Wellington Economic Inventory Analysis - URP 6920 Planning Workshop Fall 2011 1 Wellington Economic Inventory Analysis
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Wellington Economic Inventory Analysis URP 6920 Planning Workshop Fall 2011 1 Wellington Economic Inventory Analysis
Table of Contents Executive Summary ................................................................. 4 Chapter Four: Local & Regional Business Climate ................ 64 Chapter One: Changing to Stay the Same .............................. 9 Local Industry Dominance and Sector Prevalence ...... 64 The “Great Hometown” Character of Wellington ........... 9 Local Health Care Cluster ........................................... 64 Equestrian Community in Wellington .......................... 11 Wellington’s Workforce ................................................ 65 Business-Friendly Culture of Wellington ..................... 12 Commuting Patterns .................................................... 67 Responsive Governance ............................................. 13 Business Culture ......................................................... 69 Chapter Two: Self-Discovery ................................................. 14 Big-Box Stores ............................................................ 73 Who are the present Wellingtonians? ......................... 14 Medical Facilities ......................................................... 74 Who are Wellington’s competitors? ............................. 19 Veterinary Facilities ..................................................... 78 What are their consumption habits? ............................ 23 Six Pillars Initiative ...................................................... 78 Who can Wellington attract today and in the future? ... 25 Life Sciences and Research Facilities ......................... 78 Which demographic aspects can shape Wellington’s Primary and Secondary Education .............................. 80 future? ................................................................................ 31 Higher Education ......................................................... 82 Chapter Three: Physical Assets and Competitiveness ......... 33 Business Climate of Wellington ................................... 84 Development and Redevelopment .............................. 33 FAU SURP Research Team................................................... 85 Redevelopment: Focus on Specific Sites .................... 35 Developable Areas ...................................................... 39 Green Space and Pedestrian Facilities ....................... 42 Critical Facilities .......................................................... 44 Networks ..................................................................... 46 Property Market ........................................................... 54 3 Wellington Economic Inventory Analysis
Executive Summary structures, transportation characteristics (travel time to work), occupation, class of workers, educational attainment, and housing occupancy. Later, the findings from the key areas were compared to the findings from four other comparable Wellington is a community of 56,508 people, located on 44.9 cities in South Florida including Jupiter, Royal Palm Beach, square miles of land in Palm Beach County, Florida1. Coral Springs, and Weston. Key findings from the Wellington is a family-oriented community with 79 percent of demographic analysis include: its households comprised of families. With its “Great Hometown” character and exceptional equestrian resources, In terms of the Total Population and Population Density, Wellington is a unique community in Palm Beach County and across the three geographic areas, there was an influx of in South Florida. new residents. More specifically, the population density within the 30 minute heavy drive time area increased the This report provides the results of the Economic Inventory most. This presents historic opportunities for Wellington in Analysis for Wellington. The Economic Inventory Analysis was terms of increased demand of people who are likely to live conducted in three parts: Demographic Analysis, Physical and/or work in Wellington. Resources Analysis and Economic Conditions Analysis. Each In terms of Age, the group with the least number of people part focused on identifying the key questions and variables, in Wellington is between 20-34 years old. Wellington is a data collection, analysis, and interpretation of results. family oriented community; the residents between 35-49 years old and below 19 years old represent the two most Demographic Analysis dominant age groups. The small number of 20-34 year old The first stage of the project focused on demographic analysis age group residents shows that young people who are out and compared Wellington with the 30-minute heavy-traffic of college and/or young professionals in the early stages of drive-time radius (HDR) and the 30 to 60-minute heavy-traffic their lives do not stay in Wellington. Some of the younger drive-time radius (HDR) areas around Wellington. residents of Wellington might be moving to other places when they reach this stage, which might suggest a Sixteen variables were examined for the demographic analysis possible brain drain from the residents. of the three geographic areas including total population, The Household Size within Wellington is greater than that population density, ethnicity, age, gender, language of the surrounding 30 and 30 to 60-minute HDR areas characteristics, number of households, household size, emphasizing the strong family character of the community. households by number of vehicles, household income, age of With regard to Household Income, the inflation adjusted data suggests that the median household income in 1 Source: 2010 U.S. Census Wellington has declined over the course of eight years. 4 Wellington Economic Inventory Analysis
For the 30 to 60-minute HDR area, the data suggests concentration of its residents (25 years or older) having income polarization. These are the effects of the current Bachelor’s degrees or higher. economic recession. Demographic Analysis results generally show that Wellington With regard to Travel Characteristics, the most significant is a high-income and highly-educated community that has the conclusions drawn from the analysis indicate that residents potential to attract more residents from the region. Compared that live within the 30-minute HDR are traveling to to other cities with similar characteristics, Wellington has Wellington for work related reasons. On the other hand, strong competitive advantages in relation to its demographic the majority of residents that live within the 30 to 60-minute characteristics and community profile as a family-oriented HDR are not traveling into Wellington for work. If community. Wellington would like to attract more people from this area, the amount of high-paying job opportunities in the city Physical Resources Analysis needs to be increased. With regard to Occupation/Class of Workers across the An analysis of the physical resources within Wellington and three geographic areas, White Collar occupation inside a 30-minute HDR around Wellington was conducted to constitutes the largest class of workers. determine the viability and sustainability of the community at With regard to Educational Attainment, 21.29 percent of large. Key findings for this analysis include: residents, age 25 or older, within the 30-minute heavy traffic drive time area and 29.30 percent of the residents Wellington has approved 5.5 million square feet of new within 30 to 60-minute heavy traffic drive time area have development as of 2011. 