NAIOP
1.12.15
NM Legislative Jobs Council
What Will
It Take?
March 2014
LEDA
Apprenticeship
Programs
CEcD
Lead
Generation
STEM
Digital
Media
Closing
Fund
Cultural
Presentation
Entrepreneurship
SWOT
Branding
Emerging
Technology
Wealth Creation
Public
Private
Partnerships
MEP
Custom
Job
Training
Military
Bases
EDC’s
EDO’s
Target
Industry
Analysis
Claw
Backs
Expansion
of Existing
Employers
Design
Community
Thinking
Quality
Index
Tax
HUB
Zone
Incentives
Capital
Film
Productivity
Driven
Economic
Development
Rail
Production
Logistics
Regulatory
Issues
Household
Income
Technical
Talent
Dropout
E>P
Rate
Crowdfunding
Sustainable
Development
Gaming
Corporate
Tax Rates
Seed
Funding
Arenas
Mixed-use
Development
Business
Convention
Retention &
Visitor’s
Expansion
Bureau
International
Cities
Property
Taxes
Talent
Retention
Intellectual
Property
Protection
Unemployment
EDA
ROI
Drainage
Infrastructure
Independent
E-Base Work
Utility
Capacity
GFH X
Workman’s
Compensation
Industrial
Building
GDP
Early
Childhood
Education
Native
(Tribal)
Communities
IAMC
Rural
Development
Workforce
Gap Model
Cluster
Development Data
Storage
Distribution
Centers
Regions
Venture
Capital
SBIC’s
Co-working
Spaces
Gen Y
Economic
Gardening
Personal
Income
Tax
Climate
Tech
Transfer
Industrial
Park
Development
Tech
Stars
Pit
Rules
Natural Gas
BioTech
GIS
EB-5
Regional
Center
MSA’s
Economic
Development
Transactions
Permissive
Zoning
SBA 504
Viticulture
Public
Schools
Live
Work
Play
Veteran
WorkKeys
Performing
Arts Centers
Councils of
Governments
Keytrain
Job
Corps
Crime
Foreign
Trade
Office
Livable
Wage
Women-owned
Industry
Birth
Rates
Commute Shed
Waterfront
Development
Millenial
s
Transient
Advantage
Eco-Tourism
Green
Tech
BRAC
Happiness
501 (c) (6)
Personal
Income
Tax Rates
Currency
Rates
Gifted
Academics
Growth
Crowdsourcing
IEDC
Tax Revenue/
Service
Burden
SBA
Economic
Entertainment
Architecture
Retention
of Existing
Employers
Wage
Cliff
Retail Recruiting Graduation
Slow
Leadership
Programs
Local
Banks
Food
Security
Resilience
Strategies
Research &
Development
Virtual
Building
Time to
Retirement
Communities
Micro
Lending
Minority
Owned
FDI
Master
Planned
Communities
Minimum
Wage
NAICS
Sports
Franchises
CTaxRev > RTaxRev
Roads
Chambers of
Commerce
Industry
Design
Build
Creative
Class
Workers
Free
Agents
Talent
Attraction
Healthcare
Gazelles Compensating
Underemployment
Local
Worker
Directed
Programs
501 (c) (3)
