comprehensive economic development strategy update 2013

7/28/2019 Comprehensive Economic Development Strategy Update 2013

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COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY

2012 2017

2013 Update

TEXOMA COUNCIL OF GOVERNMENTS


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OUR VISION FOR TEXOMA

Promote innovative thinkingand creative mindsacross business and government

Connect the regionwith partnerships, leadershipskills to prepare for the future

Create new investment opportunitiesand enhanceentrepreneurship and small businesses

Collaborate with regional partnersto protect arearesources and promote a dynamic region

Build strong economiesand foster economicdevelopment

Help communities achieve long term competitive development through

investments in human, information, and natural resources, with the ultimate

goal of improving the quality of life


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INTRODUCTION

Texoma Council of Governments serves as the Economic Development District (EDD)

for Cooke, Fannin & Grayson counties comprising of the Texoma region. It is a

designation granted by Department of Commerce Economic Development

Administration (EDA). Texoma EDD coordinates economic development activities in

tri-county Texoma region. All three counties have elected to be part of the district's

organization and programming. The EDD provides information about economic

development strategy and initiatives, sources of funds for businesses and public

agencies, along with economic and community data when requested.

This Comprehensive Economic Development Strategy (CEDS) is part of a local

planning and implementation process designed to create jobs, foster more stable

and diversified economies, improve living conditions, and provide a mechanism for

guiding and coordinating the efforts of persons and organizations concerned with

economic development.

The 2013 CEDS Update to the 2012-2017 Comprehensive Economic Development

Strategy incorporates freshly released economic, demographic, industry and

housing information on Texoma area. Despite the inclusion of new data and

identification of new project priorities, the issues identified in the originalComprehensive Economic Development Strategy document remain relevant today.

Regionalism and collaboration is prioritized in the CEDS process to bring the

communities together and create a uniform development scenario. This document

emphasizes an asset based approach to economic development which highlights

and plans to capitalize on strengths and resources of the region.

Economic Development is a dynamic process that defies rigid procedural formulas; it

is a process developed over a long period of time. Broad areas such as population,

education, infrastructure, industries, etc. encompass economic development.

Stakeholders who represent all these areas should integrate to develop a successful

decision making process. Successes in each of these areas will bolster economic

development.


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DEMOGRAPHICS

POPULATION ESTIMATES

Population estimates for

2012 show an increase in

Cooke & Grayson

counties, while Fannin

county population is

declining in small

numbers.

According to the estimates, population in Texoma region has increased considerably

since 2010 and would continue to rise, as demonstrated by the population

projection analysis below.

POPULATION PROJECTIONS

Moving steadily upward

Current projections forTexoma region show the

region is on track to pass

200,000 within the next ten

years. This would be an

important milestone for the

region.

About Sixty-two percent of

population in Texoma

region lives in Grayson

County; Cooke and Fannin Counties each have between 20 and 17 percent of the

region population. The distribution has changed very little over the last decade.

Since 2000, the region has experienced a consistent increase in population.

0

50,000

100,000

150,000

200,000

250,000

2000 2010 2020 2030

History Forecast

Source: US Census Bureau

Source: US Census Bureau, Texas State Data Center

Census

Year 2010 2011 2012

Cooke County 38,437 38,367 38,688

Fannin County 33,915 33,884 33,831

Grayson County 120,877 121,306 121,935

Texoma region 193,229 193,557 194,454

Population Estimate (as of J uly 1)


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POPULATION AGE COHORTS

A look at absolute numbers of people for all three counties further illustrates the

region changing age structure. As the senior population grows in number in

Texoma region, the youth population will remain relatively steady and experiencedworking age will descend during the next few years.

The working adults (age 25 to 44) will be close to 60,000 after twenty years The region will experience a decline of almost 10,000 experienced working age

population (25 to 44) in the next two decades

As seniors grow in number, other cohorts remain relatively steady

0

20,000

40,000

60,000

80,000

2000 2010 2020 2030

Histor Pro ection

Youth (under 25

Working adults (25 to 44

Experienced working

age (45 to 64)

Seniors (65+)

Source: US Census Bureau, Texas Department of State Health Services


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EDUCATIONAL ATTAINMENT

Highest level of education achieved by the population age 25 or older

Texoma region adults are slightly more likely to have completed high school than

the statewide average, with only 16 percent of residents lacking a high school

diploma versus 19 percent statewide, whereas national average is less than the

region.

