Projected to generate $3 trillion over the next decade, the global blue economy presents vast economic potential. Sustainable practices are crucial to ensuring the long-term health of the ocean ecosystems, coastal communities, and water-related sectors. This blog post explores three innovative North American regions that successfully balance resilience and economic growth.
Recognizing the resources required to holistically implement its new strategic plan, the Anchorage Economic Development Corporation (AEDC) has taken collaboration and coordination to heart. In addition to integrating the plan’s four pillars and related visualizations into their website, AEDC has created cross-sector working groups to move each pillar forward.
As the lead on Central Indiana’s comprehensive economic development strategy, the Indianapolis Metropolitan Planning Organization started laying the groundwork early. By having one-on-one conversations with a broad cross-section of leaders, organizations, and elected officials, even before the planning process began, the IMPO was able to build consensus and weave the region’s core values throughout the plan.
In June, Tom Stellman and Katrina Parkey attended JFF’s Horizons in New Orleans. In Katrina’s latest post, she shares some insights gained from her time at JFF’s annual summit.
The preparation of a comprehensive economic development strategy (CEDS) is crucial for enhancing regional competitiveness. The third installment in TIP’s CEDS series focuses on integrating equity into the planning process to ensure a high-quality, compliant strategic plan that expands access to economic opportunities.
In early June, Jenn Todd-Goynes attended CNU31 in Charlotte, North Carolina. As a member of the Congress for New Urbanism, Jenn is passionate about the role of the built environment and about creating people-centered places. In her recent blog post, she discusses two themes from the conference that have broad implications for community and economic developers.
Command-and-control leadership no longer works. In a rapidly changing world, economic development organizations face numerous obstacles to sustainable growth. TIP president Tracye McDaniel shares her insights about connected leadership—what it is and how it can be effectively harnessed by economic developers. Rooted in inclusivity, connected leadership can better position organizations and communities for resilience today and tomorrow.
Communities rarely embark on sustainability planning efforts under the auspices of economic development initiatives, which is a missed opportunity to impact a community’s industries, environment, and economic resilience. In a recent ED Now article, Jenn Todd-Goynes outlines critical questions to guide the process for an economic sustainability plan. The article is reposted here courtesy of the International Economic Development Council.
TIP’s ongoing work with the International Economic Development Council as part of its Equitable Economic Development Playbook Initiative highlights the pivotal role economic developers can play in addressing economic inequality. Mishka Parkins’s post describes the Equity Action Plans created by the five organizations that participated in the initiative’s 2022 cohort.
Communities across the US stand to benefit from monitoring the progress of the recently announced Regional Technology and Innovation Hubs program and formulating applications as the program moves forward. Administered by the EDA, this federal funding initiative focuses on expanding innovation beyond the current handful of successful high-tech centers.