MVEDA NM Legislative Jobs Council - Mesilla Valley · NM Legislative Jobs Council. ... Compensating...

March 2014

MVEDA 12.2.14

NM Legislative Jobs CouncilClarity and Consensus on Job Creation

Mark Lautman CEcDLautman Economic Architecture LLC

The Community Economics Lab

What will it takejust to get back to where we were

before the recession?

In Ten Years

LEDA CEcD Apprenticeship Programs County MOOC’s Talent

DevelopmentOffice Parks ONET

Small Business Hackerspace

STEM

USDA

Digital Media

Cultural Presentation

Local Growers

Economic Base Jobs

Neighborhoods

Wealth Creation

MEPCustom Job Training

Military Bases

P o r t s

Lone Eagles

Target Industry Analysis

Phase 1 Environmental

Gross Receipt Taxes

FilmLead Generation Entrepreneurship

ProductivityBuild Operate Transfer

Planning

and Zoning

Corporate Relocation

Merchant Economic Developers

ICSC

Closing Fund

SWOTForeign Trade Zones

Quality of Life National

LaboratoriesSolo-work

Bandwidth

Economic Development

Design Build

Master Planned Communities

JobsMain Street

Intermodals

Emerging Technology

Empowerment Zones

Workforce Development

Factors oF Production

Archeology

Airports Long-term Strategic Advantage

FDI

Virtual BuildingB r a n d i n g

Brownfield Development

Public Private Partnerships

Claw Backs

Expansion of Existing Employers

Brain Drain

Greenfield Development

Leakage

Housing 1 0 9 9 R s

Corporate Tax Rates

Minority Owned

Boomers

Native (Tribal) Communities

Marketing

International

501 (c) (3)

