Economic Vision Challenge
The SC2 Economic Visioning Challenge (EVC) is another component of the SC2 initiative. The SC2 EVC was a national prize competition that rewarded cities with grants in hopes that the winner would help additional communities and cities with an “economic blue-print” and encourage local innovation. In collaboration with US Department of Commerce’s Economic Development Administration, the challenge offered cash rewards for “strategic economic transition planning” to three initial cities (Greensboro, NC; Hartford, CT; and Las Vegas, NV). The challenge aimed to help create solutions for cities experiencing chronic economic distress with input from diverse perspectives and multidisciplinary teams. Each city was rewarded $1 million in 2012 to launch their competitions.
Through this competition, the EVC produced comprehensive economic development blueprints for all three cities. There were two phases of the competition. The first required teams to submit an economic development proposal. For phase two, finalist from phase one submitted a comprehensive economic development plan that required community engagement and provided actionable goals and objectives. In August of 2015, University of North Carolina at Greensboro Office of Research and Economic Development was awarded the final prize.
To find out more about the Economic Visioning Challenge, visit here.