Overview of Today’s Meeting 1. Project Status & Updates 6. Manufacturing in Kaua‘i Community Advisory Committee Meeting 7 Cheryl Soon, SSFM Mark Perriello, Kaua‘i Chamber of Commerce November 30, 2015 2. Economic Development in the 7. Maker’s Panel (facilitated by General Plan Melissa White, SSFM) 2:30 to 5:00 PM Melissa White, SSFM Bob Gunter, ��������� Moikeha Building Room 2A/2B, Planning Commission Room 3. Economic Snapshot of Kaua‘i Ann Hashisaka, Kaua‘i Kookie and Areas of Opportunity Taryn Rodighiero, Kai Kini Lisa Gibson, Rising Tide Economics 8. CAC Discussion 4. CAC Q&A 9. Public Comments 5. Economic Development 10. Next Meeting Initiatives for Kaua‘i a. George Costa, County Office of Economic Development b. Susan Tai Kaneko, Kaua‘i Economic Development Board 2
Project Update: Where We Are Today � Existing � Work Plan Conditions, � Community Issues & � Public Meetings Nov 2014- Opportunities Engagement April 2015 May 2015 � Policy Mar 2015 Strategy � CAC Kickoff Development � Media � Technical Paper Strategy Campaign Review � Website Project Update & CAC � Vision, Goals, � Administrative � Planning Schedule Policy Commission Draft Plan Development August- Review June 2015- � Public Review Fall 2016- � Ongoing CAC, September Draft � Council Review June 2016 Early 2017 Agency Briefing 2016 � Adoption � Community � Public Meetings Engagement WE ARE HERE 3 4
Chronological Schedule The Latest Month/Year GP Chapter CAC Topics Covered March 2015 1. Introduction CAC Kickoff and Introduction to the Process 1. The November place typing charrettes have been April 2015 2. Vision for the Future Demographic and Socioeconomic Data completed and materials posted on www.plankauai.com. These will inform community July 2015 2. Vision for the Future Proposed Vision for Kaua‘i 2035 visions and the land use map in the GP Update. July 2015 5. Planning for the Future Place Typing & Form-Based Code September 2015 5. Planning for the Future Status of 2000 General Plan Implementation 2. The GP policy development process is ongoing: Land Use Buildout Analysis Entitled Development • Updating GP Chapters and Policies October 2015 3. Protecting Natural & Natural, Historic & Cultural Resources • Meeting with agencies to identify key areas for new policy Cultural Resources Climate Change & Natural Hazards and implementing actions November 2015 5. Planning for the Future Economic Development • Consulting the CAC and community on draft policies January 2016 5. Planning for the Future Infrastructure (Water, Wastewater, Solid Waste) 3. Kaua‘i County officials participated in a Complete February 2016 5. Planning for the Future Transportation (vehicle, bicycle, pedestrian, transit) Streets Mobile Tour with Blue Zones in Portland and March 2016 5. Planning for the Future Tourism Seattle in October. April 2016 5. Planning for the Future Agriculture May 2016 6. Implementing the Vision Draft Land Use Map and Policies 4. Kaua‘i County was awarded a $13.8 M Federal TIGER June 2016 4. Providing for Healthy, Public Facilities and Social Equity Grant to improve bicycling, walking, and transit in Resilient, and Vibrant Implementation Tools & Fiscal Analysis Communities Monitoring & Performance Measures ����������������� 6. Implementing the Vision 7. Measuring Progress August-September 2016 Review of Draft Plan 5 6
How Economic Development Fits in to the GP Update: Economic development will be a sub-section of a Chapter that addresses how the County will plan for and accommodate growth. The Chapter includes: • Land Use • Housing • Economic Development • Public Facilities & Infrastructure Economic Development in the General Plan • Energy • Parks & Recreation Melissa White, SSFM International • Transportation A chapter on Healthy, Resilient Communities will address related topics: Entrepreneurism, Community Networks, Arts & Culture 7 8
