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Promoting Economic Transition in Coal Communities: A Case Study

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Page 1: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

PromotingEconomicTransitioninCoalCommunities:

ACaseStudy

Page 2: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

SchmidtFuturesFoundationAlliancefortheAmericanDream

AmericanDreamIdeasChallenge:Raisetheincomesof10,000householdsby10%by2020

UniversityofUtah’sCoalCountryStrikeTeamoneoffourwinnersArizonaStateUniversityOhioStateUniversityUniversity ofWisconsin

StrikeTeamawarded$900,000fromSchmidtFutures+$500,000appropriationfromLegislature

Page 3: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

Other Measures of Economic Distress1. Unemployment2. Out-migration3. Poverty

4. Housing5. Opioid crisis

Employment Change, 2008-2017

Source: Bureau of Labor Statistics

Utah’s Coal Country

-12%U.S.

+13%Utah

+28%

Hunter Powerplant, Castle Dale, Utah

UtahCoalCountryEmploymentChange,Q12009–Q12019

CoalCountry

RestofState

1,100,000

1,150,000

1,200,000

1,250,000

1,300,000

1,350,000

1,400,000

1,450,000

1,500,000

10,000

10,500

11,000

11,500

12,000

12,500

13,000

13,500

14,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

RestofState

CoalCou

ntryJo

bs

Source:U.S.BureauofLaborStatistics

Page 4: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

UtahCoalCountryOther Measures of Economic Distress1. Unemployment2. Out-migration3. Poverty

4. Housing5. Opioid crisis

Employment Change, 2008-2017

Source: Bureau of Labor Statistics

Utah’s Coal Country

-12%U.S.

+13%Utah

+28%

Hunter Powerplant, Castle Dale, Utah

August2019UnemploymentRates

U.S.

3.7%Utah

2.8%Utah’sCoalCountry

3.9%OpioidPrescriptionsper100Residents,2017

Utah

63.8Carbon

154.1Emery

80.2Source:UtahDepartmentofWorkforceServices

Source:CentersforDiseaseControlandPrevention,NationalCenterforInjuryPreventionandControl;2017data

U.S.

58.7

Page 5: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other
Page 6: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

Assetsn Great Locationn Exceptional Broadbandn Spectacular Natural Beautyn Iconic Mining Townn Public University

Silicon Slopes East+

Workforce Training/Jobs

Hearth & Home

Housing Revitalization

Red Rock Gateway

Tourism Infrastructure Economic Development Support

Custom Incentives

InitiativesSan Rafael Swell

UtahCoalCountryAssets/StrikeTeamInitiatives

Page 7: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

CustomIncentives• Providelong-termeconomicprojectionsfortheregion

• Baseline• BestCase• WorstCase

• Researchregionalizedeconomicincentives• Incentivizerural(EDTIF)• Smallbusiness• Home-grownentrepreneurs• Amenities/qualityoflife/arts• Visionsupportandleadershipdevelopment• Supportresidents(e.g.incometaxcredit)• MainSt.retail• Capitalinvestment,incl.MainSt.beautification

Page 8: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

OpportunityZone•SeveralongoingdiscussionsaroundpropertyonRidgeRoadbeingusedforindustrial

•LovelessAshVacuumsexpansion

•AnumberofsolardealsthatcouldpotentiallybeintheOZ

•Negotiationswithfederalagencies(EDA,USDA)aboutcreatingspecificgrantprogramsforthecounty’sOZ

Page 9: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

®

StrikeTeamMomentum

$900kawardedbySchmidtFuturesNationallyrecognizedconferenceaward$500kappropriationUtahlegislativesupportBusinesscommitmentsOvertwodozenbusinesssupportersEngagedcommunitySupportfromapproximately70electedofficials,businessleaders,andcommunity/technicaladvisorsUtahCongressionalDelegationMeetinginWashington,DCwithSens.RomneyandLeeValuedpartnershipsSiliconSlopes,SaltLakeChamber,U.S.Rep.Curtis,andUtahLt.Governor

MajorMilestones CurrentSupporters

Page 11: Promoting Economic Transition in Coal Communities: A Case … · 2019-11-04 · Strike Team awarded $900,000 from Schmidt Futures + $500,000 appropriation from Legislature. Other

ProgressinOtherInterventionsSiliconSlopesEast+• Workforcetraining:technical,

creative/entrepreneurial,healthcare,tourism/service,manufacturing

• Encouragedigitalentrepreneurship

RedRockGateway• TourismDevelopmentFund• Increasesignage,beautifyMainSt.,etc.

Hearth&Home• Provideresearchontheeffectsof

low-incomehousinginruralareas