In the Know column: Douglas County projected to grow to 40,000 people by 2040 Applying current labor force participation rates to future population projections by age group creates labor force projections for the region, which show a 2% percent loss in workforce numbers, as more of the Baby Boom generation leaves the labor force. 11:40 am, Apr. 14, 2021 By Nicole Fernholz The Alexandria Area Economic Development’s purpose statement is to promote prosperity and optimize opportunity in the Alexandria region. We do this to support our vision of making the Alexandria area the premier place to call home, build a career and grow a business. It is a place with leading-edge technology, infrastructure and unparalleled workforce talent – and this focuses on people.