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Comprehensive Economic Development Strategy, 2018

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Comprehensive Economic Development Strategy, 2018 GROWING THE ECONOMY OF SOUTHEASTERN MASSACHUSETTS Comprehensive Economic Development Strategy, 2018 Southeastern Regional Planning and Economic Development District Cover Photos and Conceptual Plans: Top left: Carver Business Park, (proposed), Somerset Wastewater Treatment Facility (as part of Somerset’s four planning initiatives). Bottom row, left to right: Payne-Elco Site, New Bedford. Leonard Street Business at I-495/Route 123, Norton (proposed). Brayton Point Redevelopment, Somerset and Marine Science and Technology Corridor Initiative, Cape Cod Commission and SRPEDD, South Coast. CEDS 2018 Prepared by the: Southeastern Regional Planning & Economic Development District (SRPEDD) 88 Broadway, Taunton, MA 02780 Tel: 508.824.1367 FAX: 508.823.1803 E-Mail: [email protected] Web Site: www.srpedd.org Deborah Melino-Wender, Chair, SRPEDD Commission Richard L. Shafer, Chair, Regional Economic Strategy Committee Jeffrey Walker, Executive Director Donald R. Sullivan, Community & Economic Development Director Stacey S. Royer, Office Administrator Approved by the SRPEDD Commission June XX, 2018 The preparation of this report has been financed in part through a grant[s] from the Economic Development Administration (EDA), U.S. Department of Commerce, under EDA’s Planning Program, Section 203 of the Public Works and Economic Development Act of 1965, as amended (42 U.S.C. Section 3121 et seq.) through the U.S. Department of Commerce financial assistance award 01-83-14247. The contents of this report do not necessarily reflect the official views or policy of the U.S. Department of Commerce. The Southeastern Regional Planning and Economic Development District (SRPEDD) states its policy to uphold and assure full compliance with Title VI of the Civil Rights Act of 1964, the Civil Rights Restoration Act of 1987, Executive Order 13166 and related federal and state statutes and regulations. Title VI prohibits discrimination in federally assisted programs and requires that no person in the United States of America shall, on the grounds of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be otherwise subjected to discrimination under any program or activity receiving federal assistance. Massachusetts law also prohibits discrimination based on race, color, and/or national origin, and SRPEDD assures compliance with these laws and related federal and state civil rights laws prohibiting discrimination based on sex, age, and/or disability. Individuals who feel they have been discriminated against in violation of Title VI must file a complaint within 180 days with the SRPEDD Title VI / Nondiscrimination Coordinator. SRPEDD also upholds the Massachusetts Public Accommodation Law, M.G.L. c 272 §§92a, 98, 98a, and the Governor’s Executive Order 526, section 4 which provide that access to programs, services and benefits be provided without regard to religious creed, sexual orientation, gender identity or expression, veteran's status and/or ancestry, along with the bases previously referenced. Public accommodation concerns can be brought to SRPEDD’s Title VI / Nondiscrimination Specialist. Complaints must be filed with the Massachusetts Commission Against Discrimination (MCAD) within 300 days of an alleged violation. For information or to file a complaint under Title VI or the state Public Accommodations law, the contacts are as follows: SRPEDD Lilia Cabral Title VI/Nondiscrimination Coordinator 88 Broadway Taunton, MA 02780 Phone: (508) 824-1367 Fax: (508) 823-1803 Email: [email protected] Web: http://srpedd.org The SRPEDD is equally committed to implementing federal Executive Order 12898, entitled “Federal Actions to Address Environmental Justice in Minority Populations and Low-Income Populations.” In this capacity, the SRPEDD identifies and addresses disproportionately high and adverse human health or environmental effects of its programs, policies, and activities on minority populations and low-income populations. The SRPEDD carries out this responsibility by involving minority and low income individuals in the economic development process and considering their economic development needs in the development and review of the SRPEDD’s economic development plans, programs and projects. Para solicitar una traducción de este documento al Español, por favor llame 508-824-1367. Para solicitar uma tradução deste documento para o Português,por favor ligue 508-824-1367 Table of Contents Chapter/Page I. Executive Summary I-1 A. Findings & Recommendations I-2 B. Facts About Southeastern Massachusetts I-4 C. The Regional Assets and Liabilities I-7 II. Analysis- State of the Economy II-12 Figure A. Regional Population Change, 2000-2010 II-12 A. Population