Challenge Community development financial institutions (CDFIs) play a key role in expanding access to financial products and services in low-income and moderate-income communities. A range of institutions can be designated as CDFIs including banks, credit unions, loan funds, and venture capital funds. An August 2023 analysis by the Federal Reserve […]
Challenge While issues related to racism and equity have been present for generations, several pivotal events in 2020 shone a bright light on the scale and pervasive nature of racial disparities. In the first quarter of 2020, the COVID-19 pandemic and the associated economic downturn drew attention to the importance
Challenge Chester County emerged from the Great Recession with unparalleled growth opportunities. These opportunities included a dynamic agriculture sector that dominates the entire Philadelphia region, one of the world’s leading financial companies, and a potentially game-changing internet startup. Recognizing the need to build on these assets and support the area’s
Challenge The Greater Green Bay area owes much of its economic success—past and present—to its strong manufacturing base. However, as the sector was becoming increasingly dependent on the development and adoption of new technologies, new challenges emerged related to this transition such as low enrollment and minimal levels of R&D
Challenge Since adopting its current economic development strategic plan in May 2017, the Greater Green Bay Chamber had made great strides in addressing the challenges the plan set out. Created with assistance from TIP Strategies, the 2017 plan was organized around an ambitious set of 11 initiatives designed to support
Challenge Situated along Florida’s Atlantic coast, the Northeast Florida region spans seven counties which are home to diverse communities, extensive outdoor amenities, and an appealing mix of rural and urban living. This region plays a pivotal role in the state’s economy. Its strategic location, with coastal access and major highway
Challenge Overland Park, Kansas, is a strong hub for corporate and professional services located in the southwest quadrant of the Kansas City metropolitan statistical area. The second largest city in Kansas, Overland Park offers a lower cost of living relative to the nation’s coasts; high-quality education institutions; and access to
Challenge Situated 20 miles north of Austin, the suburban community of Pflugerville, Texas, has a rich history of German roots and ample outdoor amenities. Pflugerville’s relative affordability and family-friendly atmosphere, combined with the regional expansion of manufacturing and technology, have led to massive growth; Pflugerville’s population size has surged in
Challenge With a thriving petrochemical industry, strong educational assets, and a vibrant local culture, Pasadena, Texas, is a significant contributor to the Houston metro area economy. The city’s central role in this dynamic region is reinforced by its geographic location (just 15 minutes from downtown Houston) and its status as
Challenge In 2018, the city of Wausau had stagnant population growth due to outmigration of residents moving to bigger, high-growth cities as a consequence of a national economy with record low unemployment. The area’s agriculture and food processing industry faced major headwinds due to global competition, automation, and labor shortages.
