1. Trending Now you are here
Trends that could affect the way we live, work and play in the future

2. Credits Office of Intermodal Planning & Investment (OIPI) THANKS!
Sources for many of the Trends presented
THANKS!
Office of Intermodal Planning & Investment (OIPI)
Southeastern Institute of Research
Weldon Cooper Center

3. 1. The New Florida We are getting older!
Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040
Source: University of Virginia Demographics Research Group

4. 2. The Millennials are here!
They now outnumber Boomers!
Image Source: Pexels
Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040

5. 3. The Creative Class (Millennials)
startups employ
“disproportionately large numbers of young, well-educated workers.”
they are creative; they work long, hard hours; and they are willing to
take entrepreneurial risks
Source: CEOs for Cities
Source: “The Young and The Restless and the Nation’s Cities” by City Report
Image Sources: Pexels & Visual Hunt

6. in 2011 were launched by 45-64 year olds.
4. The Entrepreneurs (Boomers)
Half of new start-ups
in 2011 were launched by year olds.
50- and 60-somethings start businesses at twice the rate of 20-somethings
Source: Oxford Economics for AARP
Image Sources: Pexels

7. 5. What they have in common…
Bikers
& Bikers!
Source: Investing in Place, APA

8. 6. Decline of Auto Dominance?
Millennials are 23 percent less interested in owning a car than the generation that precedes them
Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040
Source: McKinsey, Urban Mobility at a Tipping Point, September 2015

9. 7. Decline of conventional suburbs
More people of all age groups want WALKABILITY
Source: Investing in Place, APA

10. 8. The 15 Minute Walkable Community
Nearly half of Americans, and three-fourths of Millennials, say they plan to move in the next five years. What do they want in their new communities?
Walkable, diverse, single family or townhouse homes in a small town.
Source: AARP Magazine

11. 9. The “Livability Premium”
Businesses that moved downtown or out of suburban locations to be near talent
$4,000-$34,000.
Premium for homes with above –average levels of walkability
Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040
Image Source: Pexels

12. 10. Investing in Place A Great Place
Creative People
ATTRACTS
Employers
Community
The new model of Economic Development
Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040

13. So: Is it working? Arlington County Botetourt County Richmond
Montgomery County
Emphasize bullet points

14. Arlington County low taxes high return less traffic more satisfaction
Virginia Square
$1.006 per $100
high return
$250,000 in taxes per acre in Urban Villages
less traffic
Traffic went DOWN despite growth
1970
more
92%of County residents rate their quality of life as “good” or “very good”
satisfaction
Emphasize bullet points
2010
Source: Arlington County

15. Richmond Stone Brewing’s East Coast operation
Fulton Hill Neighborhood
Stone Brewing’s East Coast operation
$74 mil. Facility 288 jobs
Company’s desire to renew a historic neighborhood
Emphasize bullet points
Source: Richmond Economic Development

16. Christiansburg Backcountry.com’s East Coast operation
“This is the future of our
economic development. We
have to create a sense of
place that is authentic, and
then monetize it and use it
to attract like-minded
people and companies”
Beth Doughty
Backcountry.com’s East Coast operation
$20 mil. Facility 216 jobs
Supported by regional investments in
Bike trails
Greenways
Festivals/Events
Emphasize bullet points
Sources: YesVirginia.org & Roanoke Regional Partnership

17. Botetourt County Three major new announcements:
Fincastle
Three major new announcements:
Ballast Point Brewing - $48 mil.
178 jobs
Daleville Town Center
VCC Shared Services Center – 200 jobs
Emphasize bullet points
Eldor - $75 mil.
350 jobs
Source: Botetourt County

18. = Recap A Changing World! Aging Virginia Millennial Growth
Creative Class
Entrepreneurs
Common Desires – Travel Choice
Decline of Auto Dominance
Decline of Conventional Suburb
The 15 Minute Walkable Community
The Livability Premium
Investing in Place
A Changing World! =

19. A Changing World! you are here Urbanization? Water Wars?
Alternative Energy?
Changing Climate?
Technological Breakthroughs?
Your most important trend?

20. suggestion: Planners are first & foremost - futurists
After seeing the presentation, think about:
“Which forces or trends do you think will most shape our future?” and remember…
Planners are first & foremost - futurists