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A note from our Executive Director...

Asset-based economic development - an effective rural strategy

What does Cadillac Ranch, the largest ball of twine, the Durango & Silverton Narrow Gauge Railroad and the Seattle Space Needle have in common?  They are all examples of asset-based economic development.  Identifying what makes a community unique is a very effective strategy for rural areas and if intentionally leveraged, can at minimum, create a community brand and attract visitors.

Asset-based economic development is not mountain biking or rafting…at least not in Colorado. Yes, we have rivers, and public lands, but those are not unique to our community alone. talks about eight capitals that I believe rural communities can look at and help identify their “unique assets”. The capitals include cultural, political, social, built, natural and intellectual among others. Individual capital includes the skills, physical health and mental wellness in a region’s people (think agriculture and extreme athletes).  Intellectual capital includes a community’s knowledge, creativity and innovation (think Los Alamos scientists or even your corporate retiree base). Mesa Verde is an example of a built asset. Looking at a community’s unique assets and promoting them intentionally is the foundation for diversifying and strengthening an economy.

Asset-based economic development is one of four economic development strategies that are very effective in rural communities.  I will be highlighting some others over the next few newsletters.

Laura Lewis Marchino

Region 9 is hosting Durango Business After Hours!

Join us Thursday, Aug. 15th 5:00-7:00

Great networking, music, appetizers, drinks and prizes!
$10 each for Chamber members and guests. No RSVP required. Pay at the door.

135 Burnett Dr. Unit 1, Durango Tech Center

Experience the RUNT!
Diaz Suspension Design helps you go fast.           
Short announcement about Thrive Living Wage

Region 9 Pays Livable Wages
     Meet Anthony, our Intern                    Region 9 Explores Housing                                                                                  Challenges 
The upcoming Census takes place on April 1st, 2020. Results will impact critical funding for our public libraries, health centers, schools, veterans, seniors and roads. The Census also determines how many seats each state has in the US House of Representatives and how districts are redrawn. Counting everyone where they are on April 1st, 2020 is important because it will impact funding and representation for the next ten years!  Please take time to learn more by visiting Census 2020.
Region 9 was proud to be a sponsor for the Western Slope Redevelopment & Reinvestment Symposium held in Durango in May. Participants and presenters shared ideas, best practices and challenges on topics such as designing quality projects, Opportunity Zones, Urban Renewal Authorities, Brownfields, infill and density, and much more. 
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