Economic Resilience

Our region’s economic growth will depend on more than the proactive economic development planning outlined above. Our continued prosperity will also rely on our ability to prevent, withstand, and recover from disruptions to our economic system. And – while we acknowledge that these disruptions often originate from larger market changes, regional industry downturns, or external shocks – our region seeks to build lasting “economic resilience” by anticipating risks, evaluating their potential impact on economic assets, and building responsive capacity. In short, this CEDS recognizes that fostering our regional economic resilience entails both establishing sustainable, long-term strategies to withstand disruptions and adopting responsive projects and initiatives that build new capacity among our regional stakeholders that help us avoid disruptions.

The SRPEDD Regional Resilience Plan (SRRP)

Our district is extremely fortunate to have a U.S. EDA- and Commonwealth of Massachusetts-funded Regional Resilience Plan project to complement this CEDS.37 Our SRPEDD Regional Resilience Plan (or SRRP) will be a comprehensive deep dive into the investments and initiatives needed to build capacity and prevent disruption. The project will improve our economic resilience by identifying and proposing solutions to vulnerabilities38 across three broad themes: (1) Economy, (2) Environment, and (3) Governance. Working within this same, threepart framework, the SRRP will also build upon our existing regional assets.39 This diverse approach will ensure that our communities can withstand future disruptions to the greatest extent possible.

37 The project is ongoing. We anticipate completion in 2024. 38 These are comparable to the CEDS’s “threats” and “weaknesses.”

39 These are comparable to the CEDS’s “strengths” and opportunities.”

Similarly, in an effort to bridge our region’s administrative boundaries, recognize commonalities between communities, and build the broadest possible set of skills and best practices, the SRRP will also customize dozens of strategies for similar types of locations – called “Typologies.” These typologies range from rural communities and seaside villages to bedroom communities and diverse center cities.

SRRP Leadership

While the project will be staffed by SRPEDD’s planners, it will be led by a Steering Committee that represents all types of places and ideas connected to resilience. Further, the Steering Committee will be informed by three Working Groups: (1) Economic, (2) Environmental, and (3) Infrastructure & Utilities. Each Working Group will include members of the SRPEDD Commission, representatives from regional organizations, such as the RESC, and community groups, and professionals with experience in the broad range of topics addressed in the SRRP.

SRRP Outcomes

The project’s diverse funding, and committed stakeholders will enable the project team to achieve four main outcomes:

• Create a hub for resilience data and analysis for our region that will support local users.

• Expand and improve regional networks through capacity building with external partners.

• Identify a current set of top-tier resilience projects to target for construction and implementation.40

• Update and establish an improved, resiliencebased internal work program for SRPEDD.

40 These will be similar to the CEDS’s “Priority Projects” and “Priority Partnerships” – and will likely include some overlapping investments and initiatives.

Through these channels, the SRRP will lead to meaningful, visible, and measurable improvements to the region’s resilience.

SRRP Topic Areas

The Economy volume of the SRRP will examine the following five pillars of economic resilience:

Thriving and supported workforce that can meet its basic needs.

In order to perform at their peak, employees across industries must have their basic human needs for housing, healthcare, and food met in their daily lives. This section of the SRRP Economic volume explores the state of housing, healthcare, and access to food in the SRPEDD region, and the areas where we are vulnerable to being unable to serve a dynamic regional workforce with these necessities.

Protected and growing utilities network.

In order to operate and develop new businesses, there must be resilient and extended utilities in place. This section of the SRRP Economic volume explores the state of water, sewer, broadband, telecommunications, and other similar utilities in the SRPEDD region, where and how these utilities are most vulnerable to failure during a disaster, and where the limits of our current utility networks may act as a barrier stifling economic growth.

Resilient and multimodal transportation network.

In order to connect markets with customers and to connect employees with existing and future employers, we must be able to reliably move goods and people around our region through a robust, multimodal, and disaster-prepared transportation network. This section of the SRRP Economic volume explores the state of the region’s roadways, public transit networks, and other transportation-related services, such as freight movement, to pinpoint known areas of vulnerability to flood and other natural disasters and to start to correct for these vulnerabilities.

Connected strategic communications network that can be called on in emergencies.

An expanded economic development resource network that includes partners beyond the traditional Economic Development Offices, local Chambers, state and local government, and the educational community is required during service interruptions and emergency events. This section of the SRRP Economic volume explores current communications networks among economically oriented entities and seeks to expand this network into other essential related sectors, such as emergency operations, healthcare, childcare providers, transportation service providers, housing provides, and other community service agencies.

Diversified local economy.

Diversity is a contributing factor to resilience in many systems. Should one economic sector come under stress due to external pressures or market changes, a region that puts all its economic eggs in one basket may suffer an extensive blow. This section of the SRRP Economic volume will explore programs and policies that support innovative entrepreneurship and workforce development, underpinning the creation of future industries that can help to enable economic diversity within the SRPEDD region.

A. Population

The district is growing. However, Bristol County is growing at a lower rate than Plymouth County and the Commonweatlh as a whole.