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2014.03.11 EDA Agenda Packet
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2014.03.11 EDA Agenda Packet
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Commissions
Meeting Date
3/11/2014
Document Type
Agenda/Packets
Commission Name
EDA
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Ij{ Washington County's Economy <br />A review of economic data for Washington County finds 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 <br />16%);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 />r_V. Economic Development Working (horn <br />To support the economic development planning process and to afford both public and private <br />sector stakeholder input, the County Board formed a Working Group to guide the staff and <br />consulting team. The Working Group has successfully established an identity and role in the <br />process. One of the primary attributes of the Group was its ability to convene practitioners and <br />other stakeholders to address questions and provide direction on important economic <br />development topics. The County Board seeks to formalize the role of the Working Group in the <br />strategic plan. <br />The Working Group is made up of staff representatives from municipal governments, public <br />agency partners such as the HRA and private sector members from sectors including real estate, <br />small businesses and entrepreneurs. City officials represented a cross section of roles and <br />responsibilities including: a Mayor, City Administrators, Planners, Community Development <br />Directors and Assistant City Administrators. <br />The County Board desires that the Working Group remain active and engaged and as part of the <br />implementation the formal purpose and objectives will be determined. We can add more here if <br />desired and we should talk about this at the Working Group meeting. <br />Washington Counly Economic Dayelopment Strategic Plan 2014 <br />Page 4 <br />
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