Sorted by Uncertainty
Regional Economic Issues
Sorted by Uncertainty
Factors
Uncertainty
71
Political developments in foreign countries
30
84
Potential competitive advantage of the region to attract the emerging green economy
26
2
“Undocumented” residents/citizens.  How do we get “accurate” data to determine the impact on the Region?
24
7
Relocation of national/international companies to Region/CT.
24
51
Jobs of the future?
23
63
The future of healthcare
23
73
Attracting companies to spark economic growth
23
75
Economic incentive for new or existing businesses
23
15
 Converting old structures to appealing places to work.
22
16
Affordable work force housing. (State definition = no more than 30% of income).
22
22
State policy re: incentives for new businesses.  Only for manufacturing.  E.g., does NOT encourage entrepreneurs.
22
42
Economic viability of city centers
22
44
Attracting new business to the region – film industry
22
80
Work ethic of new workers
21
3
Public transportation – regional and statewide.  Future?  Positive, negative or both?
20
36
Longer commuting distances for local residents
20
53
National issues
20
72
Availability of investment capital
20
10
Determining the “center/focus” of efforts.(who and where?)
19
34
Workforce development and educational training
19
62
How do we bring young people back to the area?  Who do we want to attract to this area?
19
5
Matching employer needs with qualified employees
18
6
Loss of “job benefits” in the Region. Vs. State/US?
18
21
Transportation infrastructure.  Does it support the current/future needs of Region?
18
74
How do we ensure that we coordinate our efforts to get the area’s fair share of resources
18
9
Capacity of NW Region to influence its own destiny vs. State influence.
17
31
Energy availability
17
32
Rising health costs
17
83
Is a coordinated effort or what type of coordinated effort is best for the region?
17
24
Changing values re: sustainability
16
64
Possibility of economic and racial separation
16
81
Coordinated regional effort for economic development, not economic discouragement (Regional Econ. Development Czar)
16
12
Identification of “top 10 things” potential/future employers want.
15
20
Education in the Region reflecting the needs of the Region?
15
49
Consumer demand
15
8
Planning/execution capacity of Region.  Historically by individual town.
14
23
Internal and external perception of the Region.  Perceived as “wealthy”, “in the middle of nowhere”, individual towns want to “keep their town a secret”
14
41
Economic viability of farms –loss of farmland and open space
13
47
Emergency services volunteers
13
59
Sprawl
13
61
Infrastructure – adequate now? future?
13
69
The future of community involvement
13
76
Attitudes of community about development
13
78
Loss of State and Federal representation due to shrinking population
13
79
Inadequate labor pool (e.g., aging of tradespersons and disinterest of emerging workforce)
13
27
Loss of manufacturing jobs
12
28
Brownfield issues
12
37
Distance from other areas of the state
12
43
Effect of new retail stores on existing small businesses
12
57
Importing most of our food
12
11
Defining roles each of the towns play in the Region – in every way
11
14
Role of tourism in the Region.
11
19
CT tax structure.  Impact.  Does this affect Region more than rest of State?
11
45
Challenges in tourism – casinos, high gas prices
11
50
Effect of emerging markets (energy usage, competition)
11
56
Business support organizations
11
33
High cost of housing
10
52
Weather factors
10
65
Local educational access from elementary to college/higher ed. (including English language ed. For immigrants)
10
82
 Aging workers not retiring (failure to create openings for younger workers)
10
17
Cost of land
9
18
Land use zoning regulations.
9
26
Young residents leaving the region and the state
9
40
Heavy reliance on residential property tax base
9
55
Limitations and/or aging infrastructure
9
58
Regional branding
9
66
Environmental regs. and concerns
9
67
Quality of life (culture, art, restaurants)
9
70
Obesity
9
1
Young residents are leaving the Region.  Is this unique to NW?  The State? Where are they going?
8
13
Role of the arts in the Region.
8
38
High cost of doing business
8
39
Unpredictable and unfavorable tax structure
8
48
Technology as an economic driver
8
54
Increased government regulation
8
60
Political change
8
68
Childcare issues (costs and availability)
8
77
Availability of land
8
4
Energy costs and trends
7
29
Limited industrial sites
7
30
High cost of energy
7
35
Need for technically trained workers
7
25
Aging population
6
46
Internet & cell phone access and availability
6

RATING THE FACTORS for their degree of uncertainty
Rate each of the factors for the degree to which the future trends of this factor are certain/uncertain.

Do NOT overthink whether the factor may be a “duplicate” of another on the list.  
Rate it independently.

The rating scale is 1 to 5, with 5 being those factors that are MOST UNCERTAIN as to the path they will follow in the future.

1     Future trend is very certain
2    Future tend is somewhat certain
3     Future trend is neither certain nor Uncertain
4     Future trend is somewhat Uncertain
5    Future trend is very UNcertain