By Richard M. McGahey, Jennifer S. Vey
Slow task development, declining domestic values, a diminishing tax base, and targeted poverty are yet the various growing to be stumbling blocks for well-established yet suffering towns. Challenged through a long time of globalization, technological switch, and dramatic demographic shifts clear of the city center, those former commercial powerhouses, rather within the Northeast and Midwest, were eclipsed through burgeoning American towns with a attainable area of interest within the new economic system. In R etooling for Growth, specialists current new frameworks, state-of-the-art research, and cutting edge coverage ideas for the nation's executive, enterprise, civic, and group leaders to sculpt a sustainable and supportable financial system for older commercial components. the original specialize in rehabilitating susceptible marketplace towns outlines principles for reshaping the function of public businesses, the crew, enterprise companies, and expertise. Implementation of those measures addresses demanding situations equivalent to fostering entrepreneurship, decreasing poverty and inequality, and conserving and augmenting the variety of expert execs who live and paintings in a neighborhood, between others. This selection of essays bargains sensible, plausible thoughts for revitalizing business components and development upon the possibility of latest yet missed assets of monetary, actual, and cultural importance. during this vital quantity, best experts offer a thought-provoking research of fit fiscal improvement practices for either private and non-private sectors.
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Extra resources for Retooling for Growth: Building a 21st Century Economy in America's Older Industrial Areas (American Assembly)
Edward Feser and Michael Luger, “Cluster Analysis as a Mode of Inquiry: Its Use in Science and Technology Policymaking in North Carolina,” European Planning Studies 11, no. 1: 14. 16. Stuart Rosenfeld notes that the term cluster came into economic development practice in SRI International reports on organizing economic development in Florida, published in 1989–90. 17. Bennett Harrison and Amy Glasmier, “Why Business Alone Won’t Redevelop the Inner City,” Economic Development Quarterly 11, no. 1 (February 1997): 31.
The headquarters move, and the associated tax breaks, are now up in the air, as Applebee’s was recently acquired by IHOP. See “Tax Break for Applebee’s Now Uncertain,” Kansas City Star, July 16, 2007. 33. Counting not only general-purpose city, town, and county governments, but specialpurpose districts, school districts, and others, revealed a very large number of governments in older industrial areas. For example, in 2002, the Pittsburgh, Pennsylvania, Metropolitan Statistical Area contained 905 distinct governments.
They concluded that these organizations were shifting priorities from a focus on a traditional, purely cost-reduction perspective to a focus on broader regional competitiveness. A smaller number also were directly concentrating on economic inequality in their regions. 38 It sometimes is not apparent to other regional stakeholders that business organizations are largely membership driven, and must provide useful services for their members. Like other sectors, there is competition among business organizations for members, and firms can be variously organized by geography, cluster, size, ethnicity or gender of owners, and other factors.