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HomeMy WebLinkAboutMinutes - Futures Committee - 08/14/2017 - City Manager’s Office 300 LaPorte Avenue PO Box 580 Fort Collins, CO 80522 970.221.6505 970.224.6107 - fax fcgov.com MINUTES CITY OF FORT COLLINS FUTURES COMMITTEE MEETING Date: August 14, 2017 Location: CIC Room, City Hall, 300 Laporte Ave. Time: 4:00–6:00pm Committee Members Present: Wade Troxell, Chair Ray Martinez Kristin Stephens City Staff: Darin Atteberry, City Manager Jeff Mihelich, Deputy City Manager Jackie Kozak-Thiel, Lead Staff Presenters: Elizabeth Garner, Colorado State Demographer Wade Troxell, Mayor Additional Staff Present: Jackson Brockway, Business Analyst Sean Carpenter, Climate Economy Advisor Honore Depew, Environmental Planner Kelly DiMartino, Assistant City Manager Kevin Gertig, Utilities Executive Director Jason Komes, Waste Reduction/Rec Program Assistant II Sarah Meline, Waste Reduction/Rec Program Assistant I Caroline Mitchell, Sr. Environmental Planner Chris Johnson, Bike Fort Collins Molly Saylor, Environmental Planner Rebecca Stava-Hicklin, Administrative Assistant Community Members: Dale Adamy, Fort Collins citizen Ann Hutchison, Fort Collins Area Chamber Sung O, Fort Collins citizen Meeting called to order at 4:08 pm Approval of Minutes: 2 Ray moved and Wade seconded a motion to approve the July 10, 2017 minutes as presented. Motion passed unanimously, 2-0-0 (Councilmember Stephens was not yet present at the meeting). Think Tank Item 4-2017: Growth in Numbers: What do changing demographics in Colorado tell us about our future? Elizabeth Garner, Colorado State Demographer, presented a high level summary of past and impending population and economic transitions for Colorado and the North Front Range.  Biggest takeaway: the North Front Range and especially Fort Collins and Larimer County, are part of a whole. Planning for these transitions 30-50 years out is important and unique for communities to do.  Big transitions to watch, include: o Migration – can we continue to attract and retain the best and the brightest? If so, where do we house them? o Age and aging – what does our age distribution look like? At different ages we do things differently – shop, bike, etc. o Labor force growth is slowing – will we have enough workers to keep up with the job creation rate? o Industrial transitions – retail is the second largest employer in region, but Amazon Prime is changing everything rapidly. What will happen in the manufacturing and construction industries? o Racial and ethnic diversity – young population aging into workforce is much more diverse now than in the past. What are we doing to ensure we’re getting everyone into labor force? o Growing and slowing population o Slowing income growth  Population change: o The U.S. is currently experiencing the slowest growth rate since the 1930s, but Colorado’s population growth is ranked the 7th fastest in the nation.  Other trends include:  Natural increase in births minus deaths is going to be slowing. This is caused by a slowing in birth rate and an increase in deaths – not an increase in death rates, but an increase in deaths due to the larger share of the population in ages that tend to die. o Fort Collins has a 2.0% population growth rate, but 1/3 of counties in CO are declining in population.  Can we do a better job leveraging the connection between this urban center and the rest of the state to promote growth in other counties? o By 2040, CO will see a population growth of 2.8 million people; 2.4 million of those in the Front Range.  Why do people come to Colorado? o Answer: jobs  Net migration follows a business cycle. Young people are the largest share of population migration and Larimer County tends to attract very young people. o National trend: slow job growth in the U.S. as a whole, slower migration. 3  Migration is slowing down because of our age distribution.  Boomers are aging out of the labor force. 1 million people are aging out of the workforce while job growth is occurring; both impacting the economy. o Elizabeth frequently gets asked if CO really needs more migrants. Her response: Are you going to continue to create jobs? If so, then yes.  One of the fastest growing industry clusters is the service area which allows business professionals to work remotely. o So many more of these types of jobs can also be outsourced out of the country at lowest cost. o This trend of remote employment is predicted to grow, but grow nationally or internationally? o Connectivity is a huge, major state priority.  Millennials: peak millennial born in 1990; currently 27 years old. o In CO, demand for apartments is high because of growth in age groups that typically rent apartments. o But don’t assume millennials will never buy a home – the average age of a homebuyer is 38. Millennials are currently aging into homeownership. o Elizabeth warned about making assumptions of millennials – follow ages, not just generations. The population tends to behave certain ways based on age.  Aging o By 2030, there will be growth in 75-84 year old age group. Long-range planning should consider the potential for more services to meet this population’s needs. o Issues:  Where do the aging groups spend their dollars? Answer: Healthcare and accommodation/foods services.  Housing: people aging out of workforce, but doubtful they’ll want to leave Fort Collins. Where will new workforce be able to live?  Downward pressure on income  Increasing health needs/disabilities  Downward pressure on public finance o Municipalities should prepare for impacts on labor force, sales tax, and property tax. o Fort Collins, Larimer County, and Loveland have all been at the forefront of planning for aging.  Increasing racial and ethnic diversity o Over 60% of increase in working population is going to be Hispanic. Question: what are we doing to make sure they’re prepared for labor force?  Increase marketing to people in middle school and high school. Q&A  In reference to migration, when discussing attracting and retaining, who are we talking about? o The best fit people for the right jobs. o In any one year, CO brings in about 250,000 people and about 190,000 leave.  Are the large amounts of aging seniors impacting all of CO? o Aging can be a huge economic driver because the spending of seniors supports about ¼ of a job per person. Pretty big economic driver. o This age group is growing about 6% per year.  Larimer County and state influences – who is influencing who? 4 o Answer: it is definitely a symbiotic relationship. o North Front Range is a little insulated, but not on the growth side. Likely not able to avoid the state’s growth.  Thoughts on what will change in the fact that we’re becoming more racially and ethnically diverse? o Huge disparity in the less than high school range where over ¼ of Hispanic population has less than a high school degree. o Already seeing so many constraints in labor force at the entry-level. Might already be this supply of new workers not being prepared. Don’t know all of industries they could go into. o Now is a great time to take advantage of offering internships. DO: Next Steps  Need to focus on workforce and partnerships  Keep an eye on the highest growth and lower earning population and vice versa – important trend to watch in terms of sales tax in community  Stage of life is different than generations – when preparing for millennials consider stage of life  Changing ethnic demographics – make sure people understand workforce options. Ensure that City Plan touches upon preparing for the changing demographics.  Compare forecasts at municipal level – share forecasts with Elizabeth. Bloomberg Harvard City Leadership Initiative  Mayor Wade Troxell reported that he traveled to NYC in mid-July for the in-residence portion of the initiative. It consisted of daytime classes and field-trips to various sites. For example, the cohort traveled to FDR’s memorial on Roosevelt Island.  Takeaways: o Data of all 40 cities compared to each other in terms of economic mobility. Fort Collins is about third in this category. o Action memos were utilized during classes. When someone was speaking you’d write an action item on a memo to be given to the speaker after class.  Darin mentioned excitement over learning to operationalize city as a platform and the idea of co-creation. Everyone has ability to co-create over next 100 years.  Kelly added that Fort Collins has great focus areas with City Fund and City Foundation. Public narrative and motivating change topics are what she is excited to hear. Operationalizing initiatives. Meeting adjourned at 5:52 pm