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HomeMy WebLinkAbout06232025 City Council Laydown KPEDD CIty of Seward Annual Overview and CEDS InfoKenai Peninsula Economic Development District Annual Overview, Economic Analysis and CEDS Engagement City of Seward June 23, 2025 KPEDD's Purpose and Objectives • The Kenai Peninsula Economic Development District (KPEDD) is a non-profit regional economic development organization established in 1988. • It is one of the four federally recognized Economic Development Districts (EDDs) in Alaska and was the first designated district in the state. • KPEDD also holds the Alaska Regional Development Organization (ARDOR) designation. • KPEDD's primary mission is to support, foster, and promote responsible and sustainable economic development in the Kenai Peninsula Borough (KPB). 2 Northwest Arctic Borough Community & Economic / Development Commission Fairbanks North Star Borough Economic Development Commission Bering Strait Development Anchorage Economic Council Development Copper Valley Corporation Development Association Southwest Alaska Municipal Conference ?.5 125 250 375 500 Miles Prince William Sound Economic Development District Kenai Peninsula Economic Development District Southeast Conference Southwest Alaska Municipal Conference Esri, HERE, Garmin, US The Nuts and Bolts: KPEDD is Mission - Driven and Strategy - Focused 3 Stakeholder Engagement KPEDD's Strategic Initiatives Workforce Development Economic Resilience Essential In Economic Fabric and Industrial Makeup - Conduit and Convener - Diversification Catalyst - Supporting Foundational Industries - Data and Analysis Resource - Adaptability and Responsiveness 4 Regional Development Initiatives and Strategies Industry Overview - -� Networking • - Connectivity - Infrastructure Job Growth - - Y Skills Training EconomicStrategy Regional Development LInitiatives Economic Goals - Federal Approval - -' - Business Education -- Resource Training - Energy Solutions - Arctic Focus - - Housing - Childcare Resiliency Toolkit Technical Support - Resource Expansion r'- Data Integration Geographic Mapping Made with Napkin Data Software and Data Analysis Tools: Efficiency and Scalability: Utilizing specialized software allows KPEDD to manage and process large volumes of diverse datasets efficiently. This is crucial for handling the complexity of regional economic data. Advanced Analytical Capabilities: Modern data analysis tools provide sophisticated statistical and analytical techniques to uncover hidden patterns, correlations, and trends that might not be apparent through manual analysis. - ArcGIS: Understanding the spatial distribution of economic activity and visitation. Community Development Assessment Housing Trends and Job Market Workforce Development Access to Quality Education Healthcare Quality and Accessibility Community Well-being Key economic indicators Preparing residents for job market Foundation for future opportunities Essential for residents' health The ultimategoall of community development Economic Development Profile esri Seward City, AK Geography: Place N c Labor Force by Industry Admin/Waste Management Real Estate Information Utilities Wholesale Trade Finance/Insurance Accom/Food Manufacturing Retail Trade Agriculture Arts/Entertainment Transportation Prof/Tech Mining Other Services Educational Services Health Care Construction Public Admin 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% - 1.7% - 2.6% 2.9% - 3.2% 3.5% 4.3% 4.5% 5.0% 5.2% 6.3% 11.2% 13.2% 1 7.3% 19.0% O°\° ° o\a\° e\° e\° off° tip° a\° o\o tip° o\° Percent in Labor Force 23.6% 26.1% Services Blue Collar Employment Workforce Overview 318 Businesses Total Businesses Source: This infographic contains data provided by Esri (2024), Esri-Data Axle (2024), ACS (2018-2022), Esri-U.S. BLS (2024), AGS (2024). • 50.4% White Collar 2,994 Total Employees THE SCIENCE OF WHERE" Commute Time: Minutes Commute Time 90+ -0.0% 60-89 -0.0% 45-59 -0.0% 40-44 2.0% 35-39 -0.0% 30-34 -0.0% 25-29 -• 2.7% 20-24 H• 4.5% 15-19 24.1% 10-14 H• 9.7% 5-9 - 38.2% < 5 18.8% 11111111 0% 10% 20% 30% 40% Percent of Commuters Transportation to Work 0.0% Took Public Transportation 17.6% Carpooled 