June 2019
Know Your Labor Shed
The national unemployment rate recently plunged to its lowest level in 50 years. The last time national unemployment was at its current rate, Nixon had just assumed the presidency, Led Zeppelin had just released its debut album, and the world’s first wide-body airplane, Boeing’s 747, had just recently taken flight. While low unemployment is cause for celebration of economic success, talent shortages across most communities in the US means that companies can’t find the workers they need to grow .

With employers scrambling to find workers, economic developers are increasingly asked to identify pools of potential labor. Firms looking to increase existing operations or invest in new facilities, for example, must be assured that there is a sufficient workforce to support expanded operations. In such instances, having a labor shed analysis is essential.

Avalanche on the Road
We're proud to be a Silver Sponsor of the ACCE 2019 Annual Convention! See Amy Holloway and Tony DeLisi at ACCE's Annual Convention from July 14 - 17 in Long Beach, CA. Tony will be moderating a panel called Disaster Response, Recovery, and Resiliency – A California Wildfire Perspective, featuring panelists from the Los Angeles Area Chamber, Santa Rosa Metro Chamber, and Biltmore Group. Please let us know if you want to connect with Amy or Tony at ACCE 2019!
Celebrating our Clients
With tasks mostly complete, Columbus economic development group looks ahead - Columbus 2020 has exceeded its goals over the past ten years, and the region is known as a center of economic growth and prosperity in the Midwest. This great article from the Columbus Dispatch highlights Columbus 2020's achievements and hints about what's ahead. Congrats Columbus 2020 on your incredible success!

Local leaders are trying to solve Hampton Roads' labor shortage - This Hampton Roads Business Journa l article outlines the main findings from a Talent Alignment Strategy that Avalanche and the Council for Adult and Experiential Learning (CAEL) launched this month. The article includes ten takeaways from the Strategy.

Schovanec: Session positions Tech to make transformative difference for state, nation -Texas Tech recently gained legislative approval and funding to open a veterinary college in Amarillo, TX. The Amarillo Mayor and Amarillo EDC contributed funding for building and infrastructure costs and worked with Texas Tech leadership to develop plans for the Health Sciences Campus. This enormous news further establishes Amarillo as a destination for the animal health industry and will be the second veterinary school in Texas.

Cove council, EDC meet to talk economic development - On Tuesday, Tony DeLisi led a workshop with the Copperas Cove City Council and City's Economic Development Corporation to establish a vision and priorities for the years to come. We enjoyed being in this unique community and look forward to seeing its future shine even brighter.
Avalanche in Action
Summer is heating up and so are our travels. We started the month in Columbia, SC, to lead implementation sessions with the Central SC Alliance and our Steering Committee. Chris and CAEL's Sarah Miller were in Toledo, OH, to present our Talent Gap Study at a rollout event with the Toledo Regional Chamber of Commerce . Marian and Tony visited our neighbors in Pflugerville, TX, to lead our second Steering Committee meeting and learn more about the Pflugerville Community Development Corporation 's many accomplishments. In Tupelo, MS, Noelle and John shared our final Talent Study with the Tupelo Community Development Foundation 's Leadership Council. To wrap the month, Chris presented our Talent Alignment Strategy in Hampton Roads, VA , and Amy returned to Charleston, SC, to share our annual One Region Strategy update with the CRDA and partners. What a month!

We're looking forward to a fun-filled Fourth of July, and wish you and your families a safe and enjoyable holiday!
The Future Of Featured Post: The Role of Businesses in a Vibrant Economy
Incentives packages being offered to companies like Amazon are making local stakeholders question economic development practices. This story explores how companies can contribute to a healthy regional economy beyond just accepting incentives.

This article from Harvard Business Review calls on companies to contribute to local economic development efforts. The author argues that by supporting local and regional economic development efforts, like encouraging entrepreneurship or building up a talent pipeline, companies will only make their business environment better for themselves, their employees, and other businesses.

Avalanche's curated news website, The Future Of, shares what we see as the most relevant news to our profession with YOU. The Future Of is designed for busy thought leaders and change makers in our field who are continuously curious but do not have enough time to cull through messy mass media to find meaningful news. Contact us for subscription information.
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Avalanche Consulting: Research, Marketing, Strategy
Avalanche Consulting   is the nation's premier economic development strategist. We are the best in the business at translating complex information into strategies, marketing messages, and motivation for action. We are deeply driven to make a positive impact and seek clients who are equally inspired to energize their economies. Headquartered in Austin, Texas, Avalanche was established in 2005 and has assisted more than 150 communities across the US and abroad. 
Headlight Illuminates Data on Your Community
Headlight Data   is Avalanche's award-winning online data system that enables economic and workforce development organizations to produce data-intensive websites on their region's economy and workforce, allowing them to better serve prospects, site selectors, and their community. Data can be aggregated into one central website or embedded into your organization's existing website.

Avalanche Consulting, Inc. | (512) 917-3815 |
amy@avalancheconsulting.com | www.avalancheconsulting.com