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 In late 2015, TIP Strategies was commissioned by the Delaware Business Roundtable to prepare a statewide strategy for economic growth and prosperity. The Roundtable engaged state, business, and community leaders in creating an agenda focused on increased capital investment and statewide job creation. Establishing a new public-private partnership (P3)
Challenge The Greater Newport and East Bay Region—which includes Newport and Bristol Counties—has a rich history, a global brand, and is a sought-after tourist destination. With advanced defense companies like Raytheon and Northrop Grumman, R&D assets like the Naval Undersea Warfare Center, and national defense installations like the Naval War
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 With Oregon’s employment base growing faster than its labor force, the state’s talent shortage has become more acute. Rising vacancies and increases in the length of time required to fill positions cost Oregon employers billions each year (not to mention the subsequent loss of state revenues from income taxes).
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 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 The importance of the military and defense sector to the state of Washington is clear; the sector provides tens of thousands of jobs and contributes billions of dollars to the state economy. What was not clear to state leaders is the extent to which Washington businesses are reliant on
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 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
