New Research Documents Economic Resilience Across Appalachia
Last Updated on Feb 14, 2019 at 9:02am | Garrett County Economic Development
The Appalachian Regional Commission (ARC) recently released Strengthening Economic Resilience in Appalachia, a new study identifying factors common across communities experiencing persistent economic growth in the aftermath of the 2008 Recession and other economic disruptions. The research includes a statistical analysis of key factors common to economic resilience, as well as a guidebook featuring ten communities that have rebounded after experiencing significant economic shocks.
To quantify economic resilience, 35 measures of demographics/mobility; economics/ industry; and community/health were analyzed in the Technical Report. With this analysis, each of Appalachia's 420 counties was given a "resilience score". From there, researchers conducted further analysis and field interviews to identify commonalities across counties with higher resilience scores.
These strategies include:
--Investing in education, technology, infrastructure and broadband;
--Engaging the community over the long-term;
--Growing youth engagement and next generation leadership;
--Identifying and growing the assets in the community and region;
--Building networks and fostering collaboration;
--Moving multiple sectors forward for economic development and growing value chains; and
--Cultivating entrepreneurs and developing resources for business start-ups.
Follow this link
for the full article and related links.