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COMPREHENSIVE ECONOMIC DEVELOPMENT STMTEGY for NYE COUNTY, NEVADA 1.2.2 Ini In^? Long the Mainst-Een Relatively Steady Over the Past Few Years

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COMPREHENSIVE ECONOMIC DEVELOPMENT STMTEGY for NYE COUNTY, NEVADA 1.2.2 Ini In^? Long the Mainst-Een Relatively Steady Over the Past Few Years NYE COUNTY AGENDA INFORMATION FORM Action Presentation P Presentation & Action - - --- , Agenda Date: I Category: Regular Agenda Item July 17,2007 IContact: Paula Elefante I phone: 775-751-1923 I Continued hmmeeting of: II ' Return Pahrump Pl1onc: to: Paula Eldank I Loention: I d Action requested: (Include what, with whom, when, where, why, how much ($) and terms) Discussion, deliberation, and possible decision to approve, amend and approve, or reject Nye County Resolution No. 2007-30: A Resolution adopting the Regional Economic Development Strategy as the Nye County Comprehensive Economic Development Strategy 2007. - - - - - I Complete description of requested action: (Include, if applicable, background, impact, long-term commitment, existing county policy, future goals, obtained by competitive bid, accountability measures) This is the annual updated document prepared by community representatives, to be sent to the Dept of Commerce, Economic Development Administration for review and approval. Once approved by EDA, EDEN would be able to apply for Federal grant funds on behalf of the county for infrastructure projects. I Any information provided after the agenda is published or during the meeting of the Commissioners will require you to provide 20 copies: one for each Commissioner, one for the Clerk, one for the District Attorney, one for the Public and two for the County Manager. Contracts Ior documents requiring signature must be submitted with three original copies. Expenditure Impact by FY(s): (Provide detail on Financial Form) - - - 1. Dept Date 6. Date ' HR Date 2. Date 7. I I1 I 3. Date 1 8. Legal Date I I I ll 4. Date 1 9. Finance I I I I 5. D~~C- 10. County Manager ld w~~da h.41.a? Board of Countv Commissioners Action GApprovedPisapproved 0 Amended as follows: I I I Clerk of the Board Date NYE COUNTY RESOLUTION NO. 2007-30 A RESOLUTION ADOPTlNG A REGIONAL ECONOMIC DEVELOPMENT STRATEGY AS THE NYE COUNTY COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY 2007. WHEREAS, an annual Comprehensive Economic Development Strategy Plan (CEDS) is i useful tool to plot Nye County's progress in meeting objectives and setting priorities for economic Jevelopment activities and to stimulate new private and public investments to provide employment ant growth opportunities; and WHEREAS, the Nye County Commission has appointed Nye County participants to thc Regional Comprehensive Economic Development Strategy (CEDS) Program Committee that ha: developed and adopted a Regional Comprehensive Economic Development Strategy that includes Nyc County; and WHEREAS, the Regional Comprehensive Economic Development Strategy Committee ha! recommended adoption of the CEDS by the Board of County Commissioners of Nye County; now NOW THEREFORE, BE IT RESOLVED, that the Board of Nye County Commissioners of the Count! ~f Nye, State of Nevada, does hereby accept and adopt the proposed CEDS Plan and authorizes i submittal to the U.S. Department of Commerce, Economic Development Administration. APPROVED this day of 2007. NYE COUNTY BOARD OF ATTEST: COUNTY COMMISSIONERS: Gary Hollis, Chairperson Sandra "Sam" L. Merlino, Nye County Clerk And Ex-Officio Clerk of the Board CaMPREHEhWLIVE ECONOMIIC OPMENT STRATEGY (CEDS) NYE COUNTY, NEVADA NYE COUNTY, NEVADA A regional Economic Development Strategy prepared by: I Ilnc. May 2007 COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA TABLE OF CONTENTS PAGE # WHERE ARE WE NOW? Population Trends 1 I1 . Migration 1.1.2 Age 1.1.3 Income and Poverty Historic Employment by Industry 1.2.1 Agriculture 1.2.2 Mining 1.2.3 Construction 1.2.4 Manufacturing 1.2.5 Transportation 1.2.6 Communications & Utilities 1.2.7 Wholesale and Retail Trade 1.2.8 Finance, Insurance & Real Estate (FIRE) 1.2.9 Services 1.2.10 Public Administration Labor Force 1.3.1 Growth 1.3.2 Workforce Participation Rates Profile of Geographic, Climatic, Environmental and Natural Resources I4 I Narrative Description of the Area 1.4.2 Environmental Analysis 1.4.3 Economic Development Players in Region ANALYSIS OF ECONOMiC DEVELOPMENT POTENTIAL Economic Base 2.4.1 Factors influencing Current Economic Climate - Leading Sectors 2.1.2 Status of Retail and Services 2.1.3 Comparison to Nevada and National Trends 2. I.3.1 Importance of Mining 2.1.3.2 Critical need for diversity 2.1.3.3 Lack of Employment and Economic Opportunity. 2.1.4 Analysis of Factors Influencing Current Economic Climate 2. I.4.1 Local Law and Development Policy COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA 2.1.4.2 Financial Services IResources 2.1.4.3 Transportation Systems 2.1 -4.4 Energy Costs 2.1.4.5 Business and Personal Tax Climate 2.1 -4.6 Bonding Capacity 2.1.4.7 Health Care Systems 2.1 .4.8 Housing 2.1.4.9 Educational and Vocational Training Capacity 2.1.5 Cultural and Recreational Opportunity 2.1.6 Environrnenbl Issues 2.1.6.1 Historic Presewation 2.1 -6.2 Hazardous Waste Contamination IManagement 2.1.7 Location Advantages 2. A.8 Comparison of *Sunset1'vs. 