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2012 Economic Outlook BJ Swanson, Executive Director February 9, 2012 PowerPoint Presentation
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2012 Economic Outlook BJ Swanson, Executive Director February 9, 2012. 2012 Economic Outlook LEDC – who we are… Latah County – what we are… Strategies for economic prosperity….

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slide1

2012 Economic Outlook

BJ Swanson, Executive Director

February 9, 2012

slide2

2012 Economic Outlook

  • LEDC – who we are…
  • Latah County – what we are…
  • Strategies for economic prosperity….
slide3

The Latah Economic Development Council (LEDC) is a private non-profit corporation incorporated in 1987 to foster the growth and expansion of the economy of Moscow and Latah County in order to provide new employment opportunities for Latah County residents.

  • The LEDC is funded by contributions coming from the private sector, Latah County, the City of Moscow, Idaho Department of Commerce, and our other rural communities.
slide4

2012 LEDC Board

  • President Paul Kimmell, Avista Corp.
  • Vice President Debbie Loaiza, Team Idaho
  • Treasurer Janice McMillan, Primeland
  • Secretary James Arrick, EMSI
  • Dave McGraw, Latah County Commissioner
  • Nancy Chaney, Mayor of Moscow
  • Tyrone Brooks, AVP UI Finance/Admin
  • Gina Taruscio, Moscow Chamber
  • Deb Smith, CEDA
  • David Brown, Mayor of Potlatch
  • Janiece Atkins, Mayor of Bovill
  • Robin Woods, Alturas Analytics
  • Kelly O’Neill, Gritman Medical Center
  • David Alexander, IVUS Energy Innovations
  • Eric Busch, Busch Distributors
  • Joy Nickles, Troy Horizons
  • Renee Ellsworth, Sterling Savings
  • Margo Kay, Spinners Flock Farm
slide5

MISSION

The Latah Economic Development Council is dedicated to the creation and implementation of a coordinated, comprehensive program of economic development, to improve the future of Latah County in a manner compatible with local values.

slide6

LEDC focuses its efforts on business development, recruitment and retention as well as assisting with community development projects within the county.

slide8

Choosing the right egg (project)………

…..How we determine our work

Strategies for economic prosperity….

  • Source ideas/projects
  • Establish/leverage collaborators
  • Filter viability
  • Run to ground
  • Getting business results
slide12

Rural Potlatch location

  • Relocated from Issaquah & Kent Washington
  • Employment opportunities (15+ up to 50)
  • Living wage jobs
slide14

The New Food Economy – Local Opportunities

  • Collaborative Effort (LEDC, CEDA, SEWEDA, Latah County, U-I, Moscow Food Co-op, Gritman Medical Center, Avista Corporation, ID Farm Bureau, and ID Commerce
  • Developing a regional food cluster that creates better awareness of regional food production and diversity and establishes our region as a destination for food processing and agri-culinary tourism
slide15

Strategies for economic prosperity….

  • Urgency of Economic Development…..
  • Creative “loafing”…..
  • Avoid “analysis paralysis”
  • Entities MUST cooperate/collaborate
  • Economic Alignment
  • U-I
  • City of Moscow
  • Latah County
  • Rural Communities
  • Moscow Chamber
slide20

Latah County 2011

EMPLOYMENT vs. UNEMPLOYMENT

slide23

Unemployment in Idaho / Latah County

(Idaho Department of Labor issued December 2011)

Statewide civilian workforce: 760,800

Unemployed: 65,000

Rate: 8.5%

Latah County civilian workforce: 17,548

Unemployed: 1,193

Rate: 6.8%

slide24

Latah County

Unemployment

December 2010

emsi data

slide25

Latah County

Educational Attainment

slide26

Transportation/Communication Infrastructure

  • Regional collaboration is key!
  • PUW Airport
  • US Highway 95 Improvements
  • WA 270 Corridor Support
  • Link IDAHO Broadband
slide27

ECONOMIC COHESION

Process and outcome based economic planning

  • Creating more certainty in process
  • Eliminating barriers to growth
  • Fostering an environment of job creation
  • Impact of policies, regulations, and taxes on businesses