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Community Mobility Institute New Directions in Economic Development

Community Mobility Institute New Directions in Economic Development

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Community Mobility Institute New Directions in Economic Development

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Presentation Transcript

  1. Community Mobility Institute New Directions in Economic Development Clark Anderson, Sonoran Institute May 11, 2015

  2. where are we headed?

  3. How do we build resilient economies? How we work is changing

  4. Economic Shifts

  5. How do we Attract and Retain Talent?

  6. New Directions in Economic Development

  7. Place Value

  8. Survey Respondents 476 Businesses 494 Community Members

  9. jobs follow people

  10. jobs follow people

  11. People are drawn to great places

  12. Cost of housing is important • 68 % of community members: community lacks sufficient housing choices • 60% of employers: cost of housing impacts ability to attract employees

  13. People on the move are seeking great places

  14. Expanding firms care about being able to attract and retain talent

  15. people will sacrifice salary for ideal community (17% higher salary vs. 83% ideal community)

  16. what makes a place great?

  17. the shifting market

  18. the shifting market

  19. the shifting market

  20. the shifting market

  21. Location, location, location

  22. Character and Sense of Place

  23. Character and Sense of Place RESET STUDY: 89% prioritize neighborhood character over home size PLACE VALUE: Neighborhood character a priority in decision to locate or remain in a community

  24. walkablity 90% said living walking distance to community destinations was important to housing decision

  25. Convenience & access to amenities

  26. Convenience & access to amenities

  27. Access to Open Space & Recreation

  28. Access to Open Space & Recreation

  29. Transportation Choices Factors important to housing decision: Short Commute 89% (68% VERY) Walk to destinations 90% Live near transit 57%

  30. The Downtown Premium

  31. How does transportation create Place Value?

  32. Are these places attracting talent?

  33. Are they attracting investment?