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 Following three decades of strong population growth, Kittitas County, Washington, experienced even higher levels of in-migration in the years leading up to the 2020 Census. Anecdotal evidence suggested this trend was accelerated by the COVID-19 pandemic, as those who had flexible work arrangements, or who could afford to move
Challenge Even before the COVID-19 pandemic, employers across the country were experiencing severe labor market challenges, including low labor force participation rates and the aging out of the baby boom generation. With the onset of the pandemic, many of these challenges were accelerated. Workers across the country scrambled to figure
Challenge The Choctaw Nation of Oklahoma saw unprecedented growth and business success leading up to 2018. However, low educational attainment, aging infrastructure, and slow job growth continued to threaten many of the tribe’s surrounding communities in southeast Oklahoma. To channel the regional momentum and address specific challenges, the Choctaw Business
Challenge Oakland County has been an economic leader in Michigan, often outpacing state and national averages in educational attainment, median household income, and labor force participation. Thanks in large part to its concentration of jobs in the professional services and healthcare sectors, the county managed to rebound from the job
Challenge The Right Place, Inc. (RPI) is an award-winning economic development organization serving the West Michigan region that includes Grand Rapids. The region is in an enviable economic position. The area has consistently led the state in population growth and the city of Grand Rapids was named one of the
Challenge The Columbus Partnership (Partnership) is a CEO group comprised of 80 leaders from the region’s largest companies and institutions. The organization is charged with aligning business leadership behind the vision of Columbus, Ohio, becoming the most prosperous metropolitan area in the country in terms of both economic and social
Challenge A rural community just outside the orbit of St. Louis, Iron County was negatively impacted by the breach of the Taum Sauk Reservoir in December 2005. Despite receiving settlement monies in 2011, County leaders struggled to implement a coordinated response to the area’s challenges which included stagnant population trends,
Challenge Located in South Carolina’s Upstate region, Greenville County is home to one of the nation’s most vibrant economies. Its long track record of attracting large-scale domestic and international investment has garnered media attention, including the front page of the Wall Street Journal and a segment on CBS’s 60 Minutes.
Challenge Part of the Puget Sound area, Kittitas County was hit hard by the 2008 recession. Like major metropolitan areas across the country, the heavily technology-dependent region saw a steep decline in economic activity as well as vital state funding. County leaders realized that traditional economic development activities centered on