NAFTAI n dependent E -Base Work

Universities

Angel Investors

Community Quality Index Tax

Incentives

Business Accelerators Energy

Production

Regions

Social Media

Oil & Gas

Local Worker Directed Programs

Poverty EDA

Underemployment

GFH X

Utility Capacity

Crowdfunding

Su stainable D evelopment

Dropout Rate

Business

Retention & Expansion

Chambers of Commerce

Workforce Gap Model

GDP

Te ch Tran sfer

Industrial Building

Community Development

Creative Class Workers

SBDC’sMining

Logistics

Arenas

Clean Tech

Incubators

ROI

Renewable Energy

Historical Preservation

Talent Retention

Workman’s Compensation

Workforce Investment Boards

MiniMuM WageTechnical

Talent

Talent Attraction

Early Childhood Education

Industrial Park Development

Rural Development

Tax Climate

Design Thinking

Local Banks

HUB ZoneFederal

Government Jobs

RailFree Agents

Exported Services

Spec Workforce

Tower

Convention V i sitor’s Bu reau

Data Storage

Infrastructure

To urism

Household Income

WorkKeys

E>P

Reta il Rec ru iting

Gazelles

Economic Gardening

Roads

Gen Y

Compensating Industry

Healthcare NAICS

Transit Driven Economic Development

Seed Funding

Wage Cliff

Innovation Spec BuildingIndustrial

Development

Cluster Development

EDC’sEDO’s

Intellectual Property Protection

Nations

U n e m p l o y m e n t

Drainage

Capital

Regulatory Issues

Time to Graduation

Gaming

Mixed-use Development

Cities

Venture Capital

Property Taxes

Start-up

Food Security

Tax Revenue/ Service Burden

Sports Franchises

Distribution Centers

SBIC’sCo-working Spaces

PermissiveZoning

Pit Rules

IAMC

Resilience Strategies

Research & Devel opment

Leadership Programs

Tech Stars

MSA’s

GIS

BRAC

Public Schools

LiveWorkPlay

BioTech

EB-5 Regional Center

CTaxRev > RTaxRev

Personal I ncome

econoMic developMenT TransacTions

Site Selection Consultants

Retirement Communities Performing

Arts Centers Gifted Academics

Natural Gas

SBA 504

Veteran

Micro Lending

Viticulture

S l o w Growth

Councils of Governments

Retention of Existing Employers

Economic Architecture

GreenTech

Currency Rates

Implan

SBA

Crowdsourcing

501 (c) (6) Happiness

Keytrain

Job Corps

Crime

Transient Advantage

Personal Income Tax Rates

Birth Rates

IEDCM i l l e n i a ls

Enterta inment Industry

Foreign Trade Office

WaterfrontDevelopment

Commute Shed

Livable Wage

Women-owned

No Growth

Eco-Tourism

E > P P

Recalibrate Expectations

Mark Lautman CEcD, CRE

Dependents

QualifiedWorkforce

Dependents

QualifiedWorkforce

UnqualifiedWorkforce

Retirement

old

young

Failing Schools

UnqualifiedWorkforce

Labor Starvation Scenario

EmployerAttraction

Talent Attraction

The New Economic Development Paradigm

Community Development

MembersRep. W. Ken Martinez, Co-ChairSen. Mary Kay Papen, Co-ChairRep. Donald E. BrattonRep. Stephanie Garcia RichardSen. Phil A. GriegoSen. Stuart IngleRep. Rick MieraRep. Debbie A. RodellaSen. Michael S. SanchezSen. Pat Woods

Advisory MembersSen. William F. BurtRep. Mary Helen GarciaRep. Patricia A. LundstromSen. Howie C. MoralesSen. George K. MunozSen. Steven P. NevilleSen. Michael PadillaSen. John C. RyanRep. Thomas C. TaylorRep. Don L. TrippRep. James P. White

Public MembersRay M. Baca, New Mexico Building and Construction

Trades CouncilTerry Brunner, USDABeverlee McClure, ACIAlex O. Romero, Albuquerque Hispano Chamber of

Commerce and NMED Commission chair

Executive MembersSecretary Jon BarelaSecretary Monique JacobsonSecretary Tom CliffordSecretary Jose Z. GarciaSecretary Celina C. Bussey

Jobs Council Members

Lautman Economic Architecture LLC

Clarity and Consensus On a State-wide Job Creation Agenda

1. Develop a framework and criteria for identifying job creation priorities.

2. Ascertain the estimated number of economic base jobs, the economic base sectors those jobs could come from and the factor of production issues impeding the creation of those jobs.

3. Begin building bipartisan consensus on legislative measures that can “move the needle”on job creation in the next five to seven years.


Think > Plan > Do

Assessment Strategy and Plan Execution


Coherence: Agree on the

theoretical construct, nomenclature and

process,

Economic Predicament:

Agree on the number of new, economic-

base jobs that must be created

Economic Sector

Selection: Agree on a ranked list of the sectors with the highest

potential for generating the

economic-base jobs

Geographic Distribution and Resource Gaps: Agree on areas of the

state in which the new, economic-base jobs are most likely

to be created

Policy and Program

Implications: Agree on job creation program and policy

initiatives needed to deliver the job

numbers

Clinical Consensus

WAG but Verify

Coherence Questions

1. What are we trying to do?

2. Who is we? What is our Economic jurisdiction?

3. Why are we doing this?

4. Who needs to be at the table?

5. What process do we use?

6. How do we define economic development?

7. What are we measuring; Jobs or Money?

8. What are the primary modalities of action?

9. What is our impact Horizon?

10. What is our criteria for choosing priorities?


New Mexico’s 7 Economic Regions

– Council of Government

– Economic Development Districts

– Workforce Districts

228,749

283,327

887,077 89,216

63,228 268,495

239,087

Population of Individual COG1-NW

2-NC

3-MR

4-EP

5-SW

6-SE

7-SC


Predicament Questions

How many economic base jobs will we need to get to full employment in 10 years?

• How many E-base jobs do we need to;• Support population growth?• Fill the current unemployment gap?• Replace attrition?

State Economic Base Jobs CalculusFactors NM

1. E-base jobs for growth 34,763

2. E-base jobs to fill unemployment gap 15,991

3. E-base jobs to replace attrition 110,129

E-base jobs needed (State) = 160, 883E-base jobs needed (State) per year = 16,088

2013 Jobs Council


2014 North Central COG Ten Year Economic Base Jobs Needs

Factors NCCOG




E-base jobs needed ten years = 16,563E-base jobs needed per year = 1,656


2014 South Central (partial)Ten Year Economic Base Jobs Needs

Factors Dona Ana Co.




E-base jobs needed 10yrs = 15,743E-base jobs needed per year = 1,574


2014 ABQ MetroTen Year Economic Base Jobs Needs

Factors Metro ABQ




E-base jobs needed 10yrs = 82,276E-base jobs needed per year = 8,227


“We may be under-investing in economic development in this state

by an order of magnitude.”

