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Economic Development
The document summarizes economic development in five major US cities: Arlington, TX; Chicago, IL; New York, NY; New Orleans, LA; and Philadelphia, PA. It provides a snapshot of each city including population, mayor, founding date, key investments, and revenues and expenses. The document finds that cities are becoming less dependent on federal funds and developing sustainable economies. It also analyzes taxes, median salaries, and how cities are initiating economic growth at the local, national, and global levels through renewable energy and fair tax policies.
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Economic Development
- 1. Economic Development Collaboratedby: Elise Fuller, London Lamar, Courtney McNeil, Wendy G. Santee, Robyn M. Taylor NY, NY Skyline
- 2. Introduction to theReport Looking at the Economic Impact of Urban America City Snap Shot– Arlington, Texas Medium size city- Moving Forward City Snap Shot– Chicago, Illinois The Windy City City Snap Shot– New York, New York The Big Apple City Snap Shot– New Orleans, Louisiana The Big Easy City Snap Shot– Philadelphia, Pennsylvania City of Brotherly Love- First Class City Collaboration of Cities– Summary The Future of Economic Growth and Revitalization First Second Third Fourth Fifth Sixth New Orleans Skyline
- 3. The Process ofEconomic Development Overview of Policy Area What and why do cities need Economic Development (ED)? Local Economic Development is a process for achieving and maintaining the economic growth. Development Specialist, Robert Weaver articulates it as the “haves and the have not's” The “Haves” see Economic Development as a tool for: The “Have Not's” see Economic Development as: Managing Growth Initiate Programs; that encourages growth Economic Expansion Declining or Stagnant Population Residential Expansion Declining Tax Base *Adapted from Managing Urban America By: Robert E, England, John P. Pelissero, David R. Morgan
- 4. City Snapshot –138 Year Old City Arlington, Texas • Medium Size City • Council-Manager Government Model • Rebranding of an American City- • Attracting new economical entities • Entertainment Capital of Texas • Top Revenue • Taxes • Tourism Population 374,000 City Mayor Robert Cluck 8 Council Members Founded 1876 • Public campaign to draw awareness to quality life for all citizens and the holistic approach to investing in environmental and economical.
- 5. City Snapshot-181 YearOld City Chicago, IL • Large City Model over 2 Million Residents • Mayor Council Government Model • Continuing to cut spending and Reforming to fix 265 Million budget deficit Key investments • Free Pre-K for Low Income 4 year old • After school programs and development of Adolescent jobs Population 2.719,000 City Mayor Rham Emanuel 50 Wards Founded 1833 Improving neighborhood services with cleaning blight/graffiti and increasing police patrol by bikes in community better police and citizen engagement.
- 6. City Snapshot-390 YearOld City Population New York, New York • Large City Model over 8 Million Residents • Mayor Council Government Model • START UP NY is an initiative to create tax free 8,405,837 City Mayor Bill de Blasio 51 Council Members communities for new and expanding businesses on SUNY businesses will be able to locate to certain zones and operate 100% tax free Keeps Citizens informed 311 Founded No City Manager-City Council 1624 Trifurcated Process: Policies for allocation, developmental and redistributive.
- 7. City Snapshot-296 YearOld City New Orleans, LA • Large American City • Mayor Council Government Model • Restoring City Infrastructure • Public Safety • Quality Jobs • Restoring Healthcare • Balance budget since 2010 • Fixing blighted areas Population 343,829 City Mayor Mitchell Landrieu Council 5/ 2 Members at Large Founded 1718
- 8. City Snapshot-332 YearOld City Philadelphia, Pennsylvania • First Class City • Mayor Council Government Model • Mayor has Broad Power/Strong Mayor • Increasing public safety funding • Increasing EMS Staff • Preserving Historical sites • Fortune 500 Companies • Old historical sites with new modern sites • Economic Center for culture, arts, culinary Population 1,553,165 City Mayor Michael Nutter 6 Council Members Founded 1682
- 9. City Snapshot-Collaboration ofCities While the new Urbanism Model is using transparency of the government to work with the communities. It is also seen through the research that all communities are looking at using renewable energies. Which is creating new jobs and growth opportunities to our city landscapes. It is also shown that most cities show an decrease in Federal grants. Programs such as Arlington, TX Chapter 380 or New Yorks, SUNY Program or Phillys Aviation fund are unique to their cities needs and growth.
