Increasing the Economic Impact of Trails

Economic-Impact-Trails

Across the country, communities are beginning to understand the economic value of developing trails. Though trail advocates and economic development organizations still often speak different languages, they are beginning to speak a shared language of talent attraction, tourism, and business development.

Different types of trails offer different economic opportunities. Continue reading “Increasing the Economic Impact of Trails”

Survey: Environmental Factors and Site Selection

Air-Quality-SurveyWe are asking corporate real estate managers, location consultants and economic developers to identify how air quality affects location decisions.

 

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As an incentive, all respondents completing this short survey will have an opportunity to win a $200 prepaid Visa card. All respondents will also have access to the final results.

We appreciate you taking 10-15 minutes to complete the survey by Monday, October 17, 2015. Results will be used in summary form only in order to protect confidentiality. Continue reading “Survey: Environmental Factors and Site Selection”

Sustainable Communities in the Fourth Economy

Integrated-Economic-DevelopmentEconomic development has traditionally been a tool for relatively well-off communities to improve their lot by attracting new jobs and increasing their tax base. Relatively well-off, that is, compared to low-income communities of color, and in particular, urban communities. For them, community development has been the primarily tool, working primarily through real estate development and social service programs. However, it turns out that real estate and social service programs have not sufficiently improved the lot of many of the poorest neighborhoods. In fact, one in six Americans now lives in poverty, the highest in half a century. Furthermore, it turns out that all communities, regardless of class or color, need more than just jobs. Therefore, at Fourth Economy, we are interested in continually pushing for a more integrated approach to community and economic development. Continue reading “Sustainable Communities in the Fourth Economy”

Do Markets Define the Place or Can a Place Define the Market?

The Fourth Economy team has been fortunate to have had many project experiences in our first two-years of life. When asked what has been the most notable observation or question that I can take away from our work thus far, it is this – Do markets define a “place” or can a “place” define the market? Throughout our national travels and work locally within the Pittsburgh region, it is clear that many second and third class cities across the country are increasingly realizing new and financially viable mixed-use development and higher density housing projects. Continue reading “Do Markets Define the Place or Can a Place Define the Market?”

Revisiting Carrie Furnace

I have been working on market analysis for the redevelopment of the Carrie Furnace site along the Monongahela River.  For those of you not from Pittsburgh, that is one of the Three Rivers.  One of the rewarding aspects of this work has been the fact that for the first time in my professional life there is good economic news in the region that you doesn’t require rose colored glasses.  In my opinion, Pittsburgh has been steadily improving since at least 1990, but for much of that time you had to overlook our population loss or cover one eye to look only at job gains in technology and ignore job losses in other sectors or entire communities. Continue reading “Revisiting Carrie Furnace”