Leading Advocate for Rural Virginia. Economic Essentials Sustainability.

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Presentation transcript:

Leading Advocate for Rural Virginia

Economic Essentials Sustainability

Understanding Rural Population growth Job Growth Capacity to generate jobs Entrepreneurial presence Per Capital Income Transfer Payments Local government services Local School Districts

Agriculture Industry Industry WorkforceOutput Total357,000$55 B Production60,000$2.9 B Value-added76,000$26 B Ag-related 221,000$26 B

Rural vs. Virginia Gap SectorRural VA Population+0.85%+1.21% Employment+0.05%+0.43% Per Capita Income$32 K$38 K Transfer Pmt. +4.0%+2.3% L Gov. Fiscal 51.2%64.8% LCI (Education)37.1%45.0%

Challenges Finding an area of economic strength upon which to build – a competitive advantage

Solutions K12, adult education, credentialing, and workforce training Infrastructure - Broadband Targeted Incentives for job creation Access to Capital Community Capacity – critical mass, scale, collaboration, leadership