This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.
Development projects are the building blocks of urban growth. Put enough of the right projects together in the right way, and you have sustainable cities. But getting the pieces to stack up takes a feat of coordination and cooperation. In our market economy, developers, designers, and planners tend to operate in silos, each focused on its own piece of the puzzle. Sustainable Development Projects shows how these three groups can work together to build stronger cities. It starts with a blueprint for a development triad that balances sound economics, quality design, and the public good. A step-by-step description of the development process explains how and when planners can most effectively regulate new projects, while a glossary of real estate terms gives all the project participants a common language. Detailed scenarios apply the book’s principles to a trio of projects: rental apartments, greenfield housing, and mixed use infill. Readers can follow the projects from inception to finished product and see how different choices would result in different outcomes. This nuts-and-bolts guide urges planners, developers, and designers to break out of their silos and join forces to build more sustainable communities. It’s essential reading for practicing planners, real estate and design professionals, planning and zoning commissioners, elected officials, planning students, and everyone who cares about the future of cities.
This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.
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