Weathering Economic Downturns: The Importance of Diversifying the Regional Economy

Posted on: November 12th, 2015 by Sara James

Often, we’ve seen regions suffering from the downturn of an industry or sector that they were overly reliant upon.  Currently, many communities are grappling with the contraction of the coal industry and identifying wats to rething economic investments and prioritize diversifying their regional economic portfolio.  This session, which took place during NADO’s Annual Training Conference, highlighted regions that were once reliant upon a specific industry, negatively impacted by that industry’s decline, and have since found ways to diversify and re-imagine their economic futures.

Moderator:

  • Lisa Dawson, Executive Director, Northeast Oregon Economic Development District, Enterprise, OR

Panelists:

  • Cotina Terry, Executive Director, Randolph County Economic Development Authority, Roanoke, AL
  • Mary Patchunka-Smith, President, Tour East Alabama, Lineville, AL
  • Sherry McDavid, Executive Director, FIVCO Area Development District, Grayson, KY
  • Sandy Runyon, Executive Director, Big Sandy Area Development District, Prestonburg, KY

 

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