Sandoval Economic Alliance Establish a Vibrant and Competitive Economy Region Regional Corridors Rural North 550 corridor - Cuba, Zia Pueblo, Counselor, Jemez Valley corridor – Jemez Pueblo, Jemez Springs, North I-25 corridor – San Felipe Pueblo, Santa Domingo Torreon, La Jara Ponderosa, San Ysidro Pueblo, Algadones, Cochiti Lake, Pena Blanca Urban Rio Rancho Corrales Bernalillo Placitas Sandoval Economic Alliance What occurred? Who are the principals? Why are we doing this? Who are we targeting? What is our timeline? What is economic development? What is an economic based job and how many do we need? How are we different? What is next? What occurred? There remained a need for an economic development organization. The existing organization could no longer service incoming qualified leads and relations with the public and private sectors had become strained. Both the County and the City of Rio Rancho continued receiving leads from companies looking to expand or relocate plus there was a need to retain the companies already here. The County engaged an independent contractor to produce an assessment of what needed to be done to establish and economic development company. The Economic Development Assessment Strategy (EDAS) was the result of that contract. This assessment detailed what should be included in the business plan, who should be involved, what to achieve, how many jobs were needed to get back to full employment and provided a matrix for lead generation. It was the thought of both the City and the County that the private sector could act much quicker than the public sector. Time was of the essence. Who are the principals? Joe Sierra – Chairman (Century Bank) JR Allison – Chair Elect (Old Republic Title) Jo Ann Newton – Treasurer & Finance Committee Chair (PNM) Perry Bendicksen – Board Development Committee Chair (Rodey Law Firm) Mick Skolnick – Public Relations Committee Chair (Excalibur Realty) Jeanie Springer – Board Member (Springer 5 Investments) Jim Easley – Board Member (US Bank) Gary Housley – Board Member (Don Chalmers Ford) Pierce Runnels – Board Member (Geobrugg) Brian Brichford – Board Member (HP) Liz Shipley – Board Member (Intel) Phil Rios - Board Member (Sandoval County, County Manager) Keith Riesberg – Board Member (City of Rio Rancho, City Manager) Antoinette Vigil – Board Member (State of New Mexico) Why are we doing this? The region needs to replace jobs lost and return to full employment. There continues to be interest from companies with a need to expand or relocate. The region offers multiple tracts of land that are both private and public that can be developed for plug and play. What is the timeline and planning horizon First 90 days Operational organization Continuation of transition Conduct national President/CEO search Increase board members Marketing and sales Business retention and expansion Sales matrix Support from private sector Product development What is an economic based job and how many are needed? Economic based jobs are those where the goods and services produced are sold to or paid for by individuals or organizations outside the jurisdiction. We need to create 10,000 jobs over 10 years to replace jobs lost over the past 7 years. These economic based jobs are needed to make up for the jobs lost during the recession, support future population growth and replace jobs lots through attrition. Of the 10,000 jobs required 8,900 are required in urban areas and 1,100 in rural areas. Who are we targeting? Back-office and Tele-service Centers – 3,500 Jobs Health and Social Services – 2,500 jobs Manufacturing – 2,500 jobs Independent – solo work – 800 jobs Agriculture – 100 – 300 jobs Integrated IT and Cyber – 200 jobs Digital Media – 200 jobs Energy and Extraction – 50 – 100 jobs Visitor Driven Services – 100 jobs Transportation and Warehousing – 150 jobs 10-Year Need: 10,000 Economic Base Jobs SEA Target: 700 Economic Base Jobs/Year (30% of jobs are created organically) What is the current state*? Top cities (3,292 Job Postings) - YTD 2014 0 RIO RANCHO, NM BERNALILLO, NM CORRALES, NM CUBA, NM PLACITAS, NM JEMEZ SPRINGS, NM SAN YSIDRO, NM COCHITI PUEBLO, NM PENA BLANCA, NM JEMEZ PUEBLO, NM ALGODONES, NM SANTO DOMINGO PUEBLO, NM COCHITI LAKE, NM REGINA, NM PONDEROSA, NM COUNSELOR, NM LA JARA, NM 500 1,000 1,500 2,000 2,500 2,295 429 219 81 54 38 30 27 23 22 21 18 11 9 6 5 4 * Source: Burning Glass Market Insight What is the current state*? Top Occupations (O*Net Codes) - YTD 2014 0 Heavy and Tractor-Trailer Truck Drivers Registered Nurses Medical and Health Services Managers Customer Service Representatives Retail Salespersons First-Line Supervisors of Retail Sales Workers Sales Representatives, Wholesale and Manufacturing, Except… Licensed Practical and Licensed Vocational Nurses Education Teachers, Postsecondary Maintenance and Repair Workers, General Combined Food Preparation and Serving Workers, Including Fast Food Nursing Assistants Secretaries and Administrative Assistants, Except Legal, Medical, and… Special Education Teachers, All Other Middle School Teachers, Except Special and Career/Technical… Office Clerks, General First-Line Supervisors of Food Preparation and Serving Workers Light Truck or Delivery Services Drivers Medical Assistants General and Operations Managers Software Developers, Applications Clinical Psychologists Occupational Therapists Physical Therapists Waiters and Waitresses 100 200 300 280 239 108 100 98 79 68 64 55 49 44 38 35 35 32 32 32 31 30 29 26 26 25 24 24 * Source: Burning Glass Market Insight What is the current state*? Education and Experience – YTD 2014 High school 8+ years of experience 5 to 8 years of experience 2 to 5 years of experience Less than 2 years of experience Post-secondary or Associate's degree Bachelor's degree Graduate or professional degree 0 100 200 300 400 500 * Source: Burning Glass Market Insight What is our perspective on economic development? Growing the economy faster than the population. Providing economic based jobs that produce product and deliver services that are exported from the area – drive the multiplying effect. Product Development - Build/grow available assets (land/buildings, infrastructure) and capacity (infrastructure, workforce, capital). Develop and work through alliances and partnerships. How are we different? We are promoting the region and all of its assets. We are partnering with other EDCs and business organizations. We are partnering with State and local municipalities. We are including retail support in our scope. We will be strategic about integrating education, workforce development and talent-attraction in our job-creation strategies. We will be prepared to innovate a new spectrum of programs and initiatives to meet the challenges of this new era. What is next? We ask for your support. We ask for your input. We ask for your expertise Get involved! Ask us for assistance.