Rep Tom Taylor

Regional Dashboard Example-update August 2014

Statewide Job Creation Potential – Legislative Interim Jobs CouncilArea: County, Region, StateTime Period: 2014-2024

PredicamentPopulation Change 25,000Population in Workforce 15,000Unemployment Reduction 3,000Total Jobs 18,000Economic Base Jobs 6,000E-Base Attrition 2,000Total Economic Base 8,000Annual Economic Base 800

BackgroundExplanatory – Scan OverCurrent – Up to Date by RegionsSustainable – NewMARC website

Economic Sector Selection

Sector Jobs TransactionsFactors of

Production Procured TotalBack Office 300 3 Facilities 100 100Health and Social Services 2,500 Workforce 500 1200Visitor Driven 700 0 0Intergrated IT 300 5 Workforce 100 100Manufacturing 400 3 200 250Exported Services 400 6 0 0Solo-Work 400 200 250Extractives 800 3 Housing 700Digital Media 300 4 Broadband 100 100Federal Government 200 50Agriculture 300 Water 100Education 900 300Emerging Technologies 400 5 Workforce 100 200

Sector Estimate Questions

1. What should we define or group the economic base sectors?2. How many E-base jobs can we create in each sector?3. How many transactions will it take: start ups, expansions and recruits?4. How many E-base job transactions will need to be procured?5. How many E-base jobs transactions will occur organically?6. Which sectors have procuring agents or programs managing job creation

transactions? Which don’t?7. How many E-base jobs are being created per year by existing procuring

agents? 8. How many E-base jobs could be created if the existing procuring agents

or programs received more resources?9. How many more E-base jobs transactions could be created if new

programs were developed?

Dona Ana CountyEconomic Sector Estimates

Back Office Services 700Exported Services 200Solo-Independent Work 400Integrated IT & Cyber (Non-Gov't) 50Digital Media 300Visitor Driven 1,600Manufacturing 3,500Extractives 10Agriculture, Food, & Forestry 250Government 1,500 Health & Social Services 3,000 Education Services 200__Total Over Ten years 14,310Annual 1,431Ten year MVEDA? 4,450 / 2 2,225Ten year MVEDA? 223

Outliers

Traditional Programs

Organic Sector

Improve The

Business Ecosystem

Innovate New Procuring Programs

Plus-up Proven Procuring

Programs

Strategy Options


Factors of Production• Capital• Infrastructure:

• Water & Sewer• Bandwidth• Transmission• Roads & Drainage• Power and Gas• Public Safety

• Transportation• Land and Building Inventory• Qualified Workforce• Housing• Tax and Regulatory climate• Marketing - Lead Generation• Sales - Deal Structuring • Leadership

Top Factor of Production Gaps

Factor Jobs at Risk ScoreInfrastructure – bandwidth 12,555 17Qualified Workers 9,280 10Marketing and Lead Generation 6,175 11Tax and Regulatory environment 5,970 10Leadership 5,525 11Building Inventory 4,510 7Capital 2,560 6

RecommendationsPrograms, Policies, Projects

• Product Development• Marketing and lead generation• Sales • Closing completion resources

1.Unanimous Jobs Council Recommendation2.Legislative sponsors

- Both parties, both houses, - LFC

3.Executive support - Departmental support- DFA support

4.Constituent sponsors

Jobs Council Legislative Criteria

Jobs Council RecommendationsJuly 17, 2014

NM Partnership $500,000 LEDA $50,000,000JTIP $12,000,000Co-op Advertising $2,000,000Local Staff Augmentation $4,500,000Solo-Work Pilot $500,000Forest Restoration Pilot $250,000Middle School Physics Pilot $250,000Broadband needs assessment $300,000Work Force Gap Forecast Model $125,000

FYI 2016 $70,425,000

2014 Jobs Council Recommendations

NM Partnership $500,000 LEDA $50,000,000JTIP $12,000,000Co-op Advertising $2,000,000Local Staff Augmentation $4,500,000Solo-Work Pilot $500,000Forest Restoration Pilot $250,000Middle School Physics Pilot $250,000Broadband needs assessment $300,000Work Force Gap Forecast Model $125,000Tourism Department Marketing $3,500,000*NMSU STEM Education Program $475,000*WorkKeys Program $35,000*FY 2016 $74,435,000

* Added at November 12, 2014 meeting

Middle School Physics


MVEDA NM Legislative Jobs Council - Mesilla Valley · NM Legislative Jobs Council. ... Compensating...

Documents

Transcript of MVEDA NM Legislative Jobs Council - Mesilla Valley · NM Legislative Jobs Council. ... Compensating...