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 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 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 Recognizing that talent is a key driver of regional competitiveness, the Tampa Bay Partnership assessed talent indicators for the region and measured these against 19 peer communities. This exercise revealed that the Tampa Bay talent pool lagged its peers, particularly in metrics related to the regional talent pipeline. In
Challenge Renowned for its quality of life and creative industries, the Austin metropolitan area consistently lands on national “best of” lists and has become a magnet for both talent and companies. While the resulting economic boom has improved several prosperity measures for Travis County residents—resulting in declining poverty rates, rising
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 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
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 The Wired65 region, comprised of 26 counties surrounding the Louisville metropolitan area, presents a unique combination of assets and challenges. Home to Worldport, UPS’s international shipping hub, the area boasts a strong logistics and distribution cluster, as well as a significant automotive presence. In addition, the consolidation of the
Challenge The counties along Wisconsin’s Interstate 41 (I-41) corridor have traditionally comprised one of the nation’s largest manufacturing regions, with the sector accounting for nearly 19 percent of all jobs in 2016 (compared with just 8 percent of employment nationally). Following the Great Recession, the five-county area experienced steady job
