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Trends that could affect the way we live, work and play in the future
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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
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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
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2. The Millennials are here!
They now outnumber Boomers! Image Source: Pexels Source: Southeastern Institute of Research for Commonwealth Transportation Board – VTrans2040
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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
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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
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5. What they have in common…
Bikers & Bikers! Source: Investing in Place, APA
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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
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7. Decline of conventional suburbs
More people of all age groups want WALKABILITY Source: Investing in Place, APA
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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
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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
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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
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So: Is it working? Arlington County Botetourt County Richmond
Montgomery County Emphasize bullet points
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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
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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
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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
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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
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= 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! =
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A Changing World! you are here Urbanization? Water Wars?
Alternative Energy? Changing Climate? Technological Breakthroughs? Your most important trend?
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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
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