Challenge Oakland County has been an economic leader in Michigan, often outpacing state and national averages in educational attainment, median household income, and labor force participation. Thanks in large part to its concentration of jobs in the professional services and healthcare sectors, the county managed to rebound from the job […]
Challenge The COVID-19 pandemic and associated economic upheaval had a negative impact on business supply chains, workers, and communities in Texas and around the globe. This upheaval exacerbated existing business challenges, particularly for small- and minority-owned businesses. Along with its challenges, the downturn presented opportunities to build on trends that
Challenge Despite its position as the central city of one of the most dynamic regions in the country, Dallas faces fierce competition for investment, jobs, and talent. Many of the city’s regional competitors boast well-funded economic development organizations, enabling them to offer generous financial incentives in the form of land,
Challenge The Delta Regional Authority (DRA) is a federal-state partnership serving a 252-county/parish area encompassing portions of Alabama, Arkansas, Kentucky, Illinois, Louisiana, Mississippi, Missouri, and Tennessee. Led by a Federal Co-Chairman and the governors of each participating state, the DRA is charged with improving the standard of living for the
Challenge The Central Upper Peninsula of Michigan boasts remarkable assets. Despite its distance from major urban centers, its natural beauty, higher education institutions, and emerging technology assets stand out both within Michigan and nationally. Facilities such as the Innovate Marquette SmartZone, Sawyer International Airport, and Northern Michigan University’s indoor agriculture
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 Northwest Florida’s traditional reliance on tourism and on the presence of US military installations and personnel to drive growth has obscured the essential role overall business vitality plays in successful economies. The region’s vulnerability to external shocks and the need to develop a more diversified economy were illuminated first
Challenge For over a decade, the Temple Economic Development Corporation (TEDC) focused its recruitment efforts on several broad sectors, including advanced manufacturing, distribution and logistics, and health and life sciences. In 2012, TIP Strategies was engaged to identify specific niches within each sector and provide recommendations for focusing TEDC’s targeting
Challenge The 2016 Delaware Growth Agenda outlined a transformative strategy for reinvigorating The First State’s economic trajectory and implementing a reset of its economic development approach, most notably through the establishment of the Delaware Prosperity Partnership. In the years since the Growth Agenda’s release, Delaware has experienced significant economic growth—on
Challenge Faced with the closure of the Charleston Naval Complex in the early 1990s and the loss of some 22,000 jobs, Charleston County leaders responded decisively, establishing an economic development function with broad deal-making authority and dedicated funding. The decision proved to be a game-changer when Charleston was selected as