82 percent of this development is obtained Bachelor’s degree or higher. This percentage is approved for non-commercial uses. Most of the 37.94 percent for Wellington, which shows that Wellington development has been approved outside of the urban core. has a higher concentration of university educated residents Vacant residential land accounts for 90 percent of all compared to surrounding areas. vacant land. Of this, 84 percent is located in the equestrian In terms of comparison of Wellington with other four cities, preserve. Of all the vacant non-residential land, 85 percent the results affirm that demographically these cities are is located in the urban areas. similar. All of the communities are family-oriented with The lack of housing stock diversity is a weakness for similar household size and high median income. Median Wellington. The community is relatively uniform in terms of age also remains around the same level. the types of housing that it offers. This is a challenge in Wellington has the second highest median household terms of attraction of new residents. income after Weston. In terms of educational attainment, Presently, Wellington’s retail competitiveness is on par, Wellington is again ranked second after Weston in terms of which suggests that the community is neither under-served nor over-served and is relatively stable. Wellington’s retail 5 Wellington Economic Inventory Analysis
competitiveness can be found chiefly on Forest Hill one day encroach upon space reserved for the equestrian and Boulevard and could go up or go down depending on the conservation areas. market condition. Economic Conditions Analysis Wellington’s critical facilities adequately meet the demands of the community and parks, schools, police stations, and In the Economic Conditions Analysis, the topics that were the like are at optimum level. Ultimately, Wellington’s examined include the contribution of the Wellington’s residents critical facilities should accommodate an additional 5,000 to its economy in comparison to four cities (Jupiter, Royal to 6,000 residents, but in that case, Wellington may require Palm Beach, Coral Springs, and Weston); the contribution of more critical facilities. Thus, Wellington should invest the major physical assets to Wellington’s economy; and the carefully in these aspects. regional context for Wellington in terms of key economic Wellington is well situated at the edge of major traffic flows, variables. In the regional context, Wellington is compared to characterizing it as an origin and destination, rather than a the 30-minute HDR, 30 to 60-minute HDR and the county. Key pass-through location. It is well connected to the major findings are: cities and transportation nodes located to the east via road networks. In contrast, north-south connectivity is limited for Between the five cities, the industries of employment for Wellington. residents is similar. Among the five cities, Jupiter is the The lack of connectivity between the agricultural area, only city with more people entering for work compared to equestrian area, urban core, and commercial fringe poses people who are going to other places to work. In all other a challenge to the overall connectivity within Wellington. cities including Wellington, more people leave to work in Uniting them could present an opportunity to strengthen other cities compared to people who come to these cities the community identity. to work. Wellington’s principal strengths come from good city Wellington does not provide enough higher paying jobs for planning. The community’s effort to spearhead a medical the people that live there. Furthermore, the workers that arts district alludes to a bold initiative that will make use of are coming into Wellington are coming in for lower-wage the resources of the Wellington Regional Medical Center. jobs. The younger age group of workers (29 and under) represent the smallest proportion of all workers coming in, Results of the Physical Resources Analysis show that staying or leaving Wellington for work. This shows that this Wellington possesses strengths for development and age group is shrinking in Wellington. Even though the redevelopment through the use of land and the building of new working population that are in the 29 and under age range structures. There are still some parcels of vacant land and represent a lower segment of the population, this age several under-utilized buildings, which are ideally situated in group is primarily working in Wellington. It would benefit the community and can be developed or redeveloped. However, development and redevelopment is limited and may 6 Wellington Economic Inventory Analysis
Wellington to strive to add higher wage jobs as many governmental taxes. Wellington needs to utilize its people leave the city to work somewhere else. equestrian preserve resource in a way to create more In Wellington, the community exercises effective revenue for the community. governance and has strong leadership within the different In terms of industry, Wellington holds many opportunities governmental levels. for the future, based on relatively strong retail and Wellington holds a business-friendly culture. City officials healthcare sectors. Wholesale and other industrial uses and local business owners, residents and the Chambers of are very limited in the area. Commerce all are welcoming of new business investment Wellington High School is the only school with an Equine into the community. The community holds an identifiable and Pre-Veterinary focus. Building on this educational Medical Arts District, which is in plans of expansion, as well aspect, partnering with a university and creating synergies as a large retail sector which is also growing. between the equestrian industry and medical arts may add Wellington once relied on the continued proliferation of to the economic competitiveness of Wellington. planned development communities with single family The Life Sciences sector is increasingly important in Palm dwellings in order to fulfill its housing demands and further Beach County. In this regard, current and future firms in grow its local economies. After the real estate crisis, this Wellington may one day find themselves competing with resource simply does not exist anymore. In turn, like in firms such as Scripps and Max Planck on a multi-scalar other communities in South Florida, Wellington is now level. Wellington needs to plan immediately how to assist faced with a high-level of