Sunday, July 17, 2005
More and more communities are understanding that attracting retirees provides the same economic impact as factory jobs. According to recent research, the average retiree household brings with them $370,000 in assets and $41,000 in annual income. They focus their spending locally. Unlike unlike young families, retirees pay more in taxes than they receive in services.
Additional research has indicated that 2.75 jobs are created within with each new retiree household. The economic impact of a retiree household is the same as 3.7 factory jobs. Read more.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Recruiting retirees
