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Sustainable Island
Economy
+ What is a sustainable island economy?
 Sustainable development: development that meets the needs of
the present world without compromising future generations
 Economy: production, distribution, and consumption of goods
and services by different agents
+
What does a sustainable island
economy look like?
 Ensured jobs and consistent employment
 Available financial mechanisms
 Emphasis on buying local
 Embracing native diversity
 Other islands include: Lana’i, Nantucket, Vieques, Virgin
Gorda,
+
Example:
+
Economics on Martha’s Vineyard
 Jobs fluctuate between 6,100 for the winter and 10,500 for the
summer (plus 3,300 self employed)
 Despite the 70% higher cost of living on the Vineyard, wages are
below state average
 About half of the Island’s workers are employed in vacation – related
industries
 Over 70% of businesses on the island are small
+
Developed areas on Martha’s Vineyard
http://www.vineyardconservation.org/httpssitesgooglecomavineyardconse
rvationorgvineyard-conservation-societyHome/almanac-archive/almanac-
archive-3-28-2011
+
Overview of Economics on Martha’s
Vineyard
 Seasonal residents vs. year-round residents
 High cost of living
 One of highest energy costs in the United States
 40% unemployment
 Lack of affordable housing
 Only 44% of homes on the Island are occupied year round
 9% of Island housing is multi-family
 Tourism fatigue
 Jobs directed towards non-islanders
+
Finances on Martha’s Vineyard
 Martha’s Vineyard Donors Collaborative
 Expanding philanthropy on the Island
 Promotes local community and Island nonprofits
 Devoted to maintaining character of Island community
 Education of donors about needs of island
 Scholarship endowments
 The Permanent Endowment
 Allows a foundation to be built
 Increase consistency of philanthropy
 Provides scholarships to Island youth and community nonprofits
+
Seasonal vs. Local Issues
 Serious fluctuation of population (~15,000 year round to
~115,000 seasonal)
 Housing – The Vineyard Shuffle
 Impact children, families, and overall stability
 Seasonal residents generate over 63% of the economy
 Seasonal jobs can be inconsistent and unreliable
 Weather can dramatically impact this
 Seasonal residents unaware of how to support local economy
 Minimal interaction between seasonal and local residents
+
How might we bridge the gap between
the have and the have-nots?
 What does the island mean to you?
 Think about how you want to give back!
 What programs can provide a vehicle to bridge the gap
between season and year round residents?
 Consistent philanthropy to island networks and organizations
 Consistent and meaningful interaction between groups
 Bring Island people together to become local experts
+
Innovative Solutions on Martha’s
Vineyard
 Martha’s Vineyard Donors Collaborative
 Martha’s Vineyard Land Bank
 Island Grown Initiative
 Vineyard Energy Project
 Women Empowered
 Martha’s Vineyard Chamber of Commerce
 Thimble Farm
+
What else is currently happening?
 Martha’s Vineyard
 MVYLI, farming, Island Grown Schools, The Trustees of
Reservations, conservation, diversity, alternative energy, vision
fellowship, slow food, Martha’s Vineyard Land Bank
 Lanai
 Pulama Lanai, Aquaculture, Lanai culture and heritage culture,
Locational benefits, culture, Sustainable Hawaii Youth Leadership
Initiative- Lana’i
+
National and Global Innovation
 Building Alliance for Local Living Economies
 Judy Wicks
 Connect leaders, spreads effective solutions, drives investment towards local economies
 White Dog Cafe
 Corporate Social Responsibility
 TOMS, Telsa Motors
 Business Social Responsibility – Business for a better world
 Work towards change WITHIN business
 Integrating sustainability into old practices
 Conscious Capitalism
 Founder of Whole Foods, John Mackey
 Financial and social wealth for all those involved
 Social Venture Network
 Build valuable connections between business leaders
 The Bridge Initiative
 People, Planet, Profit
 Alice Tepper Marlin
 Social Accountability International
 Driven by increasing local capacity and designing innovative processes to empower workers
+
Actions we can take!
 Buy local, think local, act local
 MYVLI fellowship
 Vineyard Conservation Society
 Volunteer opportunities at local businesses
 Value Island’s nonprofit sector (more than 14% of Island GDP)
 Protect the things we need!