foreclosures. The largest to ensure the success of firms in its Medical Arts District concentrations of foreclosures are in the non-equestrian and possibly encourage other firms in Palm Beach County areas. to relocate to Wellington while promoting the appeal and The equestrian identity that Wellington has been able to advantages of Wellington community. There is tremendous obtain and maintain is a major opportunity for the potential for growth in this area in the years to come. community. The fact that Wellington holds the largest and Economic Conditions Analysis demonstrates that in order to longest running Equestrian Festival in the world presents a seize on growth opportunities, Wellington has to creatively unique opportunity for economic and community utilize its unique economic assets by creating synergies development and is a competitive advantage in the region between the equestrian industry, medical arts, and retail as well as in a global scale. sectors. True innovation lies in the junction of these unique Between 2005 and 2009, agricultural and non-agricultural resources. Creating high-paying jobs through medical arts and equestrian preserve taxes as a source of tax revenue has life sciences is important for the economic future of Wellington. steadily declined in proportion. In 2005, equestrian preserve taxes were 13 percent of total governmental taxes, while in 2009, it was seven percent of total 7 Wellington Economic Inventory Analysis
Key Questions After the completion of these three analyses, key findings and results were organized to answer following four major questions. The chapters in this report are also organized according to these questions, which are: 1- What does Wellington need to change to stay the same as a “Great Hometown”? 2- Who are the present and future residents of Wellington (A Self-Discovery)? 3- How do the physical resources contribute to the competitiveness of Wellington? 4- What is the local and regional business climate for Wellington? Wellington is a “Great Hometown” and a desirable place to live, both now and in the future…. 8 Wellington Economic Inventory Analysis
Chapter One: Changing to place that is missed once one is away. These characteristics can all be examined under the concept of “urban livability”, Stay the Same which is about the attractiveness of a place for people. Although, the definition of this concept is subjective according Wellington has indispensable assets that add to its “Great to different communities and people, the American Institute of Architects identifies some common principles that are Hometown” character. In order to preserve the associated with urban livability2. These principles include community identity in this fast changing world, Wellington offering variety of choices in housing, recreation, employment, needs to embrace and plan for the changes in its urban shopping, and transportation; human scale and walkability; environment. mixed-use developments; vibrant public spaces that stimulate face-to-face interaction and public art; neighborhood identity The “Great Hometown” Character of Wellington with a sense of place; preservation of open spaces; protecting environmental resources; providing a variety of transportation “A place where you can raise a family, where your children return to choices; restoring the existing developments; and excellence raise their families and where you can comfortably and actively age in design of the built environment. All of these principles aim to in place. We are Wellington—recognized as one of the Best Places to create more healthy, enjoyable and safe living choices for Live because of what we offer.” people. (Source: Community Investment, ) Wellington has well-maintained neighborhoods, top-rated schools, many parks, unique equestrian resources, and high level of services, all of which contribute to the “Great Hometown” character. In the past 20 years, Wellington’s population has almost tripled. Wellington is a family-oriented community. Currently, around 79 percent of the households in Wellington are comprised of families. Most residents are in the 35-49 year age group, whereas the 20-34 year range has the least number of residents. Median household income in 2010 has exceeded $79,000, which is high compared to other communities in South Florida. Picture 1.1: 9/11 Monument in Wellington, a key asset demonstrating community values of a “Great Hometown” Wellington’s “Great Hometown” catchphrase is associated with 2 a place that offers quality amenities for its residents and a Kelly, J. (2007) “Reflections on the Most Livable City: AIA’s 10 Principles of Livable Communities” Columns. Oct. 07, pp. 6-13. 9 Wellington Economic Inventory Analysis
Wellington, as a “Great Hometown”, has many of these characteristics. It is truly a place and community with high livability. In 2010, Wellington was chosen as one of the “top 100 places to live” by the CNN Money magazine by looking at indicators including jobs, schools, safety, commute times, housing affordability, median family income, median age, weather, and air pollution. From Florida, there were two other places that are ranked in the top hundred, Coral Springs and Coconut Creek. Achieving livability and building great communities are always works in progress. Providing options in tune with the emerging global and regional trends is a key to Picture1.2: Aerial view from Midtowne in Wellington, an area that serves as a attract and keep residents in Wellington. spine corridor for Wellington In this rapidly changing world, where people are connected The family-oriented character is an important asset in globally through technology, the choices offered in Wellington. Based on where people and families are in their communities should always be under constant analysis. In this life development stage, their preferences and what they can fast world, people’s living, entertainment and consumption afford change. Family-oriented character should not be only habits change quickly. Wellington is a high-income level about attracting and keeping families as residents of community, which indicates that residents of Wellington will be Wellington, but it should also be about attracting and keeping more open to customized consumption and specialized tastes family members in every stage of their lives. in shopping and entertainment as well as in housing related choices. For example, gourmet restaurants and boutique Wellington has many communities with different stores might be attractive to Wellington’s residents as much as characteristics. There are traditional neighborhoods, golfing the chain restaurants and stores. Also, through this type of communities, equestrian areas, as well as very unique places consumption, Wellington might become an important magnet including an aviation community and the Rustic Ranches. for the residents in the surrounding communities. Because of this variety, constructing a singular place identity is a challenge. These diverse communities and neighborhoods can be brought together in various different ways. Creation of a well-utilized pedestrian-friendly environment that connects destinations such as public plazas, parks, restaurants, and shopping areas can be one way to enhance and create a vibrant area. In Wellington, it is very easy to envision an 10 Wellington Economic Inventory Analysis
