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S E VEDS

S E VEDS. 2009 AVERAGE WAGE. Windham 1990. Earned Income % of T otal Income. Windham 2010. Windham 2000. We arrived at a Shared Sense of U rgency.

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S E VEDS

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  1. SEVEDS

  2. 2009 AVERAGE WAGE

  3. Windham 1990 Earned Income % of Total Income Windham 2010 Windham 2000

  4. We arrived at a Shared Sense of Urgency Low wages, a rising cost of living and limited job opportunities create a disconnect between the skills needed by employers and the skills held by the workforce. This leads to a widely shared sense of economic insecurity resulting in many Vermonters looking for economic opportunity elsewhere, and few choosing Vermont as a place to live and conduct business.

  5. Population Forecast • Implications: • By 2015, there could be a workforce shortage of roughly 8,000 +/-. • Increased demand for elders service. • Commuters will fill the gap or work will disappear. • Climate of innovation will be more difficult to build and maintain. • Vicious cycle of declining younger population is difficult to reverse. • This trend can accelerate if not addressed. Source: US Census Bureau / Decision Data Resources

  6. Windham County

  7. Windham County CAGR 88% of US 1990-2000 Windham County CAGR 68% of US 2000-2010

  8. SeVEDS Mission and Vision Mission: SeVEDS exists to reverse the economic decline of our region. Vision: Southeastern Vermont will have an economy that generates long-term growth and prosperity and that improves our quality of life and sustains our quality of place.

  9. Goals and Metrics • Stop the Population Decline • Increase the Average Wage and proportion of personal income from earned income • Wages competitive with surrounding counties (the labor shed) • Increase the size and quality of the workforce • Increase population proportion of 25-44 year olds • Create an entrepreneurial environment

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