City area can no longer rest on its reputation as a diversified economy with a well-educated population. The region has fallen behind in growth and competitiveness compared to its peer cities and it needs concerted focus to improve. “However, the problems of the Missouri economy demand better-focused leadership by business and political leaders across the state and in Jefferson City. Elected officials need to pump more money into infrastructure; especially the state’s underfunded roads system, which may require a tax increase. The state also must revamp its tax credit program to create more 21st century jobs. And Missouri can’t continue threatening financing for its higher education institutions.” (http://www.kansascity.com)
Economic analysis, Jeff Pinkerton, reports that the growth in economy is dependent on out of state money being brought in. When people already living in KC spend
I am writing on behalf of the eighth-grade class at Monticello Trails Middle School to ask you to add Kansas to The Goodnight Series. Kansas is one of four states that doesn’t have a Goodnight Book and I believe that Kansas is worthy to be added to The Goodnight Series. Kansas has many things to offer, and is just as interesting as many other places, and, therefore, Kansas deserves to have a book. We know you don’t accept submissions, but it would be nice for you to take in consideration of adding Kansas to the series.
In developing this Plan, the City undertook an extensive community engagement process to understand the community’s aspirations and to establish a foundation based on the vision for the future.” Yes, there are developments aside for continuing to provide the best quality of education, transportations, housing and job
Updating its previous 2015 job growth estimates, the Federal Reserve Bank of Dallas announced July 8 that it is forecasting that the Texas economy will add about 120,000 for the year.
People are becoming aware of the financial discrepancy between upstate New York and New York City. Today, the state cuts taxes across the board and letting the market operate; the state has opted to launch some targeted public and public/private initiatives to reenergize the economy Upstate. New York State will do better by making itself more tax-friendly to businesses and
In many parts of the world, poverty is one of the reason why people from countryside moved to the city to seek better life. The city has many things to offer, to explore and to live with. But living in a city is also a big challenge, where violence can happen anytime, where gangsters can rule the city and where police authorities presence are in every corner. While
First, the author had suggest a relatively wrong uncorrelated assumption between unemployment rate and business opportunities. The proportion of employed people out of the whole population of a region does not necessary create its that region competitive advantage in term of business attraction. In fact, the low employment rate can lead to high salary company have to pay payable due to the shortage of low job demand. The workers might changes their workplace once they are not satisfied with their salary. Second, the author does not mention any other sound advantages potentials that may benefit help companies gain prosperity, such as customer demand, demographic or rich resources…. Those factor may contribute largely to the overall atractiveness of the city. In a weak attempt to support the claim, the argument only describes the city as the industrial center of the region, and that the city has provided more than its share of the region’s manufacturing jobs. These elements is not enough to show clearly how city might help companies grow. Even in a subtle perspective, the reader still feel hard to imagine how helpful those elements is. And finally, the author does mention that the city is attempting to expand its economic base by
The essay “The Competitive Advantage of the Inner City” by Michael Porter, addresses the crisis of inner cities, in particular, the economic distress and how to fix it. Porter discusses the advantages and disadvantages of the inner city, and how previous efforts to improve the conditions of the city have failed. Many past efforts were guided by the desire to meet the needs of individuals but not the city as a whole, even programs that were aimed at economic development were ineffective because they treated the inner city as an “isolated island” (317), separated from surrounding economy which favored local small business that did not bring in outside business.
Edward Glaeser has written an informative book that unveils its optimistic view of the city: The Triumph of Cities. Glaeser, a professor of economics at Harvard University, is a brilliant economist who is credited with the recent revitalization of the field of urban economy. So far could their ideas through numerous but somewhat scattered newspaper articles and academic papers whose reading required prior training and considerable effort. Instead, the book is a simple, comprehensive and documented essay on multiple aspects of the city as its origin, development, operation, crisis, disappearance and revitalization.
In class, we have discussed the challenges that are faced by economic development planners. SWOT analysis must be continuously updated as conditions change in the city and region. Economic development planners must be aware of what skills and education local citizens have so that sustained development can occur without wasting tax payer funds. In the case of Salt Lake City, planners have ben able to leverage the skilled workforce being educated at institutions like Brigham Young University (BYU) and the University of Utah, to attract high-tech jobs. While the federal government has abandoned federal economic development programs, it is still an essential element for states and cities who wish to see continued health and development. A variety of programs, including property tax incentives and focusing on educating, attracting and retaining highly skilled workers through high quality-of-life programs, are essential in the globalized, highly competitive economy. Contemporary Urban Planning notes that “economic competition has grown more intense since the 1980s”. Globalization and increased competition for jobs, means that states and cities must always be working to attract and retain businesses in the face of stiff competition from around the
First, the opportunities for professional development in larger cities are astounding. With larger cities, there are more job opportunities. With more job opportunities, there comes more money. With more money, people are able to get the education they need, and thus, have more chances of developing professionally.
With the help of City Development Plan ; all institutions and organizations in the city shall give direction to the short, medium and long term development, general trends may be identified and future projections can be coordinated. Superior areas in the city may be determined, specializing in existing and prospective sector in the development will be provided. Thus, the city development strategies will fulfill a function that feeds, mobilizing local resources and potential, raises our socio-economic level at underdeveloped regions, providing rural development and the realization of national plans and programs. It will contribute to the strengthening of local government (authorities). It will strengthen the local economy and locality awareness of economic, social, cultural initiatives that can be routed and will be supported. Thus, plans and preferences made with society's demands, requirements, and capabilities, should be sufficiently taken into account. Local planning efforts is replicated at the local level will trigger an embodiment of total planned in local institutions and local governments.
Cities, which are currently plagued with several of the severe problems of dis-investment, crime, violence, lack of jobs and inequality, and more importantly, a lack of affordable and decent housing, quickly appeared in the forefront of the agenda. The dis-investment is present in many large cities, but especially in the largest, New York City. Historically, New York has been in the limelight of urban development, sometimes as a leader in the field.
The Downtown Improvement Plan and action strategy must include a branding and marketing effort that brings "the community" Downtown for enjoyment and connection and "customers" Downtown for shopping, dining, and entertainment. A mixed-use downtown attracts patrons by being multi-dimensional, since patrons attracted by one use or activity often cross over to others. For example, people going to the park will often shop or eat, assuming that uses are sufficiently available. Solutions for Downtown must be more comprehensive in scope, including considerably more than just making it look nice. The action plan must be designed to actively attract real estate developers/investors; it must seek to retain and expand existing businesses and attract new businesses. There must be a rigorous and sustained branding and marketing effort.
Economic development for a defined area has three primary goals—foster employment opportunities for the area’s current residents, diversify the area’s economic and employment base, and stabilize the local economy (Blakely & Leigh, 2013). By providing quality jobs for an area’s residents, versus the more costly alternative of bringing new firms to the area (which could also require a different skill set in their labor force than what the city currently has--rendering the city’s effort somewhat fruitless), the economic planning organization is looking to create employment diversity and opportunities from within their own community that are suitable for the area’s workforce. An area must also be highly aware of the business environment within the community to ensure that local economic stability is possible. If the city does not have a diverse infrastructure that firms require to conduct business than the locality will not be able to grow, retain, or attract firms within or to the area. Diversity in the economic and employment base is also a complex and constantly evolving challenge for local economic development practitioners. The organization must be able to keep track and organize employment data within a locality to see where certain sectors of the economy are in the need of assistance to prevent employment gaps in the community. Planner’s should be constantly comparing their strategies and approaches to the three goals local economic development, and prevent any action