environment where people know each other, share experiences, and embrace the “Great Hometown” character. Equestrian Community in Wellington The equestrian community truly gives Wellington a global identity as “the winter equestrian capital of the world”. The Palm Beach International Equestrian Center (PBIEC) reports that between December and April, more than 7,000 local and visiting horses compete in sports including show jumping, Picture 1.3: Equestrian events held in Wellington hunter, dressage, western/trail riding, driving and polo. PBIEC organizes the Winter Equestrian Festival (WEF), which is the Wellington has a global brand, which attracts many people largest and longest-running event in horse sports (12-weeks) from different parts of the region, country and the world. This held annually from January through April. Riders and horses global brand has great potential to be utilized as an urban from many countries and the U.S. come to Wellington to marketing and economic development strategy. In city compete in these events. The International Polo Club, located marketing, the challenge is to find a balance between in Wellington, is also considered as one of the best polo standardization and differentiation3. City marketing strategies facilities in the world and hosts tournaments between January both demonstrate a level of development in a place that is as and April. strong as the competitors’ and at the same time they accentuate the unique opportunities offered by the urban With its equestrian identity, Wellington is compared to places context. In this regard, authentic character of the place is the such as Lexington, KY and Ocala, FL, which are designated as most important asset. “Great Hometown” character of the “Horse Capitals of the World” by the U.S. Department of Wellington defines a unique identity for Wellington. Based on Agriculture. In the world, Wellington is on the list with important the global equestrian identity and the uniqueness of the equestrian communities including Newmarket, England, which community in the region, the question for Wellington becomes is the birthplace and global center of pure bred horse racing, “Great Hometown for whom?” In this regard, it is important to and Chantilly in Paris, France, known as the prince’s city and recognize different groups that live and visit Wellington and an equine capital. In terms of Polo, Wellington is in the same understand their needs. list with places such as St. Moritz, Switzerland. 3 Doel, M. and Hubbard, P. (2002) “Taking World Cities Literally: Marketing the City in a Global Space of Flows”. City. 6(3), pp. 351-368. 11 Wellington Economic Inventory Analysis
frontier of Florida’s economy. Palm Beach County is one of the Business-Friendly Culture of Wellington leading counties in the state in terms of pursuing growth in the life sciences sector. In this respect, Wellington is in tune with “The role of municipal government is to facilitate business the economic context of the county and the state. development through the provision of adequate infrastructure and a friendly government environment. Business needs to be able to grow and prosper. The community needs to address the issues of neighborhood revitalization, infrastructure and facilitation.” (Source: Economic Development, ) Wellington has approximately 2,600 businesses. Wellington Green Mall and Wellington Regional Medical Center are the two largest employers in Wellington. The current economic situation has proven that communities should develop and implement more attractive models for businesses. Wellington Picture 1.4: Medical Arts as a possible economic development strategy in recognizes this and attempts to diversify its economic base by Wellington pursuing businesses that are based on high-paying innovative jobs that are sustainable, which is about efficient use of The workforce of the knowledge economy that deals with resources to create short and long term profits. In Wellington information and innovation belong to the “Creative Class”. A 2060 vision, one of the topics emphasized is about creating a 2 common theme present in all the workers of the Creative Class million square feet Medical Arts District focused around the is their high level of education and skills. As Richard Florida Wellington Regional Medical Center. It is expected that such a states, the workers for these types of industries know that their district will add around 6,000 jobs to Wellington’s economy and basic needs will be met by any city, therefore they are more may also offer alternative job opportunities for the residents discerning about where they choose to live. They look for that are working outside of Wellington. amenities such as cultural events and parks and they are more concerned with the quality of life in an area. The Creative City This characteristic of Wellington might be examined in relation concept connected to the Creative Class is about 3 T’s: to the recent economic development vision in Florida focused Technology, Talent and Tolerance4. A city that has more of the around the knowledge economy, specifically the life sciences 3 T’s will be more successful in attracting businesses and sector. Since 2002, there is a deliberate effort in Florida to people. It is important to note that the Creative City concept is diversify the economic base comprised of construction, deemed to be more applicable to the metropolitan area scale tourism, and agriculture with high-tech knowledge based industries. Life sciences including medical arts are seen as the 4 Florida, R. (2002) The Rise of the Creative Class. Basic Books: New York. 12 Wellington Economic Inventory Analysis
than the individual cities5. Still, with the emerging life sciences Responsive Governance sector and attention paid to arts and creative industries, Palm Beach County and South Florida provide a fertile context for “Whether through personalized pre-application meetings with the the Creative Class and this is an issue that should be taken Wellington review team, using expedited permitting with a single- into account by Wellington. point of contact to help you through the process, help with designing a customized zoning district or putting you in contact with the right people, we can help you get your project started off on the right foot As noted earlier, in Wellington, the smallest age group is the and keep it moving through a clear and consistent process.” between 20 and 34. This means that young post-college (Source: Responsive Government, ) professionals do not prefer to live in Wellington especially in this stage of their lives. Thus, this analysis may also indicate Wellington embraces local businesses and residents as their that children of families who live in Wellington may leave customers and believes local government should work as a Wellington after college. For this