What if we redirected economic development away from business attraction and into opportunities to grow or create local businesses that serve local anchor institutions?
United States Archives - NewStart
Here are the key lessons learned from discussions around economic development policy in the United States.
Philadelphia has been the latest stop on my tour of cities in the United States which are responding to economic decline. The people I have spoken to at the City of Philadelphia would never talk of the policy approach being a response to economic decline; instead the dialogue is one of responding to economic opportunity. (more…)
The response to economic decline in Pittsburgh has, like Cleveland, been shaped by collaboration across organisations, philanthropic capital from a range of foundations, developing entrepreneurship through its core anchor institutions and in raising the profile of Pittsburgh as a place to invest in. What is different has been the approach to making the most of Pittsburgh’s environmental assets as spaces for both development and social interaction.
The scale of the challenge meant that something drastic had to be done to respond and to stop a city with a heritage of industry, manufacturing, health organisations and universities from floundering. The response has been one of collaboration with key organisations coming together to reinvigorate and rejuvenate the local economy.
Today, I embark on a three week fact-finding mission to the United States, to understand how US cities have responded to the challenges posed by economic decline and how we can learn from these activities in a UK context.
Social enterprises across the United States have taken on a wide range of public assets in recent years – from libraries to markets. But what really sets them apart from the UK is their innovative use of taxation
For decades, corporations and governments had been taking more out of Buffalo than they were putting in. Now a radical vision for a community-controlled economy is taking shape.
The former Motor City has come to epitomise urban decline in recent years. But it is now discovering a different kind of growth, led by its citizens and their love of place, as Dan Gilmartin and Sarah Craft report
There is an investment apartheid in the United States. A market failure that, by implication, stops people investing their savings locally.