They are more likely to have completed a four-year college degree than their fellow

Texans or than the US as a whole. Only 18 percent of Texoma region residents age 25

years or older are estimated to have completed a bachelor degree or higher. Incontrast, this figure is 26 percent for Texas and 28 percent for the US.

16%

34%32%

18%

19%

26%

29%

26%

15%

28%

29%

28%

US

no high school diplomahigh school diploma or GED

some college but less than a 4-year degree

degree or higher

Texoma region

Source: US Census Bureau (American Community Survey, 2009-2011 estimates)


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Share of residents enrolled in some type of educational program

At any given

time, over 25

percent of

the Texoma

Region

residents are

enrolled in

some kind of

educational

program,

whether it is

nursery school or college or a vocational course.

The density of enrollment in the region (28

percent overall) falls only slightly below the state

level (29 percent) and is higher than the US level

(23 percent).

HOUSING

Housing Affordability ratios higher than the US average

The median

household

income levels in

tri-county

region are

lower than the

nationalaverage. But

the median

home value in

the three

counties is 2.1

1%

2%

2%

1%

2%

1%

11%

12%

11%

5%

6%

6%

5%

7%

8%

0% 5% 10% 15% 20% 25% 30%

US

Texas

Texoma region

Nursery school, preschool

Kindergarten

Elementary school (grades 1-8)

High school (grades 9-12)

College or graduate school


Cooke

Fannin

Grayson

US

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000

M

edianHomeValue

Median Household Income

Ratios > 3.5 are less affordable

than the US averageRatios < 3.5 are moreaffordable than the

US average



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to 2.3 times the median income. When compared to the national average of 3.5, the

region housing affordability is ascertained.

Better housing costs also reflect on the low cost of living in the region.

High levels of owner occupancy are also responsible for good affordability

A high level of

housing

affordability

makes it possible

for more number

of residents to

own a home.Occupancy rates

are higher in all

three counties

than the national

average of 65%.

As per the three year estimates (2009-2011), home ownership is a higher possibility

in Fannin County owing to lower median home values.

Commute patterns of Texoma workers

US 65%

Grayson 67%

Cooke 69%

Fannin 73%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


26,527 42,400

35,411

Employed in Texoma

region, live outside

Live in Texoma region,

employed outside

Employed and live in

Texoma region

Source: US Census Bureau, On The Map

Inflow Outflow in Texoma in 2011


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ECONOMY

EMPLOYMENT PROJECTIONS

Health Care industry to bring around 3,000 jobs over the next decade

Over the next decade, health care and other dominant sectors, educational services,

accommodation and food services, manufacturing, and retail trade would bring

around 8,650 jobs in Texoma region.

On the other hand, utilities, management of companies, agriculture, forestry and

fishing; information, arts and recreation would be small job generating sectors.

300

3,120

2,720

1,950

7,470

10,290

590

5,860

1,750

8,430

620

670

1,280

20

2,790

410

1,740

8,450

1,880

340

3,620

3,320

2,400

9,300

13,280

650

7,420

2,590

9,600

640

740

1,440

20

3,250

460

1,890

9,550

2,090

0 4000 8000 12000 16000

Agriculture, Forestry, Fishing & Hunting

Construction

Finance & Insurance

Educational Services

Health Care & Social Assistance

Arts, Entertainment, & Recreation

Accommodation & Food Services

Mining

Manufacturing

Information

Real Estate & Rental & Leasing

Professional, Scientific, & Technical Services

Management of Companies & Enterprises

Other Services, Ex. Government

Utilities

Wholesale Trade

Retail Trade

Transportation & Warehousing

Projected Employment 2020 Estimated Employment 2010

Source: Texas Labor Market Information, LMCI Tracer

*Note: Industry sectors are classified as per the North American Industry Classification System (NAICS)


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Employment by Industry Clusters

Biomedical/Biotechnical (life sciences), Energy (Fossil and Renewable) and

Manufacturing Supercluster contribute to more than 20,000 jobs in the region.

Hospitals and related industries are a part of the biomedical/biotechnical industry

cluster and employment in these

industries are a large part of Texoma

workforce.

