Economic Resilience Scorecard
The Economic Resilience Scorecard provides the first comprehensive regional framework for evaluating resiliency against a host of today’s most pressing risks. Developed by the International Sustainable Resilience Center in partnership with StateBook International, the Scorecard enables organizations to assess resiliency across their local communities and the region as a whole.
The Scorecard also provides a valuable framework with step-by-step instructions and examples to maximize regional collaboration, preparedness, and response to today’s dynamic and evolving challenges.
Catawba Regional Council of Governments is adopting the Economic Resilience Scorecard to maximize the resiliency and preparedness of the counties and cities it serves in South Carolina.
Resilience and EDA
It is becoming increasingly apparent that regional economic prosperity is linked to an area’s ability to prevent, withstand, and quickly recover from major disruptions (i.e., shocks) to its economic base. In the context of economic development, economic resilience includes three primary attributes: the ability to recover quickly from a shock, the ability to withstand a shock, and the ability to avoid the shock altogether. Establishing economic resilience in a local or regional economy requires the ability to anticipate risk, evaluate how that risk can impact key economic assets, and build a responsive capacity.