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Planning for Economic and Job Growth

Planning for Economic and Job Growth

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A January 21, 2012 presentation by Mary Kay Leonard of the
Initiative for a Competitive Inner City at Mayors Innovation Project Winter Meeting, Washington DC, 2012.
A January 21, 2012 presentation by Mary Kay Leonard of the
Initiative for a Competitive Inner City at Mayors Innovation Project Winter Meeting, Washington DC, 2012.

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Published by: Envision Adams Morgan on May 11, 2012
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11/13/2013

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Planning for Economic and Job Growth
 
Mayors Innovation ProjectWinter 2012 MeetingJanuary 21, 2012Mary Kay Leonard
Initiative for a Competitive Inner City
 
 AGENDA
Source: Porter/Stern/Delgado (2010), Porter (2003)
The Evolving Model for Urban Economic Development
Using Cluster Basted Approaches to Economic and Job Growth
Why Integrate Specific Strategies for Inner Cities
Copyright © 2011 ICIC
1
 
Define the Value Proposition
Every City Requires a Specific Economic DevelopmentStrategy
What is the
distinctive competitive position
ofthe geography given its location, legacy, existingstrengths, and potential strengths?
 –What unique value as a business location? –For what types of activities and clusters
?
Develop Unique StrengthsAchieve and MaintainParity with Peers
What
elements
 
of
 the 
business
 
environment
can be unique strengths relativeto peers/neighbors?
What
existing
 and 
emerging clusters 
represent local strengths?
What
weaknesses
must be addressed toremove key constraints and achieve paritywith peer locations?
Economic strategy requires
setting priorities 
and
moving beyond 
long lists ofseparate recommendations
Source: Porter “New Hampshire Competitiveness: Creating a State Economic Strategy” (August 2011)Copyright © 2011 ICIC
2

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