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Metrohartford CEDS Trend Analyses

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Metrohartford CEDS Trend Analyses THE METRO MOVING THE REGION FORWARD HARTFORD REGION A Comprehensive Economic Development Strategy: Part II - Trend Analyses prepared by Connecticut Economic Resource Center, Inc. - October, 2012 MOVING THE REGION FORWARD 1 Table of Contents The Metro Hartford Region .................................................................................................................................................. 2 Demographic Analysis ............................................................................................................................................................ 9 Economic Trends - Recession and Recovery Update ............................................................................................ 23 Workforce Trends .................................................................................................................................................................. 24 Business and Real Estate .................................................................................................................................................... 28 Occupational Projections 2008-2018 ........................................................................................................................... 34 Industry Analysis ................................................................................................................................................................... 37 Municipal Fiscal Analysis Summary .............................................................................................................................. 38 Themes from Stakeholder Interviews.......................................................................................................................... 42 APPENDIX A: Town Groupings by Population Size ............................................................................................... 44 APPENDIX B: Municipal Fiscal Analysis ...................................................................................................................... 45 APPENDIX C: Strategic Projects ...................................................................................................................................... 64 APPENDIX D: MetroHartford Regional Goals and Action Steps Matrix ....................................................... 74 APPENDIX E: Stakeholder Interview List ................................................................................................................... 75 APPENDIX F: Meetings ........................................................................................................................................................ 76 APPENDIX G: Capital Projects ........................................................................................................................................103 APPENDIX H: Steering Committee Participants ....................................................................................................204 APPENDIX I: Integration of EDA Objectives and HUD Livability Principles ............................................205 METROHARTFORD REGIONAL OVERVIEW 2 The Metro Hartford Region The region used for this analysis is the metro Hartford region – a set of thirty-one municipalities located in north central Connecticut. Below are the individual municipalities that make up the region: 1. Andover 11. Enfield 21. Simsbury 2. Avon 12. Farmington 22. Somers 3. Bloomfield 13. Glastonbury 23. South Windsor 4. Bolton 14. Granby 24. Stafford 5. Canton 15. Hartford 25. Suffield 6. Cromwell 16. Hebron 26. Tolland 7. East Granby 17. Manchester 27. Vernon 8. East Hartford 18. Marlborough 28. West Hartford 9. East Windsor 19. Newington 29. Wethersfield 10. Ellington 20. Rocky Hill 30. Windsor 31. Windsor Locks The metro Hartford region not only includes Hartford, the capital of Connecticut, but also the state’s largest airport, Bradley International Airport, rail lines and highways. Figure 1 shows the major transportation attributes for the region. Figure 1: Metro Hartford Region Transportation Attributes METROHARTFORD REGIONAL OVERVIEW 3 Figure 2: Quick Facts About the Region Hartford County Rank in U.S. Tolland County Rank in U.S. Population (2011) 894,705 57 152,507 414 Households (2010) 350,854 49 54,477 437 Labor Force (2010) 465,733 49 86,567 359 Per Capita Personal $51,234 87 $45,424 187 Income (2009) Median HH Income $60,028 217 $74,868 61 Poverty Rate (2010) 11.3 2,558 6.4 3,087 H.S Diploma or More* 87.1 1,108 92.2 194 Bachelor’s or More* 33.3 228 36.8 158 *2010 ACS 5 year Source: STATS America The metro Hartford region is uniquely positioned between two major metropolitan areas – Boston and New