Challenge Through most of its history, downtown was a major destination for tourism and economic activity within Hot Springs. Its proximity to Hot Springs National Park (the first in the nation) and the presence of Bathhouse Row drew visitors to the region for over a century. But, over time, downtown […]
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 Historically, the job market in Clark County, Washington, closely tracked that of the greater Portland region. However, the county’s job growth began to diverge from that of the metropolitan area in the early 2000s. Following the Great Recession, the unemployment rate in Clark County stood among the highest in
Challenge Blaine County, Idaho, experienced a dramatic increase in the cost of land and housing in the years leading up to the 2007–2008 recession. Although the county’s rising costs were, in part, a reflection of the increase in speculative construction seen nationally at the time, conditions in the region were
Challenge Like much of the region surrounding the Eagle Ford Shale, Corpus Christi experienced significant post-recession growth, fueled in large part by the increased rates of oil and gas production made possible through hydraulic fracturing technology. The resulting boom, together with the presence of the Port of Corpus Christi and
Challenge In early 2016, the Lewis Economic Development Council (Lewis EDC) began the process of developing a strategic plan to guide the organization’s short, medium, and long-range economic development activities. Funded under the US Economic Development Administration’s (EDA) Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative, the plan
Challenge In 2018, Brownsville was the largest US city in the Rio Grande Valley and a rapidly growing, bi-national region with more than 2.5 million residents. The community was in the midst of an unprecedented convergence of major investment projects from both the private sector (such as SpaceX’s new Boca
Challenge Located in the heart of the Arkansas River Valley, the greater Fort Smith area featured some exceptional assets in the early 2000s, including a strong manufacturing base, excellent access to major metropolitan areas, and a relatively low cost of living. However, the region had reached a tipping point and
Challenge In 2012, Michigan’s governor created the Regional Prosperity Initiative (RPI), a statewide effort to bring local leaders together across ten designated “prosperity regions” to create a shared vision for economic growth. The eight-county East Central Michigan Prosperity Region, which encompasses Saginaw, has numerous assets: top-tier higher education institutions; major
Challenge The economy of central Oklahoma has long been defined by oil and gas. The vulnerability associated with overdependence on this sector has not been lost on the region’s civic leaders. Diversified investment generated through Oklahoma City’s much-lauded MAPS initiative has resulted in new projects and a renewed sense of