reason, it is possible that partner with these groups. Wellington’s government structure Wellington may be experiencing “brain drain”. Data indicates is built on innovation for more efficiency in the administrative that Wellington teens are graduating high school, heading off structure as well as building relationships with residents and to college and then not choosing to return. The question then businesses. becomes whether or not Wellington is willing to make the changes to attract these people back to the community. These This view of local government as a partner to residents and young professionals may be first-time homeowners that may businesses is more applicable to the general framework of be priced out of the city or they may have life style choices, “governance”, which involves the processes of decision- which are not found in Wellington. If Wellington wants to attract making and implementing these decisions7. There are many this young professional workforce back to live and remain, it formal and informal actors taking role in governance and needs to provide living, entertainment and career related government is only one of them. Thus, this framework implies choices that cater to the life style of these young professionals. the need for formation of more fluid networks between The creative knowledge economy depends on creating an stakeholders to make decisions with more events and “innovative milieu”6 in which informal relationships play a communication. crucial role in collective learning and adapting to change. Planning the urban context of Wellington should strive to develop this “innovative milieu” for its workers and residents. 5 Lewis, N.M and Donald, B. (2010) “A New Rubric for ‘Creative City’ Potential in Canada’s Smaller Cities” Urban Studies 47 (1), pp. 29-54. 6 nd 7 Castells, M. (2010) The Rise of the Network Society. 2 Edition. Wiley-Blackwell: Stoker, G. (1998) “Governance as Theory: Five Propositions”. International Social West Sussex, UK. Science Journal. 50 (155), pp. 17-28. 13 Wellington Economic Inventory Analysis
steady growth during the last twenty years. However, it is important to mention that Wellington was incorporated in 1996. Chapter Two: Self-Discovery Population density has remained steady between 2000 and 2010. The population of Wellington has been consistently Wellington is embarking on a period of self discovery: growing at around 18,000 people per decade. Population in Discovering its strengths, discovering its weaknesses, Wellington is highly concentrated around the Urban Core8. discovering which characteristics define a “Wellingtonian” There is a higher density cluster near SR 441 and the majority and where they live. As Wellington recognizes these of the remaining area is rural and equestrian preserve area. characteristics they can begin to evolve and shape their Wellington’s age and gender demographics are depicted in the following pyramid. Note that the age group between 20 and 34 community. years are smaller compared to other age groups (Figure 2.1). Who are the present Wellingtonians? 2010 Population by Age & Gender South Florida has seen rapid growth for the last twenty years, Female Male and so has Wellington. Demographic data reflects a great 172 253 change in population, immigration, education, and social 80 to 84 years 320 420 492 546 characteristics. Wellington developed from a farming 70 to 74 years 641 748 1,074 1,083 community rated as one of the “Best Places to Live” by CNN 60 to 64 years 1,549 1,583 1,908 2,064 Money Magazine in 2010. 50 to 54 years 2,324 2,537 2,477 2,905 40 to 44 years 2,217 2,661 Wellington has seen rapid growth in all demographic areas 1,621 2,018 30 to 34 years 1,165 1,396 during the past decade. The U.S. 2010 Census reports a total 1,186 1,247 20 to 24 years 1,491 1,414 population of Wellington as 56,508. Table 2.1 shows the 2,350 2,333 10 to 14 years 2,610 2,517 2,110 1,987 Population and Population Density Wellington, Florida 1990-2010 Under 5 years 1,463 1,434 Absolute Percent 3,000 2,000 1,000 0 1,000 2,000 3,000 Category 1990 2000 2010 Change Change 17,935 46.5% Figure 2.1: Population by Age & Gender (2010 U.S. Census) Population 20,670 38,573 56,508 (2000 to (2000 to 2010) 2010) Population 1,228 1,258 8 Density (Sq Mile) Urban Core refers to the densely populated area outside the Equestrian Preserve Area, bounded by the Southern Boulevard in the north, US 441/ SR7 in the east, Table 2.1: Population and Population Density Wellington, Florida 1990-2010 Forrest Hill Boulevard, South Shore Boulevard and Pierson Road in the south, and (U.S Census) 140th Avenue, Greenview Shores Boulevard, Ousely Farms Road, and canals in the west. 14 Wellington Economic Inventory Analysis
The average household size in Wellington is 2.93. 80 percent 2.1). As shown in Figure 2.3, median income has increased of all the households are comprised of families. These families between 2000 and 2010. On the other hand, inflation adjusted have young children that go to Wellington’s schools. These median income actually indicates a decline in the median families are most likely to have cars for each parent and income level between 2000 and 2010. additional cars for either travel or recreation. In Wellington around 35.6 percent of the households are earning more than Median Household Income (dollars) $100,000. 36.90 percent are earning between $50,000 and $80,000 $100,000 (Figure 2.2). This shows that the majority of the $75,268 residents earn more than the county median average income. $75,000 $70,000 Household Income $70,271 $65,000 2000 2010 2.10% Figure 2.3: Median Household Income (2000 U.S Census and 2010 ACS) 3.80% 10.20% 6.20% Less than $10,000 5.90% $10,000 to $14,999 Wellington is a family-oriented community (Figure 2.4). In 7.20% $15,000 to $24,999 2010, 79 percent of its population lived in a family household, $25,000 to $34,999 maintaining its family-orientated identity defined in 2000. $35,000 to $49,999 9.50% Households by Type $50,000 to $74,999 $75,000 to $99,999 Family Non‐family $100,000 to $149,999 18.20% 100% $150,000 to $199,999 2,256 4,114 $200,000 or more 80% 22.30% 14.60% 60% 40% 10,682 15,545 20% Figure 2.2: Household Income (2010 American Community Survey (ACS)) 0% The highest average household income earning residents are 2000 2010 concentrated in the equestrian preserve areas and the lower Figure 2.4: Household by type (2000 and 2010 U.S Census) income is concentrated around the urbanized center (Map 15 Wellington Economic Inventory Analysis
Map 2.1: Average Household Income in Wellington 16 Wellington Economic Inventory Analysis
