Challenge With a thriving petrochemical industry, strong educational assets, and a vibrant local culture, Pasadena, Texas, is a significant contributor to the Houston metro area economy. The city’s central role in this dynamic region is reinforced by its geographic location (just 15 minutes from downtown Houston) and its status as […]
Challenge Located just south of Tucson near the US-Mexico border, the Town of Sahuarita, Arizona, has experienced rapid growth since its incorporation in 1994. Proximity to the University of Arizona (UA) and the recent completion of the Sahuarita Advanced Manufacturing and Technology Center (SAMTEC) have opened opportunities for the community
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 Community development financial institutions (CDFIs) play a key role in expanding access to financial products and services in low-income and moderate-income communities. A range of institutions can be designated as CDFIs including banks, credit unions, loan funds, and venture capital funds. An August 2023 analysis by the Federal Reserve
Challenge While issues related to racism and equity have been present for generations, several pivotal events in 2020 shone a bright light on the scale and pervasive nature of racial disparities. In the first quarter of 2020, the COVID-19 pandemic and the associated economic downturn drew attention to the importance
Challenge Chester County emerged from the Great Recession with unparalleled growth opportunities. These opportunities included a dynamic agriculture sector that dominates the entire Philadelphia region, one of the world’s leading financial companies, and a potentially game-changing internet startup. Recognizing the need to build on these assets and support the area’s
Challenge The North Louisiana Economic Partnership (NLEP) serves the 14-parish North Louisiana region, which includes Shreveport, Monroe, and Natchitoches. The region experienced a number of high-profile relocations and expansions, including nearly 1,600 new information technology (IT) jobs resulting from the expansion of CenturyLink in Monroe and Computer Sciences Corporation’s (CSC)
Challenge With the onset of the COVID-19 pandemic, the labor market experienced a whirlwind of changes. Texas witnessed a record high unemployment rate, a higher rate of workers retiring due to health concerns, and some workers leaving the labor force altogether. To address these challenges and strengthen the regional talent
Challenge East Kern County’s economy is driven primarily by two military installations (Naval Air Weapons Station-China Lake and Edwards Air Force Base), the Mojave Air and Space Port, and Rio Tinto Minerals. Spanning more than 8,000 square miles and encompassing a diverse group of communities—including incorporated cities (California City, Ridgecrest,
Challenge Following the BP Deepwater Horizon oil spill in 2010—the largest maritime oil spill in US history—the state of Mississippi was awarded $750 million to help offset economic damages in coastal communities. In 2018, the Mississippi legislature passed a law (Senate Bill 2002) committing 75 percent of the remaining BP
