Presentation delivered at the 2019 SWREDA Conference, December 4-6, 2019

1. 2020 CEDS
Leveraging Strengths in the
MRCOG Region
Process and Product

2. What is the CEDS?
 The CEDS is a locally-based, regionally-driven economic development plan.
 MRCOG is required to prepare and adopt a Comprehensive Economic Developmen
Strategy for the region at least every five years.

3. Why Do a CEDS?
 The CEDS creates an opportunity to engage community
leaders, involve and leverage the private sector, and establish
a blueprint for collaborative economic growth in the region.
 The process builds leadership, enhances cooperation, and
fosters public ownership and enthusiasm.

4. EDA Projects
 WESST
 SS&TP
 Keshet Ideas and
Innovation Community
 Partnership for
Community Action/SW
Creations Collaborative
 Innovate ABQ

5. Process

6. Public Input Process
 Delivered 10-Question Survey of Economic
Development Stakeholders
 Developed an Advisory Committee of the MRCOG
Board
 Held two widely-attended public meetings
 Gathered information from Subject Matter Experts for
review
 Vetted results with Advisory Committee

7. Data Gathering: Survey

8. Advisory Cmt: Urban v. Rural
 Economic conditions of rural places are very
different than urban America.
 In the years after the recession rural counties
across the country lost and urban counties
gained—jobs, people, and wealth.
 Technology innovations tend to occur when
ideas and talent are concentrated—usually in
large urban settings.
 Need tools specific to Rural Communities:
Opportunity Zones, capital access, tax credits,
specific economic focus areas.

9. “The future belongs to
those who prepare for it.”Ralph Waldo Emerson
Public Meetings: Encouraged Big
Thinking
Courtesy of Dale Dekker

10. New Technology Triggers
 Robotics and Artificial Intelligence
 Industrial Revolution 4.0—3-D Printing and others
 EV-Electronic Vehicles, Autonomous Vehicles, etc.
 5G
Courtesy of Dale Dekker

11. 65% of workers in 2035 will have jobs
that don’t exist today
Courtesy of Dale Dekker

12. IoT…Internet of Things Courtesy of Dale Dekker

13. 2017
An iPhone 7 has more processing power than
the entire NASA organization had in 1969.*
* By 2020 the world’s 7.6 Billion people will use 11.6 billion mobile devices
Courtesy of Dale Dekker

14. Public Meetings:
Data delivery
Health Care & Social
Assistance, 68,025
Accom. & Food Services,
41,609
Public
Administration,
24,320
Utilities, 1,394
Finance & Insurance,
12,372
Mining, 272
Ag, Forestry & Fishing,
598
Mgmt. of Companies,
3,624Other Services, 9,901
Prof. & Tech.
Services, 30,849
Real Estate &
Leasing, 5,318
Arts, Enter.,
Rec., 7,864
Educational
Services, 30,759Information, 7,720
Wholesale Trade, 11,495
Transp. & Warehousing,
11,240
Retail Trade , 41,739
Admin & Waste Services,
25,723
Construction, 23,500
Manufacturing, 15,551

15. Recent Employment Growth
335,000
340,000
345,000
350,000
355,000
360,000
365,000
370,000
375,000
380,000
385,000
Employment (1q)
-10000 -5000 0 5000 10000 15000 20000
Manufacturing
Construction
Admin & Waste Services
Retail Trade
Transp. & Warehousing
Wholesale Trade
Information
Educational Services
Arts, Enter., Rec.
Real Estate & Leasing
Prof. & Tech. Services
Finance & Insurance
Utilities
Public Administration
Accom. & Food Services
Health Care & Social Assistance
Source: NM Department of Workforce Solutions, US Census QCEW
Growth Industries, 2007 - 2017

16. Unemployment
The seasonally adjusted unemployment rate for the Albuquerque, NM
MSA was 4.6% as of July 2019

17. GDP & Productivity
In 2018, Total - All Industries produced $44 billion in GDP for the Abq MSA

18. Wages The average worker in the Albuquerque, NM MSA
earned annual wages of $46,175 as of 2019Q2. Average annual
wages per worker increased 3.4% in the region over the preceding
four quarters.

19. Industry Snapshot

20. Public Meetings:
Deep Dive Tables

21. Product

22. What’s New in the 2020 CEDS?
 Recognition that Urban and Rural Communities have
different needs
 Leveraging our strengths in new ways—for example
 Using our abundant open space and federal R&D to see
new economic opportunities in testing autonomous
vehicles, or systems;
 Taking the rise of food manufacturing to new levels by
pairing with supply chains and our transportation
infrastructure.
 Outlining core focus areas

23. 2020 Focus Areas: Urban & Rural

24. 2020 Focus Areas: Rural

26. Questions?