5.0% Bike to Work •x 9.3% Walked to Work • 56% Drove Alone to Work © 2025 Esri KPB COMMUNITIES KPB Place Nikolaevsk CDP 2024 Change Since Pop. 2020 398 21.3% KPB Place Soldotna city 2024 Change Since Pop. 2020 4,552 4.8% Clam Gulch CDP 247 19.3% KPB Total 61,350 4.3% Kachemak city 677 17.5% Diamond Ridge CDP 1,386 4.2% Fritz Creek CDP Anchor Point CDP 2,534 12.7% Nikiski CDP 4,618 3.6% 2,359 12.1% Seldovia city 242 3.0% Ninilchik CDP 939 11.1% Homer city 5,648 2.3% Happy Valley CDP 775 8.7% Kenai city 7,555 1.8% Kalifornsky CDP 9,118 7.4% Salamatof CDP 1,096 1.7% Funny River CDP 1,183 7.3% Ridgeway CDP 2,166 1.4% Sterling CDP Kasilof CDP 6,324 6.9% Moose Pass CDP 228 0.0% 559 6.5% Nanwalek CDP 233 -5.7% Cooper Landing CDP 365 6.1% Bear Creek CDP 2,000 -6.1% Fox River CDP 679 5.4% Seward city 2,483 -8.6% Cohoe CDP 7 1,549 5.3% Note: Does not include places or CDP's with less than 200 people. CDP = Census Designated Place. Source: AK-DOLWD Population Estimates (July 2024 vintage). Comprehensive Economic Development Strategy Action Plan Specific steps to achieve economic goals Economic Growth and Resilience The ultimate goal of the CEDS Measurable targets for economic SWOT Analysis Identifies strengths, weaknesses, opportunities, and threats Community Input Broad participation in the planning process The Comprehensive Economic Development Strategy (CEDS) is: - Instrumental in facilitating and supporting economic development projects Can help in creating strategies for significant, impactful economic development planning Serves as a roadmap for current planning projects and future projects KPEDDS's role is multifaceted and includes developing and implementing the region's Comprehensive Economic Development Strategy (CEDS) every five years. 2020-2025 Kenai Peninsula Regional CEDS Overarching Goal: Quality of Life Goal 3: Business Climate and Entrepreneurship - outreach, education, and information sharing support business resiliency, improve access to capital for existing and emerging businesses, develop and support entrepreneurship and new business formation, and support emerging sectors with high growth potential. https://kpedd.org/ceds/ Goal 1: Technology and Telecommunications Advancement —Improve Digital Infrastructure that will allow enhancement and advancement of economic activity, educational opportunities, and health care advancement and promote increased competition for economic growth and retention of remote workforce. Goal 4: Infrastructure, Land, Use and Natural Resources- Industry -focused infrastructure, building stability and resiliency in transportation while promoting responsible use of land; sustainability planning, economic growth factors, planning and zoning considerations for future development. Leadership to enhance, foster and promote economic development Goal 2: Workforce and Human Capital —Build stronger industry partnerships allowing K-12 students, Vocational Tech, secondary, post- secondary, and adult education sectors to offer robust and attractive programs for certifications, education, and advancement opportunities. Attract, train, retain, and invest in a qualified workforce, connecting job seekers to employers and training opportunities. Goal 5: Build and Grow Regional Partnerships for Resiliency: Strengthen relationships among industries, municipalities, communities, and non -profits. KPEDD 2026-2031 CEDS Kickoff Survey Share Your Voice & Shape Our Economy KPEDD is updating the Kenai Peninsula's Comprehensive Economic Development Strategy (CEDS), and we want your input. Our interactive Mentimeter survey, open through November 2025, lets you share your priorities to guide regional economic growth. Your feedback helps ensure the CEDS reflects the real needs and opportunities of our communities. 10 ■ 711: ilm ermmll mm i.rz".(m- . 0 rm le .mre Corm ' gri4. I ' 11.1 II HA q my ■ • readerrr,p enlmnee, fiver and promote economic development Thank you Cassidi Cameron, Executive Director cassidi(a�kpedd.orq (907)283-3335 ext. www.kpedd.org RENAL PENINSULA ECONOMIC DEVELOPMENT DISTRICT Leadership to enhance, foster and promote economic development Follow us on Socials for current KPEDD info, news, happenings and events. 0 0 a