Challenge In late 2019, Delaware was enjoying some the lowest unemployment levels in the state’s history. The state’s largest city, Wilmington, boasted a thriving tech sector, built on its strengths in business and financial services, that supported $65 million in wages and 17,000 jobs. Yet despite these favorable economic conditions, […]
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 Five years after the official end of the Great Recession, Delaware continued to struggle with the lasting effects of the downturn. Faced with budget challenges; a restructuring of the state’s traditional industry clusters; and intense regional and national competition for jobs, investment, and talent, aggressive action was called for.
Challenge In addition to administering the Washington State Opportunity Scholarship Program, the College Success Foundation (CSF) is charged with oversight of the Washington State Opportunity Expansion (WSOE) program. As part of this effort—which evaluates proposals from colleges and universities to increase the production of four-year degrees in high-demand fields—CSF sought
Challenge Michigan’s Governor-elect, Gretchen Whitmer, made improving the state’s economy and creating high-paying jobs a central issue of her administration, as evidenced by her plan, Get it Done: Better Skills, Better Jobs for Michigan. While the state had rebounded on several key indicators since the recession, economic gains had not
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 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 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
