PLANNING AHEAD IN MASSACHUSETTS Executive Office of Housing and Economic Development Department of Housing and Community Development MAPD Conference June 5th, 2014

Old vs. New Strategy?

Suzanne Kreiter/Globe

Innovation Economy

Attracting/Retaining Talent is Key

-

100,000

200,000

300,000

15 - 19

20 - 24

25 - 29

30 - 34

35 - 39

40 - 44

45 - 49

50 - 54

55 - 59

60 - 64

65 - 69

70 - 74

75 - 79

80 - 84

85 plus

Age

2040, Status Quo

Boomer Exodus from the Labor Force

-

100,000

200,000

300,000

2010 In Labor Force Not In Labor Force

-

100,000

200,000

300,000

2020, Status Quo

Baby Boomers (born 1945 – 1970) comprise 49% of labor force

One million workers now over the age of 40 will be retired by 2030 (39% of labor force)

Existing population insufficient to fill vacant positions

Baby Boomers

Baby Boomers

Baby Boomers

Lifestyle Shift?

New Economic Development Strategy

Strong Mixed-Use Districts

Shift Away from Office Parks?

Credit: Mark Hoffman Milwaukee Journal Sentinel

Urban Innovation Districts

Kendall Square

“Urbanizing” Office Parks

Reinventing Strip Malls

Strengthening Town Centers

Smart Growth America Case Study

Downtown Hyannis—EPA award winner 2007

Marlborough—Forest Park

Redevelopment includes: •  350 apartments •  125 hotel rooms •  730,000 sq. ft. of office &

lab space, including Quest Diagnostic

•  50,000 sq. ft. retail •  $1.6 million MassWorks

grant for road, bike and pedestrian improvements

Thank you

Department of Housing and Community Development

100 Cambridge Street, Suite 300 Boston, MA 02114

617-573-1100

Arthur Jemison Deputy Undersecretary

DHCD Arthur.Jemison@state.ma.us