Comprehensive Economic Development Strategy (CEDS)
Total Page:16
File Type:pdf, Size:1020Kb
Table of Contents Executive Summary ......................................................................................... 3 Evaluation Framework .................................................................................. 43 Summary Background ..................................................................................... 6 Economic Resilience ...................................................................................... 44 About the District ........................................................................................ 6 Appendix 1 – Distress Criteria Statistical Report .......................................... 46 County Quick Facts: ..................................................................................... 6 Appendix 2 – CEDS Committee ..................................................................... 47 Clay County ............................................................................................. 6 Appendix 3 – American Community Survey Housing Data ........................... 48 Parke County ........................................................................................... 6 Appendix 4 – Housing Projects ..................................................................... 51 Putnam County ....................................................................................... 6 Addendums & Amendments ......................................................................... 52 Sullivan County ....................................................................................... 6 Vermillion County ................................................................................... 7 List of Figures Vigo County ............................................................................................. 7 Geography & Natural Resource .................................................................. 7 Figure 1 - Indiana County Map ........................................................................ 6 Cultural & Recreational Resources ............................................................. 8 Figure 2 - District Transportation Network ................................................... 13 Housing ....................................................................................................... 9 Figure 3: Industry Cluster by Location Quotient and Employment .............. 26 Health Services .......................................................................................... 10 List of Charts Education .................................................................................................. 10 Infrastructure ............................................................................................ 11 Chart 1 - District Population Over Time ........................................................ 20 Communications ................................................................................... 11 Chart 2 - Percent Population Change ............................................................ 20 Water .................................................................................................... 11 Chart 3 - Components of Population Change ............................................... 20 Sewage Treatment and Waste Water Disposal .................................... 11 Chart 4 - % Total Population by Age ............................................................. 21 Stormwater Systems ............................................................................. 12 Chart 5 - Population Estimates by Race ........................................................ 21 Brownfield Redevelopment .................................................................. 12 Chart 6 - Population Estimates by Hispanic or Latino Origin ........................ 21 Transportation ...................................................................................... 13 Chart 7 - Educational Attainment ................................................................. 21 Industrial Parks ..................................................................................... 17 Chart 8 - District versus State Educational Attainment ................................ 22 Economic Development Partners ............................................................. 18 Chart 9 - District Median Household Income................................................ 22 Financial Resources ................................................................................... 19 Chart 10 - District Per Capita Personal Income (PCPI) .................................. 23 The Numbers ............................................................................................. 20 Chart 11 - District PCPI Change ..................................................................... 23 Population ............................................................................................. 20 Chart 12 - District Poverty Rates ................................................................... 23 Educational Attainment ........................................................................ 21 Chart 13 - District Poverty Rates for Children Under 18 ............................... 23 Living Arrangements ............................................................................. 22 Chart 14 - District Labor Force Summary ...................................................... 24 Income & Poverty ................................................................................. 22 Chart 15 - District Historic Unemployment Rates ......................................... 24 Employment & Clusters ........................................................................ 24 Chart 16 - Top 10 District Employment Sectors ............................................ 44 SWOT Analysis ............................................................................................... 27 Strategic Direction/Action Plan ..................................................................... 28 List Tables Vision ......................................................................................................... 28 Goals & Objectives .................................................................................... 28 Table 1 - Clay County Quick Facts ................................................................... 6 Action Plan .................................................................................................... 31 Table 2 - Parke County Quick Facts ................................................................. 6 Priority Projects..................................................................................... 31 Table 3 - Putnam County Quick Facts ............................................................. 6 Proposed Projects ................................................................................. 31 Table 4 - Sullivan County Quick Facts ............................................................. 6 West Central Indiana Economic Development District Comprehensive Economic Development Strategy Table 5 - Vermillion County Quick Facts ......................................................... 7 Adopting Resolution Table 6 - Vigo County Quick Facts ................................................................... 7 Table 7 - West Central Indiana State Recreational Areas ............................... 8 Board of Directors Table 8 - Cultural Resources ........................................................................... 9 West Central Indiana Economic Development District, Inc. 1718 Wabash Ave., Terre Haute, IN 47807 Table 9 - Housing Market Snapshot ................................................................ 9 Table 10 - West Central Indiana Hospitals .................................................... 10 Resolution 012918-01 Table 11 - Lead Economic Development Organizations ............................... 19 WHEREAS, the U.S. Department of Commerce – Economic Development Administration Table 12 - District Households ...................................................................... 22 (EDA), with the concurrence of the Governor of Indiana, approved the designation of an Table 13 - Historic Employment Analysis by Sector ...................................... 25 Economic Development District (EDD) encompassing Clay, Putnam, Parke, Sullivan, Table 14 - Priority Projects ............................................................................ 31 Vermillion and Vigo Counties in Indiana on June 19, 1969 (13 CFR § 304.1); and Table 15 - CEDS Committee .......................................................................... 47 WHEREAS, the West Central Indiana Economic Development District, Inc. (WCIEDD) has been designated and certified by EDA as the planning organization responsible for managing and overseeing the operations of the EDD (§ 304.2); and Public Comment Period WHEREAS, WCIEDD is statutorily required to develop and publish a Comprehensive As required by 13 CFR § 303.6(b)(2), this Comprehensive Economic Economic Development Strategy (CEDS), at least every 5 years, that brings together the public and private sectors in the creation of an economic roadmap to diversify and Development Strategy (CEDS) was made available for public review and strengthen the economies in the EDD (§ 303.6 and § 303.7); and comment from January 10 to February 8, 2018 at the WCIEDD offices located at 1718 Wabash Ave, Terre Haute, IN 47807; at the Main Branch of WHEREAS, a draft copy of the CEDS was made available for public review and comment the Vigo