Tag Archive: Economic Development

  1. New PERE Report on Equity in San Diego

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    Steady growth in high-tech sectors, including biotech, cleantech, and medical technology, have been a boon to the San Diego region. Between 2000 and 2010, employment in these high-skilled fields increased over 20 percent in spite of the Recession. However, this prosperity fails to reach a majority of San Diego residents. According to PolicyLink’s National Equity Atlas, San Diego ranks #62 in income inequality among the largest 150 metro regions in the United States. Higher paid, higher skilled jobs are increasingly out of reach for a growing segment of the population, and lower skilled jobs in sectors like hospitality and tourism, offer stagnant wages and little opportunity for advancement. (more…)

  2. Transit as an Economic Development Tool

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    Growing Evidence that Connecting Low-Income Communities to Job Centers can Reduce Chronic Unemployment

    It’s clear that access to jobs reduces unemployment and expands local and regional economies. But oftentimes, jobs are clustered in areas that aren’t easily accessible to everyone. In particular, many of the nation’s major job centers are hard to access for low-income workers, who are more likely to be transit dependent.

    Given that the “typical American city dweller can reach just 30% of jobs in their city within 90 minutes on public transport,” it should come as no surprise that the employment prospects for transit-dependent households are severely limited.

    There’s growing evidence that increasing access to urban job centers has the potential to reduce chronic unemployment in working class and low-income communities. But policymakers don’t typically consider providing transit service from job poor communities to job rich neighborhoods a viable economic development strategy. The question is: should they? (more…)

  3. Creatively Addressing Cracks in Funding…and Pavement

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    Image from Mike Zhang: http://www.thestumblr.com/

    Image from Mike Zhang: http://www.thestumblr.com/

    The Voice of San Diego (VOSD) recently reported on the efforts of local residents to creatively fill a fiscal void caused by redevelopment dissolution.

    In seeking new infrastructure dollars to address street development and maintenance, the City Heights Community Development Corporation, WalkSanDiego and the Center for Urban Economics and Design at UC San Diego conducted a study last year on whether the Community Reinvestment Act (CRA) could be applied toward their infrastructure needs. The study concluded that this was indeed feasible and plausible. (more…)

  4. Unlocking Development Finance Tools with CDFA

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    The California Association for Local Economic Development (CALED) and the Council of Development Finance Agencies (CDFA) recently launched the “CDFA California Financing Roundtable.” This initiative seeks to “develop a sustainable economic development finance industry for the state of California and … [to] bring the development finance industry together through education, resource development, research and networking.” (more…)

  5. Integrating Sustainability and Economic Development

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    Promoting environmental sustainability and pursuing economic development strategies have typically been considered two separate and (often) competing goals. But times are changing, and a growing body of evidence supports the notion that sustainability typically delivers more enduring and broad-based economic returns. Cities across the continent are beginning to wed environmental sustainability to economic development, looking at investments in a sustainable economy as one tool to build broad-based prosperity. (more…)

  6. Revitalization Bills Roundup

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    While California, as a whole, may be on the path to economic recovery, certain regions of the State look to be in for a much longer and difficult road. Take Imperial County, which has the State’s highest unemployment rate [PDF] at 25% and a poverty rate [PDF] of 23%; or the counties of Merced, Fresno, Madera, Tulare, Kings, and Stanislaus, each of which have unemployment rates higher than the state average and poverty rates between 20-25%.  What new tools can be created at the state level to spur equitable economic development to some of our hardest hit communities? (more…)

  7. Brooklyn Navy Yard

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    Revitalizing the manufacturing sector in the U.S. is an important economic development strategy to create well-paying middle class jobs.  Cities throughout the United States are piloting ways to advance this goal.  New York City is developing this strategy through the Brooklyn Navy Yard, a 300 acre, city-owned industrial park along the Brooklyn waterfront.  At its peak, the Brooklyn Navy Yard produced warships for the U.S. Navy. Today, it houses 330 businesses in film, media, design, and cleantech sectors, and employs about 5,800 people. (more…)

  8. New Study on Affordable Housing Benefit Fee

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    The Economic Roundtable has released a new study documenting “the connection between property development and demand for affordable housing.” The study notes that if an affordable housing benefit fee had been in place from 1997 to 2007, “it could have generated an average of $35 to $110 million a year in revenue.” Download the report here.

  9. Governor Brown Puts a Hold on Redevelopment Redo

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    The Governor has put the brakes on the Legislature’s attempts to develop new economic development tools in the wake of redevelopment’s dissolution.

    On September 30, he vetoed SB 1156, saying that his office would prefer to take a “constructive look at implementing” [PDF] the program only after the redevelopment wind down is complete. Governor Brown echoed those sentiments in his veto messages for AB 2144, AB 2551, and SB 214, which would have reformed Infrastructure Finance Districts to help achieve economic development and renewable energy goals. For AB 2144, he writes [PDF] that the “measure would likely cause cities to focus their efforts on using the new tools provided by [AB 2144] instead of winding down redevelopment.”  While the goals of AB 2551 are laudable, Governor Brown felt that the measure was “premature” [PDF]. (more…)