ceds outreach - madison 2012

127 Washington Ave., 4th FL West, North Haven, CT 06473 T 203 821 3682 F 203 821 3683 www.rexdevelopment.org


Madison Economic Development Commission

September 13, 2012

Comprehensive Economic Development Strategy Outreach


• Prepare a regional Comprehensive Economic Development Strategy (CEDS)

• Develop Action Agenda & Outcome Measurements

• Ask for your input now, throughout the process, and as a partner to implement the CEDS

• Optimize working relationships while developing additional partnerships to further the region as a competitive environment to live, work and play

Purpose


What is REX?

Regional

Collaborative

Facilitator

How was it established?

What is its purpose?

How can REX assist your town?

REX Development 101


Map of South Central Connecticut Region


Created a focus in 6 areas with 16 objectives that are continually worked on by the public and private sectors

Regional Marketing & Communication

Transportation

Business Development

Workforce & Housing

Land Use Planning, Policies & Regulations

Regional Economic Development Funding

Synopsis of 2008 CEDS


First regional economic development organization to receive REDD designation from the State of Connecticut

First Connecticut economic development district to receive official recognition by the federal Economic Development Administration

All 15 municipalities are now eligible to receive federal funding on par with economically distressed communities

$60,000 received from EDA in planning monies

$1.5 M pending from EDA on projects

Millions of new public investment on several EDA projects in the region

Key Achievements


1) West Haven – West River Crossing/Bulkhead

• $1 million/DECD and $1 million/EDA for bulkhead repair/remediation with construction nearly complete. Enable the 100 acre West River Crossing project to proceed. Creation 12,000 construction jobs and 750 jobs once complete.

2) New Haven – River Street (MDP) Redevelopment/Bulkhead

• $1 million/EDA funding for repair of bulkhead toward the redevelopment of River Street.

3) Hamden – Goodrich/Daisy

• $373,000 in funding to cleanup and remediate an abandoned metal finishing facility – collaborative project w/New Haven, created over 20 jobs.

4) Branford – Atlantic Wire

• $500,000 in funding to cleanup and remediate an abandoned industrial site near center of town– total project $2.8 million creating over 40 new jobs.

5) Brownfield Funding

• Over the past five years REX has received an additional $600,000 in funding, on top of $2 million in federal and state Brownfield funding.

Success Stories


Snapshot of Madison & South Central Region in 2010

Madison RegionPopulation 18,269 570,001Households 6,971 222,620Per Capita Income $52,002 $32,849Household Income $108,175 $64,653Median Age 46.6 39.0

Source: US Census Bureau


Population Changes

1990-2000 2000-2010

Madison 15.32% 2.30%

South Central CT 1.85% 4.24%

Connecticut 3.60% 4.95%

United States 13.15% 9.71%

Sources: U.S. Census Bureau, 1990 Census Data Profile 1,Census 2000 Data Profile 1 & 2010 U.S. CensusDemographic Profile Data (Table DP-1)


Effects of Regionalization

Madison Total Tax Revenue = $72 M

Property Tax Revenue = $63 M

Property Tax Revenue88.1% Residential

Housing Inventory: 7,686

Total Labor Force9,793

23% Live & work in

Madison

Property Tax Revenue 5.0% Commercial

Business Inventory: 604

77% of employed Madison residents work in other

cities/towns in the region


Residents Commuting To

Workforce

Top 10 Employers in Region

Yale University NEW HAVEN

Yale New Haven Health System NEW HAVEN

Southern Connecticut State Unv NEW HAVEN

Covidien NORTH HAVEN

Veterans Affairs Connecticut WEST HAVEN

Servicom LLC MILFORD

Anthem Blue Cross Blue Shield NORTH HAVEN

Midstate Medical Ctr MERIDEN

Temple Medical Ctr NEW HAVEN

General Counselors Office NEW HAVEN

Madison 2,270

New Haven 1,107

Guilford 603

Branford 362

Clinton 344

Wallingford 251

West Haven 235

Meriden 195

Westbrook 192

Middletown 187


Net Grand List:

• $3,418,584,858 – 2010

• Up 42.5% since 2006

Top 5 Employers

• Stop and Shop

• Madison Hse Care/Rehab

• VNA Service Inc

• Madison Town/Schools

• Robert’s Food Center

Small Businesses – 94.4%

• 98.0%, Uniqueness

• Local – Cash Mob

Local Businesses Madison Employment by Sector

Sector Establishments Employment

Construction 7.9% 2.6%

Manufacturing 2.3% 2.7%

Wholesale Trade 13.1% 4.0%

Retail Trade 10.6% 13.3%

Transportation and Warehousing 0.5% 0.2%

Information 1.7% 1.8%

Finance, Insurance, Real Estate 8.0% 4.3%

Prof, Scientific and Tech Services 13.1% 4.8%

Mng/Comp and Enter 0.5% 0.0%

Admin/Supp/Waste Mng/Rem Serv 6.8% 3.5%

Educ Serv 1.7% 5.0%

Health Care/Soc Ass 11.8% 19.1%

Accomm/Food Serv 6.0% 11.0%

Other Services 11.1% 4.0%

Total Government 3.1% 18.8%


Employment Data for the Region

Utilities 0.3% Const 3.4% Manuf 9.5%

Whole Trade 4.1%

Retail 11.7%

Tran/Ware 2.1%

Inf 1.7%Fin/Ins 3.1%

Real Est 1.4%Prof/Tech Serv 4.4%

Mgmt of Comp1.1%Admin/Waste Mgmt

5.0%Acc/Food Serv 7.1%

Health/Soc Ass 18.9%

Art/Ent 1.1%

Educ 7.1%

Other 3.7%

Gov't 13.9%

Employment by Sector/New Haven County


Regional Cluster Performance


What is your vision of economic development in Madison and the region in the next 5 years? Do you see these visions as complementary or divergent?

Question 1


What are the key components to economic development in Madison and the region?

Strengths

Weaknesses

Obstacles

Question 2


What roles do you see for the public and private sectors in promoting economic development?

Opportunities

Limitations

Question 3


What measurements are true indicators of economic growth or decline?

Question 4


How can we all work together to make the REX Region more competitive?

Question 5


We sincerely appreciate your time and guidance in building our regional economic development strategy.

Please contact us at any time with questions, suggestions or concerns that you may have.

Thank You!

ceds outreach - madison 2012

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