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SOCIO-ECONOMIC DATA FOR WNDD Presentation by: Tom Harris and Buddy Borden Buddy Borden.

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Presentation on theme: "SOCIO-ECONOMIC DATA FOR WNDD Presentation by: Tom Harris and Buddy Borden Buddy Borden."— Presentation transcript:

1 SOCIO-ECONOMIC DATA FOR WNDD Presentation by: Tom Harris and Buddy Borden Buddy Borden

2 Understanding WNDD Regional Strengths and Weaknesses Understanding Strengths and Weaknesses was a crucial piece of a successful region as defined in Module 2 in March in Carson City. (SET Facilitators Guidebook Page 2.29).

3 QUESTIONS TO BE DISCUSSED TODAY What are the current socio-economic conditions in WNDD? What components of the WNDD demographics and economy are growing or declining? What options exist for improving demographics and economic conditions in WNDD, and what options should we pursue first?

4 Silicon Valley Index Measures for Success Successful region can measures its success by: 1.Population Change 2.Educational Attainment 3.Employment 4.Occupational Skills (Source for 1 to 3: Index of Silicon Valley, Silicon Valley Community Foundation/Joint Venture Silicon Valley Network: San Jose, CA, 2011: P. 14. Accessed July 5, 2012 at: venture/2011-jv-index.pdf )http://www.siliconvalleycf.org/docs/joint- venture/2011-jv-index.pdf

5 Why Are There Changes in Proportional Share in Goods-Producing and Service-Producing Industries? Increased Efficiencies Increased Personal Income and Changes in Demand Changes in World Economy

6 Proportionate Shares of Sources of Income for the U.S., State of Nevada, and WNDD from 1969 to 2010

7 County Population, Rank of Population and Change in Population Rank, WNDD and State of Nevada, 2000 to 2010 County Change in Rank PopulationRankPopulationRank Clark1,375,76511,951,26910 Washoe339, ,40720 Carson City52,457355,27430 Elko45,291448,8185 Douglas41,259546,9976 Lyon34,501651, Nye32,485743,94670 Churchill23,982824,87780 Humboldt16,106916,52890 White Pine9, , Pershing6,693116, Lander5,794125, Mineral5,071134,77214 Lincoln4,165145, Storey3,399154, Eureka1,651161, Esmeralda WNDD183, ,191 WNDD Plus Washoe522, ,598 TOTAL1,998,257 2,700,551

8 Population by Age and Proportionate Share of Population by Age, Western Nevada Development District, 2000 and Age GroupNumber Proportionate shareNumberProportionate share Under 511, %12, % 5 to 913, %12, % 10 to 1414, %13, % 15 to 1912, %13, % 20 to 248, %10, % 25 to 3421, %23, % 35 to 4429, %25, % 45 to 5427, %32, % 55 to 6419, %30, % 65 to 7414, %20, % 75 to 848, %10, % 85 and above2, %3, % 65 and above 13.56%16.57% TOTAL183, %211, %

9 Trends in Population by Race, Western Nevada Development District, 2000 and RaceNumber Proportionat e Share Number Proportionate Share Percentage Change 2000 to 2010 White158, %177, %+11.52% Black or African- American2, %2, %+11.28% American Indian or Alaska native5, %6, %+12.17% Asian & Pacific Islander2, %4, %+46.98% Other Race13, %20, %+52.64% Total183, %211, %+15.15% Hispanic or Latino (of any race)21, %33, %+58.42%

10 Nevada County Educational Attainment, Residents 25 and Older, 2010 County High School or BetterBachelor’s or BetterGraduate or Professional Churchill 87.7%18.2%6.6% Clark 83.5%21.7%7.2% Douglas 91.2%25.9%9.9% Elko 84.5%15.8%5.1% Esmeralda 84.1%21.1%6.1% Eureka 88.2%17.8%3.0% Humboldt 80.9%13.4%3.1% Lander 75.0%12.9%2.5% Lincoln 83.0%15.8%6.2% Lyon 85.8%12.7%4.2% Mineral 86.3%8.2%1.7% Nye 81.7%10.5%2.7% Pershing 79.4%12.4%3.6% Storey 91.8%13.9%5.5% Washoe 86.4%26.7%9.7% White Pine 83.8%13.4%3.8% Carson City 88.0%21.6%9.0% WNDD 87.1%18.0% 6.9% WNDD Plus Washoe 54.3%21.8%7.4% NEVADA 85.0%27.9%10.3%

