Challenge A dramatic rise in energy prices leading up to the Great Recession—with crude oil spiking at more than $140 per barrel in mid-2008—suggested the era of cheap petroleum was coming to an end. Surging prices for fossil fuels, coupled with air quality and national security concerns, contributed to a […]
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
Challenge Klickitat County’s assets—which include relatively low tax rates, a desirable quality of life, scenic landscapes, and access to a variety of outdoor recreation opportunities—have long drawn people to the area. Portions of the county have become retirement destinations, translating to an above-average share of older residents and lower rates
Challenge Located in southwestern Washington along the Columbia River, Cowlitz County built a manufacturing-based economy from its roots in the timber and shipping industries. Global economic changes accelerated by the Great Recession meant the sectors most suited to the region’s traditional strengths—a strong network of natural resource-based companies supported by
Challenge Kentucky’s Green River Region is situated along the scenic Ohio River. The seven counties comprising the region (Daviess, Hancock, Henderson, McLean, Ohio, Union, and Webster) provide options ranging from quintessential Kentucky horse farms to urban lofts. The region has enjoyed strong leadership; effective organizations; and unique assets, including the
Challenge Situated in South Central Alaska, Mat-Su Borough covers an expansive area totaling nearly 25,000 square miles. Since 1970, Mat-Su has experienced explosive population growth, driven largely by Anchorage residents drawn to its more affordable housing options and appealing lifestyle. The associated residential construction surge resulted in haphazard growth patterns
Challenge Through most of its history, downtown was a major destination for tourism and economic activity within Hot Springs. Its proximity to Hot Springs National Park (the first in the nation) and the presence of Bathhouse Row drew visitors to the region for over a century. But, over time, downtown
Challenge Five years after the official end of the Great Recession, Delaware continued to struggle with the lasting effects of the downturn. Faced with budget challenges; a restructuring of the state’s traditional industry clusters; and intense regional and national competition for jobs, investment, and talent, aggressive action was called for.
Challenge As part of its efforts to organize a regional cluster initiative, Bexar County contracted TIP Strategies to develop a report on the Texas—Northeastern Mexico vehicle manufacturing industry. The purpose of the report was to define the region, highlight industry trends, and profile the regional assets that support vehicle manufacturing.
Challenge Historically, the job market in Clark County, Washington, closely tracked that of the greater Portland region. However, the county’s job growth began to diverge from that of the metropolitan area in the early 2000s. Following the Great Recession, the unemployment rate in Clark County stood among the highest in
