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The goal of the Portland Development Commission\'s Economic Development Strategy is to reorient its redevelopment activities to build the most sustainable economy in the U.S. by being first in green businesses, first in green jobs and first in green innovation. While ambitious, we applaud PDC for its foresight as well as its sound rationale for building its future economy in this direction. We concur that Portland truly has the foundation from which to build a recognizable, world class sustainable economy - an economy that leads to shared prosperity, is consistent with the city\'s sustainable way of life and ensures future growth through green development.
Sustainability is a fundamental component of building a strong community, not only in terms of the physical environment, but also for economic prosperity. Although the nexus between sustainability and economic development may not always be apparent and will certainly vary from place to place, local officials across the country are providing leadership and advancing economic strategies that incorporate environmental stewardship. In addition to a healthier environment for citizens, the benefits of greener economic development include cost savings through effective and efficient use of resources, less reliance on unsustainable energy sources and new jobs and economic investment. This guide highlights the sustainability efforts of four cities, Denver, Boston, Chattanooga, Tenn., and Grand Rapids, Mich., used to spur economic growth and the strategies they are pursuing.
The best way to create more jobs in a state is to grow them at home, rather than poach them from elsewhere: Some 95 percent of all job gains in a year in an average state come from the expansion of existing businesses or the birth of new establishments. However, the usual recipe of tax credits, research and development, training programs, and physical infrastructure is not sufficient, by itself, to spur such \"organic\" job creation. States also need to cultivate their industry clusters geographic concentrations of interconnected firms and supporting organizations. Properly designed, cluster strategies are a low-cost way to stimulate innovation, new-firm start-ups, and job creation by helping to link and align the many factors that influence firm and regional growth. Additionally, thinking in terms of clusters gives governors a way to articulate a positive vision of economic prosperity, engage broad groups of stakeholders in driving recovery, boost the export intensity of the economy, and bring focus and discipline to myriad state investments and policies. Specifically, states should: Develop and use data and rigorous analysis to identify industry clusters, target policy, and. track performance, Establish a modest grants program to address discrete gaps in cluster performance, Reorient existing economic development programs, policies, and initiatives to support clusters.
Overview of the city of Phoenix's asset map and economic development strategy.
Today, the energy sector in the United States and the national energy policy that determines how it evolves leaves the country exposed to three major, interconnected threats: weakened national security, environmental calamity caused by climate change, and an ongoing but largely unaddressed de-industrialization of the domestic economy. National energy policy must address these three basic national goals simultaneously.
Overview of why cities are likely to see an influx of industrial production and how to take advantage of this trend in an equitable and sustainable way.
In the aftermath of the Great Recession, America needs to move toward a more productive next economy that will be increasingly export-oriented, lower-carbon, and innovation-driven - as well as opportunity rich. At the same time, leading U.S. metropolitan areas - which drive the national economy - are mounting increasingly strategic, locally developed, and sophisticated initiatives to move in that direction themselves. And so the nation needs to take a new approach to economic development. Federal, state, and philanthropic actors all need to approach metros not as problems requiring programmatic handouts but as compelling investment opportunities for driving national prosperity. In keeping with that, the \"metropolitan business planning\" concept described in this brief proposes one approach for reorienting such interactions. Metropolitan business planning adapts the discipline of private-sector business planning to the task of revitalizing regional development. Such planning provides a framework through which regional business, civic, and government leaders can rigorously analyze the market position of their region; identify strategies by which to capitalize on their unique assets; specify catalytic products, policies, and interventions; and establish detailed operational and financial plans. These plans can then, in turn, be used to restructure federal, state, and philanthropic engagement in ways that invert the current top-down, highly siloed, and often ineffective approach to cities and metropolitan areas while bringing new efficiency to development activity.
In September 2007, recognizing the great potential of green economic and infrastructure development, Newark Mayor Cory A. Booker asked the Apollo Alliance to engage the community at large and "make Newark a national showcase for clean and efficient energy use, green economic development and job creation, and equitable environmental opportunity." The project, announced at the Clinton Global Initiative (CGI) conference in New York City, focused on convening a summit of Newark's community leaders to develop recommendations for the city to become cleaner, greener, and more prosperous.
A cluster strategy is the logical organizing principle for growing traded sector industries because disparate efforts at retention, expansion, innovation, international trade, land assembly and workforce development can be coordinated in a manner that makes more efficient use of resources and captures synergies in otherwise unrelated activities (e.g.; coordinated training and research at local universities). In addition, in-depth knowledge of particular sectors fuels catalytic initiatives that move business development efforts beyond traditional assistance. A cluster strategy is especially critical for a market like Portland, where limited resources require selective investments in the groups of firms that demonstrate the most promise of growth.
Job growth drives San Antonio's push for renewable energy and cleaner air is a beneficial byproduct. Since two recent mayors have embraced this approach, the country's seventh-largest city has developed a unique business ecosphere. Political leaders hope early gains will make San Antonio a leader in the "New Energy Economy." Using the purchasing power of CPS Energy - among the largest municipally owned utilities - the city convinced four clean tech companies to relocate to San Antonio in June, while a fifth company, SunEdison, will open a local office to support a 30-megawatt solar project. Each company is expected to bring jobs and contribute financially to education programs and research in exchange for long-term business deals with the utility and city.