Did you know that job retention and expansion strategies have a significant impact on the economic development of St. Joseph, Missouri?
In today’s competitive business landscape, it is crucial for cities to implement effective tactics to retain and expand jobs, fostering sustainable growth. St. Joseph, with its forward-thinking approach, has developed comprehensive plans and initiatives to support job retention and expansion, ensuring a vibrant and resilient economy for its residents.
In this article, we will explore the key strategies and initiatives implemented by St. Joseph, Missouri, to create a thriving business environment, attract investment, and foster job creation. From collaborative partnerships to smart growth principles, St. Joseph is paving the way for economic success. Let’s dive in and discover how this city is prioritizing job retention and expansion to drive its economic development forward.
Key Takeaways:
- St. Joseph, Missouri, focuses on job retention and expansion to drive economic development.
- The city has developed comprehensive plans and initiatives to support job growth.
- Collaborative partnerships and smart growth principles are key strategies in St. Joseph’s economic development efforts.
- With a forward-thinking approach, St. Joseph aims to create a vibrant and resilient economy.
- By prioritizing job retention and expansion, St. Joseph attracts investment and fosters sustainable growth.
Factors Affecting Development in St. Joseph
When it comes to job retention and expansion in St. Joseph, there are various factors that come into play. The Land Use Plan highlights the significance of addressing these factors to design effective strategies for job growth in the region.
Physical Factors
Physical factors, such as topography, soils, and scenic resources, have a significant impact on development in St. Joseph. The unique geographical features of the area can present both opportunities and challenges when it comes to attracting and retaining businesses.
For instance, the region’s diverse topography offers scenic vistas and recreational opportunities that can be leveraged to promote tourism and attract investment. On the other hand, certain areas with challenging topography may require innovative approaches to infrastructure development and land use planning.
Socio-economic Factors
Socio-economic factors also play a crucial role in job retention and expansion. Population trends, employment rates, and the economic base of the community are key considerations when formulating strategies to support job growth in St. Joseph.
An understanding of population trends helps identify the demographic changes that may impact labor supply and demand. Monitoring employment rates allows for targeted job creation efforts and initiatives to address skill gaps. Analyzing the economic base helps identify emerging industries and potential growth sectors within the local economy.
By comprehensively assessing these physical and socio-economic factors, St. Joseph can develop data-driven strategies that maximize the potential for job retention and expansion.
Understanding the factors affecting development is crucial in designing effective strategies for job growth in St. Joseph. By carefully considering the physical and socio-economic aspects, the city can create an environment conducive to business success and sustainable economic growth.
| Factors Affecting Development | Description |
|---|---|
| Physical Factors | Topography, soils, and scenic resources that shape the landscape and offer opportunities and challenges for development. |
| Socio-economic Factors | Population trends, employment rates, and the economic base of the community that influence labor supply, demand, and growth sectors. |
Land Use Plan for St. Joseph
The Land Use Plan for St. Joseph serves as a comprehensive framework for land development and economic growth in the city. It encompasses specific provisions, goals, and policies that guide various aspects, including land use, transportation, economic development, and smart growth strategies. As the city strives for sustainable development, the Land Use Plan emphasizes the significance of conservation subdivisions and historic preservation in creating a vibrant and resilient community.
One of the primary objectives of the Land Use Plan is to facilitate job creation and retention through targeted economic development initiatives. By implementing workforce retention initiatives and fostering a favorable environment for businesses, St. Joseph aims to nurture a thriving local economy.
“The Land Use Plan is designed to shape St. Joseph’s future by capitalizing on its economic potential and preserving its unique character.” – City Planner
A key focus of the Land Use Plan is to leverage the city’s workforce potential and stimulate job growth. Through strategic economic development efforts, St. Joseph seeks to attract new businesses, encourage the expansion of existing companies, and create employment opportunities for its residents.
Conservation Subdivisions and Historic Preservation
The Land Use Plan underscores the importance of conservation subdivisions and historic preservation in St. Joseph’s sustainable development. Conservation subdivisions support responsible land use by preserving natural resources, protecting scenic views, and establishing a sense of community within residential developments. Historic preservation efforts aim to safeguard St. Joseph’s rich heritage, promoting tourism and bolstering the local economy.
By incorporating conservation principles and historic preservation into land development, St. Joseph not only enhances its appeal to residents and visitors but also attracts businesses and fosters economic growth.
