Goals, Objectives and Strategies Outline
as of January 19th, 2012
5 Year Goals:
1.End Population Decline 2009 = 42,605 est.
2.669 new jobs @$ 43,833 and 446 new jobs @$39,848 (NNE Average Wage)
3.Improvement of 4,464 jobs by $5,000/yr.
4.$69M new wages $141M in new GDP
5.Reach Regional GDP of $2.8B
6.Increase Median Annual Income for Associates/Some College from $26,855 to $32,000
7.Increase Median Annual Income for Bachelor’s Degree from $32,518 to $39,000
8.Improve the Ratio of Net Earned Income to Total Income from .566 to .65
Objective 1: Create Operational and Fiscal Sustainability Plan for SeVEDS by December 2011
1.Create Legal SeVEDS Entity
a.Create Board of Directors – A board of directors was named at the September 22, 2011 meeting.
b.Incorporate SeVEDS as a Non-Profit – Incorporated as a 501 c(6) September 2011
c.Affiliation Agreement with BDCC – approved and signed December 1, 2011
2.Outline multiyear budget and fundraising needs
a.Hire SeVEDS staff person to provide organizational and funder planning support. – BDCC provides staffing
b.Prepare 3-year budget – FY 2012 budget approved on November 17th 2011
c.Develop and implement private fundraising campaign
d.Develop and implement public fundraising campaign
3.Develop Comprehensive Economic Development Strategy for submission to EDA
a.Complete EDA Technical Assistance Grant – completed
b.Create Action teams to identify and support implementation of priorities and projects including VY closure, work force, redevelopment, and flood
c.Create CEDS plan – funding to create CEDS document will come from TA grant noted in 3a expected completion of CEDS is Summer 2011
Objective 2: Increase the Size and Quality of the Workforce (1-8)
Update from WIB to SeVEDS – SeVEDS contribution to WIB’s Work Keys program – meeting with benefactor group to discuss wf needs and discuss expanding Work Keys program and work force coordination capacity. Work is being done to increase capacity in order to achieve Objective 2. The WIB currently employs a .2 FTE director – possible existing capacity.
4.Develop a Workforce Center of Excellence Collaborative between providers and users of workforce development services that identifies and connects existing workforce development assets, defines future workforce requirements and gaps by September 2012
Key Metric: Recommend Preferred Workforce Development Collaborative Plan by December 2012
a.Map workforce development assets and define gaps to be filled
b.Build strategic relationships between assets
c.Define 3 to 5 Career Pathways that will meet the needs of the priority industries
d.Identify workforce development Best Practices appropriate to the region
e.Recommend Preferred Workforce Development Collaborative Plan by December 2012
5.Increase 20-44 age group employment by 20% in five years
Key Metric: By January 2012 Define Top 3 – 5 Industry Clusters with the potential for increasing high-value jobs within the next five years
a.By January 2012 Define Top 3 – 5 Industry Clusters with the potential for increasing high-value jobs within the next five years
b.Create Action Teams in Q1-2012 around Clusters to identify Strengths (Assets), Weaknesses, Opportunities, Threats and value chain gaps
c.Prioritize at least 2 Clusters for Opportunity Analysis Research that will Action 3.2.D – define at least 2 Niche Markets per Cluster for implementation by October 2012
d.Develop Immigration Attraction Strategy by April 2012 focused on doubling the percentage of foreign born population in the region from 3.5% to 7% by 2016
e.Develop a Highly Skilled Professionals recruitment and retention strategy
6.Increase Associate Degrees/Some College and Technical Certificates
Key Metric: 18-24 year old age bracket from 38% (1495 persons) to 47% (1884 persons) for net increase of 389 persons by 2016
a.18-24 year old age bracket from 38% (1495 persons) to 47% (1884 persons) for net increase of 389 persons by 2016
b.Identify Industry Sectors with critical skill needs
c.Work with Secondary, Post-Secondary and Vermont State College System and the broader region to develop education programs to meet industry needs
d.Partner with UMass
7.Identify public and private resources to support a sustainable implementation of workforce development plan
Objective 3: Increase population proportion of 24-44 year-olds from 23% to 28% of total population by 2017 (1)
8.KBE Strategy connecting the SeVEDS region to the NE Next Generation Knowledge Corridor –communication with Pioneer Valley Planning CEDS creators/ and John Mullin
9.Develop a Livable Communities Strategy by 2014
10.Leverage Tourism and Second Homeowner Assets to attract 1,000 young families
11.Develop a coordinated regional marketing plan to promote SE Vermont as the best place to live, place, and work.
a.Action Plans for Objective 4 Strategies will be developed during Phase II
Objective 4: Create an Entrepreneurial Environment (1-8)
BDCC Biz plan competition, SBDC biz counseling, some good town leadership, growing understanding of need for economic development planning ex: BiTown, SeVEDS, Resilient Brattleboro
12.Define and implement an Innovation Ecosystem within 3 years
a.In 2012, assess regional innovation and entrepreneurial climate based upon best practice criteria (Innovation Index): facilities, governance, business services, access to capital, business networks, culture, R&D capacities, etc.
b.Convene an Action Team to use the Innovation Index for SeVEDS developed in 12.a to address complex regulatory and other concerns with State and Local jurisdictions.
c.Assess business needs and set a goal to assist xx existing businesses and XX new or potential businesses each year.
