North Central Massachusetts Economic Summit Robert A. Pontbriand R.E.D.I. at Fitchburg State College January 29, 2010
North Central Massachusetts At A Glance <ul><li>26 Communities </li></ul><ul><li>Population 249,383 </li></ul>
North Central Massachusetts Economic Snapshot
North Central Massachusetts Unemployment Overview <ul><li>February 2009 </li></ul><ul><li>December 2009 </li></ul><ul><li>...
North Central Massachusetts Cost of Living <ul><li>Cost of living is 15% lower than Metro Boston </li></ul><ul><li>Most af...
North Central Massachusetts “ Where Manufacturing Matters ” <ul><li>23.47% of private labor force in manufacturing (highe...
North Central Massachusetts Challenges <ul><li>High unemployment </li></ul><ul><li>Foreclosure Crisis </li></ul><ul><li>Tr...
North Central Massachusetts Opportunities <ul><li>Affordability </li></ul><ul><li>Educational Institutions </li></ul><ul><...
of 8

Pontbriand Redi Presentation Econ Summit 1 29 2010

Economic Summit on January 29, 2010 by Robert Pontbriand, REDI Researcher
Published on: Mar 4, 2016
Published in: Education      Business      
Source: www.slideshare.net


Transcripts - Pontbriand Redi Presentation Econ Summit 1 29 2010

  • 1. North Central Massachusetts Economic Summit Robert A. Pontbriand R.E.D.I. at Fitchburg State College January 29, 2010
  • 2. North Central Massachusetts At A Glance <ul><li>26 Communities </li></ul><ul><li>Population 249,383 </li></ul>
  • 3. North Central Massachusetts Economic Snapshot
  • 4. North Central Massachusetts Unemployment Overview <ul><li>February 2009 </li></ul><ul><li>December 2009 </li></ul><ul><li>Nation – 8.2% </li></ul><ul><li>State – 7.8% </li></ul><ul><li>NCM – 9.6% </li></ul><ul><li>Nation – 10% </li></ul><ul><li>State – 9.4% </li></ul><ul><li>NCM – 12% </li></ul><ul><li>23 labor regions in MA </li></ul><ul><li>Fourth highest unemployment rate in MA </li></ul><ul><li>Historically higher unemployment rate than Nation and State </li></ul>
  • 5. North Central Massachusetts Cost of Living <ul><li>Cost of living is 15% lower than Metro Boston </li></ul><ul><li>Most affordable in New England (ACCRA) </li></ul><ul><li>Operational costs not affordable </li></ul><ul><ul><li>Utilities </li></ul></ul><ul><ul><li>Connectivity </li></ul></ul><ul><ul><li>Transportation </li></ul></ul><ul><li>Affordable Housing </li></ul>
  • 6. North Central Massachusetts “ Where Manufacturing Matters ” <ul><li>23.47% of private labor force in manufacturing (highest in MA) </li></ul><ul><li>1 out of 4 jobs are manufacturing </li></ul><ul><li>Home to 463 manufacturing companies </li></ul><ul><li>17 different manufacturing sectors </li></ul><ul><li>$1.00 out of every $3.00 earned is from manufacturing </li></ul><ul><li>Manufacturing jobs pay 42% more than average income </li></ul>
  • 7. North Central Massachusetts Challenges <ul><li>High unemployment </li></ul><ul><li>Foreclosure Crisis </li></ul><ul><li>Transportation Infrastructure </li></ul><ul><li>Broadband Connectivity </li></ul><ul><li>Marketing </li></ul><ul><li>Utility Costs </li></ul><ul><li>Local Aid Challenges </li></ul><ul><li>Media Perceptions </li></ul>
  • 8. North Central Massachusetts Opportunities <ul><li>Affordability </li></ul><ul><li>Educational Institutions </li></ul><ul><li>Quality of Life </li></ul><ul><li>Central Location </li></ul><ul><li>Workforce </li></ul><ul><li>Manufacturing Base </li></ul><ul><li>Dynamic Business Community </li></ul><ul><li>Public/Private Partnerships </li></ul>