The Metropolitan Revolution - LSE
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This document discusses the importance of metropolitan areas and strategies for economic development at the metropolitan level. It notes that the top 100 metropolitan areas account for 75% of US GDP and over half the population, concentrating national assets. Case studies are presented of metropolitan economic development plans in Portland, Denver, Northeast Ohio, Los Angeles, Houston and New York that focus on areas like exports, transportation infrastructure, manufacturing networks and innovation districts. The document outlines steps for other metropolitan areas to develop their own economic development strategies, including creating networks of stakeholders, setting a vision through metrics, and identifying a "game changer" project or intervention that could fundamentally alter the region's economic profile.
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The Metropolitan Revolution - LSE
- 1. @Bruce_Katz #MetroRev www.metrorevolution.org London School of Economics London, UK October 29, 2013
- 2. 1 A Pivotal Decade
- 3. More Jobs 8.3 million jobs needed post-recession Better Jobs 81 million poor or near poor in 2000 107 million poor or near poor in 2011
- 4. Next Economy Pre-Recession Economy INFRAS EXPORT S ADVANCED NG AL ACTURI ENERGY IT AP NUF C AN I M MA R&D HU NNO STEM OPPO VATI RTUN ON ITY TRUCT URE
- 5. “Something has gone terribly wrong when the biggest threat to our American economy is the American Congress.” Senator Joe Manchin III
- 6. knilnU cod srebmuN :ecruoS 2012 A Structural Change to the Federal Budget 57.4% mandatory 2023 61.6% mandatory spending spending 6.3% interest 36.3% discretionary spending 14.4% interest INFRASTRUCTURE EDUCATION HOUSING DEFENSE R&D 24.0% discretionary spending
- 7. knilnU knilnU cod srebmuN :ecruoS 2012 57.4% mandatory spending A Structural Change to the Federal Budget 2023 61.6% mandatory spending
- 8. knilnU knilnU cod srebmuN :ecruoS 2012 A Structural Change to the Federal Budget 2023 10.0% income security 5.9% income security 21.0% health care 28.0% health care 21.3% social security 23.8% social security
- 10. Top 100 Metros Share of US Totals 75% GDP 66% population 12% land area Source: Brookings Analysis of BEA, Census Data
- 11. knilnU knilnU knilnU knilnU knilnU knilnU Metros Concentrate National Assets Top 100 Metro Share of US Totals 66% Population 74% Bachelor’s Degrees 85% Foreign Born Population 90% 92% 92% Advanced Industry Employment Patents Airline Boardings cod srebmuN :ecruoS
- 12. DETROIT Innovation District PORTLAND Export Plan DENVER FasTracks NORTHEAST OHIO Manufacturing Network LOS ANGELES LA 30/10 HOUSTON Neighborhood Centers NEW YORK Applied Sciences
- 14. Watch on YouTube
- 15. PORTLAND Metropolitan Export Plan 24.4% export intensity $3.3 billion total export value 2x total exports in 2010 vs 2003
- 16. PORTLAND Metropolitan Export Plan CONGESTION AIR QUALITY HOUSING
- 17. Watch on YouTube
- 18. DETROIT Innovation District PORTLAND Export Plan DENVER FasTracks NORTHEAST OHIO Manufacturing Network LOS ANGELES LA 30/10 HOUSTON Neighborhood Centers NEW YORK Applied Sciences
- 19. Starting Your Own 3 Revolution
- 20. 1 Create Your Network Government Metropolitan Network
- 21. 1 Create Your Network NEW YORK Applied Sciences NORTHEAST OHIO Manufacturing Network DETROIT Innovation District
- 22. knilnU knilnU knilnU knilnU knilnU knilnU cod srebmuN :ecruoS 2 Set Your Vision METROPOLITAN ECONOMIC DASHBOARD Manufacturing Exports Human Capital Clean Economy
- 23. knilnU knilnU knilnU knilnU knilnU knilnU knilnU cod srebmuN :ecruoS 2 Set Your Vision NEW YORK PORTLAND Finance Jobs Export Intensity 24% 8% 18% DETROIT 13% United States New York Science & Engineering Jobs United States Portland Clean Economy 14% 7% 4% San Jose Boston New York 27,489 clean jobs 3% Businesses 37% 11% Jobs Land mass
- 24. 3 Find Your Game Changer Game Changer (n) ˈgām ˈchānjər A significant intervention that fundamentally alters your economic profile and/or performance.
- 25. 3 Find Your Game Changer NEW YORK Applied Sciences NORTHEAST OHIO Manufacturing Network DETROIT Innovation District Setting a new institutional platform for innovation Enable existing firms in manufacturing to innovate more Realize the potential of the new geography of innovation
- 26. Watch on YouTube
- 27. @Bruce_Katz #MetroRev www.metrorevolution.org London School of Economics London, UK October 29, 2013