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01.19.16 EDA Packet
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01.19.16 EDA Packet
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Meeting Date
1/19/2016
Document Type
Agenda/Packets
Commission Name
EDA
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data: Washington County -- Economic Overview (September 2013) and Washington County's <br />Economy and Selecting Industries for Further Analysis (November 2013). Copies of both <br />presentations are on file in the County's Office of Administration. Five of the most essential <br />findings that might have an immediate policy implication are identified in Section III. <br />Community Engagement <br />The County Board directed that a broad reaching community engagement process be undertaken, <br />including: 1) Interviews and listening sessions with elected officials and other key stakeholders <br />uxithin the community of interest; 2) Gather input from every city; 3) Presentations/discussions to <br />organized groups such as Economic Development Authorities, Chambers, Business Development <br />Commission's; and 4) Facilitated sessions with key stakeholders within a community of interest <br />to identify issues and create the strategic plan. A summary of the stakeholder input is included in <br />the Appendix. <br />Cll. Washington Cnnnty's Economy <br />The data presented by the Minnesota Extension Office offered a clear picture of the Washington <br />County economic conditions. A summary review of economic data for Washington County finds <br />that the County's economy is healthy. <br />• Washington County is a competitive, job creating economy. The county has experienced <br />steady and strong growth in the number of jobs and weathered the recession well. <br />Washington County had 80% employment growth from 1990-2012 adding 32,000 new <br />jobs. The number of jobs in 2012 nearly rebounded to pre -recession levels of 74,000 <br />total jobs. <br />• Washington County competes very well within the region and the Twin Cities economy. <br />Businesses in Washington County added 24,000 more jobs than would have been <br />expected given national and industry trends. <br />• Washington County is especially competitive and has significantly more jobs in <br />comparison to neighboring counties in Wisconsin. Washington County's employment <br />growth rate exceeded or was on par with neighboring counties in Wisconsin. Washington <br />County maintains a competitive share of employment growth compared to St. Croix <br />County except for manufacturing where St. Croix County has a modest growth <br />advantage. <br />• Washington County is a service -based economy. Washington County's top five largest <br />sectors of employment are Trade (16%): Professional and Business Services (16%); <br />Education and Health Services (14%); Leisure and Hospitality (12%); and Government <br />(13%). <br />• Wages at jobs in Washington County are low, incomes primarily from jobs outside the <br />County are high, and housing is expensive; these trends make affordable work force <br />housing an issue for county leaders. <br />3 <br />
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