Tag: economic development

The Untold Story of Mid-Sized Economies

The National League of Cities’ latest report, Local Economic Conditions: The Untold Story of the Varied Middle, finds that 84 percent of cities say their local economies have improved since 2016. The new analysis reveals a dynamic economic landscape that has given rise to five distinct types of local economies: a highly rural cluster; a

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Four Ways to Fund Effective Economic Development In Your City

For cities, effective economic development demands informed, careful leadership from elected officials. It also demands funding — for investing in infrastructure, programs, education, and incentives. Most communities use a mixture of strategies and funding sources to support economic development programs and initiatives. Some municipalities are also exploring the use of innovative tools and financing mechanisms.

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Does the Maker Movement Hold the Key to Economic Growth?

The power of this movement is its ability to draw production back into cities. This can have profound economic and social benefits. A man builds a 3D printer at a makerspace. (Getty) This is an excerpt from NLC’s upcoming report, The Maker Movement. The report was created in partnership with the Department of Public Administration and Policy at American

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How the City of Newark is Leading in Historic Preservation

The city of Newark, New Jersey, has a strategy for historic preservation, multi-sector partnership, and the creation of new residential mixed-use development in the heart of downtown. Newark is demonstrating that, while simple economic arithmetic may dictate demolition and abandonment when it comes to older downtown structures, those willing to see beyond the next fiscal

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Cities Are Taking a Regional Approach to Closing the Skills Gap

This post is the fifth installment in a series focused on NLC’s Cities and Unequal Recovery report, which highlights the findings of our 2015 Local Economic Conditions survey. Apprentice working with engineer to inspect manufacturing machinery. (Getty Images) Economic development consistently ranks as a high priority for local officials across the country. Alongside this priority

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Retention and Attraction Strategies for a Balanced Retail Sector

This is a recap from Big Ideas for Small Business, NLC’s national peer network helping local governments accelerate effort to support small businesses and encourage entrepreneurship. To learn more, email robbins@nlc.org. Neighborhood institutions, such as the Empress of China restaurant in San Francisco, are often forced to close their doors due to escalating rent prices

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Inequality, Instagram and Incubators: This Month in Economic Development

Our monthly roundup of the latest news in economic development filtered through a city-focused lens. Reading something interesting? Share it with @robbins617. Could Instagram walk-around tours help cities attract visitors and showcase local landmarks? (Photo Credit: David Maloney) Shining a new light on income inequality. The issue of inequity is getting prime-time coverage from the White

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Tying Business Incentives to an Economic Development Strategy

This is a guest post written by Ellen Harpel. Post originally appeared on the Smart Incentives blog. Economic development initiatives like this construction project in Singapore are more successful when investment incentives align with the values articulated by the overall development strategy. (Getty Images) Incentives are not just about winning a deal or completing a transaction

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Cities Focus on Talent, Quality of Life to Grow Local Economies

Instead of focusing singularly on business attraction or workforce development, mayors across the country are taking a more holistic lens to economic development. People wandering around shops and restaurants in downtown Denver. Getty Images. In his State of the City speech earlier this year, Mayor Greg Fischer from Louisville shared his mantra for economic development:

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Using Data to Improve Accountability in Economic Development Programs

This post was written by Ellen Harpel, founder of Smart Incentives and president of Business Development Advisors LLC (BDA), an economic development and market intelligence consulting firm. Post originally appeared on the Smart Incentives blog. Data is one of the key elements of the Smart Incentives 4×4 framework that enables communities to make sound investment decisions. Unfortunately,

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