Northwest New Mexico Council of Governments: Regional Economic and Strategy for the Coal-Impacted Four Corners Region, Partnership for Opportunities and Workforce and Economic Revitalization
This initiative seeks to initiate a strategic planning process to address the decline in coal production in the San Juan Basin and the adjacent areas of the Four Corners Region. This process will assess the long term economic impact and identify opportunities, constraints, and strategies to lessen the economic disruption of this core foundation of the regional economy. The intent will be to establish a coalition of businesses and communities most effected by the decline in the industry and provide the most current and relative information to enable businesses and communities in the region to determine the best courses of action to mitigate the anticipated economic disruption.
Funding is provided, in significant part, by a grant from the US Economic Development Administration under the ”Partnerships for Opportunity and Workforce and Economic Revitalization “ (“POWER”) initiative, a new federal interagency effort to assist communities negatively impacted by changes in the coal industry and power sector. The The POWER initiative acknowledges that economic changes in coal-reliant regions often result in job loss and other negative impacts, but can also generate concerns about perceptions of uncertainty and risk in the regional economy. A first step in mitigating these effects is the building of a strategy advising governmental entities, sovereign nations, business, and not-for-profits within communities on best practice and reasoned approaches on how to adapt to these changes. Effective planning can establish a road map that practitioners, policymakers, and other stakeholders can use to identify and take actionable steps to realize their desired economic vision.
Planning funds awarded under the POWER initiative are intended to (a) complement and reinforce the strategies contained in the Comprehensive Economic Development Strategy (CEDS) for Northwest New Mexico and (b) help affected communities and regions to develop detailed strategies to accomplish one or more of the following kinds of objectives:
- Diversify their economies
- Create jobs in new or existing industries
- Attract new sources of job-creating investment
- Provide a range of workforce services that result in industry-recognized credentials for high-quality, in-demand jobs
The funds may also support such activities as:
- Conducting assessments that provide stakeholders with key asset and impact information that can inform future strategic planning and action
- Exploring the feasibility of specific economic diversification projects
- Identifying new strategies for promoting entrepreneurship
The intent of the work awarded through the Northwest New Mexico Council of Governments is to address these national objectives while producing a customized assessment of the regional economy, a survey of economic development options and opportunities, and a recommended strategy for successfully adapting to changes in the coal economy and forging a diversified, prosperous economy going forward.
Amount: A contract in the approximate amount of $187,000 will be awarded.
Eligibility: An “Offeror” is defined as is any person, corporation, institution of higher education, or partnership who chooses to submit a proposal.
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