S E VEDS

WindhamVTMENHMAUS Average wage $ 38,820 $ 40,940 $ 38,550 $ 43,720 $ 52,710 $ 43, AVERAGE WAGE

Windham 2000 Windham 2010 Windham 1990 Earned Income % of Total Income

We arrived at a Shared Sense of Urgency Low wages, a rising cost of living and limited job opportunities create a disconnect between the skills needed by employers and the skills held by the workforce. This leads to a widely shared sense of economic insecurity resulting in many Vermonters looking for economic opportunity elsewhere, and few choosing Vermont as a place to live and conduct business.

AgePopulationForecastProjected Change Brackets ,620 11,522 9,220 8, %-3,407 -8, ,848 14,479 12,398 11, %-4, ,726 12,042 14,349 13, %5,757 8, ,394 6,173 6,889 8, %2,781 Total 41,588 44,216 42,856 41,804 Average Age Implications: (1)By 2015, there could be a workforce shortage of roughly 8,000 +/-. (2)Increased demand for elders service. (3)Commuters will fill the gap or work will disappear. (4)Climate of innovation will be more difficult to build and maintain. (5)Vicious cycle of declining younger population is difficult to reverse. (6)This trend can accelerate if not addressed. Population Forecast Source: US Census Bureau / Decision Data Resources

Windham County Windham County

Windham County CAGR 88% of US Windham County CAGR 88% of US Windham County CAGR 68% of US Windham County CAGR 68% of US

SeVEDS Mission and Vision Mission: SeVEDS exists to reverse the economic decline of our region. Vision: Southeastern Vermont will have an economy that generates long-term growth and prosperity and that improves our quality of life and sustains our quality of place.

Goals and Metrics Stop the Population Decline Increase the Average Wage and proportion of personal income from earned income Wages competitive with surrounding counties (the labor shed) Increase the size and quality of the workforce Increase population proportion of year olds Create an entrepreneurial environment