VE Journey

ViTAL Economy (VE) invites you to embark upon a Journey that will transform the way your region lives, works, learns, and governs. We use a proven process that every community can follow, no matter how unique or challenged. The VE Alliance (link to that page), our virtual team of advisors, is passionately committed to your region’s success at each step of the journey, providing both in-region and remote support.

The VE Journey typically contains three phases that instill discipline into your region’s economic development process. Each phase lasts 12-18 months and includes a series of key milestones to ensure progress and periodic communication with your community. VE typically helps your region progress through each phase with a number of services (connect to Services Intro page) we have developed over the years that will provide the structure your region needs to succeed.

PHASE 1: STRATEGY

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The Strategy Phase creates the foundation for economic transformation, establishing a sense of urgency and typically using our services of collaborative leadership strategies, five-year S.M.A.R.T. goal setting and economic vision, quality of place strategies, prioritized asset mapping and targeted industry cluster strategies.

 

 

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PHASE 2: IMPLEMENT

The Implement Phase takes the priorities and actions adopted in the Strategy Phase and focuses on achievement and progress. In this phase, frequently used services include industry cluster strategies, innovation ecosystems, livable community strategies, collaborative fundraising, regional branding strategies and integrated workforce development plans.

 

 

PHASE 3: SUSTAIN

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The Sustain Phase institutionalizes the new structures, leadership and relationships developed in the prior phases. In this phase, frequently used services include collaborative leadership institutes, regional economic development governance models, change management and performance metrics management.

Our Approach in Action