Economic Development

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IMPACT INDEX
Competitive Agriculture
Economic Development
Education For Life
Fighting Disasters
Food Safety
Good Nutrition
Lifestyles
Waste Management
Water Quality

Economic Development
1. Thinking Outside The Box
2. It's Never To Late To Learn
3. Keeping In Touch
4. Finding The Golden Fleece
5. Changing Over
6. Making The Connection

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Keeping In Touch

Laughlin NevadaTwo bedroom communities in Arizona and Nevada found that closer cooperation worked to the benefit of both. Bullhead City and Laughlin discovered they were dependent on each other for their employment base, economic support and social demands. By focusing on their community economic and social interdependence, they multiplied their efforts to address similar community issues and future decisions. Nevada Cooperative Extension facilitated discussions among political leaders, key business executives and social agencies of both communities and helped them develop a strategic plan and a way to measure economic and social linkages. Key issues identified were economic dependency, tourism development and childcare. As a result, community leaders initiated a shop-at-home campaign, resulting in local sales increases of up to 20 percent for participating businesses. The leaders also developed a proposal for a youth and child care facility that received $2 million in funding support from Clark County Commissioners, and boosted tourism by raising nearly $18 million for a state highway extension into southern California.

Local retailers in Fallon, Nevada learned that sometimes bigger is better, even in a small town. Already feeling an economic pinch, local businesses were threatened when Wal-Mart opened a store in the community. Nevada Extension educators conducted an economic study and found there was enough retail potential for Wal-Mart and the local retailers. As a result of Wal-Mart and other new businesses coming in, and the revitalization of old businesses, taxable sales in the county rose more than 30 percent the first year and an additional 11 percent the next year. The county Economic Development Authority noted that Wal-Mart put no one out of business; on the contrary, the area was able to attract all kinds of new businesses and become a regional commercial hub. The business owners who heeded the economists’ advice are actually doing better.

 

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