Challenge Economic growth in the United States Virgin Islands (“USVI” and “Territory”) suffered due to the 2012 closure of the HOVENSA oil refinery, US Treasury regulations contained in the 2004 Jobs Act, and the ongoing sluggishness in the global economy following the Great Recession. In addition, the Territory faced ongoing […]
Challenge In mid-2010 the Austin Technology Incubator (ATI) received a grant from the US Department of Commerce’s Economic Development Administration (EDA) to determine the feasibility of developing wet-lab space for life-sciences companies in Austin. The ATI study was intended to estimate the demand for wet-lab space in Austin, determine best
Challenge As part of its efforts to organize a regional cluster initiative, Bexar County contracted TIP Strategies to develop a report on the Texas—Northeastern Mexico vehicle manufacturing industry. The purpose of the report was to define the region, highlight industry trends, and profile the regional assets that support vehicle manufacturing.
Challenge Due to the oil boom in the Bakken region of North Dakota, the Bismarck-Mandan region was the location of choice for engineering companies, oil field support services, and other business services related to oil and gas exploration. However, in the face of low oil prices and a slowing of
Challenge Jazzland, a 162-acre amusement park, opened in 2000 in an effort to create jobs and bring a major tourism attraction to New Orleans East. The park was purchased by Six Flags in 2002. Hurricane Katrina devastated the amusement park in 2005 and Six Flag’s own bankruptcy complicated the park’s
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 In November 2018, the National League of Cities (NLC) and TIP Strategies launched a competition for a pilot program to bring together local leaders and stakeholders to identify a collaborative path to address economic development issues of the winning community’s choice. The Mid-America Regional Council (MARC), a metropolitan planning
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 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