Oil and Gas Extraction industries that

are under the energy industry cluster

employ substantial number of people

in Cooke County. Cooke County has

64

82

112

118

122

361

385

667

938

981

1,176

1,332

1,417

1,492

1,709

1,862

1,911

2,326

3,067

3,548

5,440

5,728

9,113

0 4000 8000 12000

Glass & Ceramics

Electrical Equipment, Appliance & Component Mfg

Primary Metal Mfg

Apparel & Textiles

Mining

Forest & Wood Products

Printing & Publishing

Machinery Mfg

Education & Knowledge CreationChemicals & Chemical Based Products

Computer & Electronic Product Mfg

Arts, Entertainment, Recreation & Vistor Industries

Transportation & Logistics

Fabricated Metal Product Mfg

Information Technology & Telecommunications

Agribusiness, Food Processing & Technology

Transportation Equipment Mfg

Advanced Materials

Business & Financial Services

Defense & Security

Manufacturing Supercluster

Energy (Fossil & Renewable)

Biomedical/Biotechnical (Life Sciences)

Source: Innovation in American Regions, Industry Clusters 2011,www.statsamerica.org

*Note: A list of six-digit NAICS definitions for each of these industry clusters is available at

http://www.statsamerica.org/innovation/reports/sections/appendix_I.pdf

200,000

300,000

400,000

500,000

600,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

Source: Railroad Commission of Texas, Production
http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/innovation/reports/sections/appendix_I.pdfhttp://www.statsamerica.org/innovation/reports/sections/appendix_I.pdfhttp://www.statsamerica.org/innovation/reports/sections/appendix_I.pdfhttp://www.statsamerica.org/


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seen one of the highest amounts of crude oil production in the last few years.

Manufacturing is also one of the strongest and most promising industry clusters in

Texoma region and would continue to grow with national progress in the cluster.

Location Quotient Analysis for Industry Clusters

A location quotient

(LQ) can be defined

as a ratio of the

percentage of

employment in a

local industry cluster

to the percentage of

employment in the

same industry cluster

at the national level.

The L analysis would

be helpful in

determining whether

the industry cluster is

a basic in nature;serving outside

Texoma region or

non-basic; serving

within the region. If

the local industry

cluster and the

national industry

cluster are perfectly

proportional, then

the location quotient

is 1.00.

If an industry is

heavily concentrated0.00

0.25

0.50

0.75

1.00

1.25

1.50

1.75

2.00

2.25

2.50

2.75

3.00

3.25

3.50

AO

BOW

AG

Apparel&Textiles

Education&KnowledgeCreation

Printing&Publishing

Business&FinancialServices

Forest&WoodProducts

Glass&Ceramics

InformationTechnology&Telecomm

unications

Transportation&Logistics

Defense&Security

Chemicals&ChemicalBasedProduc

ts

AdvancedMaterials

Agribusiness,

FoodProcessing&Tec

hnology

Mining

Biomedical/Biotechnical(LifeSciences)

PrimaryMetalMfg

ElectricalEquipment,Appliance&ComponentMfg

MachineryMfg

Energy(Fossil&Renewable)

Computer&ElectronicProductMfg

ManufacturingSupercluster

FabricatedMetalProductMfg

TransportationEquipmentMfg

US average for each industry cluster = 1.00

Industry clusters are exporting > 1.25

Industry clusters are not meeting local demand < 0.75

Source: Innovation in American Regions, Industry Clusters 2011,www.statsamerica.org
http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/


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at the local level (gambling industry in Southern Oklahoma) the location quotient

will be higher than 1.00. In contrast, if the industry does not meet the local demand

(for example, farming in New York City) then the location quotient will be lower than

1.00.

Manufacturing, energy, biomedical/biochemical, agribusiness, food processing and

mining industry clusters show strong LQs in Texoma region.

Employment by Occupation Clusters and occupation cluster share of total

employment

Skilled production, legal, financial, real estate, agribusiness, food technology,

managerial, sales, marketing, HR occupation clusters form around 28 percent of the

total Texoma workforce. Whereas, information technology, engineering and related

sciences; building, landscape and construction design; natural science and

environmental management jobs are lacking in the region.

