Blog: Economic Development
As New Orleans Economy Recovers, Focus Shifts to Growing Inclusive Clusters and Entrepreneurship
Among its devastating effects, Hurricane Katrina had a destructive impact on regional employment. The storm, and its aftermath, eliminated more than 190,000 jobs in New Orleans alone. In the months following the disaster, employment rolls fell precipitously and remained stubbornly low, even as investment in the city began to increase. Now, over 10 years later, the New Orleans economy is bouncing back, and a focus on clusters and entrepreneurship are some of the major drivers of the city’s post-Katrina growth. Read More
For More and More Mayors, Poverty Tops Issue Agenda
The 2016 Menino Survey of Mayors, named in honor of late Boston Mayor Thomas Menino, uses a series of open- and closed-ended questions to probe mayors about their top priorities. More than 100 mayors participated in the survey, with responses coming from all over the country. Read More
Creating opportunity through innovation
A better future depends on science, technology, innovation, and entrepreneurship, but it also depends on harnessing these tools as a way to solve society’s shared problems. Growing jobs and wealth in a community is the goal of nearly all economic development programs, but more can be done to ensure that the public good is given an equal priority when developing regional prosperity strategies. Read More
Albuquerque Anchor Institutions Form Coalition to Boost Local Economy
At any given point in time, there are at least a few thousand job openings at anchor institutions in Albuquerque, New Mexico. Approximately half of these are entry-level positions. Normally this would be great news for a community. If jobs are plentiful, it must mean the local economy is doing well—right? Yet, it’s not that straightforward. Read More
Inclusive Prosperity Is Incredibly Rare
America may be prosperous but it is not inclusive. On the one hand, the nation and its cities and metro areas are still recovering from the economic trauma of the Great Recession: Economic output is up and unemployment is down. But on the other hand, the gains from that economic recovery are disproportionately concentrated among a relatively small number of advantaged groups and advantaged places. Inclusive prosperity has proven distressingly elusive; wide swaths of cities and metros and large groups of people have missed out on the economic rebound. Read More