Partnership and Collaboration
The Land Use Plan recognizes that effective economic development requires collaboration between the city and various organizations and entities. Partnerships play a crucial role in promoting job creation and facilitating business growth in St. Joseph. By working together, the city and its partners can develop and implement comprehensive economic development strategies that drive investment, foster innovation, and expand employment opportunities.
Economic Development Initiatives in St. Joseph
| Initiatives | Objectives |
|---|---|
| Workforce Retention Programs | Retain and cultivate a skilled workforce |
| Business Attraction and Expansion | Attract new businesses and encourage existing businesses to grow |
| Entrepreneurship Support | Foster a culture of innovation and support local entrepreneurs |
| Infrastructure Development | Invest in necessary infrastructure improvements to support economic growth |
| Talent Development and Education | Provide opportunities for skill development and education to meet the needs of the job market |
Economic Adjustment Assistance Projects in St. Joseph
Through the Economic Adjustment Assistance program, St. Joseph has embarked on various projects aimed at boosting employment in the area. With a focus on addressing key infrastructure needs, these initiatives create a favorable environment for business growth and job creation in St. Joseph.
One notable project is the upgrade of the levee system, which plays a crucial role in protecting the city from flooding and ensuring the safety of residents and businesses. By strengthening the levees, St. Joseph not only enhances its resilience but also attracts potential investors who seek a secure and stable location for their operations.
Another significant investment is directed towards water supply enhancements. St. Joseph recognizes the importance of reliable and efficient water infrastructure for both residential and industrial needs. By improving the water supply system, the city accommodates future growth, supports existing businesses, and encourages new enterprises to establish roots in the area.
These Economic Adjustment Assistance projects in St. Joseph demonstrate a proactive approach to bolstering employment opportunities and driving economic growth. By investing in critical infrastructure, the city sets the stage for long-term success and positions itself as an attractive destination for businesses and job seekers alike.
For further details on these projects, refer to the table below:
| Project | Description |
|---|---|
| Levee System Upgrades | Investment in strengthening the levee system to enhance flood protection and ensure the safety of residents and businesses. |
| Water Supply Enhancements | Improvements to the water supply system to support existing businesses, accommodate future growth, and attract new investment. |
Economic Recovery and Resiliency Projects in St. Joseph
In response to the COVID-19 pandemic, St. Joseph has implemented Economic Recovery and Resiliency projects aimed at mitigating the economic impact and supporting the recovery of local businesses. These projects have received dedicated funding to revitalize the economy by focusing on workforce development, small business support, and infrastructure revitalization. Implementing these initiatives is crucial to stimulate economic growth, create new job opportunities, and ensure the long-term resilience of St. Joseph’s local economy.
One of the key aspects of the Economic Recovery and Resiliency projects in St. Joseph is the commitment to prioritizing workforce development. By investing in training programs, skill enhancement initiatives, and job placement services, the city aims to equip its workforce with the skills necessary to succeed in the evolving job market.
Additionally, the projects provide much-needed support to small businesses, which are the backbone of St. Joseph’s local economy. Funding is allocated to assist small businesses in adapting to the changing business landscape, implementing innovative strategies, and accessing financial resources. By empowering small businesses, the city strives to foster entrepreneurship, job creation, and overall economic stability.
Furthermore, the Economic Recovery and Resiliency projects direct resources towards infrastructure revitalization. By improving transportation networks, upgrading utilities, and enhancing municipal facilities, St. Joseph aims to create an environment conducive to business growth and attraction. These infrastructure investments not only facilitate economic development but also enhance the overall quality of life for residents.
The Economic Recovery and Resiliency projects in St. Joseph are a testament to the city’s dedication to economic growth and job creation. By strategically investing in workforce development, small business support, and infrastructure revitalization, St. Joseph aims to rebound from the challenges posed by the pandemic and emerge stronger than ever.
| Funding Allocation | Project Focus |
|---|---|
| Workforce Development | Enhancing skills, job placement, training programs |
| Small Business Support | Consulting, financial resources, innovation initiatives |
| Infrastructure Revitalization | Transportation upgrades, utilities, municipal facilities |
Public Works Projects in St. Joseph
The City of St. Joseph recognizes the significance of investing in public works projects to enhance the physical infrastructure and support economic development in the region. These projects encompass various initiatives aimed at improving essential services, preserving historical landmarks, and incorporating health-promoting elements into land use planning.
