CEDS-2006-Comp_Econ_Develop_Strategy
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CEDS-2006-Comp_Econ_Develop_Strategy
COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY A CALL FOR A SUSTAINED REGIONAL TEAM EFFORTPresented to:METROHARTFORD ALLIANCE1UJO9t3|«OUO3«nO|*6u»*MMM388 CEDS-2006-Comp_Econ_Develop_Strategy808REPORT 3:METRO HARTFORD COMPREHENSIVEECONOMIC DEVELOPMENT STRATEGYTABLE OF CONTENTSINTRODUCTION 1ACKNOWLEDGEMENTS 7ECONOMIC DEVELOPMENT VISION AND GOALS9BUSINESS CLIMATE 11EDUCATION AND WORKFORCE DEVELOPMENT 19QUALITY OF LIFE 31SITES AND INFRASTRUCTURE 38ECONOMIC DEVELOPMENT AND MARKETING 44EVALU CEDS-2006-Comp_Econ_Develop_StrategyATION PLAN 58APPENDICES 59CASE STUDIES TARGET AUDIENCE REQUIREMENTS THE BOSTON COMPACTDelivered to:Final Report38808Prepared by:Angelou EconomicstecriCEDS-2006-Comp_Econ_Develop_Strategy
nokoay-txjied economic deveiopmemINTRODUCTIONLong envied as a state of wealth, beauty, and innovation, Connecticut has experienced slow economic growtCOMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY A CALL FOR A SUSTAINED REGIONAL TEAM EFFORTPresented to:METROHARTFORD ALLIANCE1UJO9t3|«OUO3«nO|*6u»*MMM388 CEDS-2006-Comp_Econ_Develop_Strategye Metro Hartford region have struggled to respond to changes in the world’s economic landscape as has many of its competitors.Advances in communication and technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility - a reality known as ‘economic gl CEDS-2006-Comp_Econ_Develop_Strategyobalization.’ The IMF defines globalization as The growing economic interdependence of countries worldwide through increasing volume and variety of crCEDS-2006-Comp_Econ_Develop_Strategy
oss-border transactions in goods and services, freer international capital flows, and more rapid and Widespread diffusion of technology."Economic globCOMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY A CALL FOR A SUSTAINED REGIONAL TEAM EFFORTPresented to:METROHARTFORD ALLIANCE1UJO9t3|«OUO3«nO|*6u»*MMM388 CEDS-2006-Comp_Econ_Develop_Strategyneighboring towns, states, or even countries. Metro Hartford is not only competing against New Haven, Providence, Boston, and New York; but it is also competing with Des Moines, Phoenix. Atlanta, and other cities across the world.The facts show that Hartford is losing its competitiveness:■Over the p CEDS-2006-Comp_Econ_Develop_Strategyast 15 years, the non-farm employment In Connecticut has remained flat • the worst job stagnation in the country.■Over the same time period, non-farmCEDS-2006-Comp_Econ_Develop_Strategy
employment in the Hartford MSA declined by 6%. a loss of 36,100 jobs.•According to the Milken Institute. Connecticut is the 5,h most expensive state tCOMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY A CALL FOR A SUSTAINED REGIONAL TEAM EFFORTPresented to:METROHARTFORD ALLIANCE1UJO9t3|«OUO3«nO|*6u»*MMM388 CEDS-2006-Comp_Econ_Develop_Strategys future workforce. In the Hartford MSA since 1990, the number of residents aged 25-44 has declined by 14%, compared to 4% growth on a national level.These facts are not lost on the region's economic development leaders: CEDS-2006-Comp_Econ_Develop_StrategyCOMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY A CALL FOR A SUSTAINED REGIONAL TEAM EFFORTPresented to:METROHARTFORD ALLIANCE1UJO9t3|«OUO3«nO|*6u»*MMM388Gọi ngay
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