Retooling for Growth: Building a 21st Century Economy in America's Older Industrial Areas (Google eBook)

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Richard McGahey, Jennifer S. Vey
Brookings Institution Press, 2008 - Political Science - 437 pages
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Slow job growth, declining home values, a diminishing tax base, and concentrated poverty are but a few of the growing obstacles for well-established but struggling cities. Challenged by decades of globalization, technological change, and dramatic demographic shifts away from the urban core, these former industrial powerhouses, particularly in the Northeast and Midwest, have been eclipsed by burgeoning American cities with a viable niche in the new economy.In R "etooling for Growth, " experts present new frameworks, cutting-edge analysis, and innovative policy solutions for the nation's government, business, civic, and community leaders to sculpt a sustainable and supportable economy for older industrial areas. The unique focus on rehabilitating weak market cities outlines ideas for reshaping the role of public agencies, the workforce, business organizations, and technology. Implementation of these measures addresses challenges such as fostering entrepreneurship, reducing poverty and inequality, and maintaining and augmenting the number of skilled professionals who reside and work in a community, among others.This collection of essays offers practical, achievable strategies for revitalizing industrial areas and building upon the potential of existing but overlooked resources of economic, physical, and cultural significance. In this important volume, leading authorities provide a thought-provoking analysis of healthy economic development practices for both public and private sectors.

  

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Contents

1 Regional Economic Development in Theory and Practice
3
A State Agenda for Change
33
3 The Talent Imperative for Older Industrial Areas
61
WeakMarket Cities and Regional Equity
89
A Key to Regional Economic Prosperity
119
Analytics
149
6 Understanding Economically Distressed Cities
151
7 Placing Labor CenterStage in Industrial City Revitalization
179
Policy and Practice
275
10 What Makes a Good Economic Development Deal?
277
The Practitioners Perspective
299
Toward a New Approach
325
13 Promoting Inclusive Economic Renewal in Older Industrial Cities
351
14 The MarketBuilding Potential of Development Finance in Older Industrial Cities
373
Report of the 106th American Assembly
391
Contributors
419

8 Occupational Clusters Employment and Opportunity for LowSkilled Workers
211
9 Manufacturing Regional Prosperity and Public Policy
249

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About the author (2008)

Richard M. McGahey is a program officer in the Economic Development Unit at the Ford Foundation. Jennifer S.Vey is a fellow in Metropolitan Policy program at Brookings. Kenneth Lewis is the chairman of Bank of America. Edward Rendell is the governor of Pennsylvania.

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