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Comprehensive Economic Development Strategy Update 2009

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Comprehensive Economic Development Strategy Update 2009 Comprehensive Economic Development Strategy for Missouri’s Boonslick Region Presented to U.S. Department of Commerce, Economic Development Administration Prepared by Boonslick Regional Planning Commission August 2009 TITLE: Boonslick Regional Planning Commission‐ Comprehensive Economic Development Strategy, 2009. AUTHORS: Steve W. Etcher, Executive Director Jason Schantz, Planner Krishnapriya Kunapareddy, Planner PUBLICATION DATE: August 2009 ABSTRACT: This document is the Comprehensive Economic Development Strategy for Boonslick Regional Planning Commission, 2009 that was originally authored in 1998 and updated in 2002. This document serves as a tool to improve coordinated economic development in the Boonslick Region, and build upon the resources and efforts of the region to improve the quality of life and make the Boonslick Region a great place to live, work, and conduct business. FOR ADDITIONAL Boonslick Regional Planning Commission INFORMATION PO Box 429 CONTACT: Warrenton, MO 63383 Ph: (636)456‐3473 Fax: (636)456‐2329 www.boonslick.org This report was prepared by Boonslick Regional Planning Commission under award number 05‐83‐04396 from the Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author and do not necessarily reflect the views of the Economic Development Administration or the U.S. Department of Commerce. Boonslick Regional Planning Commission Comprehensive Economic Development Strategy Table of Contents TABLE OF CONTENTS EXECUTIVE SUMMARY .............................................................................................. i SECTION 1‐ Introduction .......................................................................................... 1 Legal basis for planning .............................................................................................. 3 BRPC Member Governments ...................................................................................... 6 Programs and Services ............................................................................................... 8 Missouri Career Center .............................................................................................. 8 SECTION 2 – Geographic Profile ............................................................................. 10 History of the Region ............................................................................................... 10 Geography, Geology, and Climate ............................................................................. 15 Land Use ................................................................................................................ 15 Farms ..................................................................................................................... 17 Natural Resources ................................................................................................... 17 Air Quality .............................................................................................................. 19 Environmental Constraints ....................................................................................... 19 SECTION 3‐ Demographic Profile ........................................................................... 20 Population Trends ................................................................................................... 20 Births, Deaths, and Migration (1990‐2000) ................................................................ 21 Age Profile .............................................................................................................. 22 Income ................................................................................................................... 27 Education ............................................................................................................... 29 Housing .................................................................................................................. 33 Labor Force ............................................................................................................ 37 Commuting Patterns................................................................................................ 39 Unemployment Trends ............................................................................................ 41 Employment Trends ................................................................................................ 41 Establishments ........................................................................................................ 42 SECTION 4‐ Economic Profile ................................................................................. 45 Employment in various industries ............................................................................. 45 Wages .................................................................................................................... 50 Layoffs/Workforce reductions .................................................................................. 51 Retail Sales ............................................................................................................. 55 Assessed Valuation .................................................................................................. 56 SECTION 5‐ Infrastructure Capacity ....................................................................... 58 Transportation ........................................................................................................ 58 Sewer and Water Facilities ....................................................................................... 62 Electricity and Natural gas ........................................................................................ 63 Telecommunications ............................................................................................... 63 August 2009 i Boonslick Regional Planning Commission Comprehensive Economic Development Strategy Table of Contents Recreation Facilities ................................................................................................ 64 Health Services ....................................................................................................... 65 Crime ..................................................................................................................... 67 SECTION 6‐ Issues Covered .................................................................................... 69 Existing Plans .......................................................................................................... 70 Economic Development Partners and Resources ....................................................... 71 Regional Growth Centers ......................................................................................... 73 SWOT Analysis ........................................................................................................ 76 SECTION 7‐ Vision, Goals & Objectives .................................................................. 79 Goals ..................................................................................................................... 79 Objectives .............................................................................................................. 79 Prioritization of Action Plans .................................................................................... 80 SECTION 8‐ Evaluation ........................................................................................... 86 Summary ................................................................................................................ 86 Evaluation Criteria ................................................................................................... 86 APPENDICES .............................................................................................................. i BIBLIOGRAPHY .......................................................................................................... i August 2009 ii Boonslick Regional Planning Commission Comprehensive Economic Development Strategy Executive Summary EXECUTIVE SUMMARY The main aim of the Comprehensive Economic Development Strategy (CEDS) process is “to create jobs, foster more stable and diversified economies, and to improve living conditions” 1. A CEDS is required to qualify for Economic Development Administration (EDA) assistance under its public works, economic adjustment, and most planning programs, and is a prerequisite for designation by EDA as an economic development district (EDD). This 2009 Comprehensive Economic Development Strategy is designed to guide the region’s economic growth by fostering a more stable and diverse economy, assisting in the creation of jobs, and improving the overall living conditions in Lincoln, Montgomery and Warren counties. It also provides a mechanism for coordinating the efforts of individuals, organizations, local government, and private industry concerned with the region’s economic development. This plan further, integrates with the State’s economic development priorities and workforce investment strategies. CEDS Goals & Objectives I. Promote regional prosperity I.1. Increased retention and expansion of existing businesses I.2. New business attraction and entrepreneurial development I.3. Diversified economic base I.4. Enhanced public private partnerships to address regional development needs I.5. Improved circulation of dollars within the region
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