Workforce
Investment
Boards
Nations
Factors of
Production Poverty
NAFTA
Tourism
Historical
Preservation
Tower
Workforce
Development
Phase 1
Archeology
Environmental
Gross
Receipt
Taxes
Clean
Tech
Exported
Services
Spec
Workforce
Merchant
Economic
Developers
Corporate
Relocation
USDA
Hackerspace
What will it take
Site
Selection
to get back to
where
we
were
Start-up
Consultants
before the recession? Implan
Oil & Gas
Incubators
Spec
Building
Small
Business
ONET
Economic
Leakage Long-term
Strategic
Development
Advantage
Community
1099Rs
Development Transit
Housing
SBDC’s
Business
Accelerators Energy
Innovation
Planning
and
Zoning
Solo-work
Angel
Investors
Jobs
Mining
Renewable
Energy
Brownfield
Development
Marketing
Ports
Lone
Eagles
Social
Media
National
Laboratories
Universities
Industrial
Development
Empowerment
Zones
Neighborhoods
Boomers
Drain
Federal
Government
Jobs
Build Operate
Transfer
Bandwidth
Office
Parks
Talent
Development
MOOC’s
ICSC
Quality of
Life
Greenfield
Development
Brain
Intermodals
Economic
Base Jobs
Foreign
Trade
Zones
Airports
Main
Street
Local
Growers
County
No Growth
Jobs Council Members
Members
Advisory Members
Rep. W. Ken Martinez, Co-Chair
Sen. Mary Kay Papen, Co-Chair
Rep. Donald E. Bratton
Rep. Stephanie Garcia Richard
Sen. Phil A. Griego
Sen. Stuart Ingle
Rep. Rick Miera
Rep. Debbie A. Rodella
Sen. Michael S. Sanchez
Sen. Pat Woods
Sen. William F. Burt
Rep. Mary Helen Garcia
Rep. Patricia A. Lundstrom
Sen. Howie C. Morales
Sen. George K. Munoz
Sen. Steven P. Neville
Sen. Michael Padilla
Sen. John C. Ryan
Rep. Thomas C. Taylor
Rep. Don L. Tripp
Rep. James P. White
Executive Members
Secretary Jon Barela
Secretary Monique Jacobson
Secretary Tom Clifford
Secretary Jose Z. Garcia
Secretary Celina C. Bussey
Public Members
Ray M. Baca, New Mexico Building and Construction
Trades Council
Terry Brunner, USDA
Beverlee McClure, ACI
Alex O. Romero, Albuquerque Hispano Chamber of
Commerce and NMED Commission chair
Lautman Economic Architecture LLC
E>P
P
Clarity and Consensus
1. How many economic base jobs?
2. How many in which industry sectors?
3. What are the factor of production gaps?
4. What is the legislative solution?
Criteria
1. Essential
2. Moves the Needle
3. Unanimous Council Approval
4. Legislative Support
5. Executive Support
6. Constituent Support
New Mexico’s
7 Economic Regions
– Council of Government
– Economic Development
Districts
– Workforce Districts
Population of Individual COG
239,087
228,749
1-NW
2-NC
3-MR
268,495
283,327
63,228
89,216
887,077
4-EP
5-SW
6-SE
7-SC
Lautman Economic Architecture LLC
Statewide
Ten Year Economic Base Jobs Needs
Factors
State
1. E-base jobs for growth
34,763
2. E-base jobs to fill unemployment gap
15,991
3. E-base jobs to replace attrition
E-base jobs needed
E-base jobs needed per year
110,129
160, 883
16,088
Mid Region
Ten Year Economic Base Jobs Needs
Factors
Metro ABQ
1. E-base jobs for growth
27,398
2. E-base jobs to fill unemployment gap
5,599
3. E-base jobs to replace attrition
E-base jobs needed 10 years
E-base jobs needed per year
49,767
=
=
82,276
8,227
10 Year Mid Region Economic Sector Estimates
Back Office Services
12,000
Exported Services
7,200
Solo-Independent Work
8,500
Integrated IT & Cyber (Non-Gov't)
4,400
Digital Media
10,000
Visitor Driven
7,000
E m e rgi n g Te c h n o l o gy
1 0 , 00 0
Manufacturing
8,250
Extractives
1,500
Agriculture, Food, & Forestry
Federal Government
Health & Social Services
Education Services
Total Over Ten years
Annual
600
3,400
15,800
1,500
90,150
9,015
Factors of Production
• Capital
• Transportation
• Infrastructure:
• Land and Building Inventory
• Water & Sewer
• Qualified Workforce
• Bandwidth
• Housing
• Transmission
• Tax and Regulatory climate
• Roads & Drainage
• Marketing - Lead Generation
• Power and Gas
• Sales - Deal Structuring
• Public Safety
• Leadership
Top Factor of Production Gaps
Jobs at Stake
1. Capital
48,950 Jobs
2. Workforce
46,950 Jobs
3. Bandwidth
43,600 Jobs
4. Tax & Regulatory
43,350 Jobs
5. Marketing and sales
41,000 Jobs
6. Land and Building inventory 21,750 Jobs
Regional Dashboard Example-update August 2014
Statewide Job Creation Potential – Legislative Interim Jobs Council
Area: County, Region, State
Economic Sector Selection
Factors of
Time Period: 2014-2024
Predicament
Population Change
25,000
Population in Workforce
15,000
Unemployment Reduction 3,000
Total Jobs
18,000
Economic Base Jobs
6,000
E-Base Attrition
2,000
Total Economic Base
8,000
Annual Economic Base
800
Background
Explanatory – Scan Over
Current – Up to Date by Regions
Sustainable – NewMARC website
Sector
Back Office
Health and Social
Services
Visitor Driven
Intergrated IT
Manufacturing
Exported Services
Solo-Work
Extractives
Digital Media
Federal Government
Agriculture
Education
Emerging Technologies
Jobs Transactions Production Procured Total
300
3
Facilities
100
100
2,500
700
300
400
400
400
800
300
200
300
900
400
Workforce
5
3
6
Workforce
3
4
Housing
Broadband
500
0
100
200
0
200
100
Water
5
Workforce
100
1200
0
100
250
0
250
700
100
50
100
300
200
Strategy Options
Traditional
Programs
Organic
Sector
Plus-up
Proven
Procuring
Programs
Improve
The
Business
Ecosystem
Outliers
Innovate New
Procuring Programs
2014 Legislative Recommendations
1. LEDA
2. JTIP
3. Local Staff Augmentation
4. Tourism Department Marketing
5. Co-op Advertising
6. NM Partnership
7. Solo-Work Pilot
8. NMSU STEM Education Program
9. Broadband needs assessment
10. Forest Restoration Pilot
11. Middle School Physics Pilot
12. Work Force Gap Forecast Model
13. WorkKeys Program
FY 2016
$50,000,000
$12,000,000
$4,500,000
$3,500,000
$2,000,000
$500,000
$500,000
$475,000
$300,000
$250,000
$250,000
$125,000
$35,000
$74,435,000
Job Creation
1. LEDA
$50,000,000
2. JTIP
$12,000,000
3. Local Staff Augmentation
$4,500,000
4. Tourism Department Marketing
$3,500,000
5. Co-op Advertising
$2,000,000
6. NM Partnership
$500,000
7. Solo-Work Pilot
$500,000
Infrastructure and Workforce
8. NMSU STEM Education Program
$475,000
9. Broadband needs assessment
$300,000
10. Forest Restoration Pilot
$250,000
11. Middle School Physics Pilot
$250,000
12. Work Force Gap Forecast Model
$125,000
13. WorkKeys Program
$35,000