A core principle at Fourth Economy is that economic development works best when it works at the intersection of environmental, social, and economic issues—a concept referred to as sustainable or triple bottom line economic development. A recent article published in Economic Development Quarterly by one of our Fourth Economy Pioneers gives some background into this concept.
Janet Hammer of The Collaboratory, the lead author of this research, notes that while traditional economic development delivers programs, policies, or activities designed to create or retain jobs and wealth, sustainable economic development does so in ways that also contribute to environmental, social, and economic well-being over time. This triple bottom line approach recognizes that economic development both influences and is influenced by a spectrum of factors like quality of life, fiscal health, resource stewardship, and resilience. Continue reading “Pioneering a New Approach to Economic Development”
By Joanna Nadeau, Director of Community Programs
For better or worse, many towns and cities are experiencing new economic realities. Around the country, communities that historically depended on manufacturing or farming for jobs are suffering, as those sectors continue a long term decline. Fourth Economy and Audubon International have a shared interest in assisting cities and local governments in addressing the challenges they face through sustainable solutions.
To be sustainable, a local economy must be two things: 1) diverse—that is, based on a wide range of profitable sectors—and 2) making the most of natural assets while protecting them for the future. Continue reading “New Economic Realities for Communities Mean New (and More Sustainable) Approaches”
By Dave Feehan
President, Civitas Consultants LLC
Since 1990, Business Improvement Districts or BIDs, as they are commonly known, have become the most effective and accepted method for funding downtown and business district organizations.
For many decades, merchant associations and voluntary downtown councils played the role of business district manager and advocate; but the decline in downtown retail, the shift to national chain stores, and the acquisition of local headquarter firms by national and international conglomerates made these downtown management models difficult to sustain. Continue reading “Business Improvement Districts – Not Just for Big City Downtowns”
The Environmental Design Research Association (EDRA), in partnership with Project for Public Spaces (PPS), has recognized evolveEA’s work in Upper Lawrenceville, also known as Pittsburgh’s 10th Ward, with a Great Places Award. The Upper Lawrenceville Targeted Development Strategy was developed through a series of charrettes led by evolveEA in which they helped the community craft a neighborhood identity and a series of principles guiding future development to achieve the community’s long-term livability goals. The principles built upon the existing physical and cultural legacy of Upper Lawrenceville but also were aspirational, seeding a vision for a future yet to come focused on economic, cultural and environmental issues.
The following guest post is provided by Thomas P. Miller and Associates, a national workforce development consulting firm and partner with Fourth Economy Consulting on numerous projects to align workforce and economic development.
The Workforce Innovation and Opportunity Act, or WIOA, was passed in July 2014 to reauthorize Congress to fund federal workforce and job training programs from 2015-2020. It is the first major workforce development legislation in over 15 years and replaces the Workforce Investment Act of 1998, or WIA.
Through WIOA, the U.S. Department of Labor is focusing its efforts on better aligning federal funding with the in-demand skills required by business and industry. States are required to identify workforce/economic development regions and coordinate planning efforts and service delivery strategies. Continue reading “WIA to WIOA – What It Means for Economic Developers”
Although governments have been reluctant to resort to New Deal-style direct job creation, agencies at all levels are seeking ways to accelerate the current economic recovery. One of the most reliable formulas researchers have identified for private-sector growth has been the regional innovation cluster model. Regions build upon their existing university programs, industrial capacity and technology strengths to develop a competitive advantage that promotes export-driven growth with high-value jobs. Some regional planners proudly report that their innovation clusters provide “5% of the companies, 10% of the jobs and 20% of the payroll.” Continue reading “Eds, Meds & Feds: The Innovation Economy in the DC Metro Region”
Although our calendars tell us that the official end of summer is still a few weeks away, for many of us, the symbolic end of summer comes when the school bells ring. The days get shorter…bedtimes come earlier…and social media users go into overdrive posting mobile uploads of children waiting for yellow busses. As a community planner, I’m always fascinated by the changes that occur in our communities when schools go back in session. Empty street corners become social hot spots at 7:15 a.m. Sidewalks connecting homes to classrooms get more use. Community parks empty in the daytime and football fields fill on Friday nights. Continue reading “Back to School: The Institution of Town”
Over the past few decades we’ve seen an explosion of research and work in the science and art of placemaking. The importance of design, public space and public art is being broadly appreciated and implemented in communities around the world, often with stunning results. But in today’s world of social networking, mobile devices and nearly ubiquitous internet connectivity, are solely physical placemaking activities enough?
People look online first for everything these days, and communities are no exception. While it’s definitely vital for your community to have a welcoming, unique and livable physical presence, what is your community’s online presence like? Is it as fresh and lively as the new public square that was just finished, or is it a mish-mash of outdated websites, incorrect business listings and forum posts from 2003? Continue reading “Digital Placemaking: The New Frontier of Community Development”
Living Buildings as Regional Hubs for Sustainable Redevelopment
Imagine buildings that are able to produce all of the energy they need using renewable sources such as wind or solar, that capture and treat all of the water needed for building occupants and systems, eliminating the need for water or sewage treatment infrastructure. Mounting evidence suggests that buildings of the future must look like this to secure a sustainable future. The Living Building Challenge (LBC) is leading the charge by requiring these attributes of projects that are seeking its prominent certification. And as cities and towns transition to green building and sustainable living, we look to Living Buildings for inspiration. Continue reading “Cities Coming to Life”
Urban farming is certainly an emerging trend across the country, and has been implicated as a means of addressing community problems like vacant and blighted land, food deserts, obesity and malnutrition, and food illiteracy. Individuals, community groups, and non-profits are snapping up unused parcels and quickly setting up small, productive agricultural plots. Clearly it has overall benefit for people, communities and the environment. But one has to ask, is this really the traditional community garden paradigm with a new catch phrase, or are there true substantive differences? Furthermore, what is the future of the trend that has been the darling of the environmental movement as of late? Let’s explore this.