Data-Driven Economic Development in Missouri
GrantID: 10079
Grant Funding Amount Low: $55,000
Deadline: Ongoing
Grant Amount High: $55,000
Summary
Grant Overview
Data-Driven Economic Development in Missouri
Missouri's economic landscape is facing significant challenges, especially in areas where infrastructure and resources are lacking. The state has been grappling with a slower economic recovery compared to its neighbors, with a 2022 report from the Missouri Economic Research and Information Center indicating that several regions have unemployment rates exceeding the national average. Furthermore, the state's reliance on traditional industries has made it imperative to modernize its approach to economic development.
Communities in Missouri, particularly in rural areas, often lack the data-driven insights necessary to make informed economic decisions. Local governments face barriers in accessing relevant data that could facilitate strategic planning and investment. This lack of data hampers their ability to create policies that foster economic growth and attract new businesses, especially as national trends pivot towards technology-driven industries.
This funding initiative aims to address Missouri's economic development challenges by developing comprehensive, data-driven strategies for local governments. By providing technical assistance and data analysis tools, the program empowers communities to understand their unique economic landscapes better. This tailored approach can enhance decision-making processes, leading to improved economic prospects and sustainable growth.
Considerable emphasis is placed on aligning economic development strategies with community strengths and needs. By leveraging local data, communities can prioritize initiatives that resonate with their economic realities, ensuring that resources are allocated efficiently and strategically.
Implementation of these data-driven strategies will mark a critical step in transforming Missouri's economic landscape. By enhancing the capacity of local governments to utilize relevant data, this initiative aims to drive economic investment and job creation, ultimately fostering a more resilient economy that aligns with the state's aspirations for growth and innovation.
Eligible Regions
Interests
Eligible Requirements
