Adapting to changing business needs Lydeana Martin Floyd County - PowerPoint PPT Presentation

Lightning Round 2 Flexible Floyd: Adapting to changing business needs Lydeana Martin Floyd County

Economic Gardening in Floyd Helping people grow companies Source: Edward Lowe Foundation Lydeana Martin, AICP lmartin@floydcova.org 540 745-9300

Business Stages Stage 1 2 3 4 5 Staff 1-10 11-19 20-50 51-99 100+ Focus Start Run Scale Growth ROI Needs Money, Space, Workforce Info, Direction, Leadership, Continue Time, Marketing, Delegate, Systems, Innovation, Leads Service Turnover, Differentiate, Coordination Collaboration

Money and Space • Money: Floyd 5 & 10 Small Business Loan Program: • $ Revolves, Policy Evolves • Space: Next… Floyd Innovation Center Floyd Growth Center & Building 1 4,600 to 8,600 SF spaces Office to 4,500 SF spaces

Workforce • Training: • Accessing Community College Education (ACCE) • High School Career Fair • Next Floyd Collaboration & Career Development Center (CCDC) for Youth and Adults • Housing: • Habitat Townhomes • Rehab • Mixed Use??

Helping Stage 1 Companies Grow Technical Assistance & Mini-grant Farm, Food, Forestr

Stages 2 & 3 Growthwheel

Stage 4+: Helping ROI (grant seeking)

Number of Business Establishments in Floyd Co Floyd Innovation Center Floyd C4

Lightning Round 2 We All Count: The 2020 Census challenge Jennifer Harris Montgomery County

2020 CENSUS March 12, 2020 Montgomery County Complete Count Committee Co-Chairs Emily Gibson, gibsonej@montgomerycountyva.gov Jen Harris, harrisjt@montgomerycountyva.gov

THE CENSUS  Conducted every 10 years since 1790.  Everyone counts and they count where they are on April 1, 2020.  Every resident missed in the count = a $2,000 loss to our community annually over the next 10 years .  Primarily web-based this year.

MONTGOMERY COUNTY GOALS  Get all residents counted!  Secure our portion of the $675 billion available for education, public safety, healthcare, and much more.

MONTGOMERY COUNTY CHALLENGES  Get all residents counted!  Secure our portion of the $675 billion available for education, public safety, healthcare, and much more.  Awareness – what it is and what it is not.  Outreach – reaching all populations.

MONTGOMERY COUNTY CENSUS PARTNERS  We all have a stake in this - Complete Count Committee

MONTGOMERY COUNTY CENSUS NEXT STEPS  Help spread the word:  Social media platforms,  Listservs,  Newsletters,  Bulletins,  Etc.  Get counted!

QUESTIONS? Montgomery County Complete Count Committee Co-Chairs Emily Gibson, gibsonej@montgomerycountyva.gov Jen Harris, harrisjt@montgomerycountyva.gov

Lightning Round 2 Help Wanted: The most in demand skills in the region Zach Jackson Virginia Tech Office of Economic Development

IN-DEMAND OCCUPATIONS IN THE NRV ZACH JACKSON, VIRGINIA TECH OFFICE OF ECONOMIC DEVELOPMENT MARCH 12, 2020

2.2% -3.6% 1.9% 15.5% 60+ 0-24 25-59 Overall (2012-2017) (2012-2017) (2012-2017) ( 2012-2017 ) NRV: BY THE NUMBERS 120,000 100,000 • Mild Population Growth from 95,848 80,000 92,605 89,233 60,000 2012-2017 3.5% Expected 40,000 3.8% Growth • Recent Job Growth Growth (2015-2020) 20,000 (2020-2025) Projected to Accelerate over 0 2015 2020 2025 next Five Years 70 • Aging Workforce, Falling 60 57.4 50 Labor Force Participation 40 58.6 57.7 51.4 61.9 57.4 30 20 10 0 Floyd Giles Montgomery Pulaski Radford

WHAT’S IN DEMAND? Top 10 In Demand Occupations at or below $15/hr. Top 10 In Demand Occupations at or above $15/hr. Med. 2020-2025 Med. 2020-2025 Ann. 2019 2020 Ann. 2019 2020 Occupation Hourly % Job Occupation Hourly % Job Openings Hires Jobs Openings Hires Jobs Wages Change Wages Change Assemblers and Fabricators, Cashiers 442 2,584 $9.40 2,361 -2% 7% 449 1,815 $16.00 3,217 All Other Combined Food Preparation Postsecondary Teachers 290 1,033 $32.57 3,439 0% 380 2,696 $9.06 1,912 6% and Serving Workers , Including Fast Real Estate Sales Agents 186 60 $19.66 1,712 4% Food Secretaries and Retail Salespersons 328 1,705 $10.60 2,225 -1% 143 540 $15.84 1,252 -1% Administrative Assistants, Janitors and Cleaners, Except Except Legal, Medical, and Executive 254 1,083 $13.29 1,840 2% Heavy and Tractor-Trailer Maids and Housekeeping Cleaners 120 448 $16.90 872 7% Truck Drivers Waiters and Waitresses 241 1,802 $9.74 1,222 1% First-Line Supervisors- Retail 116 397 $18.09 1,023 0% Sales Workers Office Clerks, General 237 982 $13.92 1,947 0% Bookkeeping, Accounting, 111 467 $16.49 926 0% Laborers and Freight Stock, 170 1,108 $11.68 1,001 9% and Auditing Clerks and Material Movers, Hand Maintenance and Repair 3% 107 436 $16.48 1,012 Customer Service Workers, General 165 854 $13.97 1,189 -2% Representatives Electrical, Electronic, and Farmers, Ranchers, and Electromechanical 89 189 $16.55 717 3% Other Agricultural 163 47 $11.48 1,657 -4% Assemblers, Managers Except Coil Winders, Tapers, and Finishers General and Operations 80 332 $45.52 793 5% Personal Care Aides 151 607 $8.95 793 16% Managers