237

367

699

722

868

874

1,125

1,278

1,557

1,597

1,830

3,818

4,958

5,567

5,665

6,450

6,514

6,798

8,750

0 2000 4000 6000 8000 10000 12000

Natural Sciences and Environmental Management

Building, Landscape and Construction Design

Engineering and Related Sciences

Information Technology (IT)

Postsecondary Education and Knowledge Creation

Health Care and Medical Science (Medical Technicians)

Public Safety and Domestic Security

Mathematics, Statistics, Data and Accounting

Arts, Entertainment, Publishing and Broadcasting

Personal Services Occupations

Technology-Based Knowledge Clusters

Health Care and Medical Science (Aggregate)

Managerial, Sales, Marketing and HR

Agribusiness and Food Technology

Legal and Financial Services, and Real Estate (L & FIRE)

8.8%

6.8%

6.5%

6.5%

5.7%

5.6%

5.0%

3.8%

1.8%

1.6%

1.6%

1.3%

1.1%

0.9%

0.9%

0.7%

0.7%

0.4%

0.2%

Source: Innovation in American Regions, Occupation Clusters 2010, www.statsamerica.org

*Note: A list of SOC definitions for each of these occupation clusters is available at

http://www.statsamerica.org/innovation/reports/sections2/H.pdf
http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/http://www.statsamerica.org/innovation/reports/sections2/H.pdfhttp://www.statsamerica.org/innovation/reports/sections2/H.pdfhttp://www.statsamerica.org/innovation/reports/sections2/H.pdfhttp://www.statsamerica.org/


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Location Quotient

Analysis for

Occupation

Clusters

US average for each

industry cluster = 1.00

Industry clusters are

exporting > 1.25

Industry clusters are

not meeting local

demand < 0.75

Agriculture & food

technology and

skilled production

workers are the

only two

occupation

clusters with

strong location

quotients.

Food processing

employers in

Texoma region are

one of the largest

exporters in the

nation.

Manufacturing

industries in the

region demand

high number of

skilled production

workers.

0.00

0.25

0.50

0.75

1.00

1.25

1.50

1.75

2.00

2.25

2.50

2.75

3.00

3.25

3.50

3.75

4.00

4.25

4.50

AO

BOW

AG

InformationTechnology(IT)

Mathematics,St

atistics,DataandAccounting

Technology-Bas

edKnowledgeClusters

HealthCareand

MedicalScience(MedicalPractitionersandScientists)

Arts,Entertainm

ent,PublishingandBroadcasting

PersonalService

sOccupations

PostsecondaryE

ducationandKnowledgeCreation

Engineeringand

RelatedSciences

Managerial,Sale

s,MarketingandHR

Building,LandscapeandConstructionDesign

LegalandFinancialServicesandRealEstate(L&FIRE)

NaturalSciencesandEnvironmentalManagement

HealthCareand

MedicalScience(MedicalTechnicians)

HealthCareand

MedicalScience(Aggregate)

Primary/Second

aryandVocationalEducation,Remediation&SocialServices

PublicSafetyan

dDomesticSecurity

HealthCareand

MedicalScience(Therapy,Counselinga

ndRehabilitation)

SkilledProductionWorkers:Technicians,Operators,Trades,Installers&Repairers

AgribusinessandFoodTechnology

Source: Innovation in American Regions, Occupation Clusters 2010,www.statsamerica.org


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EDA ECONOMIC DISTRESS CRITERIA

The Economic Development Administration (EDA) determines eligibility and

investment rates of applicants based upon defined measures of economic distress.

An applicant eligibility is primarily based up their ability to demonstrate that the

geographic area of impact of the proposed project has, (1) an unemployment rate

for the most recent twenty four month period for which data is available that is at

least one percentage point greater than the national average, (2) per capita income

that is eighty percent or less of the national average per capita income, (3) a

designation as a Special Impact Area by EDA. EDA requests that applicants provide

the latest data available in the proposed project region or area of impact.

Measuring economic distress criteria (census tracts)

Economic distress is measured in Cooke, Fannin and Grayson counties by using

census tracts as the unit of analysis. The distressed region in Grayson County is the

most populated area in Texoma.

