By: Marian Kansas, Consultant
Alan Mallach’s book The Divided City: Poverty and Prosperity in Urban America explores the rise and fall of America’s industrial cities. For us, it was an illuminating read on economic development, especially as Avalanche is advising communities across the Rust Belt.
We were especially interested in the chapter “From Factories to Eds and Meds.” Cities with rich histories like Baltimore, Cleveland and Pittsburgh have been able to weather the difficult transition in part because of their strong higher education and healthcare sectors (“eds and meds”).Continue reading “Eds & Meds in the Transformation of Industrial Cities”
The selection and community engagement process for opportunity zones has varied from state to state, but economic developers can learn a lot by looking at Washington D.C’s community engagement process.
By John Rees, Research Director
During the past decade, talent has become the most important drivers of economic vibrancy. Regions such as Austin and Seattle are rock star metros thanks in part to their ability to provide employers with seemingly endless pools of smart young professionals. Having a growing pool of talent is especially important in an era when labor is scarce and more difficult to attract. The US unemployment rate remains near a historic low, and the proportion of Americans who move each year has fallen by approximately 50% over the past 40 years.Continue reading “Which 20 Metros are Gaining and Losing the Most Young Professionals? (…and the Reason Why)”