b'E C O N O M YMuch of the economic growth has been based primarily on lifestyle provided by Teton Valleys physical beauty and recreational opportunities. Teton Valley is rich in recreational resources. Fishing is world class as are many other recreational attractions include hiking and horseback riding opportunities, a growing network of mountain biking opportunities, incredible downhill and backcountry skiing, hunting, backpacking, outdoor photography, snowmobiling, ATV touring and dirt bike riding. The development boom in the early 2000s converted much agricultural land to speculative development. Today, many large tracts of platted subdivisions have returned back to agriculture, albeit in a less productive state due to roads that get in the way of high productivity farm practices. Agriculture will continue to play an important role in Teton Valleys economy both as a sector of its own as well as its role in retaining the communitys unique scenic beauty and rural character. Local farms have been successful in selling high value products in the Jackson market as well. As Jackson Hole changed and land values increased so did Teton Valley as it began to serve as a bedroom community to Jackson Hole. Today, nearly one third of Teton Valleys workforce works outside the Valley. A signicant portion of those commute to Jackson, with Grand Targhee being a second primary out-of-state work destination.A signicant trend is the more mobile workforce, consisting of those whose jobs are truly portable and can work anywhere. People who work in Jackson but live in Idaho usually do so because the cost of living in Idaho is less than in Teton County, WY. The online retail trend has aected local merchants. There are certain items that local residents will pay more for to enjoy the convenience and social responsibility of shopping locally.However, outside of this, there are a lot of items that the savings justify the added time and inconvenience to travel to Idaho Falls or by purchasing online.14In addition to this information, Teton County performed a SWOT analysis on their current economic state:Strengths Weaknesses Natural scenic beautyBedroom community Diverse and world-class recreational opportunitiesLimited tax base Unique community characterDivided community vision and priorities Ample and skilled workforceGeographic isolation Aordable housing and commercial real estateReal estate oversupply High quality of lifeOlder downtown building stock Availability of health careHospital in transition High-capacity private airportNegative perceptions of public school system Proximity to Jackson HoleSeasonal uctuation in commercial activity Geographic isolationUnderdeveloped downtowns Low taxesAordable Labor Redundant Fiber Optic NetworkOpportunitiesThreats External appeal of natural assetsRetail leakage to neighboring communities andLifestyle-prioritized people and businesses whointernet saleswant to come to Teton ValleyOther competitive mountain communities Proximity to Jackson Hole, NOLS, the Teton Science Lagging economic recoverySchools, and BYU-IdahoContinuing exodus of human capital13 Evolving private and public post-secondary educational opportunities Evolving mobile business models that could thrive in Teton Valley598 I D A H O I N F R A S T R U C T U R E G U I D E B O O K'