Cooke Grayson Fannin

Meets the distress criteria for er ca ita ersonal income

Meets the distress criteria for unem lo ment rate

Meets the distress criteria for unem lo ment rate & er ca ita ersonal income

Source: Innovation in American Regions, Economic Distress 2011,www.statsamerica.org


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STRENGTHS, WEAKNESSES,

OPPORTUNITIES & THREATS (SWOT)

O

SWOTANALYSIS

S WO T

Proximity to DFW metroplex

Lake Texoma

Highways US 75 & US 82

Proximity to Choctaw & Winstarcasinos

Access to hospitals

Relative low cost of living

Relative low labor costs

Tourism opportunities

Natural resources

Local community efforts

Lack of trained workforce

Lack of diverse economy,

corporate jobs

Missing skill sets, mechanics Educational attainment levels

Understanding the need for

public transportation

Not thinking regionally

No marketing for theREGION'

Ecotourism-fragmented pieces

Sell region as a whole

Increase S.T.E.M careers

Grow the Manufacturing sector

Work based learning-

internships, apprenticeships

Agriculture

Community Colleges

Local and regionalcollaborations

Strong state economy

HELPFUL HARMFUL

Aging population

Local competition-sales tax,

business

Reliance on personal

transportation

Outmigration of young

professionals , brain drain

Resistance to change

INTERNAL

EXTERNAL


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REGIONAL ASSETS

LAKE TEXOMA

Lake Texoma is situated on the Red River between

Oklahoma and Texas. Attracting approximately 6 million

visitors a year, Lake Texoma's popularity is largely

attributed to its sheer size as well as its proximity to the

Dallas-Fort Worth metroplex, about an hour's drive south

of the lake.

The lake area includes two wildlife refuges, two state

parks, fifty four USACE-managed parks, twelve marinas,

twenty-six resorts, hundreds of campgrounds and a

variety of excellent golf courses. Power boating, sailing,

personal watercraft, water skiing and wind surfing are all

popular pursuits. Lake Texoma has become a major

sailing center based on the lake's size, depth and miles of

sailing shoreline.

NATURAL RESOURCES

Apart from Lake Texoma, the region has Caddo National

Grasslands and Hagerman National Wildlife Refuge.

Caddo National Grasslands is located in Fannin County

and is divided into two units, the Bois d' Arc Creek Unit

(13,360 acre s) and Ladonia Unit (2,780 acre). These units

have a diversified habitat, lakes and streams with

hunting and fishing facilities.

The 12,000 acres Hagerman National Wildlife Refuge,

situated in Grayson County, is home for several species of

birds and wildlife. Hiking trails, wildlife photography,

fishing, seasonal boating and hunting are offered at the

Hagerman. There are several state parks in the region


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namely Eisenhower State Park, Bonham State Park, and

the Johnson Brand Unit of Ray Roberts Lake.

TOURISM

Lake Texoma and other natural resources in the region

attract hundreds of people each year.There are various

recreational areas, campgrounds, marinas, hiking trails

and biking trails surrounding the state parks and Lake

Texoma. Various nature/environmental programs are

scheduled throughout the year. Eisenhower Yacht Club at

Denison, which is privately operated, provides a variety

of marina services.There are several farms and ranches in Texoma providing

a series of other recreational activities. Horseback riding

is also a popular activity in the region. Western parts of

Texoma are part of the North Texas Horse Country, one of

the largest concentrations of horse farms in the United

States, an area with more than 350 horse farms and even

more equine and equestrian- focused businesses.

EXISTING TRANSPORTATION NETWORKS

The Texoma region is suitably located in North Texas

region close to several major metropolitan areas with

strong commercial and retail markets. Interstate 35 and

US Highways 69/75 and 82 provide easy access to these

markets as well as numerous business airports such as

North Texas Regional Airport, Sherman Municipal

Airport, Gainesville Airport, and Bonham Airport.

TAPS Public Transit is a private, non-profit corporation in

the region and serves Collin, Fannin, Grayson, Cooke,

Wise, Clay & Montague Counties. It provides safe and

affordable transportation to the entire public in Texoma


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region. It serves people of all ages and incomes, and is

well equipped to service the elderly and disabled.

Texoma is well served by railroads, several Class 1 railway

networks pass through Texoma, connecting to several

ports such as the Port of Houston (TX), Port of Catoosa

(OK), and Port of Muskogee (OK). Amtrak uses the BNSF

intermodal line for passenger rail service on their

Heartland Flyer route with a stop in Gainesville.

