Strategic Planning: Board of Directors Workshop February 12, 2016, 2:00 – 5:00 p.m., Hudson Opera House

Meeting Agenda 2:00 – 2:10 Introduction 2:10 – 2:40 Data summary and discussion 2:40 – 3:00 Revisit mission statement & performance goals 3:00 – 3:45 Discussion on the four pillars 3:45 – 4:00 Break 4:00 – 4:45 Discussion of CEDC activities and initiatives 4:45 – 5:00 Wrap up / next steps Alyson lead this slide

Strategic Plan Process: Introduction Strategic Plan Process: Where are we? Where are we going? Where do we want to be? How do we get there? Mike lead this slide

Demographic Overview Presented to CEDC 2/12/16 Columbia County Demographic Overview Presented to CEDC 2/12/16

Data Overview “Where are we?” Victoria lead this slide

Population - Age Columbia County Residents are slightly older than the US and New York averages, with a majority 45 years and older Data from www.Clustermapping.US

Population - Education Columbia County residents graduate from high school and earn bachelor’s degrees at close to the NY and US rates. County residents include individuals with more military service than either NY or the US. Data from Census Quickfacts

Population - Housing Columbia County residents have a high level of home ownership Columbia County New York US Homeownership rate 72.40% 54.20% 64.90% Housing units in multi-unit structures, percent 16.90% 50.60% 26.00% Median value of owner-occupied housing units $221,600 $288,200 $176,700 Persons per household 2.38 2.61 2.63 Data from Census Quickfacts

Work Patterns - Employment Columbia County New York US Labor Force, % of Population 62.0% 63.5% 63.9% Employed 57.1% 57.7% Unemployed 4.9% 5.6% 5.8% Not in Labor Force 38.0% 36.5% 36.1% Data from Census Quickfacts

Unemployment of 5.6% in Capital Region better than upstate NY average – only Greene County worse Unemployment rate %, 2014 Upstate NY average 6.4 5.6 Capital Region average Albany Columbia Greene Ren-sselaer Saratoga Schenec-tady Warren Washington Unemployment, Number of people, Dec 2014 7,606 1,466 1,381 4,302 5,296 4,049 2,073 1,714 Labor force participation rate, %, 2013 65.0% 62.9% 53.5% 66.4% 68.0% 65.4% 63.9% 60.7% Source: BLS, Moody’s Analytics, American Community Survey

Capital Region Unemployment Deep Dive Unemployment by race and ethnicity (2013), % Unemployment by educational level (2013), % Black Hispanic Asian White Less than high schoolLess than high school High school graduate or GEDHigh school graduate or GEDHigh school graduate or GED Some college or Associate’s degree Bachelor’s degree or higherBachelor’s degree or higherBachelor’s degree or higher Unemployment rate, veterans (2013), % Unemployment rate, dis-abled population (2013), % Labor force participation rate and unemployment by age, 2013 Columbia 11.6 Greene 25 Labor force participation rate, % Unemployment rate, % Rensselaer 9.3 Washington 22 Age 16-19 41.6 24.7 Albany 8.8 Rensselaer 18 Age 20-24 74.3 13.4 Washington 8.2 Columbia 16 Age 25-44 85.4 7.7 Warren 7.9 Albany 15 Age 45-54 84.4 5.4 Greene 6.8 Warren 15 Age 55-64 66.2 5.0 Schenectady 6.1 Schenectady 14 Age 65-74 25.8 7.8 Saratoga 6.1 Saratoga 13 Age 75+ 5.2 3.6 NOTE: Unemployment rates for detailed demographic groups only available as five-year trailing averages (2009 – 2013) Source: American Community Survey

Work Patterns - Commuting Columbia County New York US Mean travel time to work (minutes), workers age 16+ 25.7 31.6 Public Transportation 2.5 27.4 5.1 Data from Census Quickfacts

