Rural Economic Resiliency in Colorado

Transcription

1 Rral Economic Resiliency in Colorado A Stdy of Factors Impacting Resiliency November 4, 2016

2 Project Overview Colorado Research Team: Colorado Office of Economic Development and International Trade University of Colorado, Leeds School of Bsiness, Bsiness Research Division The following organizations were instrmental in the spport of this analysis: Anschtz Fondation, El Pomar Fondation, Gates Family Fondation, and Tellride Fondation.

3 Project Overview The primary prpose of the project was to stdy identifiable factors that differentiate a path of sccess for commnities. Secondary data stdied for the analysis. Primary research garnered throgh focs grops and interviews in select conties. Goal: to nderstand what makes some commnities in Colorado thrive while others fail to retain poplation and sstain economic growth.

4 Case Stdies: Salida and Drango To gain a better nderstanding of the perceived drivers of economic resiliency in a rral commnity, the research team performed in-depth stdies. Varios commnity leaders and key stakeholders were interviewed. Dring the process, the research team delved deeper into the previosly identified drivers of and hindrances to resiliency in a commnity. Drivers and Challenges to Resiliency

5 Case Stdy Salida: Drivers of Resiliency Qality of Life Edcation & Health Care Commnity Leadership Indstry Diversity Transportation

6 Case Stdy Salida: Challenges to Resiliency Hosing Availability & Spply Labor Market Yoth and Family Retention Smart Growth

7 Case Stdy Drango: Drivers of Resiliency Qality of Life Indstry Diversity Edcation & Healthcare Commnity Leadership Transportation

8 Case Stdy Drango: Hrdles' to Resiliency Hosing Availability & Spply Labor Market Yoth & Family Retention Smart Growth

9 Observations & Economic Resiliency Gide Vision Yor Commnity: Create a development plan with by-in and inpt from the commnity. Think creatively and be athentic to yor commnity s personality when creating a vision for yor commnity. Invest in Commnity Assets: Create a development plan with by-in and inpt from the commnity. Seize Opportnities and Take Risks: Develop and foster a cltre of commitment, seizing opportnities, bilding bsinesses and commnity assets and diversifying yor commnity s indstries. Take risks and invest in yor commnity and bsinesses.

10 Observations & Economic Resiliency Gide cont d Invest in Edcation and Healthcare Consider edcation and healthcare as a tool for family and labor retention and attraction and invest accordingly. Infill/Density and Annexation Options Inventory annexation options and evalate infill and annexation policies. Collaborate and Work Regionally Pool resorces and bild capacity by working regionally. Empower and Engender Leaders Champion crrent leaders, making them ambassadors for yor commnity. Develop yong professional leadership programs to encorage and spport the next generation of leaders.

11 Thank yo and Q&A Brian Lewandowski Associate Director University of Colorado, Leeds School of Bsiness, Bsiness Research Division Lara Blomqist Rodrigez Senior Manager of Strategy and Analytics Colorado Office of Economic Development and International Trade Global Bsiness Development Division

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