MANUFACTURING

Manufacturing in the region is more robust than most

other industry sectors. In 2011, manufacturing sectorworkers formed 13 percent of the total Texoma

workforce. In the next decade, the manufacturing jobs are

projected to increase by around 15 percent more than the

current numbers.

Skilled production workers, technicians, operators,

traders, installers, repairers, that is, jobs associated with

the manufacturing sector are the most sought after jobs

in Texoma region.

HEALTH CARE

In 2011, Heath care industry comprised 15% of the

Texoma workforce according to the Bureau of Labor

Statistics information.

Wilson N. Jones Regional Health System and Texoma

Health Care System are two major employers in the

region. With high senior population, the region houses

several top notch nursing homes and facilities.

Health care jobs are estimated to increase by around 30

percent in the next decade.


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EMERGING OPPORTUNITIES

TRANSPORTATION

Transportation and mobility of resources, capital, and labor that connect a region

externally and internally are a key factor for a healthy regional economy. The

availability and capacity of transportation infrastructure is an emerging resource for

the Texoma region. Ongoing transportation projects are widening the connectivity

alternatives to adjoining metropolitan cities and other areas.

Recently, TAPS Public Transit extended their public transportation services in Bryan

County, Oklahoma and plans are underway to duplicate this effort in some other

counties in Southern Oklahoma and the Dallas-Fort Worth metroplex area.Educational and local government entities have come together to create a safe

environment for bicyclists and pedestrians through efficient planning measures.

Improvement in local and neighborhood connections to facilitate safe and

affordable transportation alternatives is a priority in the region.

ECOTOURISM

By increasing local capacity building and employment opportunities, ecotourism canbe an effective economic development driver. Texoma region is endowed with a

number natural resources and it is a prime tourist destination for people residing in

adjoining regions. It is necessary to devise a unified strategy to capitalize on the

tourism strength in Texoma.

Documenting regional assets and devising a strategy for marketing them is the first

step in leveraging tourism for economic development. This step would include

cataloging existing tourism sites and organizations, as well as identifying potential

target audiences and marketing channels. Visitor data and other indicators ofeconomic impact should be taken into consideration for ecotourism planning. Some

examples of categories to be marketed are as follows:

Outdoor Recreation & Camping Trails, Biking & Hiking


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Birding Boating, Fishing and Hunting Historic Tourism Arts & Literature Festivals & Events Road Trips and Tourist Routes

AGRICULTURAL ENTREPRENEURSHIP

There are significant trends in consumer preferences that are driving the market for

agricultural products. These includeconsumer interest in foods that are prepared

naturally (organic produce, free-range chickens, antibiotic-free meats and dairy

products), as well as those that meet certain health or dietary needs (gluten-free

products, low-fat foods). Capitalizing on these trends can help local producers

increase their market share.

The region is one of the largest producers of corn. Wheat production, lavender

farming, horse farming, deer farming, and livestock farming are some of the

emerging agribusinesses in the area. Marketing and multiplying efforts to grow

these businesses can help strengthen the share of agriculture sector in the economy.

EDUCATIONAL INSTITUTIONS

Austin College located in Sherman, Grayson County College in Denison and North

Central Texas College in Gainesville are critical assets for moving the region youth

forward. These colleges have been instrumental in resolving some of the skills gap

experienced by several industries in the region.

Texoma workforce, major employers, educational institutions and school districts

are working together to develop courses and concentrations that would bridge the

existing skills gap in tri-county area.


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REGIONAL COLLABORATIONS

Aligning private sector, government and non-profit leadership can build on the

strengths of each sector and collectively address limitations in Texoma region.

ENTREPRENEURSHIP

Entrepreneurship has become an essential tool in the economic developmenttoolbox. Communities are recognizing in rural areas that a local and small business

strategy has a higher probability of success than recruiting a major employer to the

area. In addition, entrepreneurship strategies that foster new business and job

creation are often more cost effective than incentives paid to recruit businesses to a

community.

Source: Texas Higher Education Coordination Board

Educational Institution Certified Fall 2011 Preliminary Fall 2012

North Central Texas Community College District 9,831 10,175

Grayson County College 5,166 4,909

Austin College 1,353 1,260

Private Non-profits Government

Offers validation of public

needs

incentives

relationships

generators processes maintaining public

infrastucture

Globalization jurisdictions

between government

and private sector

Needs

Help boundaries

information

comprehensive economic development strategy update 2013

Documents