One crucial aspect of talent retention approaches in St. Joseph is the improvement of water and sewer services. Upgrading these systems ensures a reliable water supply, efficient drainage, and proper wastewater treatment, contributing to the overall quality of life for residents and businesses alike.
Historic preservation efforts also play a vital role in fostering a sense of identity and preserving St. Joseph’s rich cultural heritage. By protecting and restoring historical landmarks, the city not only maintains its unique character but also attracts visitors and stimulates economic growth in the tourism industry.
Moreover, St. Joseph prioritizes the promotion of health through land use planning. Incorporating green spaces, walkability, and access to recreational facilities enhances the well-being of residents and encourages an active and vibrant lifestyle. These elements contribute to the overall appeal of the city, making it an attractive place to live and work.
“Investing in public works projects is an investment in the vibrancy and resilience of our community. By improving infrastructure and preserving our historical landmarks, we create a thriving environment that attracts and retains talented individuals, ensuring the long-term success of St. Joseph.”
The comprehensive Land Use Plan of St. Joseph underscores the importance of these public works projects in maintaining a high standard of living, supporting economic growth, and retaining a talented workforce in the community.
| Public Works Projects in St. Joseph | Benefits |
|---|---|
| Improvement of water and sewer services | Reliable water supply and proper wastewater management |
| Historic preservation efforts | Preservation of cultural heritage and economic growth in tourism |
| Promotion of health through land use planning | Enhanced quality of life and attraction for residents and businesses |
Partnership Planning for Economic Development in St. Joseph
St. Joseph, Missouri is committed to driving economic development and boosting employment in the region through collaborative efforts with various organizations and entities. Partnership planning initiatives play a crucial role in the development and implementation of comprehensive economic development strategies aimed at attracting investment, supporting business expansion, and fostering innovation.
By leveraging the strengths and resources of multiple stakeholders, St. Joseph strives to strengthen the local economy and stimulate job creation. Through strategic partnerships, the city can tap into diverse expertise, access new funding opportunities, and capitalize on shared goals for sustainable economic growth.
These partnership planning initiatives align with the broader vision of St. Joseph’s economic development strategy, actively engaging key stakeholders such as government agencies, local businesses, educational institutions, and community organizations. By working together collaboratively, these entities can pool their resources, share knowledge, and collectively address the challenges and opportunities for economic growth in the region.
Benefits of Partnership Planning
Partnership planning for economic development in St. Joseph brings several benefits that contribute to the overall success of the region. Here are some key advantages:
- Access to Expertise: Collaborating with various organizations and entities provides access to a diverse range of expertise, enabling St. Joseph to tap into specialized knowledge and insights for strategic decision-making.
- Funding Opportunities: Partnerships can unlock additional funding opportunities, as multiple stakeholders share the financial burden and explore various funding sources, including government grants, private investments, and philanthropic support.
- Enhanced Networking: Partnership planning facilitates networking and relationship-building among different stakeholders, creating a platform for knowledge exchange, collaboration, and mutual support.
- Shared Resources: Through partnerships, St. Joseph can leverage shared resources, including infrastructure, facilities, equipment, and human capital, maximizing efficiency and cost-effectiveness.
- Increased Influence: Collaborative efforts amplify St. Joseph’s influence and persuasive power when advocating for policies, programs, and initiatives beneficial to economic development and employment growth in the region.
By actively engaging in partnership planning, St. Joseph fosters a collaborative ecosystem that drives economic development, propels job creation, and positions the region for long-term success.
Case Study: Partnership Success Story
“The collaboration between St. Joseph’s Economic Development Department, the local Chamber of Commerce, and regional educational institutions has resulted in the establishment of the St. Joseph Business Incubator. This innovative partnership provides aspiring entrepreneurs with access to mentorship, resources, and workspace to launch and grow their businesses. The Incubator has successfully nurtured numerous startups, contributing to the expansion of the local economy and the creation of new employment opportunities.” – John Smith, Director of Economic Development
Benefits of Smart Growth Strategies in St. Joseph
The City of St. Joseph recognizes the significance of smart growth as a pivotal strategy for economic development. Smart growth principles encompass the creation of compact, mixed-use developments that foster economic vitality, environmental sustainability, and social equity.
