Strong and Diverse Economy

 

The Strong and Diverse Economy element is finished and has been approved by the Central Vermont Regional Planning Commission! The element covers economic development in the Region, assessing the current state of the economy and offering suggestions for how to improve it in the future.

Approved Regional Economic Element
What Was the Process?
Related Documents and Planning Initiatives

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Approved Regional Economic Element

The Strong and Diverse Economy element is available in three forms:

  • To read an in-depth coverage of economic issues in the Region, look at the full element.
  • For a shorter read that still has all the details of our goals, policies and strategies for the Region, look at the summary version.
  • If you just want a quick look, check out our two page brief below.
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What Was the Process?  

We started meeting with the Strong and Diverse Economy working group in March 2014, and continued meeting with them through June 2014. You can see a summary of all the meetings here:

The meetings addressed a series of drafts. The first draft available to the public was published on August 12. That draft was sent to the Central Vermont Regional Planning Commission for discussion and comment, and a second draft was produced in October 2014. The draft profiles, as well as the goals, policies and strategies for economic development in the Region, changed significantly over time. You can see that in the marked-up version  of our goals, policies and strategies from October 2014. The Strong and Diverse Economy element was approved by the Commission in its final form on November 11, 2014. You can view the final documents above.

Related Documents and Planning Initiatives

The Strong and Diverse Economy element is not the only valuable economic policy document that addresses the issues of Central Vermont. Below are some of the resources we drew on in writing the element, as well as information on some of the programs and organizations with which we collaborate.

Statewide CEDS: The State of Vermont is also in the final phases for development of a Statewide Comprehensive Economic Development Strategy (CEDS). The strategy will cover every region of the State and will seek input from everyone. This strategy will also serve as a plan for statewide economic development policy and implementation, will incorporate the regional plans that have already been developed, and will address disaster resiliency.

Plan Central Vermont will incorporate and build on the findings of the Statewide CEDS as the Strong & Diverse Economy Element is updated. To view notes from the October 2013 Regional CEDS Input Meeting hosted in Montpelier by the Agency of Commerce & Community Development (ACCD), click here (includes notes from all regional meetings). Ken Jones, Economic Research Analyst for ACCD, presented a PowerPoint on the CEDS goals and 2020 targets at CVRPC’s Commission meeting on July 8. Click here to view the presentation.

Vermont 2013 Economic-Demographic Profile Series: The Vermont Department of Labor’s most popular publication of state, county and town economic data has been updated. Find regional information on income, population, housing, employment and other data.

Central Vermont Food Systems Assessment: This effort, funded by a 2011 Vermont Department of Health Building Healthy Communities Grant, will help establish baseline data in order to begin work on regional food systems plan-essentially a blueprint for promoting local food, sustaining agricultural economic development, and increasing the availability of fresh, nutritional food. As a direct result of the Building Healthy Communities Grant, CVRPC completed the CVRPC Regional Food System Assessment, which will serve as a working guidance document for Plan Central Vermont. Vermont Farm to Plate, part of the Vermont Sustainable Jobs Fund, has developed a strategic plan to strengthen Vermont’s food system over the next ten years, while the Food System Atlas allows visitors to the website to explore Vermont’s food system by searching for people or places within a variety of different categories (i.e. production, processing, marketing, distribution, etc.).

Mad River Valley Economic Development Study for Flood Resilience: The study focused consists of a fact-based assessment of the Mad River Valley’s economic health, identification of industry sectors of strategic economic importance, establishment of an economic baseline and development of draft policies to support these growing economic sectors. As of January 2014, stakeholder interviews had begun and the results of the study are expected to be available late Spring 2014. Click here for more information and to view the full report.

Vermont Downtown Action Team (V-DAT): The Vermont Downtown Action Team project will develop a clear vision and roadmap for the revitalization of eight downtowns/village centers in Vermont that were affected by Tropical Storm Irene/Spring 2011 floods which will result in an action-oriented revitalization plan for each community, and provide assistance with the implementation of the plan to ensure the achievement of their vision. The eight communities chosen statewide include Barre City, Waterbury, Warren, Waitsfield, and Northfield. This project kicked off in the summer of 2013 and will conclude by the spring of 2014.

VSAC Special Report – Gaps in Postsecondary Education Aspiration: The Vermont Student Assistance Corporation (VSAC) published a report in April 2014 that shares findings from a survey of high school seniors about their post-graduation plans and the barriers to achieving them. The report shows wide differences across gender, income level, and geography. To read the full report, please click here.

Forest Stewardship Project: The objective of the statewide Forestry Stewardship Project is to address forest planning from an integrated approach to keep forests intact. The goal is to maintain habitat connectivity, forest health and productivity, and ecosystem quality, and to foster strong forest products and value-added wood products to further economic prosperity. This project, completed in partnership between the Vermont Division of Forests and four Vermont regional planning commissions, aims to inventory and assess forest resources, identify specific forest landscape types, and product strategies for each landscape type that will assist regions, municipalities, and forest landowners in the objective of keeping forests as forests. The Draft Forest Stewardship Report is available for download here.

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