MetroRev Presentation Outlines Demographic Shifts and Case for Regional Collaboration
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This document discusses the importance of metropolitan regions and regional collaboration. It notes that metro areas generate the majority of economic output and population in the US. Several case studies of regional partnerships are provided, like Denver which passed a sales tax increase to fund a $4.2 billion light rail expansion across its metro area. The document argues that states should take a regional approach to economic development by creating networks of leaders across different sectors, setting a shared vision for growth, and identifying game-changing initiatives to fundamentally alter the region's economic trajectory.
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MetroRev Presentation Outlines Demographic Shifts and Case for Regional Collaboration
- 1. @Bruce_Katz #MetroRev Council on Virginia’s Future | Virginia Chamber of Commerce Virginia Business Higher Education Council Richmond, VA www.metrorevolution.org September 17th, 2014
- 2. 1 A Pivotal Decade
- 3. More Jobs jobs needed post-recession 5.6 million Better Jobs poor or near poor in 2000 81 million poor or near poor in 2011 107 million
- 4. 3 2 1 0 Divergence of Wages and Productivity Wages Productivity 1948 2013
- 5. Educational Attainment ! Associate’s Degree or Higher Non-Hispanic Whites United Asians States African Americans Hispanics* 36% 56% 39% 25% 19%
- 6. Demographic Shift ! US Population in 2005 14 mil 199 mil 38 mil 42 mil Asians Non-Hispanic African Whites Americans Hispanics* Hispanics* African-Americans Non-Hispanic Asians Whites
- 7. Demographic Shift ! Forecasted US Population in 2050 41 mil 207 mil 59 mil 128 mil Asians Non-Hispanic African Whites Americans Hispanics Asians Hispanics African Americans Non-Hispanic Whites
- 8. Virginia ! Estimated Population: 2013 Non-Hispanic Whites African Americans Asians Hispanics* Asians Non-Hispanic African Whites Americans Hispanics* .5 mil 5.8 mil 1.6 mil .7 mil
- 9. Virginia ! Projected population: 2040 Asians Non-Hispanic African Whites Americans Hispanics* 1 mil 6.1 mil 1.8 mil 2 mil Hispanics* Asians African Americans Non-Hispanic Whites
- 10. Pre-Recession Economy Next Economy MANUFACTURING INFRASTRUCTURE HUMAN CAPITAL INNOVATION STEM ADVANCED ENERGY EXPORTS R&D OPPORTUNITY
- 11. “Something has gone terribly wrong when the biggest threat to our American economy is the American Congress.” ! Senator Joe Manchin III
- 12. 2014 60.0%! mandatory spending 6.5%! interest 33.3%! discretionary spending A Structural Change to 2024 the Federal Budget 62.5%! mandatory spending 13.7%! interest 23.6%! discretionary spending INFRASTRUCTURE EDUCATION R&D HOUSING DEFENSE
- 13. Virginia relies on federal discretionary spending #2 federal spending per person 20% of state economy comes from federal spending #2 federal government employees 40% of federal spending in state is defense-related
- 14. The Metropolitan 2 Revolution
- 15. 75% GDP Top 100 Metros Share of US Totals Source: Brookings Analysis of BEA, Census Data 66% population 12% land area
- 16. Metros Concentrate National Assets 66% 74% Top 100 Metro Share of US Totals 85% 90% 92% 92% Population Bachelor’s Degrees Foreign Born Population Advanced Industry Employment Patents Airline Boardings
- 17. Arlington-Alexandria Richmond Virginia Beach- Norfolk- Newport News Virginia is a metro-led state
- 18. 69% 72% 75% Top three metros Population Jobs Economic output
- 19. All eleven metros 86% 89% 90% Population Jobs Economic output
- 21. LOS ANGELES LA 30/10 DETROIT Innovation District NORTHEAST OHIO Manufacturing HOUSTON Neighborhood Centers Network NEW YORK Regional Collaboration DENVER Regional Collaboration PORTLAND Export Plan
- 22. BROOMFIELD DENVER ADAMS ARAPAHOE GILPIN JEFFERSON DOUGLAS CLEAR CREEK PARK ELBERT DENVER Regional Collaboration DENVER BOTANICAL GARDENS DENVER ART MUSEUM DENVER MUSEUM OF NATURE AND SCIENCE BOULDER
- 25. DENVER FASTRACKS Regional Collaboration sales tax increase .4 percent total projected investment $4.2 billion total transit buildout 122 miles
- 27. DENVER Regional Collaboration NEW YORK Regional Collaboration
- 28. “The state can set the stage, but there is no single New York state economy. There’s a Long Island economy, a Western New York economy, a North Country economy…Growth is going to come from a regional development strategy.” -Governor Andrew Cuomo NEW YORK STATE Regional Collaboration
- 29. NEW YORK STATE New York Regional Development Councils Regional Collaboration 3 4 1 2 5 6 7 8 9 10
- 30. NEW YORK STATE Regional Collaboration Syracuse
- 31. Starting Your Own 3 Revolution
- 32. 1 Create Your Network Government Metropolitan Network
- 34. Governor Mayor
- 36. Universities Philanthropies Civic Groups
- 37. 1 Create Your Network NORTHEAST OHIO Manufacturing Network NEW YORK Regional collaboration DENVER Regional collaboration
- 38. 2 Set Your Vision METROPOLITAN ECONOMIC DASHBOARD Manufacturing Exports Human Capital Clean Economy
- 39. 2 Set Your Vision NE OHIO Manufacturing Employment 100 U.S. NE Ohio 1980-2005 Region 1980—2005 Dec 1980 Dec 2005 US NE Ohio -25% -44% 18,944,968 14,213,822 425,484 239,205 SYRACUSE Exports as % share of output Rochester Allentown Worcester Buffalo Syracuse 0 5 10 15 Support top exporters Build capacity of SMEs Grow service exports DENVER Population growth (mil) 3.4 4.2 2013 2025 2035 #8 worst traffic congestion 2.8 .4% sales tax increase Coordinated leadership Public/Private Partnerships FASTRACKS
- 40. 3 Find Your Game Changer Game Changer (n) ˈgām ˈchānjər A significant intervention that fundamentally alters your economic profile and/or performance.
- 41. 3 Find Your Game Changer NORTHEAST OHIO Manufacturing Network ! Enable existing firms in manufacturing to innovate more DENVER Regional Collaboration ! Create light rail infrastructure to better integrate region NEW YORK Regional collaboration ! Establish financial incentives for regional leaders to work together
- 43. @Bruce_Katz #MetroRev www.metrorevolution.org Council on Virginia’s Future | Virginia Chamber of Commerce Virginia Business Higher Education Council Richmond, VA September 17th, 2014