Regional Vision Plan

The vast majority of the criteria for regional vision plans as outlined by the North Carolina General Assembly in Section 13.6 of House Bill 1414 concern the Vision Plan itself – its composition, effect, monitoring, recommended infrastructure enhancements, use of North Carolina’s extensive higher education capacity, and the leadership necessary to effectively implement the plan’s goals and objectives.

Working with the project’s Steering Committee, Market Street will use the conclusions from the Competitive Realities
analysis and the Target Cluster Analysis to develop a specific guide to help maintain, grow, and develop existing and unforeseen opportunities in specific business sectors in the Piedmont Triad region.

The Regional Vision Plan will be inclusive of the following categories:

1. Attention to existing and future businesses,
2. Targeting the most appropriate business clusters for local development;
3. Providing the resources needed to enable current residents to start and grow their own small businesses;
4. Ensuring that the Piedmont Triad region has the most competitive business climate possible
   (inclusive of infrastructure, costs, education, quality of life and workforce development resources); and
5. Leveraging regional partnerships for economic development, including the assimilation of ongoing and
   future local and state planning and development initiatives in the Piedmont Triad’s planning efforts.

It is only through focused attention on these five critical components of local economic development that the Piedmont Triad region will achieve its true job and wealth-creation potential.

Ultimately, it is Market Street’s belief that the success of the proposed strategy will depend on the degree to which it meets the critical needs and opportunities identified throughout this process.