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UTB-CBIRD Report: “At the Crossroads” Survey 35<br />

Figure 3.11 represents the combin<strong>at</strong>ion <strong>of</strong> the perceived importance and<br />

effectiveness <strong>of</strong> str<strong>at</strong>egies. A single point on the graph represents each<br />

str<strong>at</strong>egy’s importance and its regional effectiveness according to respondents’<br />

opinions. Str<strong>at</strong>egies with high importance coupled with low community<br />

effectiveness include:<br />

⇒ Promotion/support <strong>of</strong> Local Entrepreneurs in High-tech/high-value<br />

Added Industries/businesses<br />

⇒ Access to Venture Capital<br />

⇒ Promotion/support <strong>of</strong> Local Start-up Industries/businesses<br />

⇒ Regional Economic Development Plans Focusing on Job Cre<strong>at</strong>ion<br />

Figure 3.11 Cameron County: Critical Index <strong>of</strong> Str<strong>at</strong>egies (Importance v. Effectiveness)<br />

0.5<br />

0.4<br />

0.3<br />

Ineffective<br />

ness<br />

0.2<br />

0.1<br />

0.0<br />

Critical Index=.20<br />

2. Access to<br />

venture capital<br />

1. Support <strong>of</strong> Hi-Tech<br />

Entrepreneurs<br />

4. Focus on Plans<br />

for Job Cre<strong>at</strong>ion<br />

3. Support <strong>of</strong><br />

Local<br />

Source: UTB-CBIRD 2002<br />

0.4 0.5 0.6 0.7 0.8<br />

Importance<br />

Table 3.7 indic<strong>at</strong>es Cameron County respondents’ views <strong>of</strong> the str<strong>at</strong>egies th<strong>at</strong><br />

are considered most important but least effectively provided. 1<br />

Table 3.7. Cameron County: Critical R<strong>at</strong>ing <strong>of</strong> Development Str<strong>at</strong>egies<br />

Str<strong>at</strong>egy Critical Index<br />

Promotion/support local entrepreneurs high-tech-value added industries 0.254<br />

Access to venture capital 0.218<br />

Promotion/support <strong>of</strong> local start-up industries/businesses 0.217<br />

Regional economic development plans focusing on job cre<strong>at</strong>ion 0.216<br />

Economic diversific<strong>at</strong>ion 0.193<br />

Promotion/support <strong>of</strong> new business incub<strong>at</strong>ors 0.181<br />

Retention/expansion <strong>of</strong> existing industries/business 0.154<br />

Regional economic development collabor<strong>at</strong>ions <strong>of</strong> cities/countries 0.150<br />

Reloc<strong>at</strong>ion <strong>of</strong> industries/businesses from outside region 0.138<br />

Leveraging <strong>of</strong> community assets 0.119<br />

Cross-border economic development collabor<strong>at</strong>ions 0.091<br />

Free trade zones 0.074<br />

Further development <strong>of</strong> maquiladoras 0.041<br />

Source: UTB-CBIRD 2002<br />

1 Hidalgo County respondents consider the following as being most important but being least<br />

effectively provided by the community: Regional economic development plans, access to<br />

venture capital, regional economic development collabor<strong>at</strong>ions on the U.S. side <strong>of</strong> the border,<br />

free trade zones, cross-border economic development, collabor<strong>at</strong>ions, and promotion <strong>of</strong> local<br />

technology entrepreneurs.<br />

One Region -- One Future

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