Challenge As the economic engine of the country’s fourth-largest metropolitan area, Dallas is a city of opportunity. Billions of dollars in investments have poured into the city in recent years as companies of all sizes have chosen to make major commitments to Dallas. However, the city’s prosperity has not been […]
Challenge Between 2000 and 2017, Fort Worth was one of the fastest-growing large cities in the US. Furthermore, the city has cultivated a unique identity and brand, combining rich cultural heritage with an economy driven by industry-leading employers. Fort Worth achieved this success without a comprehensive, citywide approach for economic
Challenge Led by a resurgence in energy and petrochemicals, the greater Houston region experienced an extended period of unprecedented growth. With almost $20 billion in investment in new plants and facilities announced along the Gulf Coast, the region was in an enviable position. Employers, however, were concerned that the region
Challenge Even before the COVID-19 pandemic, employers across the country were experiencing severe labor market challenges, including low labor force participation rates and the aging out of the baby boom generation. With the onset of the pandemic, many of these challenges were accelerated. Workers across the country scrambled to figure
Challenge Tampa Bay’s strong economic base, high-profile developments, diverse culture, and desirable amenities have made it one of the country’s fastest-growing regions. Guided by its 2017 strategic plan, the Tampa Bay Economic Development Council (TBEDC), formerly the Tampa Hillsborough Economic Development Corporation, has been instrumental in several regional transformations. Despite
Challenge The City of Richmond lacked a prepared workforce and the capacity to build and sustain innovative industries. To better understand their challenges and the opportunities surrounding these issues, the City of Richmond engaged TIP Strategies (TIP) and Hill-Christian Consulting Group (HCCG) to prepare a comprehensive economic development strategy, or
Challenge The City of Virginia Beach found itself at an economic development crossroads in late 2020 as the COVID-19 pandemic raged. Home to approximately 450,000 residents, the city boasts 38 miles of beachfront, four of the world’s fastest subsea cables, exceptional transportation infrastructure, and access to the third-largest container port
Challenge Home to Fort Campbell, the nation’s third largest military installation, and a desirable mix of private-sector employment, the Clarksville-Montgomery County region has remained a magnet for population and employment growth, even during the national economic downturn. Maintaining the region’s quality of place and the employment opportunities that attracted this
Challenge The Wichita Falls’ regional economy has historically been driven by its government and energy sectors, and over the past 50 years the manufacturing sector has developed as the region’s third economic engine. Recent events, however, underscore the region’s need for further economic diversification. The 2005 round of the Base
Challenge The use of incentives is often criticized for providing a subsidy to a private entity at the expense of taxpayers. However, a strategic approach to structuring and targeting incentives can be an effective means of achieving specific goals and desired outcomes. As part of the establishment of an office