11 Nevada County Educational Attainment, High School or Better, Selected Age Groups, 2010 County High School or Better 25 to 34 Years Old High School or Better 45 to 64 Year Olds Churchill 91.9%89.8% Clark 82.2%85.0% Douglas 89.3%92.7% Elko 84.7%85.0% Esmeralda 100.0%86.0% Eureka 78.4%91.8% Humboldt 82.8%80.8% Lander 77.1%77.3% Lincoln 74.2%85.6% Lyon 82.7%87.8% Mineral 96.1%89.9% Nye 79.4%83.1% Pershing 69.7%80.1% Storey 100.0%88.9% Washoe 83.4%87.6% White Pine 85.2%86.9% Carson City 85.4%90.0% WNDD 85.8%89.0% WNDD Plus Washoe 82.6%85.8% NEVADA 86.8%87.5%

12 Group Exercise 1.What are the WNDD Region’s Strengths from a Demographic Perspective 2.What are the WNDD Region’s Weaknesses from a Demographic Perspective

13 Two Economic Development Procedures Export Enhancement Import Substitution

14 Export Enhancement Export Enhancement seeks to find economic sectors which WNDD has had relative success in attracting and nurturing during the past

15 Import Substitution Import Substitution seeks to reduce money outflows from WNDD by creating economic development opportunities to fill the demands for goods and services by WNDD businesses and institutions

16 Types of Import Substitution GAPS are demands for goods and services by WNDD industries and institutions purchased outside the WNDD Area because they are not produced locally. These are called Non- Competitive Imports. DISCONTECTS are demands for goods and services by WNDD industries and institutions purchased outside the WNDD Area but are produced locally. These are called Competitive Imports.

17 CRITERIA FOR SELECTING EXPORT ENHANCEMENT SECTORS IN WNDD Criteria used for selection follows data supplied by the Southern Rural Development Center: 1.Location Quotients for Jobs in Hobs in Percentage Change in Jobs from 2006 to Average Earnings for 2011

18 CALCULATION OF LOCATION QUOTIENT LQ i = LEI i / TLE NEI i / TNE Where: LEI j = Local Employment Industry i TLE = Total Local Employment NEI j = National Employment Industry i TNE = Total National Employment

19 EXAMPLE LQ CALCULATION

20 BUBBLE CHART AREAS

21 BUBBLE CHART ANALYSIS WITH SRDC DATA

22

23

24 CLUSTER RATING CLUSTERCategory Business & Financial STAR AER MATURE Energy STAR Biomedical STAR Transportation &Logistics STAR Agricultural Business MATURE Defense STAR Advanced Materials TRANSFORMING Mining EMERGING IT Telecommunications TRANSFORMING Printing TRANSFORMING Fabricated Metal TRANSFORMING Chemicals TRANSFORMING Education EMERGING Forest TRANSFORMING Computer TRANSFORMING Transportation Equipment TRANSFORMING Primary Metal TRANSFORMING Apparel TRANSFORMING Machinery EMERGING Glass TRANSFORMING Electrical TRANSFORMING

25 RANKING OF WNDD CLUSTERS-SRDC CLUSTER Business & Financial Energy Transportation & Logistics AER Biomedical Advanced Materials Mining Defense Primary Metal IT Telecomm Machinery Chemicals Agricultural Business Computer Fabricated Metal Education Glass Transportation Equipment Printing Electrical Forest Apparel

26 DETAILED SECTOR BY SRDC CLUSTER

27 Group Exercise Which clusters should WNDD pursue and why? Which clusters should WNDD not pursue and why?

28 SIERRA PACIFIC MEGAPOLITAN


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