Comprehensive Economic Development Strategy
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2007 CEDS Report Comprehensive Economic Development Strategy Comprehensive • Background and history of Abstract Context Economic Devel- the economic development situation of the area covered, Title: CEDS COMPONENTS opment Strategy with a discussion of the 2007 Comprehensive Eco- economy, including as ap- (CEDS) nomic Development Strategy • Analysis propriate, geography, popu- A Comprehensive Economic lation, labor force, resources, • Vision and the environment Development Strategy is Subject: the result of a local plan- • Action Plan ning process designed to • A discussion setting forth A comprehensive overview guide the economic growth goals and objectives for on the current condition and • Evaluation of an area. It provides a taking advantage of the op- future possibilities and strat- mechanism for coordinating portunities and solving the egies for economic develop- the efforts of individuals, economic development prob- ment in Hamilton County. This Report organizations, local govern- lems of the area serviced ments, and private industry concerned with economic • A plan of action, including Date: References: development. The strategy suggested projects to imple- July 2007 In addition to sources spe- should be utilized by local ment objectives and goals cifi cally identifi ed in this re- stakeholders as a guide to set forth in the strategy port, content from the 2004 the local economy and as a Synopsis: State of the County Report plan for how these groups • Performance measures Series and the 2005 Ham- can take action to improve that will be used to evaluate This report presents informa- ilton County Report Card, the regions economic out- whether and to what extent tion on the background and both researched and written look. goals and objectives have analysis of the current state been or are being met by the Hamilton County of Hamilton County, as well Regional Planning Commis- A CEDS is required to as a vision, including goals sion, were used extensively. qualify for federal Economic A successful CEDS process and objectives for the future. Development Administration should lead to the formula- Also included is an action (EDA) assistance under its tion and implementation plan format with a series Report prepared by: public works, economic ad- of a program that creates of projects to help guide justment, and most planning higher-skill, higher-wage development in the future. Hamilton County Regional programs and is a prerequi- jobs; raises income levels; Concluding the report is a Planning Commission site for designation by EDA diversifi es the economy; and list of partners and resources as an economic development improves the quality of life, as well as recommendations Project Staff: district (EDD). while protecting the environ- for performance measures. ment. The process should Caroline Statkus, AICP The CEDS must be the result adopt a logical approach Planning Services of a continuing economic de- to long-range development Report prepared for: Administrator velopment planning process, while identifying and imple- developed with broad-based menting short-term problem Hamilton County Develop- Clinton Smith and diverse community solutions to achieve early ment Company University of Cincinnati participation, and contain the results and maintain momen- 1776 Mentor Avenue Planning Intern following: tum and public support. Cincinnati, Ohio 45212 513-631-8292 Manning Baxter • An analysis of economic www.hcdc.com Miami University Planning and community development Intern problems and opportunities including incorporation of Source of Copies: Carol Kammer Clerical Specialist any relevant material or sug- Hamilton County Develop- gestions from other govern- ment Company Jay Springer ment sponsored or supported 1776 Mentor Avenue plans Graphics & Communica- Cincinnati, Ohio 45212 tions Specialist 513-631-8292 www.hcdc.com John Huth Senior Planner, Data Analyst COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY HAMILTON COUNTY COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY: 2007 CEDS Report HAMILTON COUNTY BOARD OF COUNTY COMMISSIONERS TODD PORTUNE President PAT DEWINE DAVID PEPPER COUNTY ADMINISTRATOR Patrick Thompson Prepared by: For Submission by: Hamilton County Regional Planning Hamilton County Development Company Commission (HCDC) 138 E Court Street 1776 Mentor Avenue Room 807 Cincinnati, Ohio 45212 Cincinnati, Ohio 45202 513-631-8292 513-946-4500 www.hcdc.com http://www.hamiltoncountyohio.gov/hcrpc/ David Main, President Ron Miller, Executive Director 2007 CEDS REPORT i COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY ii HAMILTON COUNTY, OHIO COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY Table of Contents Acknowledgements ........................................................................................................................................ i List of Figures ............................................................................................................................................... iv Executive Summary .......................................................................................................................................v Chapter 1: Hamilton County Today .....................................................................................................1 Chapter 2: Plan Coordination ...............................................................................................................5 Chapter 3: Process and Organization ..................................................................................................7 Chapter 4: Existing Conditions ...........................................................................................................11 Chapter 5: Strengths and Challenges .................................................................................................25 Chapter 6: Vision, Goals and Potential Strategies ............................................................................27 Chapter 7: Action Plan: Specifi c Projects .........................................................................................31 Chapter 8: Partners and Resources for Economic Development ....................................................47 Chapter 9: Performance Measures .....................................................................................................51 Appendix A: Status of 1997-98 OEDP Goals ........................................................................................53 2007 CEDS REPORT iii COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY List of Figures Figure 1: Jurisdictions ......................................................................................................................11 Figure 2: Population, Households, Housing Units, and Jobs ........................................................12 Figure 3: Consolidated Land Use Vision Concept ..........................................................................12 Figure 4: Change in Developed, Vacant, and Residential Land ....................................................13 Figure 5: Environmentally Critical and Sensitive Areas ...............................................................13 Figure 6: Percent Change in Population .........................................................................................14 Figure 7: Net Population Loss ..........................................................................................................14 Figure 8: Reasons for Moving or Considering Leaving .................................................................15 Figure 9: Population Projections .....................................................................................................15 Figure 10: Percent Population Gain/Loss by Age Group ................................................................16 Figure 11: Largest Employers Ranked by Total CMSA Employees ...............................................16 Figure 12: Largest Shopping Centers, Suburban Offi ces, and Industrial Parks ..........................17 Figure 13: Offi ce Square Footage and Vacancy Rates by Class ......................................................17 Figure 14: Percent Change in Total Employment ............................................................................18 Figure 15: Unemployment Rate .........................................................................................................18 Figure 16: Percent Share of Jobs .......................................................................................................19 Figure 17: Total Labor Force vs. Total Jobs .....................................................................................19 Figure 18: Employment: Percent Share by Sector ..........................................................................20 Figure 19: Industry Employment Projections ..................................................................................20 Figure 20: Median Family Income .....................................................................................................21 Figure 21: Median Home Value .........................................................................................................21 Figure 22: Housing Unit Change .......................................................................................................22 Figure 23: Housing Affordability .......................................................................................................22 Figure 24: School District Ratings .....................................................................................................23