Although Wellington has seen a 46.5 percent increase in had a Bachelor’s degree or higher and in 2008, this statistic population since 2000, there is almost no change in the was around 37.8 percent. proportions of the language characteristics (Table 2.2). Even though the ethnic mix of the population has increased between 2000 and 2008, the primary language spoken at home did not Persons 25 years or older by Educational Attainment of change, which supports the aforementioned conclusion. Wellington, FL 2000-2008 Having a predominantly English speaking population, one can Proportion assume that the immigrant community moving into Wellington 2000 2008 Absolute Percent Categories Change is capable of speaking fluent English. It is also possible that (Pop%) (Pop%) Change Change (%Point) this segment represents the second or third generation decendents of immigrants. High 6,891 9,882 School or 2,991 43.40% 0.06% Language At Home of Wellington, FL 2000-2008 less 28.69% 28.76% 2008 Proportion Some 2000 Absolute Percent 8,015 11,491 Categories (Pop Change College, 3,476 43.37% 0.07% (Pop %) Change Change %) (% Point) Associate 33.37% 33.44% 29,035 40,818 English 11,783 33.17% -0.20% 5,812 8,155 81.70% 81.50% Bachelors 2,343 40.31% -0.47% 4,323 6,002 24.20% 23.73% Spanish 1,679 4.73% 0.08% 11.90% 11.98% 3,297 4,835 Graduate Indo- 1,479 2,418 1,538 46.65% 0.34% 939 2.64% 0.19% Degrees European 13.73% 14.07% 4.10% 4.29% Asian / 495 714 Total 24,015 34,363 10,348 43.09% Pacific 219 0.62% 0.13% 1.30% 1.43% Table 2.3: Educational Attainment (2000 U.S. Census, 2008 Claritas) Island 287 399 Other 112 0.32% 0% 0.80% 0.80% Table 2.2: Language spoken at home (2000 U.S. Census, 2008 Claritas) Wellington’s population has maintained a high level of education between the years of 2000-2008. As shown in Table 2.3, 37.9 percent of the 25 years or older population in 2000 17 Wellington Economic Inventory Analysis
Box 1.1: Social Traits Country Squires Upscale, Middle Age w/ Kids The following classifications are from Nielsen Lifestyle Median HH Income: $107,442 Segmentation. Nielsen uses up-to-date census data and the principles of "birds of a feather flock together" to distinguish categories that will apply to an area or a neighborhood. The following groups are considered to be the five most predominant lifestyle segments in Wellington. Beltway Boomers Upper-Middle, Older w/ Kids Oasis for affluent Baby Boomers who have fled the city for the Median HH Income: $80,026 charms of small-town living in sprawling properties, the families of executives live in six-figure comfort. They can afford to spend on consumer electronics, wireless and computer technology, luxury cars, powerboats, books and magazines, children's toys, and exercise equipment. Upward Bound Upscale, Middle Age w/ Kids Median HH Income: $88,455 These Boomers are still raising children in comfortable suburban subdivisions, and they're pursuing kid-centered lifestyles. As consumers, these groups are big fans of health foods, computer equipment, consumer electronics, and the full range of big-box retailers. More than any other segment, Upward Bound appears to be the home of those legendary Soccer Moms and Dads. In these small satellite cities, upscale families boast dual incomes, college degrees, and new split-levels and colonials. 18 Wellington Economic Inventory Analysis
White Picket Fences Who are Wellington’s competitors? Upper-Middle, Younger w/ Kids Median HH Income: $55,007Midpoint Due to the mobility of South Floridians, four cities were chosen for their perceived similar qualities to Wellington. In Palm Beach County, Royal Palm Beach and Jupiter were selected. In Broward County, the cities of Coral Springs and Weston were chosen. The purpose in this selection was to examine cities that are seen as likely competitors for Wellington and try to identify what makes Wellington stand out amongst these cities. Stereotypical American household of a generation ago: young, upper-middle-class, and married with children. But the current version is characterized by modest homes and ethnic diversity, including a disproportionate number of Hispanics and African- Americans. Kids & Cul-de-sacs Upper-Middle, Younger w/ Kids Median HH Income: $76,379 Upper-middle class, suburban, married couples with children--that's Figure 2.5: Population density in Wellington and Comparable Cities (2008 the skinny on Kids & Cul-de-Sacs, an enviable lifestyle of large Claritas) families in recently built subdivisions. 19 Wellington Economic Inventory Analysis
Coral Springs Wellington 2000: 117,549; 2010: 121,096 2000: 38,216; 2010: 56,508 Female 2010 Male 2010 Female 2000 Male 2000 Female 2010 Male 2010 Female 2000 Male 2000 65 and older 65 and older 50 to 64 years 50 to 64 years 35 to 49 years 35 to 49 years 20 to 34 years 20 to 34 years 5 to 19 years 5 to 19 years Under 5 Under 5 20,000 15,000 10,000 5,000 0 5,000 10,000 15,000 20,000 8,000 6,000 4,000 2,000 0 2,000 4,000 6,000 8,000 Figure 2.6: Coral Spring Population Pyramid (2000 – 2010 U.S. Census) Figure 2.7: Wellington Population Pyramid (2000 – 2010 U.S, Census) Weston Jupiter 2000: 49,286; 2010: 65,333 2000: 39,328; 2010: 55,156 Female 2010 Male 2010 Female 2000 Male 2000 Female 2010 Male 2010 Female 2000 Male 2000 65 and older 65 and older 50 to 64 years 50 to 64 years 35 to 49 years 35 to 49 years 20 to 34 years 20 to 34 years 5 to 19 years 5 to 19 years Under 5 Under 5 15,000 10,000 5,000 0 5,000 10,000 15,000 8,000 6,000 4,000 2,000 0 2,000 4,000 6,000 8,000 Figure 2.8: Weston Population Pyramid (2000 – 2010 U.S. Census) Figure2.9: Jupiter Population Pyramid (2000 – 2010 U.S. Census) 20 Wellington Economic Inventory Analysis
the highest with $90,000. The median income for families is Royal Palm Beach virtually even for all the cities except Weston, which is almost 2000: 21,523; 2010: 34,140 $20,000 above the second highest city, Wellington. All of the Female 2010 Male 2010 Female 2000 Male 2000 cities follow the trend that non-families earn less money than families, and single female households earn significantly less 65 and older than the median level. When the household income is 50 to 64 years disseminated according to income levels, it becomes apparent 35 to 49 years that when Wellington is compared to other cities, Wellington 20 to 34 years has a strong middle class (Figure 2.13). Weston has more 5 to 19 years residents on the higher end of the income spectrum. Under 5 The mean income by family size shows the expected trend of 6,000 4,000 2,000 0 2,000 4,000 6,000 more people working in a household, the higher the income Figure 2.10: Royal Palm Beach Population Pyramid (2000 – 2010 U.S. (with the exception of Jupiter). In Jupiter there is a trend that Census) fewer workers in a household bring in more money (Figure 2.11). This anomaly is likely due to Jupiter’s older population After mapping the population densities of all cities, it is obvious which consists of retirees collecting a pension, or earning a that Wellington is unique with its urban core (Figure 2.5). The wage at the top of the pay scale. population pyramids of all five cities are roughly the same shape. The population pyramids of these cities organized Mean Income by Family Size according to age and sex demographics are provided in Coral Springs Weston Wellington Jupiter Royal Palm Beach Figures 2.6 through 2.10 with the data gathered from the U.S. $250,000 $200,000 Census. $150,000 $100,000 Jupiter’s older population makes the pyramid much more top $50,000 heavy. Coral Springs is denser in the middle of the pyramid, $0 but it also has double the population of Wellington. Of all the No workers 1 worker 2 workers, husband 2 workers, other 3 or more workers, 3 or more workers, husband and wife and wife worked All families four comparable cities, Weston is the one most similar to worked other Wellington with regard to the distribution of age. The similarities mean that the other cities can serve as models to Wellington with regard to age specific services and incentives. Figure 2.11: Five comparable cities Mean Income by Family Size (2009 The median income for all five cities is above $60,000. ACS) Wellington is the second highest with $75,000, and Weston is 21 Wellington Economic Inventory Analysis