 Seasonal and year round residents both have responsibilities
+
Green Jobs
 FOOD – slow food, farms, local groceries, Island Grown Initiative, the FARM Institute, MV
agriculture society
 ENERGY – vineyard power
 RESPONSIBLE BUSINESS – South Mountain, Martha’s Vineyard Chamber of Commerce,
 NONPROFITS – MV donors Collaborative, The Permanent Endowment for Martha’s
Vineyard, Island Housing Trust
 LAND – Martha’s Vineyard Land Bank, Sheriffs Meadow Foundation, The Trustees of
Reservations
 WATER – town water departments, board of health, natural resource department of
Wampanoag Tribe, MV shellfish group
 COMMUNITY CENTERS – YMCA, MV Boys and Girls Club, Chilmark Community Center
+
Action Steps
 Green Jobs
 Encourage celebration of Island beauty and unique characteristics
 Increase mentorship and training available to small groups and individuals
 Encourage higher learning and education
 Increase buying power by buying local
 Maintain island based cooperatives for goods and services
 Maintain energetic town centers with diverse businesses
 Develop small businesses
+

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Sustainable Island Economy

  • 2. + What is a sustainable island economy?  Sustainable development: development that meets the needs of the present world without compromising future generations  Economy: production, distribution, and consumption of goods and services by different agents
  • 3. + What does a sustainable island economy look like?  Ensured jobs and consistent employment  Available financial mechanisms  Emphasis on buying local  Embracing native diversity  Other islands include: Lana’i, Nantucket, Vieques, Virgin Gorda,
  • 5. + Economics on Martha’s Vineyard  Jobs fluctuate between 6,100 for the winter and 10,500 for the summer (plus 3,300 self employed)  Despite the 70% higher cost of living on the Vineyard, wages are below state average  About half of the Island’s workers are employed in vacation – related industries  Over 70% of businesses on the island are small
  • 6. + Developed areas on Martha’s Vineyard http://www.vineyardconservation.org/httpssitesgooglecomavineyardconse rvationorgvineyard-conservation-societyHome/almanac-archive/almanac- archive-3-28-2011
  • 7. + Overview of Economics on Martha’s Vineyard  Seasonal residents vs. year-round residents  High cost of living  One of highest energy costs in the United States  40% unemployment  Lack of affordable housing  Only 44% of homes on the Island are occupied year round  9% of Island housing is multi-family  Tourism fatigue  Jobs directed towards non-islanders
  • 8. + Finances on Martha’s Vineyard  Martha’s Vineyard Donors Collaborative  Expanding philanthropy on the Island  Promotes local community and Island nonprofits  Devoted to maintaining character of Island community  Education of donors about needs of island  Scholarship endowments  The Permanent Endowment  Allows a foundation to be built  Increase consistency of philanthropy  Provides scholarships to Island youth and community nonprofits
  • 9. + Seasonal vs. Local Issues  Serious fluctuation of population (~15,000 year round to ~115,000 seasonal)  Housing – The Vineyard Shuffle  Impact children, families, and overall stability  Seasonal residents generate over 63% of the economy  Seasonal jobs can be inconsistent and unreliable  Weather can dramatically impact this  Seasonal residents unaware of how to support local economy  Minimal interaction between seasonal and local residents
  • 10. + How might we bridge the gap between the have and the have-nots?  What does the island mean to you?  Think about how you want to give back!  What programs can provide a vehicle to bridge the gap between season and year round residents?  Consistent philanthropy to island networks and organizations  Consistent and meaningful interaction between groups  Bring Island people together to become local experts
  • 11. + Innovative Solutions on Martha’s Vineyard  Martha’s Vineyard Donors Collaborative  Martha’s Vineyard Land Bank  Island Grown Initiative  Vineyard Energy Project  Women Empowered  Martha’s Vineyard Chamber of Commerce  Thimble Farm
  • 12. + What else is currently happening?  Martha’s Vineyard  MVYLI, farming, Island Grown Schools, The Trustees of Reservations, conservation, diversity, alternative energy, vision fellowship, slow food, Martha’s Vineyard Land Bank  Lanai  Pulama Lanai, Aquaculture, Lanai culture and heritage culture, Locational benefits, culture, Sustainable Hawaii Youth Leadership Initiative- Lana’i
  • 13. + National and Global Innovation  Building Alliance for Local Living Economies  Judy Wicks  Connect leaders, spreads effective solutions, drives investment towards local economies  White Dog Cafe  Corporate Social Responsibility  TOMS, Telsa Motors  Business Social Responsibility – Business for a better world  Work towards change WITHIN business  Integrating sustainability into old practices  Conscious Capitalism  Founder of Whole Foods, John Mackey  Financial and social wealth for all those involved  Social Venture Network  Build valuable connections between business leaders  The Bridge Initiative  People, Planet, Profit  Alice Tepper Marlin  Social Accountability International  Driven by increasing local capacity and designing innovative processes to empower workers
  • 14. + Actions we can take!  Buy local, think local, act local  MYVLI fellowship  Vineyard Conservation Society  Volunteer opportunities at local businesses  Value Island’s nonprofit sector (more than 14% of Island GDP)  Protect the things we need!  Seasonal and year round residents both have responsibilities
  • 15. + Green Jobs  FOOD – slow food, farms, local groceries, Island Grown Initiative, the FARM Institute, MV agriculture society  ENERGY – vineyard power  RESPONSIBLE BUSINESS – South Mountain, Martha’s Vineyard Chamber of Commerce,  NONPROFITS – MV donors Collaborative, The Permanent Endowment for Martha’s Vineyard, Island Housing Trust  LAND – Martha’s Vineyard Land Bank, Sheriffs Meadow Foundation, The Trustees of Reservations  WATER – town water departments, board of health, natural resource department of Wampanoag Tribe, MV shellfish group  COMMUNITY CENTERS – YMCA, MV Boys and Girls Club, Chilmark Community Center
  • 16. + Action Steps  Green Jobs  Encourage celebration of Island beauty and unique characteristics  Increase mentorship and training available to small groups and individuals  Encourage higher learning and education  Increase buying power by buying local  Maintain island based cooperatives for goods and services  Maintain energetic town centers with diverse businesses  Develop small businesses
  • 17. +