WHO’S DEMANDING? 5. Professional, Scientific, and Technical Services 4. Transportation and 536 People 1. Construction Warehousing Employed In In-Demand Occupations 3,121 People 718 People Employed in Employed in In- 4% Employment In-Demand Occupations Demand Occupations Growth Expected Over Next 5 Years 4% Employment 2% Employment Growth Expected Growth Expected Over Next 5 Years. Over Next 5 Years 2. Government Shared Needs with Transportation 2,267 People and Warehousing, Manufacturing, 3. Manufacturing Employed in In- Government, and Professional, Demand Occupations 918 People Scientific, and Technical Shared Needs with Employed in In- Services. Demand Occupations Professional, Scientific, and Technical Services 5% Employment Growth Expected Over Next 5 Years -3% Employment Decline Shared Needs with Expected Over Next 5 Construction and Years Transportation

4,000 3,688 3,617 3,499 3,000 2,000 1.9% Expected 3.4% Growth Growth (2015-2020) 1,000 (2020-2025) DEEP DIVE: - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Construction • Increasing number of Job Postings, Hires, and 2,593 4,537 1,205 Openings Job Postings Annual Openings Hires • Opportunities at all skill and (For Construction Related (2019) (2019) Occupations, 2019) education levels; $30+/hr. $29.44 Avg. 175 Openings $25/hr. • However, wages tend to $20/hr. $19.68 Wages (Weighted correspond with $15/hr. Regional Median Wage) $10/hr. qualification $19.86 Avg. 347 Openings $5/hr. $14.60 Avg. $13.39 Avg. 553 Openings $0/hr. 141 Openings Less than H.S. or Postsecondary Bachelor’s Highschool Award Degree Equivalent Entry Level Education

10,244 31% 8% 23% (100%) (2,536) (820) (3,176) 2019 Employment 45+ 55+ 65+ (For Top 25 Construction (2019) (2019) (2019) BUILDING THE Occupations) TRADES PIPELINE: • Growing Percentage of 8 560 230 3,724 Construction Works Students Enrolled in Students Entering the Students Enrolled in High Schools Offering Approaching Retirement Construction and Workforce Following Construction CTE 2-Year Postsecondary Related CTE Programs Graduation Programs Programs Age 12 Programs • Postsecondary Education is 1,180 Completions 1,180 Students Completed these 12 two-and-four-year Programs the Leading Choice for High Related to In-Demand Construction Programs in 2018, Marking a Slight Occupations Increase from 2017 Figures School Graduates 3 Institutions 10 Occupations • Most Construction Program Virginia Tech, Radford, 10 Occupations Completers Graduate from and NRCC offer Align with these Programs related Programs with Virginia Tech to In-Demand 522 Openings Construction In 2019 Occupations

Thank You! Any Questions? Zachary Jackson, Economic Development Specialist 702 University City Blvd. Blacksburg VA, 24061 (540) 231-6669 zachj@vt.edu

Lightning Round 2 40 by 30: A Vision for Pulaski County Jonathan Sweet Pulaski County

40-by-30 Pulaski County, VA 40,000 Population by the Year 2030 A Comprehensive Initiative where we Grow our Local Economy by Meaningfully Investing in our Community Jonathan Sweet, ICMA-CM County Administrator

PULASKI COUNTY, VA Outdoor Adventure / Rich History / Live Music / International Business / Lake Life https://vimeo.com/239628844?outro=1&ref=fb-share

PULASKI COUNTY, VA HOME TO: • 9 International Companies • Volvo, Korona, Phoenix • Claytor Lake & State Park • The New River • New River Trail State Park • NRV Regional Airport • Fine Arts Center of the NRV • NRV Commerce Park • Motor Mile Speedway • The Yankees & Calfee PArlk • The Pulaski Theater • Peter Dye River Course of VT • The NRV Fairgrounds • Randolph Park • Gatewood Park • New River Community College • New River Valley Business Center

40-by-30 Pulaski County, VA Growing our Population and our Economy through Significant and Meaningful Investments in: • Public Education • Quality of Life and Outdoor Recreation Assets • Economic Development and Job Creation • Residential and Commercial Development