Race Demographics Despite Jupiter’s older population, all of the cities have a Two or More Races: similar dispersion of the age, and a very similar dispersion of Some Other Race alone household income, with Weston residents earning the highest. Native Hawaiian and Other Pacific Islander alone Overall, all of the cities are very similar. Despite minor Asian alone differences in various metrics, such as race (Figure 2.12), American Indian and Alaska Native alone these cities are similar. The question to Wellington is, all things Black or African American alone being equal, which they are, what makes them stand out? White alone 100% In terms of educational attainment, Wellington has around 38 3% 2% 3% 3% 3% 2% 4% 3% 4% 2% 3% percent of its over 25 year old population with Bachelor’s 90% 5% 5% 0% 4% 0% 1% 2% 4% 4% 0% degree or higher. The educational attainment for the over 25 0% 10% year old population of the four comparable cities shows that 80% 18% 23% the cities of Coral Springs and Jupiter have roughly the same 70% proportions as Wellington in terms of percent of the population possessing a Bachelor’s degree or higher. Royal Palm Beach 60% and Weston stood out for opposing reasons; Royal Palm Beach has about a quarter of the population with a Bachelor’s 50% degree or higher, and around 53 percent of Weston’s 86% 91% 40% 80% population has earned a Bachelor’s degree or higher. 69% 67% 30% 20% 10% 0% Coral Springs Weston Coral Weston city, Wellington Wellington Jupiter Jupiter town, Royal Royal Palm Palm city, Florida Springs Florida village, Florida Florida Beach Beachvillage, Florida Figure 2.12: Race Demographics (2009 ACS) 22 Wellington Economic Inventory Analysis
Household Income Percent Earning Range Coral Springs Weston Wellington Jupiter Royal Palm Beach 25.00% Percentage of Households 20.00% 15.00% 10.00% 5.00% 0.00% Less than $10,000 to $15,000 to $25,000 to $35,000 to $50,000 to $75,000 to $100,000 to $150,000 to $200,000 or $10,000 $14,999 $24,999 $34,999 $49,999 $74,999 $99,999 $149,999 $199,999 more Figure 2.13: Household Income, Percent Earning Range (2009 ACS) What are their consumption habits? variations. Wellington showed strong purchasing power across Consumption habits are expected to show the spending the board with food, consumed at and away from home, as the patterns of Wellington’s residents, and based on these strongest consumption group (Figure 2.15). This can be an patterns, it will be possible to create expectations that can opportunity for Wellington to establish a strong local market to drive further opportunities for Wellington. As discussed support this demand. previously, these values were measured in Wellington as well as in the four selected cities, Jupiter, Royal Palm Beach, Wellington’s total consumption power for 2009 was estimated Weston, and Coral Springs. at $236,782,494 and with an average per household of $12,044. Of all the comparable cities, including Wellington, The study areas showed similar characteristics, which are also Coral Springs was the only city that showed positive growth in supported by the similarities found in the basic demographics. consumption between 2002 and 2009 (Figure 2.14). Not surprisingly, consumption habits do not show extreme 23 Wellington Economic Inventory Analysis
Even though Wellington attracted more households with an households increased 5.8 percent from 2000 to 2009, but increase of 26.4% from 2000 to 2009, these household are households were able to grow their consumption power. The spending less or they do not have the consumption power as, rest of the studied cities also had declining consumption for example, the households from Coral Springs; this city’s power. Consumption Habits (2002 ‐ 2009) 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 ‐ Wellington Wellington Wellington Wellington Jupiter Jupiter Jupiter Jupiter Springs Coral Spring Coral Spring Springs RoyalPalm Royal Palm RoyalPalm Royal Palm Weston Weston Weston Weston (2002) (2002) (2009-Inflation) (2009 inflation (2002) (2002) (2009-inflation (2009 Inflation) (2002) (2002) (2009-inflation (2009 Inflation) Beach Beach Beach Beach (2002) (2002) (2009-inflation (2009 Inflation) adjusted) adjusted) adjusted) (2002) (2002) (2009-inflation (2009 Inflation) adjusted) adjusted) Figure 2.14: Consumption Habits (2002 and 2009 U.S. Bureau of Labor Statistics) 24 Wellington Economic Inventory Analysis
Consumption Spending (2009 Inflation Adjsuted) Who can Wellington attract today and in the future? Personal care products and services Wellington exists as part of the larger tri-county area of South Apparel and services Florida. As such, like other municipalities around South Household operations & maintenance Florida, Wellington is strongly influenced by regional Food away from home conditions. In some areas, such as income and the apparent economic wealth of a significant portion of its residents, Food at home Wellington differs from other cities in South Florida. For that 100% 6% 4% 3% 3% 3% 3% reason, Wellington not only contributes to, but also benefits significantly from being part of a larger regional economy, and 90% 18% 15% 15% 15% 14% 15% therefore, plays an important role in the region’s economy. 80% These characteristics highly influence the future residents of Wellington; consequently, a detailed analysis was performed 70% 24% 29% 29% 29% 28% on the surrounding areas. These areas were defined creating a 33% buffer around Wellington extended by a radius defined by 60% heavy traffic conditions. The first study area includes the area 50% defined by 30-minute HDR and the second area covers the 18% 16% 16% 16% 15% area in the 30 to 60-minute HDR. 18% 40% By looking at the population and population density variables in Census 2000 and 2010, we see that the area defined by 30- 30% minute HDR around Wellington has grown tremendously in 20% terms of population and has become increasingly diverse in 36% 37% 37% 37% 40% 39% the last 10 years. The population of this area has increased 28 10% percent in the last decade. We also find that the density of the 30-minute HDR area has increased from 1,858 per square mile 0% in 2000 to 2,390 per square mile in 2010 (Table 2.4). Miami/Ft. Coral Coral Weston Wellington Jupiter Royal Palm Lauderdale Springs Spring Beach Area Figure 2.15: Consumption Spending (2002 and 2009 U.S. Bureau of Labor Statistics) 25 Wellington Economic Inventory Analysis
