HomeMy WebLinkAbout03-04-19 Work Session Minutesr%
uublin City Council Work Session
Monday,, March 4, 2019
Council Chambers
Mayor Peterson called the Monday, March 4, 2019, Work Session of Dublin City Council to order at
5:02 p.m. at Dublin City Hall.
Members, Dresent were: Mayor Peterson, Vice Mayor Amorose Groomes, Ms. Alutto, Ms. De Rosa,
Mr. Reiner and Ms. Fox. Mr. Keenan was absent.
Staff members es.ent: Mr. McDaniel, Ms. Gilger, Ms. Goss, Ms. Mumma., Ms. Burness, Ms,,
Richison, Mr. Plouck, Mr. Kridler, Mr. Gracia, Mr. Stiffler and Ms. Crandall.
Ms. Gilger reviewed the agenda for the work session. She stated that it was time to assess and
update the economic development strategy. In doing so, there will be quantitative input and
qualitative input from a number of data sources. The City has partnered with TEConomy to review
initial data assessments analyze data, and apply Dublin -specific dynamics.
Ms. Gilger introduced Kenny McDonald, from Columbus 2020, who was in attendance. She also
introduced Deborah Cummings, Ryan Helwig, and Joe Simkins from TEConomy Partners, LLC. Ms.
Gilger shared the proposed project schedule, concluding with adoption of a final report in late
August. She invited Ms. Cummings to come forward.
Economic databases are often defined by the level of detailed geography they produce estimates
for. Each of these databases have specific strengths, limitations and reporting contexts, which
provides a broader consensus view of insights that are invaluable to strategic planning. These
sources will be utilized to measure what has happened in the Dublin economy, how it has
performed and what needs to be done moving forward.
The initial study focused on industry clusters. Twelve industry clusters have been identified.
There is a slight modification from the 2012 report regarding the separation of e-commerce into its
own cluster due to the advent of Amazon. Another slight modification from the 2012 report is that
the Tourism, entertainment and arts did not include hotels, but they have since been added.
Ms. Cummings stated that when looking at industry clusters, they look at data and run algorithms
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to determine if the cluster is specialized. She provided an illustration of an industry targeting
,?.nalysis decision tree that helps determine the analysis of specialization, arowth and competitive
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Dublin City Council Work Session
Monday, March 4,2019
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Mr. Helwig shared that Dublin"s reliance on share of employment by top employers continues to
decline, indicating growing economic diversity. The companies that have remained in Dublin sinc
2010 shows their employment has remained flat. On the business formation front, the start-up
rates display a mixed trend, but Dublin has balanced out at about 6%. This is a topic that the CI
will want to learn more about. I
Mr. Helwig stated that Macro indicators, to summarize, show:
• Dublin is experiencing very strong population growth,
• Dublin's population is highly educated;
• Dublin has seen double-digit employment growth during the economic expansion'- and
• Business establishments have increased 10% (reducing reliance on top employersl),,
Dublin City Council Work Session
Monday, March 4, 2019
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• Growth in local business support services needed to sustain major employers is not keeping
pace with US rates; and
• Dublin is not capturing broader Columbus growth in medical biosciences and healthcare
services despite major cluster presence.
In response to Ms..Alutto"s question, Mr. Helwig stated that they are both 1099 and W4
employees.
Ms. De Rosa stated that she e-mailed some questions in advance of this presentation.
Ms. Cummings stated that they did receive her questions and they will gladly address her
Dublin City Council Work Session
Monday, March 4, 2019
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ffIr. Reiner inquired about the net worth of people coming into Dublin and whether it is more or
less now than the people who came in the 1970"s. He wanted to know if the corporate CEO types
are going to other suburbs. He would like to know how to address that, if that is the case.
Mr. Helwig stated that they have looked at occupational trends and earnings over time. They
would have to investigate how far back they could track that information.
Ms. Alutto stated that she had the following questions:
ublin City Council Work Session
Monday, March 4, 2019
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Ms. Alutto stated that she agreed with Ms. Fox that it is important to recognize some creative
incentives to attract businesses. Dublin has levers that other communities don't have and they
iw-hould be recognized and utilized.
Mayor Peterson asked about the clustered Industries and average salaries. Dublin"s average salary
exceeds the national average as well as the average for Columbus?
Mr. Helwig stated that was correct.
Ms. De Rosa referred to the presentation that was given,, specifically the detailed profiles of the
regional clusters and recent performance in Dublin. She asked about the employment for 2017;
she believes the headquarters count should be higher.
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Monday, March 4, 2019
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Ms. Fox stated that understanding the trends and industry sectors is helpful. If Dublin attracts a
headquarters, then that is "icing on the cake."
Ms. Cummings stated that when looking at trends, the industry headquarters must be in the count
to get the full picture, but they will look at it several different ways as they work through the data.
Mayor Peterson thanked TEConomy for the work they have done. He also thanked staff fo
staying focused on this as it is so important for the community. I
The meeting was adjourned at 6:22 pm.
puty erk of Council