Successful
implementation of the Permian Basin CEDS is dependent on the ability of
economic development agencies and stakeholders to coordinate strategies and
investment of resources to capitalize on the Permian Basin region’s unique
economic and labor assets, and to maximize return on investment to the
community. Historically, the region has excelled in meeting this challenge.
The PBRPC and the CEDS Strategy Committee will work to achieve the CEDS Goals and Objectives and achieve excellence as defined by Strategy Committee established Performance Measures by building on the region's tradition of collaboration and coordination to align interdependent planning and development components including economic development, workforce development, transportation, housing, infrastructure, and more.
PBRPCs Role: PBRPC, as a regional economic development stakeholder and lead agency for implementation of the CEDS, will play several key roles to ensure achievement of CEDS Goals and Objectives and achieve Performance Measures.
1. Promote regionalism in economic development to ensure communities are fully capitalizing on regional assets and building regional competencies.
2. Promote local economic development initiatives that leverage the unique assets of communities within the region, even if it is not consistent with regional strategy, if it benefits the individual community.
3. Supply timely and actionable economic and labor market data to regional decision makers.
4. Provide technical assistance as needed to ensure communities have knowledge of and access to the resources needed to prosper.
5. Promote collaboration and coordination among economic development stakeholders, facilitate relationships and bring together key stakeholders with common interests.
Municipality and County Government Role:
1. Conduct sufficient planning in the form of strategic plans, comprehensive plans, master plans, etc. to support responsible economic growth.
2. Develop and maintain the infrastructure necessary to facilitate economic development.
3. Establish effective land use strategies and plans, including development of sufficient housing stock.
Economic Development Corporation Role:
1. Invest in building economic and workforce competencies for the region (location quotient >1).
2. Recruit, retain, and grow business that capitalizes on regional assets.
3. Promote economic resiliency for the region via economic diversification.
Workforce Investment Board Role:
1. Align workforce initiatives to support industry clusters targeted for development by government and economic development stakeholders.
2. Implement workforce programs that support local industry hard and soft skill needs.
3. Promote entrepreneurship.
Education System Role (Secondary and Post-Secondary):
1. Offer educational programs that support industry clusters targeted for development by government and economic development stakeholders.
2. Promote skill attainment and credentialing that support local industry needs.
3. Promote entrepreneurship via educational programs.
The PBRPC and the CEDS Strategy Committee will work to achieve the CEDS Goals and Objectives and achieve excellence as defined by Strategy Committee established Performance Measures by building on the region's tradition of collaboration and coordination to align interdependent planning and development components including economic development, workforce development, transportation, housing, infrastructure, and more.
PBRPCs Role: PBRPC, as a regional economic development stakeholder and lead agency for implementation of the CEDS, will play several key roles to ensure achievement of CEDS Goals and Objectives and achieve Performance Measures.
1. Promote regionalism in economic development to ensure communities are fully capitalizing on regional assets and building regional competencies.
2. Promote local economic development initiatives that leverage the unique assets of communities within the region, even if it is not consistent with regional strategy, if it benefits the individual community.
3. Supply timely and actionable economic and labor market data to regional decision makers.
4. Provide technical assistance as needed to ensure communities have knowledge of and access to the resources needed to prosper.
5. Promote collaboration and coordination among economic development stakeholders, facilitate relationships and bring together key stakeholders with common interests.
Municipality and County Government Role:
1. Conduct sufficient planning in the form of strategic plans, comprehensive plans, master plans, etc. to support responsible economic growth.
2. Develop and maintain the infrastructure necessary to facilitate economic development.
3. Establish effective land use strategies and plans, including development of sufficient housing stock.
Economic Development Corporation Role:
1. Invest in building economic and workforce competencies for the region (location quotient >1).
2. Recruit, retain, and grow business that capitalizes on regional assets.
3. Promote economic resiliency for the region via economic diversification.
Workforce Investment Board Role:
1. Align workforce initiatives to support industry clusters targeted for development by government and economic development stakeholders.
2. Implement workforce programs that support local industry hard and soft skill needs.
3. Promote entrepreneurship.
Education System Role (Secondary and Post-Secondary):
1. Offer educational programs that support industry clusters targeted for development by government and economic development stakeholders.
2. Promote skill attainment and credentialing that support local industry needs.
3. Promote entrepreneurship via educational programs.