1 / 22

Economic Diversification Strategies

Economic Diversification Strategies. Dana Crater International Economic Development Council. Recovery after natural and manmade disasters can set you back years Economic resilience programs are efforts that seek to bolster a community’s ability to withstand or avoid shocks.

kiraj
Download Presentation

Economic Diversification Strategies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Economic Diversification Strategies Dana Crater International Economic Development Council

  2. Recovery after natural and manmade disasters can set you back years Economic resilience programs are efforts that seek to bolster a community’s ability to withstand or avoid shocks Resilience in Disaster Recovery Planning

  3. U.S. Cluster Mapping Toolclustermapping.us

  4. U.S. Cluster Mapping Toolclustermapping.us

  5. Approaches to Economic Diversification

  6. Initiatives that can boost resilience

  7. Post-Disaster Strategic Planning

  8. Diversification Examples

  9. Diversify the Crops • Hemp • Alfalfa • Bamboo • Okra • Sunflowers • Cowpeas • Eucalyptus • Muscadine grapes • Sugar plums • Shiitake mushroom • Southern crab apples • Persimmon tree • Ogeechee lime tree • Carinata • Pongamia

  10. Late 1990s: over 7% unemployment rate and 16 vineyards • Leaders look at the agriculture industry • 2001 Walla Walla Valley Wine Alliance • 2002 over 50 vineyards • 2003: Institute for Enology and Viticulture at Walla Walla Community College • Currently over 120 vineyards in 3 county region Diversifying the Crops: Walla Walla Wine Region

  11. Fair Weather Farms, Rocky Hill, Conneticut • 2010 Disease, 2011 Hurricane Irene Flooding • 75 percent wholesale=too many eggs in one basket • Increase crop diversity and acres for retail sale • Embraced agritourism • Retail market for CSA pickup Agritourism

  12. Farm Trails Schoharie Area Long Term (SALT) launched a website to show off the cultural and natural assets of Schoharie County after Tropical Storms Irene and Lee to drive visitors to their region.

  13. A former Boise Cascade mill is transformed into an events complex with a motorpark, events pavaillion, monument to the timber industry and a park for RVs and Tiny Homes. Recreation and Entertainment

  14. Alternative Energy1400 acre family timber farm is transformed into a solar farm in Early County.

  15. Industrial Park After the 2011 tornadoes led to the loss of life and permanent jobs in the paper and timber industry, Wilcox County worked with federal, state and regional partners to attract a copper tube factory from China in 2013. In 2019, the company announced an expansion of 30 to 40 jobs for a total employment of 400 of which 80% of the workers are from Wilcox and neighboring Clark counties.

  16. Training Programs

  17. Farm Incubatornesfp.org/NIFTI

  18. August 2011, Hurricane Irene swept across the Connecticut River Valley of Vermont • As of November 2013, 98 percent of the loans had been repaid, with none in collection. • The Vermont Farm Fund is now able to provide innovation loans to help farmers and food producers with the costs of starting up a business. Financing Diversification and Innovation

  19. How IEDC Can Help Your Community

  20. IEDC’s Economic Recovery Program

  21. Possible types of support

  22. Dana Crater 910-833-7020 dcrater@iedconline.org How Can IEDC Help Your Community?

More Related