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TIP Strategies Plan
Recognizing the challenges facing El Dorado and Union County, the El Dorado Chamber of Commerce and the Union County Industrial Board, hired TIP Strategies—an Austin, Texas, based economic development consulting firm—to assist in crafting a response. The findings and recommendations outlined in this Economic Development Strategic Plan should serve as a framework for guiding future economic development efforts in Union County.
While the challenges facing Union County are real, so are the opportunities. TIP Strategies (TIP) believes El Dorado, and surrounding Union County, have the potential to develop into the regional center for South Arkansas. The vision, goals, strategies, and actions outlined in this plan, if fully implemented, will go far in repositioning the El Dorado and Union County as the regional center for South Arkansas, setting it on a course for long-term economic growth and vitality.
The recommendations outlined in this plan are based on TIP’s experience working in communities throughout the country and applying our knowledge of economic development best practices to Union County’s unique situation. Our experience in economic development planning is complemented by efforts to understand the area’s challenges and opportunities through the following activities:
A review of existing economic and demographic data, including population growth, educational attainment levels, occupational information, employment growth, major employers, and other relevant statistics for Union County,
Tours of El Dorado and Union County sites to better understand its economic development product from a real estate standpoint,
Interviews with area stakeholders, including face-to-face interviews with business and community leaders,
Community feedback through an online questionnaire, and
Focus group meetings and workshops to establish priorities for appropriate goals and strategies.
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