Published: 23rd Jun 2015

I have spent the last three weeks in Cleveland, Pittsburgh, Philadelphia and Providence exploring how those cities have responded to economic decline and indeed economic opportunity. I have been fascinated by the levels of collaboration, the role of anchor institutions, the scale of foundation resource, and the ability to raise and redistribute taxation as means of enabling that response. While I have seen lots of good work in those localities, I have also been amazed by the scale of the remaining challenge, particularly in terms of addressing inequality. I’ve also spent time in New York and Washington DC engaging with key economic development-focused think tanks, and leading thinkers on local economies. Here are the key lessons learned from these discussions around economic development policy in the United States: Locally focused economic development is the domain of the few and removed from the business growth and inward investment approaches of the majority … (To read the full article, subscribe below)