Economic Development Policy Approach Key Issues & Elements of the GP Vision Baseline 2000 General Related to Economic Development: Plan Policies (Chapter 4) Inputs • Cost of Living Most Recent Tourism Comprehensive Economic GP Technical Agriculture Plan Data: DBEDT, Strategic Plan Economic Snapshot of Studies (2016) • Opportunity for All to Live, Work, and Thrive in US Census (2015) Development Kaua‘i (CoEcon Strategy Update 2015) Kaua‘i (2016) Stakeholder, CAC, • Need for a More Diverse and Vibrant Economy & Community Input • Vibrant Towns and Healthy Communities • Kaua‘i Kakou: Sustainability and Stewardship of Absorb Lessons Resources Analysis New Best What’s Endured, What Worked, Practices and What’s Changed What Didn’t Source: Issues and Opportunities Paper for the Kaua‘i General Plan Concepts Update, Chapter 4.0 (posted online at www.plankauai.com) Policies and implementing actions in the GP Update Result 9
2000 General Plan Policy Approach: How the 2000 General Plan Treated Economic Development Chapter 4 “Developing Jobs and Businesses” contains policies for Economic Development. • Policies emphasized diversifying Kaua‘i’s economy to It includes the following sections related to economic increase economic resilience development: • Diversification strategy seeks to encourage higher- • 4.1 – Diversifying the Economy paying jobs that provide a living wage. • 4.2 – Visitor Industry • Areas of greatest promise identified as agriculture, • 4.3 – Agriculture aquaculture, and high technology. • 4.4 – High Technology • Called for concentrating commercial and industrial • 4.5 – Supporting Businesses and Jobs for Kaua‘i Residents development in major towns and job centers. • 4.6 – Land Supply for Commercial & Industrial Uses • Recognized that commercial and industrial lands were The chapter addresses Airports and Harbors as well. adequate islandwide, but deficient in some districts. 11 12
What’s Endured & What’s Changed Comprehensive Economic Since the 2000 GP Development Strategy What’s Endured What’s New • Prepared by the State 2010 economic clusters • Tourism remains the primary • Macroeconomic events (9/11, Great economic driver Recession) and each County for investment: • Agriculture is a major area of • CEDS updated every 5 years (last in • Health and Wellness economic promise 2010); identifies clusters and priority • Updated every 5 years projects • Technology remains a promising • Food and Agriculture • Proliferation of shared economy & • Last updated in 2010 cluster • Culture and Arts incubators • Kaua‘i is still vulnerable to global and • 2015 update underway • National and State level focus on regional fluctuations (disasters, • Sports and Recreation recessions, energy prices) and new revitalizing manufacturing threats exist (climate change, • Science and • Identifies industry • Convergence as strategy to cyberterrorism) Technology complement economic clusters and projects for • Transportation to and from Kaua‘i diversification • Sustainable remains expensive Kaua‘i • Buy Local and Makers Movements Technologies and • Focus on revitalization of town cores • Creative industries taking • Anticipated for release and compact development Practices prominence alongside tech • Commercial and industrial lands in spring 2016 • Increased income inequality, rising ������������������������������� cost of living in relation to income • Significant shifts to renewable energy sources have been made 13 14
Recent Data: Economic Highlights for Kaua‘i Recent Data: Kaua‘i Real Estate Market • Declining unemployment rate (Down 4.3% in Dec. Real Estate Market (Year-end 2014 from a high of 8.8% in 2014)*: June 2009)* Retail Vacancy: 16.49% • 2015 Real personal income forecasted to grow by 3.6% Office Vacancy: 14.36% over 2014** Industrial Vacancy: 2.25% • GE Tax Revenues up 13% Single-family median home between 2013-2014 prices rose 66.67% from • Visitor air arrivals increased $525K to $875K from 2013-14 0.3% in 2014 to 1,117,703 Condo prices rose 28.6%, over 2013*** from $311K to $400K • Average daily visitor census Major commercial real estate for 2014 was 23,589*** investments jumped in 2014, with sales of $483.95 M *Colliers International Year-end Market Report (2014) **University of Hawai‘i Economic Research Organization (2014) *** State Department of Business, Economic Development, and Tourism *Colliers International Year-end Market Report (2014) 15 16
Economic Snapshot of Kaua � i and Areas of Opportunity Economic Snapshot of Kaua‘i and Areas of Opportunity Lisa Gibson, Rising Tide Economics November 30, 2015 Lisa Gibson, Rising Tide Economics Rising Tide Economics 17
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