planning ahead in ma
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Executive Office of Housing and Economic Development Department of Housing and Community DevelopmentTRANSCRIPT
PLANNING AHEAD IN MASSACHUSETTS Executive Office of Housing and Economic Development Department of Housing and Community Development MAPD Conference June 5th, 2014
Old vs. New Strategy?
Suzanne Kreiter/Globe
Innovation Economy
Attracting/Retaining Talent is Key
-
100,000
200,000
300,000
15 - 19
20 - 24
25 - 29
30 - 34
35 - 39
40 - 44
45 - 49
50 - 54
55 - 59
60 - 64
65 - 69
70 - 74
75 - 79
80 - 84
85 plus
Age
2040, Status Quo
Boomer Exodus from the Labor Force
-
100,000
200,000
300,000
2010 In Labor Force Not In Labor Force
-
100,000
200,000
300,000
2020, Status Quo
Baby Boomers (born 1945 – 1970) comprise 49% of labor force
One million workers now over the age of 40 will be retired by 2030 (39% of labor force)
Existing population insufficient to fill vacant positions
Baby Boomers
Baby Boomers
Baby Boomers
Lifestyle Shift?
New Economic Development Strategy
Strong Mixed-Use Districts
Shift Away from Office Parks?
Credit: Mark Hoffman Milwaukee Journal Sentinel
Urban Innovation Districts
Kendall Square
“Urbanizing” Office Parks
Reinventing Strip Malls
Strengthening Town Centers
Smart Growth America Case Study
Downtown Hyannis—EPA award winner 2007
Marlborough—Forest Park
Redevelopment includes: • 350 apartments • 125 hotel rooms • 730,000 sq. ft. of office &
lab space, including Quest Diagnostic
• 50,000 sq. ft. retail • $1.6 million MassWorks
grant for road, bike and pedestrian improvements
Thank you
Department of Housing and Community Development
100 Cambridge Street, Suite 300 Boston, MA 02114
617-573-1100
Arthur Jemison Deputy Undersecretary
DHCD [email protected]