|
|
|
|
|
HENRY LUKE-NEWSLETTER
#47
|
|
In the four metro areas described below, the comparison is between the year of Vision facilitation and 2003. The charts include the MSA and Central County in the MSA, or in Virginia, the central independent city. Data is from the Bureau of Economic Analysis, Department of Commerce unless noted otherwise. 1. Hampton Roads MSA (Virginia Beach, Norfolk, Newport News, MSA)-1993
The economy of Hampton Roads, compared to the US, began to decline in 1987
when the cold war ended. The per capita income benchmark was first set in
1993 for Hampton Roads Plan 2007 for the per capita income
to be at the US average by 2007. Hampton Roads maintained a focus on this benchmark, but it continued to decline until 2001. From 1993 to 2002, Hampton Roads lost 32,000 very high-paying military and federal civilian plus additional military contract jobs. They replaced these jobs with jobs which were 30% to 50% lower. They had a net gain of 12,000 jobs per year, compared to a job benchmark with a net gain of 11,000 jobs per year. Despite the huge loss in high-paying jobs, the MSA per capita income as a % of the US began to rebound in 2001 and exceeded the 1993 % in 2003.
The Hampton Roads MSA consists of fifteen Virginia independent governments and one in North Carolina. The total population of 1,613,000 is divided by the large water body Hampton Roads. This is the 4th largest southeastern MSA after Atlanta, Tampa and Miami. The largest independent government is Virginia Beach with 433,000 in population. In 2002, Virginia Beach replaced Norfolk as the central city in the MSA name. The city had strong growth as a bedroom community because of its quality of life and education system. Therefore, any Virginia regional efforts literally have to be approved by fifteen different governments with no overlap. Cities and counties are totally separate from each other. With no single large geographical entity, Hampton Roads intensified their regional focus beginning in 1993. In 2002, the Alliance for Regional Stewardship from Denver, CO produced “The Practice of Stewardship: Developing Leadership for Regional Action”. Hampton Roads was one of the case studies in the monograph which included the following quote, “Case Study: Hampton Roads Rallies Around Per Capita Income Leaders have used indicator’ reports to raise regional challenges and sound the call to action. But rather than producing a comprehensive set of indicators, leaders from Hampton Roads, Virginia, rallied others around a powerful statistic about declining per capita income. In 1980, per capita income in the Hampton Roads region was close to the national average and exceeded that of regional neighbors Charlotte and Raleigh-Durham. By 1999, the region had fallen significantly behind both the nation and its neighbors. Explains Jimmy Eason, CEO of the Hampton Roads Partnership, ‘We translated statistics into numbers that hit home with people. For example, if our per capita income were once again equal to Raleigh-Durham’s we would have $11 billion more circulating through our economy.’” Hampton Roads per capita income was above the Raleigh Metro area per capita income until 1985. This statistic was used to further mobilize the community to focus on its economic future. 2. Charlotte MSA-1985
History: Charlotte MSA per capita income as a % of US per capita income
Major emphasis has been on regional economic development and consensus building. In 1985, the region realized the coming decline in tobacco, textiles and furniture. Many jobs were lost in these job sectors in the suburban counties and replaced with higher paying jobs in Mecklenburg County.
3. Memphis, TN MSA-1995 & 2000
Per capita income benchmark set in 1995.
Reduce the Memphis MSA gap between an average of seven competitor MSAs:
Atlanta, Birmingham, Charlotte, Dallas, Indianapolis, Louisville &
Nashville.
The Memphis Chamber of Commerce credits the first five year of MEMPHIS 2005 with collaboratively impacting: · A 14.5% drop in poverty rates (23,000 persons), a faster decline than the national average. · Over $8.7 billion in private capital investment, of which $7.6 billion were in the metro areas and $1.1 billion elsewhere in the region. 2004 represented an unprecedented eight consecutive years in which new private capital investments exceeded the MEMPHIS 2005 annual goal of $ 1 billion in the Memphis region. From 1996-2004, there were 1,196 projects with $12.3 billion invested, with 73,244 new jobs.
* In MEMPHIS 2005, they selected as their peer MSAs, Atlanta, Birmingham, Charlotte, Dallas, Indianapolis, Louisville and Nashville.
4.
Richmond, VA Region-1991
(Richmond City and & surrounding three counties) & 2000 Richmond MSA In 1991, Richmond was an uncompetitive old economy manufacturing metro in decline for two years, compared to the US. The Vision was to slow the decline and transform the economy. Steps along the way: · Virginia Commonwealth University committed to creating an engineering school and a bio-technology park. Both were accomplished. “The meteoric rise of Virginia Commonwealth University (VCU) as one of the nation’s top urban universities has been, by all accounts, stunning. Under the leadership of the dynamic Dr, Eugene P. Trani and with strong civic and business support, a small city commuter college recast its direction and emerged as one of the country’s true educational powerhouses and great urban institution. VCU is transforming the region, inspiring a new generation of creative, innovative thinkers, in technology, medicine and the sciences, engineering, art, and business”, quoted from Technology in Greater Richmond. · The Richmond Chamber led the effort to create agreement between the independent government entities to stop fighting over water rights. · The Richmond Chamber led the effort to create the Richmond Partnership- a 50-50 private/public effort for economic development. · By 1995, these efforts made it possible for Motorola to commit to a major chip factory in an adjacent county. Then Motorola entered a joint venture with Siemans and built a chip factory that has since been expanded · The original Motorola site has been converted into an auxiliary to the downtown technology park. · Richmond now has a technology marketing focus with five technology clusters plus advanced education and training. · Richmond started a new effort and publication “Works” to retain and attract creative young people.
Subscribe/Unsubscribe…Subscribe to this free e-mail newsletter by e-mailing Click Here . Subject: Subscribe; Message: full name, title, organization, address, & phone. We encourage your forwarding this newsletter to your colleagues. To unsubscribe, e-mail your name and the word “unsubscribe” in the subject line. We will promptly remove your name from our list. However, you may have received the newsletter through forwarding and we do not have your name.
Newsletter Archives | Home Page
Community
Visioning | Community Strategic Planning | Collaborative Implementation
|