York. Within a 60 mile radius of Hartford County you can reach almost all of Connecticut and most of Western Massachusetts. Within 150 miles of Hartford County, you can reach Boston, New York, Northern New Jersey, and Southern Vermont and New Hampshire, encompassing 11% of the U.S. population. Figure 3:Within 60 mile radius of Hartford County Within 60 miles of Hartford County you find: • 7,153,801 people • 611.6 people/sq mile • 3,748,931 in the labor force Source: STATS America Figure 4:Within 150 miles of Hartford County Within 150 miles of Hartford County you find: • 33,769,52 people reside • 17,356,799 in the labor force and • you have 11% of the U.S. population Source: STATS America 4 DEMOGRAPHIC ANALYSIS Figure 5: Population density of the metro Hartford region This figure shows that the highest population density in the region centers around the capital city. Hartford has the highest in the region followed by the adjacent cities of West Hartford, Newington, Wethersfield, and East Hartford. Manchester and Vernon also have relatively high population densities in the region. 5 DEMOGRAPHIC ANALYSIS Utility services, not surprisingly, are loosely correlated with population density patterns. Most of the larger municipalities and urban areas in the metro Hartford region enjoy water and sewer services. Nearly all of the municipalities, except for Stafford, have at least portions covered with gas service. And electric service is available universally. Figure 6: Utility service in the metro Hartford region 6 DEMOGRAPHIC ANALYSIS Figure 7: Land cover metro Hartford region, 2002 Figure 8: Land cover metro Hartford region, 2006 Land cover has remained fairly constant through the 2000s – the urban areas are very developed with forests and greenspace remaining along the corridors to the east and west of the I-91 corridor. 7 DEMOGRAPHIC ANALYSIS The topography map below shows the elevation variance in the metro Hartford region. The center of the region, of course, is dominated by the Connecticut River, and there are low-lying areas around this large body of water. Higher elevation runs north-south on both the eastern and western sides of the region. Figure 9: Topography of metro Hartford region 8 DEMOGRAPHIC ANALYSIS The figure below provides an overvie w of the key statistics from the demographic, economic, and industry analyses that follow. Figure 10: Key Regional Statistics EDUCATIONAL ATTAINMENT •36% of population have Bachelor’s degree or more •41% of 25-34 year olds have bachelor’s degree or more •2005-2010 population growth slower than the nation POPULATION •Gained 38,105 people between 2000 and 2010 MIGRATION •Almost 40% of in-migration from another county in state •More than 10%of population in 4 towns is foreign born FOREIGN BORN •Hartford, East Hartford, West Hartford, and Manchester have largest number of foreign born •The largest population groups by age in the region are: less than AGE DISTRIBUTION OF 19 years and between 45 and 59 years of age. POPULATION •45 and 69 increased in share while the 30-44 age cohort decreased in share of the total population •In 2010, 14,625 TFA recipients – 47% live in Hartford SPECIAL POPULATIONS •53% of probationers live in Hartford and East Hartford •All towns have a poverty rate less than 10% except Hartford POVERTY (32%) and East Hartford (15%) HOUSEHOLD INCOME •Per capita income is 1.2 times higher than U.S. •Hartford MSA has recovered a greater percentage of jobs that EMPLOYMENT were lost due to the recession than CT and the U.S. SELF EMPLOYED •12% of workers in the region are self-employed •All towns have lower unemployment rates (March ’11 to ’12) UNEMPLOYED •Almost one-quarter in region are from Hartford •Highest annual growth 2008-2018: Education, Healthcare, and Math/Computer OCCUPATIONAL PROJECTIONS •Math/Computer occupations projected to grow at faster rate than state •Almost one-quarter of patents in state originate in Hartford or PATENT ACTIVITY Tolland counties. 9 DEMOGRAPHIC ANALYSIS Demographic Analysis This section of the report looks at the demographic trends occurring in the region. In particular, the analysis includes information on the following topics: general population growth, population by age, educational attainment of the population, poverty, foreign born, special populations, housing statistics, household income, and migration into and out of the region. The analysis uses the most recent data available. In terms of looking specifically at data for the region, when town level data was not available, either county level information or the North Central Workforce Investment Area (NC WIA) data was used for comparison. Population As shown in Figure 11, Figure 11: Population growth for the U.S., Connecticut, and metro Hartford region – the population growth 2005-2010 of the metro Hartford 1.05 region over the past
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