This presentation outlines the theoretical framework for market-based community economic development, including a discussion of how market-based strategies work and when they are most effective. The presentation also provides examples of how the framework can be applied to development practice in the areas of retail and financial services.
This document is the culmination of an innovative, two-year effort to develop an integrated and mutually reinforcing set of strategies and initiatives to drive growth in four contiguous Chicago neighborhoods: Chatham, Auburn Gresham, Avalon Park and Greater Grand Crossing. The plan reflects a new, replicable approach to neighborhood growth planning, embedded in the context of regional economic opportunities. Chapter I lays out the economic foundations of the plan, and is followed by a rigorous market analysis, articulation of the plan’s 16 strategies and an outline of the lead implementation initiatives and institutional infrastructure.
Chicago TREND (Transforming Retail Economics of Neighborhood Development) combines innovative predictive analytics, deal brokering and financial products to support “retail on the leading edge” of emerging neighborhood markets. The new initiative – including partnerships with ICSC, Nielsen, Econsult Solutions and leading retailers and developers – aims to enable retailers, developers, investors and neighborhoods to better target particular types of retail to specific changing neighborhoods offering retail opportunity that will help drive the neighborhood change. The initiative is led by Lyneir Richardson. To discuss potential retail development and partnership opportunities, please contact him at lrichardson@chicagotrend.com.
Prepared for the Chicago Federal Executive Board, this presentation assesses the nation’s progress over the last 50 years and suggests a new framework for winning the “War on Poverty.” Finding that welfare programs have significantly reduced absolute poverty but are inadequate to combat rapidly growing relative poverty, the presentation proposes a new market-based approach that leverages, rather than supplants, next-economy markets to bring under-invested people and places back into the economic mainstream. The presentation concludes with principles for designing the federal government’s role in this new effort.
Chicago TREND (Transforming Retail Economics of Neighborhood Development) combines innovative predictive analytics, deal brokering and financial products to support “retail on the leading edge” of emerging neighborhood markets. The new initiative – including partnerships with ICSC, Nielsen, Econsult Solutions and leading retailers and developers – aims to enable retailers, developers, investors and neighborhoods to better target particular types of retail to specific changing neighborhoods, offering retail opportunity that will help drive the neighborhood change. The initiative is led by Lyneir Richardson. To discuss potential retail development and partnership opportunities, please contact him at lrichardson@chicagotrend.com.
This paper was prepared as background for a convening of national experts to explore how the fields of urban planning/design and economic development can better inform each other in practice in the context of the changing global economy and its effects on urban growth form. Developed by RW Ventures, LLC, Urban Planning and Design for the American City and Metropolis Strategies, the paper compares the fields’ goals, frameworks, tools and activities including through applications to particular types of new 21st century urban challenges and opportunities, and raises a set of new issues and suggestions for greater and different collaborations between the fields.
This slide deck, presented at the 2014 CEOs for Cities National Meeting, highlights the economic imperative, and offers a framework, approach, analysis and examples for better achieving both prosperity and equity by aligning growth and inclusion. The presentation builds from a convening and ongoing coordination, facilitated by RW Ventures and supported by the Ford Foundation, of leading practitioners building the practice of inclusive regional economic growth around the country. For more on inclusive growth, see the New Growth Innovation Network (NGIN) website at www.newgrowth.org.
Developed for the June 2014 Convening on Inclusive Regional Economic Growth at the Ford Foundation, this framing paper captures findings from interviews of attendees and other leading practitioners to provide a baseline assessment of the emerging practice of Inclusive Regional Economic Growth. The paper describes underlying changes in the next economy, including the inclusive growth paradox and imperative; provides an economic framework for identifying key challenges and opportunities for aligning growth and inclusion; highlights innovations and issues in the emerging practice; and offers observations about how to better coordinate and scale the practice. For more on inclusive growth, see the New Growth Innovation Network (NGIN) website at www.newgrowth.org.
Bob Weissbourd delivered these remarks as part of the “Connecting to Markets” series sponsored by the Institute for Comprehensive Community Development, the Urban Institute, and the Federal Reserve Banks of Boston, Chicago, Houston, Los Angeles, Minneapolis, Pittsburgh and San Francisco. The speech makes observations about the macro- and metro-economic contexts, and then turns to the implications of these trends for the main topics of the day: neighborhoods, housing markets and the foreclosure crisis.
This presentation, delivered by Bob Weissbourd to the Economic Development Foundations Working Group of Cook County, provides an overview of how the different pieces of the economy fit together and how to understand them in the regional context. The bulk of the presentation specifically examines the Chicago region’s economy and suggests ways in which Cook County might support economic development through actions in its own businesses, in its economic development programming and through new initiatives and partnerships.
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