Challenge In late 2015, TIP Strategies was commissioned by the Delaware Business Roundtable to prepare a statewide strategy for economic growth and prosperity. The Roundtable engaged state, business, and community leaders in creating an agenda focused on increased capital investment and statewide job creation. Establishing a new public-private partnership (P3) …
Delaware Prosperity Partnership – Strategic Operations Plan Read More
Challenge At the onset of the COVID-19 pandemic, the Texas unemployment rate skyrocketed from its historical low of 3.4 percent in January 2020 to its historical high of 12.6 percent in April 2020. Like the rest of the country, a wide range of stakeholders, including public officials and economic development …
Challenge Fragmentation of services is a common challenge among state-level workforce development systems, often resulting in inconsistencies in service delivery and a lack of clarity in priorities and vision. Delaware’s publicly funded workforce system encompasses more than a dozen organizations including county- and state-level entities. While its three counties function …
Delaware Workforce System – Strategic Operating Framework & Employer Engagement Read More
Challenge Economic growth in the United States Virgin Islands (“USVI” and “Territory”) suffered due to the 2012 closure of the HOVENSA oil refinery, US Treasury regulations contained in the 2004 Jobs Act, and the ongoing sluggishness in the global economy following the Great Recession. In addition, the Territory faced ongoing …
US Virgin Islands Bureau of Economic Research – Comprehensive Industry Study Read More
Challenge In late 2019, Delaware was enjoying some the lowest unemployment levels in the state’s history. The state’s largest city, Wilmington, boasted a thriving tech sector, built on its strengths in business and financial services, that supported $65 million in wages and 17,000 jobs. Yet despite these favorable economic conditions, …
Challenge Michigan’s Governor-elect, Gretchen Whitmer, made improving the state’s economy and creating high-paying jobs a central issue of her administration, as evidenced by her plan, Get it Done: Better Skills, Better Jobs for Michigan. While the state had rebounded on several key indicators since the recession, economic gains had not …
Challenge Federal spending on defense procurement had generally maintained a downward trajectory since 2008, the result of effects from the Budget Control Act of 2011 and the Great Recession. With the state of Massachusetts predicting impacts in excess of $20 billion dollars from further spending cuts anticipated to its defense …
MassDevelopment – Defense Industry Diversification Study & Strategic Blueprint Read More
Challenge The importance of the military and defense sector to the state of Washington is clear; the sector provides tens of thousands of jobs and contributes billions of dollars to the state economy. What was not clear to state leaders is the extent to which Washington businesses are reliant on …
Washington State Department of Commerce – Defense Industry Adjustment Grant Read More
Challenge With Oregon’s employment base growing faster than its labor force, the state’s talent shortage has become more acute. Rising vacancies and increases in the length of time required to fill positions cost Oregon employers billions each year (not to mention the subsequent loss of state revenues from income taxes). …
Challenge The OEDC found itself in a unique position in early 2017. The Washington State Senate’s proposed budget called for unprecedented reductions to Commerce’s economic development programs amid various budget deficits. In an effort to prepare for and formulate a proactive response to these budget reductions, Commerce engaged TIP Strategies …
