CEDS 2016 FINAL COMBINED_201901041520169648

2016 CEDS COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY Contents Our Region’s Values: Invest in Place Invest in People Invest in Business & Industry Introduction       Eastern Maine: By The Numbers Maine 1,329,328 0.1% EDD 264,273 -2.8 Hancock 54,659 0.4 Penobscot 152,692 -0.8 Piscataquis 16,931 -3.4 Waldo 39,155 1.0 61.9 -1.5 64.0 -1.07 60.0 -3.0 64.3 -1.7 41.6 -2.1 62.8 2.5 668,800 661,992 130,060 129,061 29,410 28,997 73,150 73,142 7,250 7,159 20,250 19,763 $34,398 $33,033 $34,736 $33,800 $38,012 $36,244 $30,368 $29,224 $34,476 $32,864 $993,819,673 $945,481,382 $193,240,814 $187,558,648 1.0 $661,029,509 $626,452,033 0.95 $41,882,045 $40,435,657 0.96 $97,667,305 $91,035,044 0.93 25,400 29,231 5,580 6,380 1,120 1,385 3,290 3,584 360 416 810 995 3.7 4.2 -0.5 4.13 4.9 -0.78 3.7 4.6 -0.9 4.3 4.7 -0.4 4.7 5.5 -0.8 3.8 4.8 -1.0 Income & Poverty Per Capita Income (2014) $27,332 $24,670 $28,077 $24,076 $22,796 $23,729 Median Household Income $48,804 $42,721 $45,747 $44,543 $37,110 $43,484 14.1 16.6 12.9 18.0 20.3 15.0 $173,600 $149,700 $197,800 $137,700 $107,300 $156,000 729,413 152,190 40,582 74,331 15,429 21,848 91.3 91.3 93.4 90.7 89.0 91.9 28.4 26.0 32.6 24.2 18.2 29.0 37 *Population (2015) % Change from 2010 % 18-64 (est avail labor mkt) % Change from 2010 Labor Force Labor Participation 2016** 2015 Labor Participation Avg Monthly Wage – 2015# 2013 Avg Monthly Wage Total Wages – 2015# 2013 Total Wages % Change Unemployed** 2015 Unemployed % Unemployment Rate** 2015 Unemployment Rate % Change % Persons in Poverty Economic GDP Housing Median Value of OwnerOccupied housing (2010-2014) Housing Units (2015) Education (2015) % High School Graduate or Higher % Bachelor’s Degree or Higher Number of Higher Ed Institutions # of students graduating from higher education (2015) Resources *United States Census/American Factfinder **monthly not seasonally adjusted county estimates, Department of Labor 2016 & 2015 #Quarterly and Annual Industry Employment and Wages, Department of Labor 2015 & 2013 2015 Student Population - Eastern Maine (est 20,000) Beal College College of the Atlantic Unity College U Maine Augusta - Bangor Maine Maritime Academy 13 Eastern Maine Community College 15 Husson University 56 University of Maine 10 20 30 40 Per Cent Student Population Regional Vision 50 60 Resetting Regional Goals 10   20 21 22 23 24 Measuring Progress 25 Economic Resiliency 26 High Impact Priority Projects  27    28    29  30 Leadership Eastern Maine Development Corporation, Board of Directors 31 Advisory Committee for CEDS: Audit Committee: Communications Committee: Finance Committee: Governance Committee: Loan Review Committee: 32 Staff: Acknowledgments: 33 40 Harlow Street Bangor, Maine 04401 207.942.6389 www.EMDC.org ... Change from 2010 % 18-64 (est avail labor mkt) % Change from 2010 Labor Force Labor Participation 2016* * 2015 Labor Participation Avg Monthly Wage – 2015# 2013 Avg Monthly Wage Total Wages – 2015#... Census/American Factfinder **monthly not seasonally adjusted county estimates, Department of Labor 2016 & 2015 #Quarterly and Annual Industry Employment and Wages, Department of Labor 2015 & 2013... 20 30 40 Per Cent Student Population Regional Vision 50 60 Resetting Regional Goals 10 Baseline 2016 Population 264,338 Employable Population, 16 yrs or older 220,571 Labor Participation Rate