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<br /> <br />DRAFT FEBRUARY 7, 2012 <br />density bonuses, adopting a by-right housing palette, among others, so <br />that there is a sufficient and diverse housing supply (i.e., the rooftops <br />needed to support retail expansion). <br />Focus Area 5 – Continued commitment to placed-based <br />economic development. <br /> <br />Businesses that do not depend on or need the local and regional <br />infrastructure established for the shipping and container industry (i.e., the <br />ports, state highways, railways and rail yards) will choose to locate (or not <br />choose to locate) in La Porte for a multitude of reasons. Years ago, these <br />decisions were primarily related to location and costs of doing businesses. <br />While these are still extremely important, the business environment in the <br />st <br />21 Century has undergone drastic changes as the national economy is <br />transitioning from being manufacturing-based to service-based. <br />Traditionally, economic development was mostly focused on recruiting <br />businesses to locate in your community. This approach depends heavily on <br />large incentives, such as tax abatements, free land, and reduced costs <br />Quality of Life Challenge <br />for infrastructure. While these types of services certainly remain an <br /> <br />important part of the overall business/industry attraction process, <br />One challenge facing local <br />most organizations stop at this point. Fortunately, these are only the <br />governments in their endeavor to <br />most basic tools in the economic development toolkit. <br />accommodate future growth is <br /> <br />ensuring an adequate quality of <br />Nurturing and attracting talent is perhaps the most fundamental issue <br />life for area residents and <br />st <br />for creating long-term sustainable economic vitality in the 21Century. <br />businesses. <br />Much of this is due to the changing needs of U.S. employers as the <br /> <br />economy transitions from manufacturing to services. But this “talent” <br />Public services such as health, <br />goal implies more than workforce development and training. It also <br />safety, and education, along with <br />encompasses the idea of recruiting people. <br />amenities such as cultural and <br /> <br />recreational opportunities, scenic <br />As denoted in Chapter 1, Demographic Snapshot, La Porte’s population <br />natural areas and “community <br />growth will not meet the expectations established by the H-GAC 2035 <br />character” are becoming <br />Forecast due to limited areas remaining for residential development, <br />increasingly important factors in <br />combined with a relatively low-density pattern of development that <br />the economic competition among <br />currently exists in the City today (and is expected to continue in the <br />and within regions. <br />future). Further, the Demographic Snapshot shows that the City’s <br /> <br />younger cohorts (i.e., 40 to 44 years and younger) are decreasing, while <br />Investments and public policies <br />the older cohorts (i.e., 45 to 49 years and older) are increasing in size. <br />aimed at improving quality of life <br />appear to have the potential to This will result in an overall aging of La Porte’s population. To maintain <br />yield economic benefits by <br />a healthy and sustainable workforce, La Porte must focus on attracting <br />maintaining or improving the <br />and retaining younger workers. <br />region’s desirability as a place to <br /> <br />live and work. <br />The quality of education can enhance a community’s ability to attract <br /> <br />and retain a younger demographic, as well as talent, in general. The <br />Source: 2009-2011 Comprehensive <br />quality of schools plays a pivotal role in attracting families and <br />Economic Development Strategy, Gulf <br />Coast Economic Development District. <br />employers to an area. The perception of low-quality schools can be a <br />5.20 <br /> <br />Chapter 5 <br /> <br />