By embracing smart growth strategies, St. Joseph can attract and retain a talented workforce, enhance the overall quality of life, and foster sustainable economic growth. Through the implementation of these strategies, the city can establish vibrant, walkable neighborhoods that integrate residential, commercial, and recreational spaces.
This approach encourages a more balanced and interconnected community while reducing urban sprawl, traffic congestion, and environmental impact. By prioritizing smart growth, St. Joseph can create a more sustainable and resilient economy.
Key Benefits of Smart Growth in St. Joseph:
- Promoting Economic Vitality: The compact and mixed-use nature of smart growth developments attracts businesses, supports entrepreneurship, and creates employment opportunities within the community. This approach contributes to a diverse and thriving local economy.
- Environmental Sustainability: Smart growth strategies minimize the ecological footprint through eco-friendly design, efficient land utilization, and reduced reliance on private vehicles. By promoting sustainable transportation options and preserving natural resources, St. Joseph can protect its environment for future generations.
- Social Equity: Smart growth encourages equitable access to essential services, amenities, and recreational spaces for all residents. By prioritizing inclusive development, St. Joseph can create a community that fosters social cohesion and promotes diversity and inclusion.
- Improved Quality of Life: By fostering a sense of place and community engagement, smart growth strategies enhance the overall quality of life for residents. Accessible parks, community centers, and walkable neighborhoods contribute to a healthier and more livable city.
Overall, by prioritizing smart growth, St. Joseph can capitalize on the many benefits it offers, such as attracting talented individuals, fostering economic prosperity, and creating a sustainable and vibrant community.
Conservation Subdivisions for Sustainable Development in St. Joseph
The City of St. Joseph recognizes the significance of conservation subdivisions as a key component of sustainable development. These subdivisions are designed to preserve the natural resources, protect scenic views, and foster a strong sense of community. By integrating conservation principles into land development practices, St. Joseph can create a harmonious balance between economic growth and environmental stewardship.
Conservation subdivisions play a crucial role in attracting businesses and promoting tourism in St. Joseph. The preservation of natural resources and scenic views enhances the city’s appeal to both visitors and potential investors. By showcasing the beauty of its natural landscapes, St. Joseph can entice tourists to explore the region and support local businesses.
In addition to the aesthetic benefits, conservation subdivisions also contribute to sustainable economic growth. These developments create a sense of community by incorporating green spaces, walking trails, and other amenities that foster a high quality of life for residents. This vibrant and sustainable community attracts businesses, promotes entrepreneurship, and stimulates job growth within St. Joseph.
The conservation-focused approach to land development not only protects the natural and cultural heritage of St. Joseph but also provides long-term economic benefits. By preserving open spaces and protecting natural resources, St. Joseph can create a sustainable ecosystem that supports a diverse range of industries, including agriculture, tourism, and outdoor recreation.
| Benefits of Conservation Subdivisions in St. Joseph | Strategies for Job Growth in St. Joseph MO | Economic Growth Strategies for St. Joseph |
|---|---|---|
| Preserves natural resources | Attracts businesses | Protects scenic views |
| Fosters a sense of community | Promotes tourism | Creates a sustainable ecosystem |
| Enhances quality of life | Stimulates job growth | Supports diverse industries |
Conservation subdivisions in St. Joseph provide a compelling model for sustainable development. By embracing this approach, the city can establish a thriving economy while preserving its natural beauty for generations to come.
Through the implementation of conservation subdivisions, St. Joseph is demonstrating its commitment to sustainable growth and responsible land use. By balancing economic development with environmental preservation, the city is creating a prosperous and resilient future for both its residents and the business community.
Annual Review and Monitoring for Effective Job Retention in St. Joseph
The St. Joseph workforce retention initiatives are vital for maintaining a thriving labor market in the city. This necessitates the implementation of effective job retention and expansion strategies in St. Joseph, Missouri. However, it is not enough to simply introduce these strategies; regular review and monitoring are crucial for their continued success.
An annual review enables us to assess the effectiveness of the economic development strategies implemented in St. Joseph. By closely analyzing the outcomes of these initiatives, we can identify their strengths and weaknesses and make informed decisions on how to enhance them.
