Draft Report – Morro Bay Economic Development Program 2012/13 April 22, 2013 Presented by John DiNunzio, MBA 1.

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Presentation transcript:

Draft Report – Morro Bay Economic Development Program 2012/13 April 22, 2013 Presented by John DiNunzio, MBA 1

What is the Economic Development Program “is a concerted effort on the part of the City of Morro Bay working in a public-private partnership with the Morro Bay Chamber of Commerce to influence the direction of private sector investment toward opportunities that can lead to sustained economic growth. “ 2

ED Program Coordinator: Roles & Responsibilities Address the needs of current and emerging business community Encourage new business Meetings and partnership working Goals: Establish a ED Committee, Green Business program, Chamber and Business Resource Center 3

Upcoming ED Program Initiatives  Events Planners Panel Discussion & Workshop 2013/14 (Wednesday May 29 th :30AM – 10:30AM – venue tbc)  MB Summer Softball tournament Economic Appraisal Survey 4

What Morro Bay businesses received direct assistance from the Chamber for business retention or expansion? #Business Type 1Community development housing cooperative 2 Non-profit dedicated to helping drug and alcohol recover looking to expand 3BBQ vendor looking to expand 4Coffee Shop on the Embarcadero 5Wine Shop on the Embarcadero 6Coffee Shop on North Main St 7Mexican Food Market 8Sports equipment retailer selling business 9Wellness Community – holistic non-profit group 10Event planners group 11Business services bartering exchange organization 12School PTA 13Light manufacturing operator on Quintana 5

What is the total number of businesses that contacted the Chamber or that were contacted by the Chamber? #Point of contact 55Total # of businesses that contacted the Chamber or that were contacted by the Chamber (John directly) seeking business services or follow-up information. 6

What is the total prospective businesses the Chamber talked with about relocating or opening in Morro Bay? 1Mexican Food Market 2 Light Manufacturer of Packaging Molded Forms 3A light manufacturer of Marine products 4Swap meet / Flea market organizer 5Seafood Marketing Association 6Community Radio 7Community TV Station 8Mobile Automotive repair 9A women’s apparel store 10A financial advisor 7

Total number of jobs within Morro Bay, by major sector NAICSIndustry2012 Jobs 72Accommodation and Food Services1, Retail Trade707 23Construction485 53Real Estate and Rental and Leasing Administrative and Support and Waste Management and Remediation Services Other Services (except Public Administration)424 62Health Care and Social Assistance Manufacturing318 54Professional, Scientific, and Technical Services262 71Arts, Entertainment, and Recreation230 52Finance and Insurance Transportation and Warehousing106 11Agriculture, Forestry, Fishing and Hunting96 90Government59 51Information49 22Utilities48 42Wholesale Trade37 61Educational Services (Private)26 99Unclassified Industry26 55Management of Companies and Enterprises11 21Mining, Quarrying, and Oil and Gas Extraction2 5,461 8 Source: EMSI - Equifax, California Labor Market Information Department” – courtesy of SLO Economic Vitality Corporation – April 2013

Regional Job Trends Region2008 Jobs2013 Jobs% Change Morro Bay5,2975,6226.1% Cambria3,1363,2563.8% Cayucos % State20,888,74520,909,7030.1% Nation179,386,666181,940,8121.4% 9 Source: EMSI - Equifax, California Labor Market Information Department” – courtesy of SLO Economic Vitality Corporation – April 2013

Growing / Declining Occupations Occupation Change in Jobs ( ) Counter and Rental Clerks ( )51 Janitors and Cleaners, Except Maids and Housekeeping Cleaners ( ) 50 Maids and Housekeeping Cleaners ( )29 Construction Managers ( )(14) Construction Laborers ( )(19) Carpenters ( )(21) 10 Source: EMSI - Equifax, California Labor Market Information Department” – courtesy of SLO Economic Vitality Corporation – April 2013

Growing / Declining Industries Industry Change in Jobs ( ) General Rental Centers (532310)115 Janitorial Services (561720)68 Nuclear Electric Power Generation (221113)52 Reupholstery and Furniture Repair (811420)(32) Offices of Real Estate Agents and Brokers (531210) (37) Other Heavy and Civil Engineering Construction (237990) (99) 11 Source: EMSI - Equifax, California Labor Market Information Department” – courtesy of SLO Economic Vitality Corporation – April 2013