The sharp downturn in economic activity precipitated by the global COVID-19 pandemic brought the need for recovery and resiliency planning into sharp relief for communities, regions, and states in 2020. The leaders of Idaho’s five economic development districts saw the need for immediate action and formed an innovative, strategic partnership to position their communities for a quicker recovery and long-term resiliency.
Implementation & measurement
As the global pandemic continues to affect communities around the world, recent access to the COVID-19 vaccine has provided a much-needed glimmer of hope for a return to normalcy. While the vaccine rollout overall has had its ups and downs, some communities have had great success administering doses to residents. One such community is Larimer County, Colorado.
Disconnected young people, often referred to as opportunity youth, are the future of our economies and our workforce. We spoke to Anna Crockett, Community Development Analyst at the Federal Reserve Bank of Dallas, to better understand the challenges facing opportunity youth, their importance to our communities, and potential investment strategies for community leaders.
Just a few short months after the Greater Green Bay Chamber unveiled its new Economic Development Strategic Plan, the community announced a major stride toward meeting one of its goals: building a robust ecosystem for innovation and entrepreneurship. In October 2017, the Green Bay Packers and Microsoft announced the launch of TitletownTech, a one-of-a-kind partnership aimed at spurring entrepreneurship and economic development in the Greater Green Bay region.
On April 1, 2016, TIP senior consultant Alex Cooke attended a luncheon hosted by the Waxahachie Chamber of Commerce Economic Development Council to celebrate the community’s successful implementation of its economic development strategic plan.
In June 2014, the North Louisiana Economic Partnership (NLEP) adopted its five-year strategic plan, developed with the assistance of TIP Strategies. TIP’s principal and CEO, Tom Stellman, recently attended NLEP’s Annual Meeting to provide an update on plan implementation and outcomes to the organization’s Board of Directors.
Performance measurement is an increasingly important part of economic development strategic planning. In addition to traditional measures of job growth, income, and tax base, TIP has been working with our clients to establish broader metrics associated with challenges including sustainability, social equity, and other community development issues.