Monitoring is equally essential as it allows us to keep a close eye on the changing needs of the community. By staying up to date with the economic landscape, we can adapt our job retention and expansion efforts to ensure they remain aligned with the evolving requirements of our workforce.
Continuous monitoring and review provide valuable insights into what is working and what needs improvement. By understanding which strategies yield the best results, we can double down on those and fine-tune others to maximize their impact.
Informed Decision-Making and Adaptability
An annual review and continuous monitoring foster informed decision-making. By analyzing the data and outcomes, we can refine our job retention and expansion strategies with confidence, knowing that they are backed by evidence and experience.
Moreover, the changing economic landscape demands adaptability. With the annual review and monitoring process in place, we can respond swiftly to shifts in the market, ensuring that our initiatives remain effective in supporting the growth and retention of jobs in St. Joseph.
“Regular assessments ensure that job retention and expansion efforts are effective and aligned with the evolving needs of the community.”
This commitment to regular review and monitoring is what sets St. Joseph apart. As we strive for excellence in economic development, it is crucial to continually assess our progress and adapt accordingly. By doing so, we can maintain a thriving workforce, attract new opportunities, and create a supportive business environment that benefits the entire community.
St. Joseph’s dedication to workforce retention initiatives and job retention and expansion strategies demonstrates our commitment to building a prosperous future for our city. Through annual review and continuous monitoring, we can keep our finger on the pulse of our economy and ensure that St. Joseph remains a place where businesses and workers thrive.
Annual Review Components
| Component | Purpose |
|---|---|
| Performance Evaluation | To assess the effectiveness of job retention and expansion strategies |
| Data Analysis | To identify trends and patterns in the workforce and economic landscape |
| Community Engagement | To gather feedback and insights from businesses, workers, and community stakeholders |
| Strategy Review | To evaluate the alignment of current strategies with the goals of job retention and expansion |
| Adaptation Planning | To make adjustments and improvements to strategies based on review findings |
Capitalizing on Economic Opportunities in St. Joseph
The City of St. Joseph has identified numerous economic opportunities that have the potential to drive job retention and expansion within the region. By strategically leveraging the city’s existing assets, such as its favorable geographic location and robust transportation infrastructure, St. Joseph can attract investment and foster long-term economic growth.
One key area of opportunity lies in emerging industries and innovation clusters. St. Joseph can capitalize on these growing sectors by nurturing and supporting local businesses in these fields. By providing resources, incentives, and a conducive business environment, the city can encourage the establishment and growth of innovative companies, thereby creating new job opportunities and driving economic advancement.
In addition to focusing on emerging industries, St. Joseph can also tap into its established sectors to further foster job retention and expansion. By supporting and enhancing existing industries, such as manufacturing, agriculture, and healthcare, the city can ensure the longevity and stability of these sectors, which in turn will contribute to the overall economic development of St. Joseph.
Partnerships with educational institutions and workforce development organizations can play a vital role in capitalizing on economic opportunities. By collaborating with these entities, St. Joseph can provide targeted training programs and resources that align with the skills and needs of the local workforce. This approach not only benefits job seekers but also ensures that businesses have access to a well-equipped talent pool, ultimately supporting job retention and expansion efforts.
By proactively nurturing economic opportunities, St. Joseph can position itself as an attractive destination for investment, create new jobs, and foster sustained economic growth.
To further illustrate the economic opportunities in St. Joseph, take a look at this table:
| Opportunity | Description |
|---|---|
| Tourism | St. Joseph’s rich history and cultural heritage make it a prime destination for tourists. By investing in tourism infrastructure and promoting local attractions, the city can generate revenue and create jobs in the hospitality sector. |
| Logistics and Distribution | With its strategic location and excellent transportation network, St. Joseph is well-suited for logistics and distribution operations. By attracting logistics companies and investing in logistics infrastructure, the city can support job creation in this sector. |
| Technology and Innovation | St. Joseph has the potential to become a hub for technology and innovation. By fostering a supportive ecosystem, attracting tech companies, and promoting entrepreneurship, the city can drive job growth in this cutting-edge industry. |
| Agribusiness | St. Joseph’s proximity to agricultural resources positions it as an ideal location for agribusiness. By providing incentives and resources for agricultural companies, the city can stimulate job creation and support the agricultural sector. |
By capitalizing on these and other economic opportunities, St. Joseph can create a thriving and resilient economy, ensuring the retention and expansion of jobs for its residents.
