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