TIP managing director, Jon Roberts, recently spoke at the 2022 International Economic Development Council Leadership Summit in Coachella Valley, California. During the invite-only Leadership Roundtable, Jon outlined 10 trends that will affect economic development in 2022.
The sharp downturn in economic activity precipitated by the global COVID-19 pandemic brought the need for recovery and resiliency planning into sharp relief for communities, regions, and states in 2020. The leaders of Idaho’s five economic development districts saw the need for immediate action and formed an innovative, strategic partnership to position their communities for a quicker recovery and long-term resiliency.
As the global pandemic continues to affect communities around the world, recent access to the COVID-19 vaccine has provided a much-needed glimmer of hope for a return to normalcy. While the vaccine rollout overall has had its ups and downs, some communities have had great success administering doses to residents. One such community is Larimer County, Colorado.
We are experiencing simultaneous crises in health, the economy, politics, climate change, and social justice—a combination few of us have experienced in our lifetimes. For some in our communities, survival is a daily challenge. And for others, recovery will be a long and difficult road. But it’s important for those of us in leadership positions to pause and think beyond recovery.
As the COVID-19 crisis and its economic effects continue to unfold, it has become clear that communities need to understand the job-related exposure and financial instability their residents risk to more effectively direct resources and support. To help shed light on these issues, TIP created the Occupational Risk Tool, based on the characteristics of occupations across the US. The health risk and risk to earnings scores, assigned by TIP, form the basis for the Occupational Risk Tool. Learn more about TIP’s unique new tool, experience an interactive demo, and read about the lessons we’ve learned on our blog.
Since 2006, TIP has been working in communities, regions, and states that are home to military installations and defense contractors. TIP is partnering with management consulting firm Kepner-Tregoe for our current defense industry adjustment project, which builds on the success of three previous OEA-funded pilot projects in Washington State.
TIP recently completed an engagement for MassDevelopment, the Commonwealth of Massachusetts’s economic development and finance agency, to develop a Defense Industry Economic Diversification Study and Strategic Blueprint.
In 2015, TIP Strategies was selected by the Washington Department of Commerce as the lead contractor for multiple phases of the state’s $4.3 million US Department of Defense, Office of Economic Adjustment (OEA) grant. The statewide strategy and sustainability plan will provide a comprehensive blueprint for military and defense contractors and related support organizations to anticipate and mitigate potential losses through effective planning and strategic decision-making.