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Stronger Economies Together (SET)

SET is a program that helps rural counties work together as a regional team to develop and implement a high-quality regional economic development plan. It provides data and analysis, technical assistance, coaching, and a support structure for regional teams. Eligible regions are newly formed, need reenergizing, or need to update plans.

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Stronger Economies Together (SET)

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  1. Stronger Economies Together (SET) Strategies for Building New Economic Opportunities SET VII Applications

  2. Welcome and Introductions

  3. Support Structure for SET SET Regions State Resource Team SET National Team

  4. SET: Regions to Date

  5. Purpose of SET Help rural counties work together as a regional team in developing and implementing A High Quality Regional Economic Development Plan that builds on the current and emerging economic strengths of their region.

  6. What SET Provides Regional Teams Data & Analysis Technical Assistance Coaching

  7. SET Process Overview Implementing Success TX-Lower Rio Grande Valley

  8. Specific Eligibility & Priority Points

  9. Aligning with the Purpose of SET Regions best suited for SET are: • Newly formed regions • Regions that need to be reenergized • Regions needing to update plans (such as CEDS) Where SET Is Not a good fit: • Regions that have recently completed regional economic plans • Regions that are already functioning at a high level

  10. Understanding the Rural Definition http://srdc.msstate.edu/set/apply 51% or more of the region's population is classified as rural OR 75% of the region's land area is located in rural areas of that region.

  11. Priority Points: Economically Distressed Regions with at least one county that has: • A per capita income of 80% or less of the national average and/or • Has an unemployment rate that is at least 1 percent greater than the national average unemployment rate for the most recent 24-month period for which data are available

  12. Priority Points: Finding Data http://www.statsamerica.org/distress/distress.aspx • Select your state, then select your proposed counties one at a time and click “add county” until all appear in the box. • Click Distress Report to see Economic Distress Criteria Primary Elements.

  13. The Site Visit Purposes: • Ensure that regions understand SET • Select sites that are most likely to benefit • Clarify expectations for the regions • Help coaches prepare for working with the regions

  14. Timeline • INSERT DATE- Regional Applications Open • INSERT DATE - Regional Applications Due • Late April, Regions Announced • SET Planning Phase: 6-7 months • SET Launching Phase: 6-7 months

  15. Your Turn:Question and Answers

  16. Who to Contact? Insert Your Team Contact Info http://srdc.msstate.edu/set/

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