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Rural Economic
Resiliency in Colorado
A Study of Factors Impacting Resiliency
June 2017
Project Overview
Colorado Research Team:
Colorado Office of Economic Development and International Trade
University of Colorado, Leeds School of Business, Business Research Division
The following organizations were instrumental in the support of this
analysis:
Anschutz Foundation, El Pomar Foundation,
Gates Family Foundation, and Telluride Foundation.
Project Overview
◆ The primary purpose of the project was to study
identifiable factors that differentiate a path of success for
communities.
◆ Secondary data studied for the analysis.
◆ Primary research garnered through focus groups and
interviews in select counties.
◆ Goal: to understand what makes some communities in
Colorado thrive while others fail to retain population and
sustain economic growth.
Case Studies: Salida and
Durango
Drivers and
Challenges to
Resiliency
◆ To gain a better understanding of the
perceived drivers of economic resiliency
in a rural community, the research team
performed in-depth studies.
◆ Various community leaders and key
stakeholders were interviewed.
◆ During the process, the research team
delved deeper into the previously
identified drivers of and hindrances to
resiliency in a community.
Case Study: Drivers of
Resiliency
Quality of Life
Education & Health Care
Community Leadership
Industry Diversity
Transportation
Case Study: Hurdles' to
Resiliency
Housing Availability &
Supply
Labor Market
Youth & Family Retention
Smart Growth
Observations & Economic
Resiliency Guide
◆ Vision Your Community:
◆ Create a development plan with buy-in and input from the community.
◆ Think creatively and be authentic to your community’s personality when creating a vision
for your community.
◆ Invest in Community Assets:
◆ Identify community assets ideal for community placemaking.
◆ Seize Opportunities and Take Risks:
◆ Develop and foster a culture of commitment, seizing opportunities, building businesses
and community assets and diversifying your community’s industries.
◆ Take risks and invest in your community and businesses.
Observations & Economic
Resiliency Guide cont’d
◆ Invest in Education and Healthcare
◆ Consider education and healthcare as a tool for family and labor
retention and attraction and invest accordingly.
◆ Infill/Density and Annexation Options
◆ Inventory annexation options and evaluate infill and annexation
policies.
◆ Collaborate and Work Regionally
◆ Pool resources and build capacity by working regionally.
◆ Empower and Engender Leaders
◆ Champion current leaders, making them ambassadors for your community.
◆ Develop young professional leadership programs to encourage and support
the next generation of leaders.
Thank you and Q&A
Laura Blomquist Rodriguez
Senior Manager of Strategy and
Analytics
Colorado Office of Economic
Development and International Trade
laura.blomquist@state.co.us
Rural Economic Resiliency in Colorado

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Rural Economic Resiliency in Colorado

  • 1. Rural Economic Resiliency in Colorado A Study of Factors Impacting Resiliency June 2017
  • 2. Project Overview Colorado Research Team: Colorado Office of Economic Development and International Trade University of Colorado, Leeds School of Business, Business Research Division The following organizations were instrumental in the support of this analysis: Anschutz Foundation, El Pomar Foundation, Gates Family Foundation, and Telluride Foundation.
  • 3. Project Overview ◆ The primary purpose of the project was to study identifiable factors that differentiate a path of success for communities. ◆ Secondary data studied for the analysis. ◆ Primary research garnered through focus groups and interviews in select counties. ◆ Goal: to understand what makes some communities in Colorado thrive while others fail to retain population and sustain economic growth.
  • 4. Case Studies: Salida and Durango Drivers and Challenges to Resiliency ◆ To gain a better understanding of the perceived drivers of economic resiliency in a rural community, the research team performed in-depth studies. ◆ Various community leaders and key stakeholders were interviewed. ◆ During the process, the research team delved deeper into the previously identified drivers of and hindrances to resiliency in a community.
  • 5. Case Study: Drivers of Resiliency Quality of Life Education & Health Care Community Leadership Industry Diversity Transportation
  • 6. Case Study: Hurdles' to Resiliency Housing Availability & Supply Labor Market Youth & Family Retention Smart Growth
  • 7. Observations & Economic Resiliency Guide ◆ Vision Your Community: ◆ Create a development plan with buy-in and input from the community. ◆ Think creatively and be authentic to your community’s personality when creating a vision for your community. ◆ Invest in Community Assets: ◆ Identify community assets ideal for community placemaking. ◆ Seize Opportunities and Take Risks: ◆ Develop and foster a culture of commitment, seizing opportunities, building businesses and community assets and diversifying your community’s industries. ◆ Take risks and invest in your community and businesses.
  • 8. Observations & Economic Resiliency Guide cont’d ◆ Invest in Education and Healthcare ◆ Consider education and healthcare as a tool for family and labor retention and attraction and invest accordingly. ◆ Infill/Density and Annexation Options ◆ Inventory annexation options and evaluate infill and annexation policies. ◆ Collaborate and Work Regionally ◆ Pool resources and build capacity by working regionally. ◆ Empower and Engender Leaders ◆ Champion current leaders, making them ambassadors for your community. ◆ Develop young professional leadership programs to encourage and support the next generation of leaders.
  • 9. Thank you and Q&A Laura Blomquist Rodriguez Senior Manager of Strategy and Analytics Colorado Office of Economic Development and International Trade laura.blomquist@state.co.us