the 60-minute HDR of Wellington is becoming denser and Population and Population Density of 30-Minute HDR around more populated. Wellington, FL in 2000 and 2010 For the 30-minute HDR area, the male to female ratio stayed Category 2000 2010 constant from 2000 to 2008 population totals. Median age for males is 36.8 years and for females it is 39.8 years. For both Area Population 329,897 424,353 2000 and 2008, the highest proportion age group consisted of the 35-49 years age group. In this area, the data also shows Area Density (per sq mile) 1,858.7 2,390.88 an extreme increase in the 50-64 year category by 2008 Table 2.4: Population & Population Density in the 30-Minute HDR (2000 and (Figure 2.16). 2010 U.S. Census) Similarly, between 2000 and 2008, in the 30 to 60-minute HDR The population of the 30 to 60-minute HDR area around area, the 50-64 age group had the highest increase by 30 Wellington has grown in the last ten years as well. The area’s percent (46,833 people). Persons from the 5-19 age group population grew by 8.92 percent between 2000 and 2010. The also increased by 20 percent (34,138 people) (Figure 2.17). area also became denser, with its population density rising from 1,105.7 people per square mile in 2000 to 1,197.43 Population Pyramid persons per square mile in 2010, or 91.73 more people per 30‐Minute HDR Area, 2000‐2008 square mile in 2010 than there were in 2000 (Table 2.5). Male 2000 Male 2008 Female 2000 Female 2008 Population and Density Change in the 30 to 60-Minute Heavy Traffic Drive Time Radius of Wellington, FL 2000-2010 65 and older 50 to 64 Category 2000 2010 35 to 49 Area Population 1,005,032 1,094,635 20 to 34 Area Density (Sq. Mile) 1,105.70 1,197.43 5 to 19 Table 2.5: Population & Population Density in the 30 to 60-Minute HDR Under 5 (2000 and 2010 U.S. Census) 60,000 40,000 20,000 0 20,000 40,000 60,000 Based on the upward trend of both the population count data Figure 2.16: Population Pyramid for the 30-Minute HDR Area around and the population density data, it is clear that the area within Wellington, 2000-2008 (2000 U.S. Census and 2008 Claritas) 26 Wellington Economic Inventory Analysis
Household by Type in the 30‐Minute HDR Area Population Pyramid around Wellington, 2000‐2008 30 to 60‐Minute HDR Area, 2000‐2008 2000 2008 Male 2000 Male 2008 125,000 Number of Households 100,000 65 and older 75,000 50 to 64 50,000 35 to 49 25,000 20 to 34 0 5 to 19 Family Households Non‐family Households 0 to 4 Figure 2.18: Household by Type in the 30-Minute HDR around Wellington, ‐150,000 150,000 100,000 ‐50,000 50,000 0 50,000100,000 150,000 50,000 150,000 2000-2008 (2000 U.S. Census and 2008 Claritas) Figure 2.17: Population Pyramid for the 30 to 60-Minute HDR Area around A dissimilar trend of growth occurred in the 30 to 60-minute Wellington, 2000-2008 (2000 U.S. Census and 2008 Claritas) HDR area with the number of family households (22,431 Both the number of family households and non-family increase) having a higher net gain than the number of non- households increased in the 30-minute HDR area around family households (18,509 increase). It is important to note Wellington, although family households increased by a greater that with eight percent increase, family households grew at a number (by 15,545; an 18 percent increase) than non-family slower rate than non-family households, which experienced 11 households (by 6,427; a 14 percent increase). Therefore, the percent increase between 2000 and 2008. This is the opposite type of households containing families increased slightly in of the trend found in the 30-minute HDR area (Figure 2.19). proportion. While the change in proportion may not be significant, this finding could illustrate that the area around Household Type in the 30 to 60‐Minute HDR Area Wellington may be attractive to families, especially when around Wellington, 2000‐2008 Number of Households compared to the county distribution (Figure 2.18). 2000 2008 400,000 200,000 0 Family households Non‐family households Figure 2.19: Household by Type in the 30-Minute HDR around Wellington, 2000-2008 (2000 U.S. Census and 2008 Claritas) 27 Wellington Economic Inventory Analysis
In the 30-minute HDR area around Wellington, despite a Annual Household Income in the 30‐Minute HDR Area national economic recession, the number of families in each around Wellington, 2000‐2008 income group earning over $25,000 grew between 2000 and 2000 2008 2008. The greatest growth (in terms of percent change and Number of Households 35,000 absolute change) occurred in the groups $75,000 to $99,999 30,000 25,000 and $100,000 or more). The number of families in the $15,000 20,000 to $24,999 group and the ‘less than $15,000’ group declined 15,000 between 2000 and 2008 (Figure 2.20). In this area, the median 10,000 5,000 household income increased by nearly 17 percent (to 0 Less 15,000 - 25,000 - 35,000 - 50,000 - 75,000 - 100,000 $47,853), and the average household income increased by 23 than 24,999 34,999 49,999 74,999 99,999 and percent (to $63,907). It is important to note that the inflation 15,000 greater Annual Income in Dollars adjusted figures actually demonstrate a slight decline in 2008 in both median and average income compared to 2000. Figure 2.20: Annual Household Income in the 30 Minute Heavy Traffic Drive, 2000-2008 (2000 U.S. Census and 2008 Claritas) While Palm Beach County had a higher median income The estimated 2008 average income of the 30 to 60-minute compared to the 30-minute HDR area around Wellington in HDR area is higher than surrounding Broward County’s 2000, the median income in this area increased more than the estimated average income of $71,771 and surrounding Palm median income of the whole county by 2008 (both in terms of Beach County’s average income of $80,537. This implies that absolute amount and percent change). the area is an affluent one in the region (Claritas, 2008; U.S Incomes in the 30 to 60-minute HDR area around Wellington Census Bureau, 2000). increased between 2000 and 2008. The average income by As Figure 2.21 shows, the mid-point where annual incomes household in 2000 for the area was $69,330 while in 2008, the seemed to break even in the 30 to 60-minute HDR area is the figure rose by 17.3 percent to $81,318. Likewise, the median range from $35,000 to $49,999. There was a small increase of income by household in 2000 was $45,047 while in 2008, the 3.3 percent from $68,672 in 2000 to $70,945 in 2008. The figure rose by 21.3 percent to $54,637 (Claritas, 2008; U.S. income range with the greatest number of wage earners in this Census Bureau, 2000). Similar to the 30-minute HDR area, the region during the year 2000 was $50,000 to $74,999 (18.4 inflation adjusted figures in 2008 demonstrate a slight decline percent of total households). However, the income range with in both median and average income compared to 2000 in the the greatest number of households in 2008 was $100,000 and 30 to 60-minute HDR area. greater (23.2 percent of total households) (Claritas, 2008; U.S. Census, 2000). 28 Wellington Economic Inventory Analysis
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