Regional Economy Frameworks
Numerous regional development and/or planning organizations serve rural communities across North America. However, few of them have actually developed regional frameworks to manage their economies across political boundaries. Many of these regions have multiple taxing jurisdictions that compete with each other for the same resources, economic development opportunities, attention and credit.
Most regional initiatives fail because they’re unwilling to institute transformative, decision-making frameworks that match their strategies. Regional frameworks succeed when they are developed as a complementary structure that leverages and does not compete with existing decision-making frameworks. They also must reflect the region’s economic drivers and natural economy rather than its political boundaries.
ViTAL Economy (VE) has helped develop new economic frameworks in numerous regional initiatives across Canada, Australia and the U.S. Contact us for examples of successful frameworks in multi-county, state-wide and cross-border regions, and learn how they can be customized to meet the unique realities of your region.
Related VE Journey Point: Mobilize