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 Saratoga County’s economy has consistently outperformed the region. It boasts vibrant communities with some of the highest incomes in the state. Coupled with world-class tourism attractions and a robust and growing healthcare system, Saratoga County enjoys an enviable position, especially as the beneficiary of one of the largest capital
Challenge Shelton, Washington, was slow to recover from the Great Recession. As of 2018, employment levels had not reached pre-recession levels and the region’s unemployment rate remained several points above the national rate. Furthermore, residents struggled with negative perceptions of the local government and the community itself. Response The city
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 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.
Challenge West Kentucky has a long history of economic success: as a 19th century distribution hub, an agricultural center, a nuclear-age site for uranium enrichment, and a center for numerous manufacturing specialties. In recent years, the region’s economy has been driven by its large military presence (Fort Campbell) and a
Challenge Despite its largely positive economic climate, Texas’s Lower Rio Grande Valley has long faced daunting workforce development challenges. Nearly one-half of the region’s working-age population does not have a high school diploma and only 1 in 8 have a bachelor’s degree or higher. Employers face numerous additional challenges, including
Challenge Following significant job losses during the Great Recession, Yoakum, Texas, has experienced steady annual employment growth since the downturn’s official end in 2009. These gains reflect the continued diversification of the area economy, driven in large part by energy-related growth surrounding the Eagle Ford Shale. The city has also
Challenge While the Lower Rio Grande Valley of Texas fared better than much of the country during the Great Recession, it was not immune to the downturn. Across the four-county region, the construction, manufacturing, transportation, and farming industries were hardest hit, adding tens of thousands of workers to the unemployment
Challenge Traditionally dependent on heavy industry, Racine County sought to foster an environment where technology-based industries could develop and thrive. The county offered many of the elements that defined success under traditional economic development models: close proximity to two major metro areas, a significant manufacturing base comprised of an enviable