Workers in Capital Region often live and work in different Counties Where Capital Region workers work Where Capital Region workers work, by county % share of total workforce, 2013 Thousands (% share of total workers in county) Locally1 In home town Non-locally In home county, but not home town 121 (81%) 29 (19%) Albany In state, but not home county 60 (54%) 51 (46%) Saratoga Out of New York State 28% 35 (45%) 42 (55%) Rensselaer 39 (53%) 34 (47%) Schenectady 34% 22 (71%) 9 (29%) Warren 18 (62%) 11 (38%) 39% of CR workers (~200k) work in a different county than their home county Columbia 37% 12 (44%) 15 (56%) Washington 2% 11 (55%) 9 (45%) Greene 1 “Locally” defined as working in their home county of residence Source: 2013 American Community Survey Five-year estimates, US Census Bureau

Prosperity Measures Columbia County New York US Median Income $57,336 $58,003 $53,046 Social Security Received in Household, % 37.0% 29.1% 29.3% Population in Poverty, % 9.8% 15.3% 15.4% Data from Census Quickfacts

Poverty rates significantly higher in urban areas Number of people in poverty 2013 Albany Sche-nectady Troy Colonie Guilder-land Saratoga SpringsSaratoga Springs Glenville Rotter-dam Hudson Milton Poverty rate, % 25.2 23.9 28.3 6.9 5.8 7.9 4.7 5.5 23.2 7.1 Share of CR people in poverty, % 21.6 14.5 12.4 5.2 1.9 1.9 1.3 1.5 1.4 1.3 49% of Capital Region total Number of children <18 in poverty 2013 Albany Sche-nectady Troy Colonie Guilder-land Saratoga SpringsSaratoga Springs Glenville Rotter-dam Hudson Milton Child poverty rate, % 32.2 41.9 46.4 9.8 5.3 4.5 4.1 7.1 31.8 7.2 Share of CR children in poverty, % 18.0 21.6 15.0 5.3 1.2 0.7 0.9 1.4 1.6 1.0 55% of Capital Region total Source: American Community Survey

Industries – Sources of Wages

Industries – Top 7 by Wages 2 digit NAICS Sector Establishments Average Employment Total wages Health Care and Social Assistance 171 4,182 $ 166,329,850 Retail Trade 251 2,680 $ 70,125,805 Manufacturing 78 1,556 $ 69,553,538 Wholesale Trade 59 775 $ 36,971,150 Construction 246 903 $ 34,860,937 Agriculture, Forestry, Fishing and Hunting 69 885 $ 32,530,038 Professional, Scientific, and Technical Services 165 520 $ 27,557,921

Industries –Next 7 by Wages 2 digit NAICS sector Establish-ments Average employment Total wages Accommodation, Food Services 170 1,648 $ 25,676,281 Finance and Insurance 67 479 $ 23,984,255 Transportation, Warehousing 41 543 $ 19,801,157 Other Services (except Public Administration) 178 648 $ 18,313,116 Administrative, Support, Waste Management, Remediation Services 106 457 $ 13,249,600 Arts, Recreation, Entertainment 52 325 $ 13,016,569 Management of Companies and Enterprises 10 172 $ 12,294,367

Innovation Measures - Patents County 2009 2013 Schenectady County 215 329 Saratoga County 181 253 Albany County 130 204 Rensselaer County 22 34 Warren County 10 13 Columbia County 5 20 Washington County 6 7 Greene County 3 Source: US Patent Office (all county)

Traded and Local Industries Traded industries sell products or services across & beyond regions Local industries primarily serve the local markets.

