Boston Redevelopment Presentation Umass 2009 (2)


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  • municipal planning and development agency for Boston, working on both housing and commercial developments.The BRA was established by the Boston city council and the Massachusetts legislature in 1957. Its primary goal is to work with Bostonians, business and developers in order to provide direction for development in the city of Boston. Entitlement CommunitiesThe CDBG entitlement program allocates annual grants to larger cities and urban counties to develop viable communities by providing decent housing, a suitable living environment, and opportunities to expand economic opportunities, principally for low- and moderate-income persons. Section 108 Loan Guarantee ProgramDisaster Recovery AssistanceNeighborhood Stabilization ProgramRenewal Communities/ Empowerment Zones/ Enterprise Communities (RC/EZ/EC)
  • These jobs generally reside in personal services firms. The “other” category accounts for 25,273 jobs (4.6%), and a growth rate of 15.9%.1 & 2 Boston’s economic specialization, measured by its industry’s Location Quotient (LQ), shows that the city’s strengths are mainly in the areas of F.I.R.E. (2.82), Educational Services (2.42), Health Care & Social Assistance (1.45), and Professional, Business Services & Information (1.22) - Table 1. The LQ shows the degree of concentration of industry-economic specialization and compares the city industry concentration (employment in this industry as a percentage of the total jobs in Boston) to the national average concentration for this industry.
  • Implement and manage key economic sector projects to promote a strong economy in Boston by providing a clear and integrated approach to economic investment that addresses the current and future needs of the city.
  • Boston Redevelopment Presentation Umass 2009 (2)

    1. 1.
    2. 2. Boston Redevelopment Authority<br />
    3. 3. Boston Redevelopment Authority<br />US Congress established Community Development Block Grant<br />Mayor’s office of Jobs & Community Services is created<br />BRA created to promote investment and development in Boston.<br />1957<br />1969<br />1974<br />1977<br />1986<br />Boston Marine Industrial Park created to protect marine, industrial and related jobs<br />New Boston City Hall opens<br />
    4. 4. City council president Thomas M. Menino becomes Boston’s 53rd Mayor<br />Mayor launches Life Tech & Onein3<br />Mayor launches Green Tech <br />1993<br />2001<br />2007<br />2005<br />2004<br />Mayor launches Back Streets<br />Mayor launches Create Boston & Boston Retail<br />
    5. 5. Boston BusinessPrivate Sector Employment<br />
    6. 6. Boston Redevelopment Authority<br />
    7. 7. Boston Redevelopment Authority<br />Economic Initiatives<br />
    8. 8. Economic Initiatives Mission<br />BRA&apos;s Economic Initiatives team implements and manages key economic sector projects to promote a strong economy in Boston.<br />Work in partnership with neighborhood residents, business owners, community-based organizations, developers, and state and federal agencies. <br />
    9. 9. Economic Initiatives Tools<br />City <br />Liaison<br />Financial Incentives<br />Policy Development<br />Site <br />Finding<br />
    10. 10. City Liaison<br />Permitting<br />Zoning<br />Educational Events<br />Outreach and Networking<br />
    11. 11. Financial Incentives<br />Loans<br />Bonds<br />Tax incremental financing<br />Other<br />
    12. 12. Policy Development<br />Business Improvements Districts<br />Neighborhood Strategic Plans<br />Policy for a Specific Sector<br />Workforce Development<br />
    13. 13. Site Finding<br />City-owned Properties<br />Local Brokers<br />Strategic Partnerships<br />Site location assistance<br />
    14. 14. FutureOutlook<br />
    15. 15.
    16. 16. Lisa Hemmerle, CPA (MA Lisc.)Deputy Director of Economic Initiatives <br /><br />617.918.4280 <br />