go to: http://quickfacts.census.gov/qfd/index.html

  10. Data Analysis Options • Cross-sectional – look at data at one point in time • Comparative – examine data in your county relative to other counties • Longitudinal– focus on changes in the data over time

  11. What to Look for • Conditions the data describe • Direction of change • Intensity of change • Comparison of counties in the region • Overall picture the data paint

  12. Your Turn – Dig In!

  13. Your Region’s Workforce • Skilled/unskilled • Labor force participation rate • Unemployment rate • Occupation mix • Experience/age

  14. Identifying Skills in the Region INSERT YOUR REGION’S CHART LIKE THIS EXAMPLE HERE /

  15. Evidence Based: What Matters Most for the Regional Plan • Concerns • Assets • Significant trends • Other

  16. Looking Ahead: Module Three • Investigate the region’s economic advantage • Explore regional data to identify regional industrial clusters • Deliverable: Select industry clusters for further exploration • HQP: Draft a rationale for industries selected

  17. Preparing for Module Three

  18. Final Thoughts • Anything need clarification? • SET contact persons: • Extension Service: • State USDA RD:

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