Top 5 “Traded” Clusters for Job Growth Cluster Name 1998 2013 Change % Change Business Services 408 937 529 130% Education and Knowledge Creation 30 130 100 333% Livestock Processing 10 60 50 500% Biopharmaceuticals Nonmetal Mining 20 70 250% Source: www.clustermapping.us

Top 5 “Traded” Clusters for Job Loss Cluster Name 1998 2013 Change % Change Metalworking Technology 210 80 -130 -62% Vulcanized and Fired Materials 195 60 -135 -69% Recreational and Small Electric Goods 245 70 -175 -71% Financial Services 381 180 -201 -53% Production Technology and Heavy Machinery 560 185 -375 -67% Source: www.clustermapping.us

Top 5 “Local” Clusters for Job Growth Cluster Name 1998 2013 Change % Change Local Health Services 3,166 4,292 1,126 36% Local Real Estate, Construction, and Development 1,300 1,770 470 Local Food and Beverage Processing and Distribution 870 1,216 346 40% Local Logistical Services 269 520 251 93% Local Hospitality Establishments 1,152 1,397 245 21% Source: www.clustermapping.us

Top 5 “Local” Clusters for Job Loss Cluster Name 1998 2013 Change % Change Local Retailing of Clothing and General Merchandise 503 486 -17 -3% Local Utilities 412 243 -169 -41% Local Commercial Services 689 498 -191 -28% Local Entertainment and Media 386 182 -204 -53% Local Motor Vehicle Products and Services 1,022 719 -303 -30% Source: www.clustermapping.us

Mission Statement The mission of the ColumbiaEDC is to : Strengthen the area’s tax base through economic development & job creation; Assist businesses to locate & expand within the County; Promote Columbia County as a premier spot for both business investment and personal opportunity. Alyson lead this slide Does this resonate? Does it capture the aims and values of the organization? What isn’t the org today that you think it could or should be? Should this bake in industry focus or remain broad?

2016 Performance Goals Educate business owners, elected officials and community representatives regarding resources available to new and existing businesses.   Market and administer the CEDC and SBA loan programs, including reporting, loan administration and technical support services. Mike lead these slides

2016 Performance Goals (continued) Assist municipalities with infrastructure projects that have an economic impact, including program research, applications and administration of grants. Collaborate with partners and stakeholders to address Business Climate issues. (Local & State) Mike lead these slides

2016 Performance Goals (continued) Assist entrepreneurs and start-up businesses, Improve CEDC efficiency, including expenses and reporting. Work with State and Federal elected officials to develop business incentive programs designed for small businesses. Mike lead these slides

Plan Focus: Four Pillars Entrepreneurship & Innovation Infrastructure Quality of Life & Sustainability Workforce & Education Alyson to lead For each: Opportunities and threats Where should CEDC lead, partners, or follow/support advocate What partnerships are essential here, and where does overlap or gap need to be addressed?

Economic Development Issues Broadband Infrastructure Business Attraction Investment Business Climate Jobs Business Retention & Growth Land Use Clean Energy & Climate Change Public Safety Economy Shovel Ready Sites Education Transportation Environment Gas & Electric Health & Human Services Water & Sewer Other Mike lead these slides

Industry Segments Agribusiness Manufacturing & Technology Arts, Culture, Tourism & Hospitality Professional Services Education Recreation Financial Services Second Home Real Estate Government Small Business Health Care Not for Profits Creative Economy Other Mike lead these slides

Issues and Themes Business environment / culture Business marketing/attraction versus retention Economic development versus community development Bifurcation of County (rural vs urban) Regional collaboration Industries of focus: agbusiness, creative economy, technology, tourism Workforce readiness challenges; new business-education partnerships under development Funding model (private versus public support) Need for organizational direction, capacity Regulatory Compliance We think part of our role here is to help you not be a mile wide and an inch deep Introduce each topic, tell them what we heard, facilitate THEIR discussion

Organization Functions General Administration Loans & Grants Economic Development Accounting & Finance Compliance & Reporting Marketing & Communications Mike to lead. Review activities and reflect on “fit” to the mission, pillars, and discussion so far. What needs to be continued, modified, begun, or dropped? Alyson to chime in as appropriate

Next Steps Public Meeting Stakeholder Survey Draft Strategy Board Review Member Presentation – Annual Meeting Mike’s slide

Thank you