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Last updated on April 16, 2014 at 10:59 EDT

County Supports Community Initiative with $1.2 Million

August 10, 2011

Community forms Institute for the Ages, turns challenging aging demographic into an asset.

Sarasota, FL (PRWEB) August 09, 2011

Sarasota County, FL, the nation’s demographically oldest large county, has turned what many Americans view as a challenge ““ its aging demographic – into an asset by forming The Institute for the Ages. The Institute positions the county as a global leader in innovation of age-related products, services and policies.

According to statistics from the 2010 U.S. Census, 13 percent of the population in the U.S. is over the age of 65. That number soars to 30 percent in Sarasota County, where nearly half of all homes include someone that age or older. By the year 2050, it is projected that people 65 and older will comprise 21 percent of the U.S. population.

Over the past several years, SCOPE (Sarasota County Openly Plans for Excellence) engaged 900 Sarasota residents around the issue of aging.

The Institute for the Ages, a nonprofit organization, was incubated from this collaborative community engagement. The Institute has a unique vision of leveraging the County’s older population to create a national test bed for ideas and technologies that will improve lives as the world grows older.

“Global aging is one of the truly disruptive demographics facing the world,” said Tim Dutton, interim president of The Institute for the Ages. “It also makes a compelling case for an Institute that thinks about how this inevitable change is a springboard for innovation.”

The Institute plans to use the demographic as an asset to draw companies, research organizations and international attention to the Sarasota area.

The Sarasota County Board of Commissioners recently approved funding for $1.2 million to support the Institute’s vision. With this funding and support from other individuals and public and private organizations, the Institute now has more than $2 million committed to the development and launch of its programs.

“We are grateful to the county for being so visionary and supportive,” said Dutton. “The Institute can be a major contributor to economic diversification and will keep our community at the leading edge of creative thinking and innovation around this global issue.”

About The Institute for the Ages

The Institute for the Ages, created in 2010 by SCOPE, is a direct response to the challenges and opportunities of global aging. The institute is a private, nonprofit organization with a unique vision of leveraging Sarasota County’s older population to create a national test bed for ideas and technologies that will improve lives as the world grows older. For more information, please visit http://www.institutefortheages.org.

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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/8/prweb8696510.htm


Source: prweb