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Follow on Google News | Report Details Ventura County’s Economic Development StrategyDocument will serve as the county’s economic roadmap through 2019
By: EDC-VC The research focused on identifying how the region can create more jobs and retain existing businesses, and to identify what support programs or projects are needed to achieve the goals. The workforce components are consistent with the Workforce Investment Board of Ventura County’s work plan. Based on the findings, the 2014 CEDS committee set a number of goals, including improving regional infrastructure (including water resource management, transportation and broadband), and promoting a sustainable balance of employment opportunities, housing choices, agriculture production, open space and natural resources. “Now that we have compiled data and analyzed the findings, we remain bullish on the region’s economy, though recognize there is real work ahead to retain jobs and advance the quality of life we cherish in Ventura County,” said Bruce Stenslie, president/CEO of EDC-VC. The report provides information required by the Economic Development Administration of the U.S. Department of Commerce, as a prerequisite to apply for certain federal grants to fund projects within the county. It includes details of the region’s obstacles, opportunities and challenges, and strategies for advancing economic development. A sampling of insights from the 2014 CEDS report: · Manufacturing— · The agriculture sector is extraordinarily strong in food production—that is, in the value taken from the fields—but tremendously under-productive in the higher value-added component of food processing. · While the county has relatively high-level incomes and quality jobs, there is a profound shortage of jobs in Ventura County for the population, resulting in the county being a daily exporter of jobs and talent. Fully 49% of the county’s workforce commutes out of the county for work, with the county generating the lowest share of jobs per worker in our surrounding counties. The CEDS report was completed for EDC-VC by Applied Development Economics (adeusa.com (http://www.adeusa.com/ EDC-VC is a private, nonprofit organization that serves as a business-to- End
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