Southern Vermont Economic Development Zone
Transcript of Southern Vermont Economic Development Zone
Southern Vermont Economic Development Zone
Southern Vermont Timeline
EarlyCollaborations
• Pre-floodcollaboration:MollyStark
• FloodRecoveryEfforts• CDBG-DR• SoVermontMarketing
PlanningTogether
• 2015SouthernVermontZoneestdbylegislature
• 2015ZoneReportissued• 2017USDARCDISouthernVTEconomyProjectFunded
• 2017SouthernVTJointCEDSprocessapproved• 2018CEDSfundedbyEDA
CurrentCollaborations• USDA RCDI funded SVEP – capacity building
including Economic Development Summit
• 2018 USDA RBEG SoVermont
• 2018 DOL Internship
• 2019 CEDS
• 2019 CEDS Project acceptance, review & ranking
• SouthernVermontEconomicSummit
WHY?
SouthernVermontChallenges• ShrinkingPopulation(FasterthanVermont)
• ACCDProjection-down3.5%by2030(RestofVT-Downby.5%)• AgingPopulation
• ACCDProjection-30%ofPopulation>65by2030(2010Census-17.6%)
• JobsUnfilled,YetPeopleLooking• Dec2013-Dec2014VTJobLink7028positions-3805JobSeekers• However,netemploymentonlyroseby500(+650Windham,-150Bennington)
• TourismRevenuesReboundingMoreSlowlyThanNorthernVT• Rooms&MealsTaxReceipts(NWVT-+35%;SouthernVT-+11%)• RetailSales(NWVT+4%;SouthernVT-11%)
Southern Vermont Economic Development Zone Formed by VT Legislature
**SouthernVermontEconomicDevelopmentZone***
Sec.F.2.FINDINGSANDPURPOSE(a)TheGeneralAssemblyfinds:(1)theAgencyofCommerceandCommunityDevelopmentprojectsthatthe44VermonttownsservedbythetwomostSouthernregionaldevelopmentcorporationsandregionalplanningcommissionsinVermontwilllose3.5percentoftheirpopulationby2030andthatthetotalpopulationofofageinthiscombinedregionwillincreasefrom17percentin2010to30percentin2030;(2)thenumberofvisitorstotheSouthernVermontvisitorcenterhasdecreased25percentsince2006;(3)since2006,growthintheregion’sroomsandmealstaxis10percent,ascomparedto25percentintheChittendenCountyregion;(4)therateofresidentialconstructionintheregioniscurrentlyhalfoftheprerecessionlevel;(5)thetwoSouthernVermontregionshavecollaboratedonbusinessrecoveryprogrammingafterTropicalStormIrene,includingdevelopmentofindividualizeddowntownandvillagerevitalizationplansanddevelopmentoftheSouthernVermontSustainableMarketingprogram;and(6)thetworegions,havingalsoworkedtogetheronsomeworkforcedevelopmentandinternshipinitiatives,areseekingtoestablishamoreformalstructurefortheirworkforceandrecruitmentefforts.
(b)ThepurposesofSecs.F.3andF.4ofthisactare:(1)toestablishofficiallyaSouthernVermontEconomicDevelopmentZonecomprisingofthegeographicareasservedbytheBrattleboroDevelopmentCreditCorporationandtheBenningtonCountyIndustrialCorporation;and(2)toestablishastudycommitteethatwillassisttheGeneralAssembly,theGovernor,andpartnerswithintheZoneinestablishingareplicableframeworkforregionalcooperationbyandbetweenpublicsectorandprivatesectorpartnersconcerningeconomicdevelopmentinitiatives;workforcetraining,retention,andrecruitment;andsustainablebusinessinvestment.(c)(1)TheGeneralAssemblyacknowledgesthechallengesinSouthernVermontandintendsforthisformaldesignationtoaccelerateeconomicdevelopmentinitiativesthatareunderwayorareneededinthefuture.(2)TheGeneralAssemblydoesnotintendthattheZoneincurrentorfutureyearswillbearecipientofGeneralFundappropriations.Rather,theintentoftheZoneistocoordinatetargetedinvestmentthroughpublic-privatepartnershipsfromotherfundingsourcesifavailableandtofacilitateeconomicgrowththroughregionalcooperation.
Southern Vermont Economic Development Zone
CommitteeConvenedZoneCommitteemembers●Governor'sappointee:WayneGranquist,Weston(CommitteeChair);●Speaker’sappointees:○fromBenningtonCounty-MichaelKeane,Bennington;○fromWindhamCounty-LisaSullivan,Wilmington;●Senateappointees:○fromBenningtonCounty-Dr.MarikoSilver,BenningtonCollege;○fromWindhamCounty-TomCain,Brattleboro;○fromBrattleboroDevelopmentandCreditCorporation-AdamGrinold;○fromWindhamRegionalPlanningCommission-ChrisCampany;○fromBenningtonRegionalDevelopmentCorporation-PeterOdierna;○fromBenningtonRegionalPlanningCommission-BillColvin.