- 10. Research Methods StrategicPerformance Management in Local Governments PERFORMANCE MANAGEMENT Performance measurement is a tool that is based on outcomes that are linked to the agency or The departments mission. QUESTIONS TO ASKS • Looking at Economic Development in the five cities which programs are available to help sustainable organizations develop local economies? • To achieve success in measurement what standards should be looked at and earmarked? Philadelphia, PA Skyline
- 11. Research Methods StrategicPerformance Management in Local Governments Is…. Is Not… Driven by Results driven by processes Focused on Citizens Bureaucracy Celebrates Value Achieved Hindering Accountability Forward thinking Not reactive Philadelphia, PA Skyline PERFORMANCE MANAGEMENT
- 12. Challenges in Doingthe Report Five City Challenge Political Challenges Competing ideologies, values and goals Changes in leadership Lack of interagency coordination Different Leadership Unifying findings to develop strategic framework. Arlington, Texas Chicago, IL New Orleans, LA New York, NY Philadelphia, PA
- 13. Key Findings EconomicDevelopment • All cities are becoming less dependent on Federal Monies. • All cities are developing sustainable economies and looking at the big Global Market. Arlington/Dallas Texas Skyline
- 14. Analysis of EconomicDevelopment
- 15. Integrated Municipal FinancialSystem Adapted from Managing Urban America, Morgan, et, al. Goals and Objectives Review Community Needs Review Past Performance Establish Priorities Budgeting Multiyear Plan Revenue forecasting Budget preparation and Adoption Integrated Financial Evaluating Financial audits Performance Audits Program Evaluation Reporting and Monitoring Compare Planned vs. Actual Spending Monitor department performance Take Corrective action Planning and Information Systems joins Financial Accounting, Program Accounting and Management Analysis
- 16. Taxes in the5 Cities Where does Revenue come from? Revenue Sources come from a variety of taxes. Below is a list of taxes comparing the cities taxes with other revenue baring taxes within the State. Cities receive funds from two major sources revenues and intergovernmental funds. Geographic Region Corporate Tax Sales Tax Income Tax Property Tax Per Capita Arlington, TX 0% 6% 0% $1305.00 Chicago, IL 9.5% 6.25% 5% $1881.00 New York, NY 7.1% 4% 8.82% $2335.00 New Orleans, LA 8% 4% 6% $776.00 Philadelphia, PA 9.9% 6% 3.07% $1305.00
- 17. Revenue and Expenses Comparative Analysis Incorporating the political process is seen by how much the city government spends on which programs. This is part of the motivations of the policy and the elected officials beliefs, values and attitudes. Below are the revenue and expenses for General Funds. Geographic Region Revenue Millions Expenses Millions % Over/(under) Arlington, TX 402,372,599 402,372,599 0% Chicago, IL 8.346 Billion 9.070 Billion (724 Million) New York, NY 69 Billion 69 Billion 0% New Orleans, LA 378,669,778 310,526,124 82% Philadelphia, PA 3,631,314,00 3,631,314,00 0%
- 18. Median Salaries ComparativeAnalysis Median Income is the core for American Families and households. Below is a list of the cities and the median income for that city. Geographic Region Median Salaries Arlington, TX $50,704.00 Chicago, IL $55,137.00 New York, NY $56,448.00 New Orleans, LA $42,944.00 Philadelphia, PA $51,230.00
- 19. Economic Development OurCities are Moving America Forward • Local Communities • Sustainable Economic Development • Developing workforce that is ready to compete on a local • Our cities are Initiating fair tax policies. National Communities At a national level our cities are thinking Green and implementing renewable energies in their city plans. Therefore increasing jobs in these areas. • Global Communities • Working towards Financial Markets that are independent from Federal monies and can compete in the global market.
- 20. Resources (2014, November22). Retrieved November 24, 2014, from http://www.census.gov/prod/2013pubs/acsbr12-02.pdf (2014, November 21). Retrieved November 24, 2014, from http://taxfoundation.org (2014, November 23). Retrieved November 23, 2014, from http:/www.cityofchicago.org/content/dam/city/depts/obm/supp_in fo/ (2014, November 23). Retrieved November 23, 2014, 2015Budget/2015_OV_Book_final_web_10-30.pdf (2014, November 21). Retrieved November 23, 2014 http://www.nyc.gov/html/dof/html/property/property_b (2014, November 23). Retrieved November 23, 2014http:// www.empire.state.ny.us ill_calculate.shtm
- 21. Resources- Page 2 (2014, November 24). Retrieved November 23, 2014 http://taxfoundation.org/state-tax-climate/pennsylvania (2014, November 23). Retrieved November 23, 2014 http://nolaassessor.com/est.php (2014, November 22). Retrieved November 23, 2014 http://www.budget.ny.gov/pubs/archive/fy1314archive/ eBudget1314/capitalPlan/CapPlan.pdf (2014, November 22). Retrieved November 23, 2014 http://www.budget.tx.gov (2014, November 23). Retrieved November 23, 2014http:// www.cityofchicago.org/content/dam/city/depts/obm/ supp_info/2013%20Budget/2013Overview.pdf