Note: SeVEDS should evaluate the potential for this action plan and fill in goal statement as part of this action. (this can be done now or in Phase II)
13.Create a Young Professionals Group (YPG) to support and attract 20-44 year old professionals and workers
a.By Q4-2011 identify and evaluate strengths and weaknesses of existing young professional networks and social organizations
b.Engage a representative group of existing younger individuals (especially 18-35 yrs. old) in the community to assess interests and the role of young professions in the region’s economic future
c.As a result of Action 13b recommend a set of activities and actions to be adopted supporting both the YPG and entrepreneurial climate of the regions, such as: business seminars, speakers, business plan competitions, investment forums, social events, etc.
14.Create a sustainable start – up funding program by March 2013
a.Define and implement a plan to benchmark and track new businesses looking for funding by December 2012
b.Define and implement a plan to benchmark and track new jobs created by December 2012
c.Create a mentor/investor network plan utilizing especially the services and assets of 44-75 year olds by December 2012
d.Take advantage of opportunities under the federal crowdfunding bill (if passed)
e.Create marketing plan including social media to package and publicize local funding sources, mentor networks, incubator spaces, etc. Reach out to UMass/Amherst area via recruitment events, advertising, etc.
f.Identify Incubator Space
15.Recognize and blend Quality of Place characteristics and concepts into the SEVEDS strategies
a.Establish a group of relevant regional stakeholders to review Quality of Place concepts and index methodologies to craft a set of appropriate regional metrics
b.Develop and conduct several community presentations describing the role and critical components of Quality of Place within the SeVEDS strategy
c.Develop internal (within Windham Region) and external (out of Windham Region) marketing plan
16.Facilitate bringing challenged properties in the Windham Region back into purposeful use
a.Aggregate relevant environmental, financial and land record information for qualified interest groups.
b.Aiding qualified individuals and/or groups in purchase and rehab planning consistent with regional, economic, environmental and town planning.
c.Create a mechanism to facilitate intermediary ownership if there are no other alternatives
d.Identify and work with redevelopment efforts underway
17.Expand Percentage of the Regional Economy coming from the Global Economy by leveraging businesses w/global connections seeking higher skilled workers in high wage jobs.
a.Create a database of businesses with international relationships
b.Map international, linguistic, cultural, and technical knowledge assets
c.Create a Global Marketing plan that links with International trade marketing tools and programs to expand markets and attract new business to leverage regional assets
d.Define three (3) Global Niche Markets having value chain gaps that can be filled by regional assets
e.Identify workforce skill gaps that might be filled by international workers coming to the region and create an worker recruitment plan
f.Identify potential needs of international workers and develop a plan to meet those needs
Objective 5: Plan for a Post VY Economy (1-5)
18.Establish a sustained effort to cope with and recover from the closure of Vermont Yankee
a.Build a broad based steering committee to guide planning and action on economic and social impacts. Created Daniel Yates (Brattleboro Savings & Loan), Martin Langeveld (Strolling of the Heifers), Andrea Livermore (Building a Better Brattleboro), Art Greenbaum, Barbara Sondag (Town of Brattleboro), Connie Snow (Windham Housing Trust), Ellen McCulloch-Lovell (Marlboro College), Jeff Lewis (Brattleboro Development Credit Corporation), Jesse Corum IV (Attorney) Lawrence Campany (Windham Regional Planning Commission), Mark Richards (Richards Group), Robert Stevens (Stevens and Associates), Robert Woodworth, Chad Simmons, Robert Oeser, Stephan Morse (retired)
b.Conduct Substantial study of other nuclear plant closings and other plan shutdowns and find major learning’s – WRPC
c.Establish Site decommissioning, deconstruction, clean up, restoration and reuse planning group:
d.Identify potential impacts from VY closure – completed November 2011. Major categories include Jobs, GDP declines, Real Estate prices decline, Human Capital, Taxes
e.Identify possible mitigation, barriers and means of overcoming barriers – in process.
Objective 6: Plan, Track and Participate (1-8)
19.Maintain list of issues and sectors for development of additional objectives and strategies
a.Energy Prices, Broadband and Cell expansion, Disaster preparedness, Transportation Infrastructure, Railroads, Regional Plan