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 Community development financial institutions (CDFIs) play a key role in expanding access to financial products and services in low-income and moderate-income communities. A range of institutions can be designated as CDFIs including banks, credit unions, loan funds, and venture capital funds. An August 2023 analysis by the Federal Reserve
Challenge While issues related to racism and equity have been present for generations, several pivotal events in 2020 shone a bright light on the scale and pervasive nature of racial disparities. In the first quarter of 2020, the COVID-19 pandemic and the associated economic downturn drew attention to the importance
Challenge Even before the COVID-19 pandemic, employers across the country were experiencing severe labor market challenges, including low labor force participation rates and the aging out of the baby boom generation. With the onset of the pandemic, many of these challenges were accelerated. Workers across the country scrambled to figure
Challenge The City of Virginia Beach found itself at an economic development crossroads in late 2020 as the COVID-19 pandemic raged. Home to approximately 450,000 residents, the city boasts 38 miles of beachfront, four of the world’s fastest subsea cables, exceptional transportation infrastructure, and access to the third-largest container port
Challenge Located in South Carolina’s Upstate region, Greenville County is home to one of the nation’s most vibrant economies. Its long track record of attracting large-scale domestic and international investment has garnered media attention, including the front page of the Wall Street Journal and a segment on CBS’s 60 Minutes.
Challenge Home to Columbia, South Carolina’s state capital, Richland County boasts an impressive array of assets, including postsecondary institutions, transportation infrastructure, and the US Army’s Fort Jackson. Richland County also offers unique neighborhoods; historical landmarks and homes; a thriving riverfront; cultural, arts, and entertainment offerings; and outdoor recreation. This attractive
Challenge McCormick County, South Carolina, is rich in both natural resources and history. Immense tracks of forested public land, over 1,000 miles of lake front property, and numerous historical sites provide the county significant economic opportunities. These resources, coupled with its proximity to a rapidly growing Augusta metropolitan area, positioned
Challenge The City of Clearwater faced two formative demographic trends: an aging population and above-average share of low-income households. Compounding these trends is the City’s over-reliance on residential real estate taxes, with housing accounting for approximately two-thirds of its property tax base. In addition, Clearwater lacks available greenfield development sites
Challenge Despite a long-term decline in manufacturing employment at the national level, Buncombe County has captured top tier advanced manufacturing companies. The region is also home to the National Centers for Environmental Information and a dynamic community of entrepreneurs and innovative startups. Building on this success is a challenge for
