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 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 Federal spending on defense procurement had generally maintained a downward trajectory since 2008, the result of effects from the Budget Control Act of 2011 and the Great Recession. With the state of Massachusetts predicting impacts in excess of $20 billion dollars from further spending cuts anticipated to its defense
Challenge At the onset of the COVID-19 pandemic, the Texas unemployment rate skyrocketed from its historical low of 3.4 percent in January 2020 to its historical high of 12.6 percent in April 2020. Like the rest of the country, a wide range of stakeholders, including public officials and economic development
Challenge The COVID-19 pandemic and associated economic upheaval had a negative impact on business supply chains, workers, and communities in Texas and around the globe. This upheaval exacerbated existing business challenges, particularly for small- and minority-owned businesses. Along with its challenges, the downturn presented opportunities to build on trends that
Challenge Boasting scenic landscapes and vibrant urban and rural communities, Montana had experienced a decade of unprecedented inbound migration and steady economic growth. During this time, the state performed well in several key economic indicators, including innovation funding and overall gross domestic product growth. However, heightened regional competition for private
Challenge In addition to producing the talent the economy relies on, innovation born out of Texas higher education institutions plays an essential role in the state’s global economic competitiveness. State leaders have made significant investments in this area, nearly tripling the number of top tier research universities in the past
Challenge The 2016 Delaware Growth Agenda outlined a transformative strategy for reinvigorating The First State’s economic trajectory and implementing a reset of its economic development approach, most notably through the establishment of the Delaware Prosperity Partnership. In the years since the Growth Agenda’s release, Delaware has experienced significant economic growth—on
Challenge Since it was created by the General Assembly in 2017, the Delaware Prosperity Partnership (DPP) has established itself as a first-rate statewide economic development organization. The public-private partnership (P3) has generated an impressive return—helping to locate 56 projects totaling $1.52 billion in capital investment—and has built trust and credibility
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)
