Planning Ahead in MA
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Transcript of Planning Ahead in MA
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PLANNING AHEAD IN MASSACHUSETTS Executive Office of Housing and Economic Development Department of Housing and Community Development MAPD Conference June 5th, 2014
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Old vs. New Strategy?
Suzanne Kreiter/Globe
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Innovation Economy
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Attracting/Retaining Talent is Key
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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
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100,000
200,000
300,000
2010 In Labor Force Not In Labor Force
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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
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Lifestyle Shift?
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New Economic Development Strategy
Strong Mixed-Use Districts
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Shift Away from Office Parks?
Credit: Mark Hoffman Milwaukee Journal Sentinel
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Urban Innovation Districts
Kendall Square
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“Urbanizing” Office Parks
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Reinventing Strip Malls
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Strengthening Town Centers
Smart Growth America Case Study
Downtown Hyannis—EPA award winner 2007
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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
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Thank you
Department of Housing and Community Development
100 Cambridge Street, Suite 300 Boston, MA 02114
617-573-1100
Arthur Jemison Deputy Undersecretary
DHCD [email protected]