'Sunrisen Trends to Local and Regional Trend 2.1.9 Analysis of region's Strengths, Weaknesses, Opportunlies and Threats 3 WHERE DO WE WANT TO GO? (VISlON FOR 2OtZil 3. I Regional Vision 3.2 Examination of the Goals Record 3.3 Menu of Economic Devel~pmeIItStrategies Appropriate to Region Technology Corridor Strategy Public IPrivate Capital Formation Strategy Access to Markets via improved Air Transportation Strategy Entrepreneurial Development Program Strategy Systematic Business Retention I Expansion Strategy Targeted Market Strategy Employment and Training Services Strategy Nevada Test Site Contractor Business Development Strategy Waste Management Research and Development Strategy Renewable Energy Research and Development. Fiber Optic Broadband infrastructure Strategy Broadband Capacity Building Strategy Tourism and Recreation Strategy 3.4 Identify Key Impediments to Development that are Actionable 3.4. I Community Planning and Development. 3.4.2 Business Development Services. 3.4.3 Skill Training and Career Development. 3.4.4 Industrial Attraction. 3.4.5 Tourism and Recreation. 3.4.6 Agriculture Diversification. 3.4.7 Technology Corridor Program Development. COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA 3.4.8 Retirement Services. 3.4.9 Federal Facilities. 4 ACTION PLANS (COMMUNITY, COUNTY. REGIONALL 4. I Set General Development Strategy Priorities 4.2 Link Priorities to Strategies 4.3 Implementation Schedule 5 EVALUATION OF PMSPERFORMANCE. Establish Quantifiable Key Performance Measures Community Development Business Development Services Skill Training / Career Development Technology Corridor t ndustrial Attraction Tourism I Recreation Industry Agricultural Diversification Retirement Services Federal Facilities Strategy Performance Measures Economic Development Capacity Building Strategy Performance Measures. Identify Performance Calendar And Assign Responsibility for Evaluation Performance Plan Responsibility Performance Plan Calendar APPENDIX A - Regional Environmental and Development Conditions A-1 to A-29 APPENDIX B - Economic Development Players and their Capacities B-I to 6-5 APPENDIX C - Summary of Historic "Economic Development Goals" C-I to C-12 APPENDIX D - Regional Comprehensive Economic Development Committee D-I TABLES AND MAPS TABLE I-A Population Trends TABLE 1-B Growth Percentages TABLE 24 Migration Trends (Annual Estimates) TABLE 2-6 Migration Trends (Cumulative Estimates) TABLE 3-A Age Distribution Trends TABLE 3-6 Percentage of Population by Age TABLE 4 Income and Poverty Estimates COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA TABLE 5 Trends in Industry and Employment TABLE 6 Labor Force Trends TABLE 7 Labss Fore Participation TABLE 8 Housing Units TABLE 9 General Development Priorities TABLE 10 Project Priorities and Strategies TABLE A1 Vegetation Types in Nye County TABLE A2 Wildlife in Nye County TABLE A3 Flora and Fauna in Nye County TABLE A4 Grazing Allotments in Nye County TABLE A5 Herd Management Areas in Nye County TABLE A6 Wilderness Sudy/lnstant Study Areas in Nye County TABLE A7 Larger Public Water Supply System TABLE A8 Nye County School Enrollment MAP 1 rlevada and Regional Transportation MAP 2 rlevada Tourism Market Areas MAP A1 rlye County MAP A2 Uevada's Hydrographic Basins, Regions, or Watersheds MAP A3 Uevada Wind Resource Potential MAP A4 'ahrump Flood Zone Map MAP A5 rlevada Earthquake faults MAP A6 Uevada Earthquakes 1850 to 1998 MAP A7 Uational Forests, Wildlife Refuges and Conservation Areas MAP A8 Uevada Public Lands MAP A9 ierd Management Areas MAP A10 Nilderness Study Areas COMPR:EHENSIVE:ECONOMIC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA I WHERE ARE WE NOW? - Nye County, or more specificalb, PaRmmp, has grown at a tremendous rate. Nevada had been the fastest growing state in the nation for 19 consecutive years untif 2006 when they were just edged out uf the tile by .I%by Arizona, per the US. Census Bureau. The Pahrurnp area has grown at an average rate of 7.2% per year since the mid-1990s. Howey8r, the rest of the county has remined relatively stable with some towns experiencing a slight decline in population. TABLE I-A - POPULATIO# TRENDS TABLE I-B GROWTH PERCENTAGES Swm:WDept of Ta&w IWState f%mg@#r, NSBDGUNR COMPREHENSIVE ECONO1IIHC DEVELOPMENT STRATEGY FOR NYE COUNTY, NEVADA -- -- I I.I .I Mlgration: Mi population change in 6Iye county as it is for Nevada as a whole- TABLE 2-A MIGRATION TRENDS ANNUAL ESTIMATES OF THE COMPONEWS OF POPCILAT~ONCHANGE JULY 1,2004 TO JULY 1,2005 .- 1 NATURAL WCREASE NET MIGRATION GEOGRAPHIC AREA CHAt4GE 1 YE COUNTY 2,9911 -194 329 524 3,04 3,008 E OF NEVADA f 01,904 15,9311 33,924 17,9M 66,604 10,894 55,716 Sou-: Populatbn DivMon, US. Census Bureau. R&hmDaer Marrch 16,2cnl6 TABLE 2-B -MIGRATION - - - -. - -TRENDS. i CUMULATIVE ESTIWAG-QF:~~~:~~N-:BF:~UW~~HGHAMGE -1 1.I .2 Age: As is often true in rural areas, the population is aging. In the past I5 years, Nye County has seen a 9% increase in the seniar populafion.
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