strategy - RW Ventures

Greater Chatham Initiative

rwvadmin — Sun, 12 Jun 2016 15:38:45 +0000

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.

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Positioning Your Neighborhood for Economic Development

rwvadmin — Thu, 17 Mar 2016 22:51:20 +0000

Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development – sometimes referred to as “economic place-making.”

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NeighborWorks NBP Training

rwvadmin — Fri, 12 Feb 2016 22:48:36 +0000

Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America’s Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: “”neighborhood business planning.”” After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.

An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood’s type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative.

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Linking Regional Economic Clusters with Targeted Urban Places in Indianapolis

rwvadmin — Tue, 12 Aug 2014 15:42:08 +0000

This set of documents reflects recommendations for leveraging urban industrial corridors in Indianapolis, Indiana in ways that support high-growth-potential regional clusters. The project was undertaken by RW Ventures in partnership with Mass Economics, Bookman Associates, Capraro Consulting and Jones Lang LaSalle on behalf of Indianapolis LISC. The presentation describes the urban opportunities among targeted economic clusters, ultimately recommending a focus on (a) Food Manufacturing and Distribution and (b) Local Business-to-Business (B2B) Services. The report then provides a more in-depth description of those clusters and articulates a location profile for each that captures the location preferences, site characteristics and building requirements of firms in those clusters. Finally, the report offers recommendations for promoting growth of the Food Manufacturing and Distribution and Local B2B clusters in existing industrial areas in Indianapolis and proposed methodologies for the next round of cluster development and industrial land analysis.

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Strategic Development Scenarios for the Annie E. Casey Foundation’s University Avenue Site

rwvadmin — Fri, 25 Jul 2014 14:25:23 +0000

This presentation, delivered to the Annie E. Casey Foundation’s leadership team, provides a set of strategic redevelopment scenarios for a 31-acre site the foundation owns in the Pittsburgh neighborhood of Atlanta, GA. In the context of growing opportunities in the next economy for “economic place making” which aligns neighborhood and regional development, a cross-disciplinary team — including partners Mass Economics, Stoss Landscape Urbanism, TSW and Noell Consulting Group — undertook extensive regional and local market analysis and stakeholder engagement to identify a range of market-feasible development alternatives for the site that would maximize opportunities for community residents and businesses. The team explored development opportunities ranging from a food innovation park to a “blue-collar innovation district.” This presentation summarizes the team’s approach to the project, its market and site findings, recommended strategic development scenarios and a proposed strategy for taking the site to market for development. The team’s work is described in more detail in a set of non-public deliverables prepared for the foundation.

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Economic Place-making: How to Develop a “Neighborhood Business Plan”

rwvadmin — Thu, 15 May 2014 22:17:01 +0000

Developed as part of a two-day training for planning and implementation grantees from HUD’s Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: “neighborhood business planning.” It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.

An overview of neighborhood types and their functions within regional systems follows, including a description of how different types of neighborhoods change over time. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) walk through illustrative neighborhood goals, market analysis, strategies and initiatives to drive neighborhood prosperity in connection with its region. Another module focuses on how local-facing issues like housing, retail and other amenities reflect the neighborhood’s position in the region, but also can shape a neighborhood’s type and trajectory. The presentation concludes with an illustrative, high-level sample business plan that brings together all prior components.

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Partnering for Prosperity

rwvadmin — Thu, 17 Apr 2014 14:54:47 +0000

Cook County Board President Toni Preckwinkle, accepting the recommendations of her Council of Economic Advisors, adopted Partnering for Prosperity: An Economic Growth Action Agenda for Cook County, a report developed with assistance from RW Ventures and Metropolis Strategies. The Action Agenda provides a blueprint for more strategic, targeted and deeper County engagement in regional economic development, recommending nine key strategies based on Cook’s role and capacities in the regional economy. RW Ventures and Metropolis Strategies will continue to work with Cook County, as it now adapts its programs and engages partners to create transformative initiatives to implement the strategies.

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Partnering for Prosperity: An Economic Growth Action Agenda for Cook County

rwvadmin — Mon, 01 Apr 2013 16:00:20 +0000

Prepared for Cook County by its Council of Economic Advisors, Metropolis Strategies and RW Ventures, this Action Agenda begins by addressing Cook County’s role in the regional economy, in light of dramatic changes taking place in the global economy. It then outlines a framework for understanding the County’s opportunities to influence economic growth, identifying the intersection of regional economic growth opportunities, the County’s unique assets and challenges, and Cook County government’s capacities. Applying this framework, the Action Agenda analyzes Cook County’s economic assets, challenges and opportunities in the context of the region. Based on this analysis, the Action Agenda recommends nine economic growth strategies for Cook County to adopt in order to promote regional economic growth, and outlines next steps for implementing the strategies.

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Regions Charting New Directions: Metropolitan Business Planning

rwvadmin — Thu, 21 Jun 2012 14:12:06 +0000

These three presentations outline the key drivers of economic growth in the next economy, articulate the concept of “metro-economics” and describe the approach of Metropolitan Business Planning. The first two presentations apply these frameworks in the context of the South Bend and metropolitan Milwaukee areas, while the third presentation, delivered at the Winter meeting of the Mayor’s Innovation Project, considers the questions that regions should answer in order to understand their unique opportunities for economic growth. The South Bend presentation was delivered at the first ever South Bend Economic Summit, co-hosted by the Mayor of South Bend, and the heads of the Chamber of Commerce of St. Joseph County and the Corporate Partnership for Economic Growth. The Milwaukee presentation was delivered at a meeting of the Milwaukee 7 Regional Economic Development Advisory Council.

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Milwaukee Framework for Economic Growth

rwvadmin — Tue, 12 Jun 2012 15:57:11 +0000

The Milwaukee 7 (M7) released a draft of its Framework for Economic Growth at the November meeting of its Regional Economic Development Advisory Council. M7 engaged public, private and civic stakeholders from around the seven-county region to create a market-based plan for growing the regional economy. The plan – developed using the Metropolitan Business Planning framework co-developed by RW Ventures and The Brookings Institution’s Metropolitan Policy Program – derives nine strategies to “set a new course for regional prosperity.” M7 and its partners are currently exploring next steps toward implementation.

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