ReportIssuedDec2015
SoVermont Collaborations
Molly Stark Byway
Tropical Storm Irene Flood Recovery
• TheCreationofBusinessResourceServiceCenters
• AssistancewithDowntownandVillageCenterRevitalizationPlanning
• DevelopmentofaSouthernVermontSustainableMarketingStrategy
• CDBG&EBAC
WindhamRegionalCommission(WRC)andBenningtonCountyRegionalCommission(BCRC),alongthecorrelatingRegionalDevelopmentCorporations,theBrattleboroDevelopmentCreditCorporation(BDCC)andtheBenningtonCountyIndustrialCorporation(BCIC)appliedforandreceivedfundingfromtheU.S.EconomicDevelopmentAdministrationDisasterRecoveryGrantprogram.inDecemberof2012.
Wilmington,VTduringTropicalStormIrene.Photo–BurlingtonFreePress
CDBG-DR Helping Small Businesses & Their Employees to Recover
CDBG-DR:AfterTropicalStormIrene,BDCC,withtheSpringfieldRegionalDevelopmentCorporation,administeredtheCDBG-DRBusinessAssistanceProgramtoWindhamandWindsorcountiestoaddressdocumentedunmetrecoveryneeds.Businessownersparticipatedinacompetitiveprocess.Over$2mmwasawardedto63businessesforfacility,equipmentandsiterepair,cleanupandrestorationneededtorestartdamagedbusinesses.Thiscombinedwithleveragedfundingfromcharities,businessowners,andregionalandstatepartnersbroughtover$8mmtoCDBG-DRefforts.Approximately2/3ofrecipientswereLow-to-ModerateIncome.
SoVermont: A Regional Marketing Campaign to Attract New Visitors & Residents Post-Disaster+
SecuredFundingtoDevelopFundamentals:
• Brandlogo,lookandtagline• Strategybuilding(web,print,billboardmarketing)
• Research–whatis“SoVermont”?!
• “Sustainable”collaborativeapproach(beingusedtoday)
USDA RCDI: Southern Vermont Economy Project
• CapacityBuildingfortheregion,targetedtothemosteconomicchallengedcommunities:
• Coreactivities:Specialconferences,webinars,trainings
SVEP In 2016 BDCC was awarded $230,000 from the USDA Rural Community Development Initiatives to increase economic development capacity in Windham and Bennington Counties, one of 23 RCDI awards nationally. BDCC provided training, webinars, small conferences and technical assistance, on a variety of topics. Its largest event, the SoVermont Economic Development Summit had over 200 attenders last year and won an international best practices award in 2018 from the International Economic Development Council (IEDC).
SVEP Southern Vermont Economy Project
• SmallConferences:• FinancingtheWorkingLands• Grantwriting• ConnectivitySummitsI&II
• DozensofWebinarsandtrainingsonline
• TargetedtrainingsforTownOfficials
SVEP: Annual Economic
Development Summit
USDA RBEG SoVermont Marketing 2018-2019
SoVermontSustainableMarketing&RecruitmentProject• Basedonusingsharedbrandandcross
connectionstoincreaseawareness,audienceandimpact.
• OneexampleofanemployerusingthebrandandlinktoSoVermont.cominrecruitmentcommunications.
COLLABORATIVEMARKETINGPARTNERSBenningtonCollegeSouthwesternVermontHealthCare,BenningtonDorsetTheatreFestival,DorsetMSKEngineering&Design,BenningtonDaileyPrecast/PeckhamIndustries,ShaftsburyTPWRealEstate,ManchesterTownofBennington,BenningtonTheBankofBennington,BenningtonMegStreeterRealEstate,WilmingtonGreenRiverSoftware,Brattleboro
MondoMediaworks,BrattleboroNewChapter,BrattleboroMountSnow,DoverBartleby’sBooks,WilmingtonBrattleboroRetreat,BrattleboroWilmingtonWorks,WilmingtonNECCACircusArts,BrattleboroHermitThrushBrewery,BrattleboroCommonwealthDairy,BrattleboroMarlboroCollege
Vt DOL 2019 SoVermont Paid Internships
• BDCChasamatureprogramwithdozensofparticipatingbusinessesandoutreachtoalmost30campusesandjobfairsannually
• BCRC/BCIC&BDCCarenowworkingtogethertoimplementbestpracticesinBenningtonbasedonBDCC’sprogram,toraiseinternactivityacrossSouthernVermont
94 BDCCInternsdirectlyplacedlastyear25% offered&acceptedemploymentafterinternship
$55,000 earnedbyBDCCInternslastyear
EDA Joint CEDS (Comprehensive Economic Development Strategies)
• 15PublicMeetingsin
• 5locationsaroundtheZone
• 8SectorFocusGroups
CEDS Annual Project Submissions & Rankings
Why Work Together?
• “SouthernVermont”isnotasingleentity,butratherabroadregionalcollaborationofRPC’s,RDC’ssimilartotheNorthernDistrictandtheWindsor/Centralregion.
• Weeachhaveuniqueneedsinourregionsthatneedlocalregionalfocusandtheindividualorgsstillhaverolesandresponsibilities
• TheRDCswillstillusetoolslikeVTPandVEGItoexpandoureconomicimpact
• Butwealsoseeopportunitiesthat,byworkingtogether,wecantakeadvantageofbecauseofourSCALEandCAPACITY.
• TheZONEgivesusmoreTOOLS,andinruralregionaleconomicdevelopmentwehavesofew
What’s next for Southern Vermont?
NowthatwehaveaCEDSplanwehavemoreabilitytoaccessresources
usingourlargerscaleandcapacity,suchas
forminga
NorthernBordersLocalDevelopmentDistrict,whichcan
serveas
EDA-EDD(EconomicDevelopment
District)oncethat’sapproved