Boyette Strategic Advisors (BSA) was engaged by the TAP Alliance, a regional economic development organization that is comprised of Tishomingo, Alcorn and Prentiss Counties in Mississippi, to develop a Regional Economic Development Strategy. The intended result from this strategic planning effort will be an inclusive strategy to move the region forward.
The preparation of the strategy involved the development of a Regional Assessment, which in addition to in-depth research, included interviews/group discussions with company and economic development representatives and other community leaders; surveys of area residents; a tour of participating counties and review of other recent key information and reports.
Based on the results of the Regional Assessment, review of the existing business/industry base, research on emerging sectors both nationally and in the area; and a review of recent locations/expansions in Mississippi and in the region for each potential sector, as well as consideration of TVA targets, BSA identified six targeted business sectors for the region to focus its efforts over the next five years. Targeted business sector profiles were prepared for each identified sector. In addition, strategic recommendations were developed to advance the growth and development of each identified targeted business sector and of the region in general.
An implementation/action plan was also developed to provide a roadmap for achieving the recommendations outlined in the strategy.