Are older folks bad for economic development? An article in the (Charlotte County, Florida) Sun-Herald reports that "As a Charlotte County resident, you are more than likely over 50, white, and have a high school diploma. That's not a bad thing, but in order to stimulate economic growth, officials say the demographics need to change."
The economic development director for the county says they don't target young people specifically, but that they do try to attract companies that will offer high-skilled, high wage jobs and diversify the tax base. A common enough approach. The area was founded as a retirement community, but has grown and expanded since then.
America's workforce is aging, and more people are continuing to work long after retirement age. The current Chronicle of Philanthropy says that "If 60 is the new 40, then working for the public good is the new retirement." I'm not convinced that changing demographics is the answer - or is even possible, considering national trends - for Charlotte County.