and Labor Force II-13 1. Population II-13 2. Population and Racial/Ethnic Composition II-13 Table 1. Regional Population Racial/Ethnic Composition, 2000 & 2016 II-14 3. Regional Age Profile II-14 Figure B. Population Age Profile, 2000 & 2016 II-14 Figure C. Median Age Comparison, 2000-2016 II-14 4. Education II-15 Figure D. Educational Attainment, SRPEDD Cities, 2000 & 2016 II-16 5. Income II-17 Table 2. Household and Per Capita Income, 2000-2016 II-17 6. Commute to Work II-18 Figure E. Commute to Work, 2000 & 2016 II-18 Figure F. Means of Commuting to Work, 2000-2016 II-18 B. Economy II-19 1. Employment by Industry II-19 Figure G. 2005 & 2016, Regional Employment by Industry II-19 Figure H. Region vs. State Employment by Industry, 2016 II-20 A. Agriculture II-21 Table 3. Agriculture: Bristol County vs. State 1992-2012 II-21 B. Fishing II-21 Figure I. Commercial Fish Landings in New Bedford, 2000-2016 II-22 C. Patents Granted for Inventions II-22 Figure J. Number of Patents Granted, 2000 & 2015 II-22 2. Unemployment II-23 Figure K. Unemployment Trends in SRPEDD Sub-regions, 2000-2017 II-23 C. Housing II-24 Figure L. Number of Building Permits Issued, 2000-2016 II-24 Figure M. Trends in Sales of New Homes, 2000-2017 II-25 Figure N. Costs New Single-Family Homes, 2010 & 2017 II-25 D. Knowledge-Based Innovation Economy II-26 1. Innovation Index II-26 Figure O. Innovation Index, 2014 II-27 A. Input and Capacity Component of the Innovation Index II-27 Figure P. Inputs and Capacity Components of the Innovation Index, 2014 II-28 B. Output Measures of the Innovation Index II-28 Figure Q. Output Components of the Innovation Index, 2014 II-29 2. Knowledge and Technology–Intensive Industry Cluster Analysis II-30 Table 4. Innovation-Related Industry Clusters Employment, 2012 II-30 Figure R. Percent Share of Industries in Manufacturing SuperCluster, 2013 II-31 Figure S. Biomedical/Biotechnical Industry Cluster Percent of Employment 2001-2012 II-32 III. S.W.O.T. Analysis III-33 IV. Goals, Resiliency and Progress IV-35 V. Economic Resilience V-60 VI. Recommend EDA Projects VI-65 A. Program and Projected Selection VI-66 B. EDA Priority Project for 2018-2019 VI-66 VII. Evaluation Process VI-75 VIII. Implementation Plan VIII-81 IX. Organization and Management VIII-82 Background VIII-82 District Organization VIII-83 SRPEDD Commission Members 2018-2019 VIII-85 RESC Members 2018-2019 VIII-88 APPENDIX Appendix 1A: Community Demographic Profiles 2010 Appendix 1B: Socio-Economic and Housing Profiles of Communities, 2000, 2015 and 2016 Appendix 2: S.W.O.T. Analysis Appendix 3: Regional Economic Development, Transportation and Public Works Projects Appendix 4: Developed and Proposed Business and Industrial Parks I. EXECUTIVE SUMMARY Southeastern Massachusetts is a diverse region with a healthy mix of cities, suburbs, and rural areas. Our economy ranges from agriculture and fishing to high tech manufacturing and service businesses. Our geography includes hundreds of miles of coastline, the state's largest natural lakes, and thousands of acres of wetlands and forests. Southeastern Massachusetts is a fast growing region. With the large metropolitan areas of Boston and Providence to the north and west, respectively, and the enormously popular tourist destination of Cape Cod immediately to the southeast, southeastern Massachusetts is nestled among three generators of growth and economic activity. Despite having its identity often submerged by its three better-known neighbors, southeastern Massachusetts is a unique and special place. Its heritage, its people and its livability are unmatched anywhere and yet, parts of the region have remained the economic stepchildren of the state - always lagging behind in indicators of economic strength such as employment, income, education and new investment. The cities of southeastern Massachusetts - Attleboro, Fall River, New Bedford and Taunton - are typical examples of places that have been hurt by industrial disinvestment and relocation. Although traditional industries such as manufacturing have been on the decline in these cities for several years now, other industries have grown. The gradual increase in the region's retail trade and a wide variety of services are indicative of the area's economic potential and appeal to tourism. Meanwhile, advances and increased employment in health care and social assistance services are opportunistic and timely responses to the challenge confronting the community and its growing elderly population. SRPEDD Comprehensive Economic Development Strategy (CEDS) 2018 1 A. FINDINGS & RECOMMENDATIONS The economy of southeastern Massachusetts, especially along the South Coast, continues to lag behind the national and state economies. In 2017, the cities of New Bedford and Fall River had some of the state’s highest unemployment
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