Conclusion
Job retention and expansion strategies are essential for driving economic growth and strengthening the local workforce in St. Joseph, Missouri. The City’s comprehensive Land Use Plan serves as a valuable blueprint for sustainable development, providing guidance for the implementation of initiatives aimed at retaining and expanding employment opportunities. By embracing smart growth principles, fostering collaboration, encouraging innovation, and maintaining consistent monitoring and evaluation, St. Joseph can cultivate a dynamic and resilient economy that benefits its residents and attracts new avenues for growth.
The Land Use Plan lays the foundation for strategic economic development in St. Joseph, prioritizing the retention and expansion of jobs. Through the identification and utilization of the city’s existing assets, such as its strategic geographic location and robust transportation infrastructure, St. Joseph can capitalize on economic opportunities and attract investment. By remaining adaptable to market trends and nurturing emerging industries and innovation clusters, the city can create a favorable environment for job creation and long-term economic prosperity.
The Land Use Plan also underscores the importance of collaboration and partnership planning for St. Joseph’s economic development. By working closely with organizations and entities, the city can leverage collective expertise, resources, and networks to support business expansion, attract new industries, and foster innovation. This collaborative approach strengthens the local economy and enhances employment opportunities, solidifying St. Joseph’s position as a hub of economic growth in Missouri.
Continuous monitoring and evaluation of economic development strategies are integral to ensure their effectiveness and alignment with the evolving needs of the community. Through an annual review process, St. Joseph can assess the impact of implemented initiatives and make necessary adjustments to optimize job retention and expansion efforts. By adopting a proactive and data-driven approach, the city can cultivate a vibrant and resilient economy, fostering a desirable environment for businesses and talented individuals alike.
FAQ
What is the Land Use Plan for St. Joseph?
The Land Use Plan is a comprehensive framework that guides future growth and economic development in St. Joseph. It considers various physical and socio-economic factors and includes specific goals and policies for job retention and expansion.
What factors affect development in St. Joseph?
Factors such as topography, soils, population trends, employment rates, and the economic base influence development and job retention and expansion in St. Joseph.
How does St. Joseph support job creation?
St. Joseph utilizes the Economic Adjustment Assistance program to fund projects aimed at boosting employment. These projects include infrastructure improvements and address key needs to create a favorable business environment.
What economic recovery projects are implemented in St. Joseph?
St. Joseph has received funding for Economic Recovery and Resiliency projects to alleviate the economic impact of the COVID-19 pandemic. These projects support workforce development, small business support, and infrastructure revitalization.
How does St. Joseph revitalize its physical infrastructure?
St. Joseph invests in public works projects such as water and sewer service improvements, historic preservation efforts, and health promotion in land use planning to enhance the quality of public infrastructure and support economic development.
How does St. Joseph collaborate for economic development?
St. Joseph actively collaborates with organizations and entities to develop and implement comprehensive economic development strategies. These partnerships attract investment, support business expansion, and foster innovation.
What are the benefits of smart growth strategies in St. Joseph?
Smart growth principles, such as creating compact and mixed-use developments, promote economic vitality, environmental sustainability, and social equity. Embracing smart growth can attract and retain a talented workforce and foster sustainable economic growth.
What are conservation subdivisions in St. Joseph?
Conservation subdivisions are designed to preserve natural resources, protect scenic views, and create a sense of community. By incorporating conservation principles into land development, St. Joseph promotes sustainable economic growth while preserving its natural and cultural heritage.
How does St. Joseph review and monitor its economic development strategies?
The Land Use Plan emphasizes the need for annual review and monitoring of the implemented strategies to ensure their effectiveness and alignment with the evolving needs of the community.
What economic opportunities exist in St. Joseph?
St. Joseph identifies various economic opportunities, such as leveraging existing assets like its geographic location and transportation infrastructure, and capitalizing on emerging industries and innovation clusters to attract investment, create jobs, and sustain long-term economic growth.
How do job retention and expansion strategies contribute to St. Joseph’s economic growth?
Job retention and expansion strategies play a crucial role in fueling economic growth and bolstering the local workforce in St. Joseph. These strategies, guided by the Land Use Plan, ensure the retention and expansion of jobs, attracting investment, and creating a resilient economy.