Growing A Sustainable Berks Economy

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Growing A Sustainable Berks Economy

  1. 1. Growing a Sustainable Berks Economy: Principles and Strategies Presented by Eron Lloyd
  2. 2. Conventional Agriculture ► Dry, cracked, spent soil ► Chemical fertilizers, pesticides ► Energy, water intensive ► Monoculture crops ► Monopoly & sprawling land ownership
  3. 3. Organic Agriculture ► Rich, composted, living soil ► Natural nutrient cycling and pest management ► Energy, water catchments ► Biointensive crops ► Cooperative & small scale land mgmt.
  4. 4. Conventional Economic Soil
  5. 5. Organic Economic Soil
  6. 6. “Feed the Soil to Grow the Plants”
  7. 7. An Exciting Announcement! ► A new plant coming ► 200 jobs ► Producing energy, water-intensive goods ► 10 years tax-free operation ► Importing 60% of workforce ► Modular facility for quick disassembly
  8. 8. An Exciting Announcement? ► What about existing companies? ► Maybe 50 jobs, IF workforce qualifes ► Who pays the taxes? Everyone else. ► Here today, gone tomorrow ► High resource use will lead to unproftability
  9. 9. Recovering from a “Lost Decade” ► This recession signals the end of the industrial era ► More jobs lost than created over last 10 years ► Could take longer to “recover”
  10. 10. Where Do We Go from Here? ? PAST PRESENT FUTURE
  11. 11. Expect Little Help from Harrisburg ► $3-5 Billion defcit expected ► Increasing number of distressed cities ► Solutions must come from the inside out & the ground up ► First step: dispel myths & adopt new strategies
  12. 12. Myth #1: Job Shortage ► Why is there a shortage of jobs? ► There is no shortage of work needed: ● Revitalization of social environment ● Rehabilitation of built environment ● Remediation of natural environment ► Work becomes jobs when money is paid
  13. 13. Myth #2: Money Shortage ► Money is a medium of exchange ► It’s created out of thin air to facilitate trade ► If there is work, there should be money to facilitate exchange
  14. 14. An Exercise in Exchange HOTEL IOU: $100 $100 $100 GROCER IOU: $100 IOU: $100 DOCTOR $100 $100 $100 $100 FARMER IOU: $100 MECHANIC IOU: $100 $100 $100 $100 $100
  15. 15. Key Principle: Economic Multipliers ► Each transaction (turnover) triggered economic activity ► One person’s credit paid another person’s debt ► All 5 transactions completed an economic “circuit” ► If the money never was withdrawn, it could circulate continuously ► Money (and credit) allows for the rapid facilitation of trade among diverse goods and services
  16. 16. Key Principle: Wealth Creation ► Each transaction triggered economic activity ► Economic activity contributes to collective wealth ► Each dollar of exchange can create thousands of dollars of wealth
  17. 17. The Strategies: Local and Green ► The now: revive the local economy ● Build the foundation for a rich economic soil mix ► The next: adapt into a green economy ● Begin growing frmly rooted and deep green businesses and jobs
  18. 18. Layers of Healthy Economic Soil ► Local Taxes ► Local Businesses ► Local Workforce ► Local Purchasing ► Local Production ► Local Reinvestment
  19. 19. Local Taxes ► Taxes penalize ► Phase out regressive, businesses, jobs, sales, anti-enterprise taxes tourism ► Phase in land taxes and ► A double penalty on eco-taxes the poor ► Provide hardship relief ► Stunts or kills measures investment activity ► Develop revenue ► Tax reform quickly sharing models “improves the soil”
  20. 20. Local Businesses ► Local businesses create ► Eliminate subsidies to most jobs Big Box projects ► Local businesses ► Provide incentives and receive least support rewards to local ► Too much attention businesses and resources to Big ► Encourage adoption of Box projects “B-Corp” model ► Higher “jobs per ► Covert underutilized dollars” ratio locations into low-cost ► Orchard vs Cornfeld incubators
  21. 21. Local Workforce ► A strong middle class = ► Provide educational economic backbone quality & equality ► PA has increasingly ► Safeguard well-being aging, low-skilled with afordable workforce healthcare ► Workforce quality ► Provide good jobs with essential for economy livable wages ► The “productive, living” ► Secure access to water, soil layer food, energy, housing, & transit
  22. 22. Local Purchasing ► Money is the “nutrient ► Maximize the stream” of economy multiplier efect ► Much of it exits region ► Establish local as quickly as it enters exchange initiatives ► Even poor areas have ► Establish “buying local” millions in purchasing programs power ► Give govt. purchasing ► Keep it recirculating, priority to local frms end the run-of efect ► Identify “leaks” in the economy & plug them
  23. 23. Local Production ► Producing locally ► Use leakage analyses to increases multipliers identify opportunities ► A strong business and ► Substitute imports workforce network can when possible make many things ► Form production ► Each imported good or clusters around services leaks money identifed industries ► Energy and transport ► Establish industry-led costs will drive prices training and investment programs
  24. 24. Local Reinvestment ► Investment capital is ► Move your money to a the infusion of water local bank or credit ► Money has an impact union even where it rests ► Create microloan and ► Is your money being revolving loan funds invested locally? ► Make business and job ► Or, is it in the hands of creation a priority Goldman Sachs? ► Provide incentives to attract local investments
  25. 25. Green Jobs Require Green Business ► Green collar jobs will be central part of new economy ► The top-down ARRA isn’t producing enough jobs, however ► Jobs must follow job training to be efective ► Even for green jobs, small business is still the key
  26. 26. Promoting the Triple Bottom Line ► The new economy factors in the “3 P’s” of sustainability ► Local businesses are best-suited for shifting to sustainability ► Once well-rooted in healthy soil, most will consider “greening” ► Progressives can cultivate this with economic policy
  27. 27. Sustaining Our Economy ► We HAVE the resources to: ● reform local taxes ● support local businesses ● employ local workers ● purchase local products ● produce local oferings ● invest local capital ► Go local, go green, or quite literally, go BUST
  28. 28. Stay Tuned! www.sustainableberks.org

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