Pub Date : 2023-02-27DOI: 10.1177/08912424231159359
G. Jason Jolley
Rural versus urban. Red versus blue. New economy versus old economy. The conventional narrative—and too often corresponding reality—of the experience in the United States focuses on the divisions and differing opportunities and outcomes among different regions of the country. The Commonwealth of Virginia is a microcosm and reflection of such national differences. Northern Virginia is a robust economic engine with strong economic ties to the federal government, major universities, and a strong tech economy— including Amazon’s HQ2. Meanwhile, southwest Virginia has more in common with West Virginia and their other Appalachian neighbors: historic reliance on coal and agriculture, economic distress, and health disparities such as the opioid crisis—just to name a few of the myriad of challenges. While Blacksburg and Arlington are just 4 hours apart by car, the distance seems much greater in terms of culture, politics, and economic opportunity. In the face of these divisions, Dr. John Provo, director of Virginia Tech’s Center for Economic and Community Engagement (CECE), conceived the idea for the Vibrant Virginia initiative. Vibrant Virginia focuses on “equal and engaged partnerships among university faculty and communities for the purpose of imagining possibilities and co-creating solutions to economic and social challenges” (p. 4). This edited book, Vibrant Virginia, with contributed chapters by a host of Virginia Tech scholars and their community partners, was one outcome of the larger initiative to bridge the chasms that exist across the rural and urban continuum in Virginia. The book begins with an introduction to the Vibrant Virginia initiative and a preview of the four parts of the book and each corresponding chapter. Part I seeks to “unpack” urban and rural divisions in the state and explore the role of state policy in bridging the existing economic divisions. Part II focuses on strategies for “cultivating a vibrant and connected economy” across the urban–rural continuum, including a recasting of industry clusters to bridge the gap, entrepreneurial ecosystems development, higher education and workforce development, and broadband connectivity. Part III’s four chapters focus on the role of creative place making through arts, main streets, and scenic tourism. Part IV concludes the book with chapters on the role of health in ensuring vibrant communities through refugee and migrant support, public health and addiction, and rural air service. The diversity of authors in an edited volume such as this one lends each chapter a different style and geographic orientation. Some chapters offer more statewide, data-driven perspectives, while other chapters are more localized in focus and provide case study examples. The strength of such an approach allows the chapters to serve as stand-alone contributions for their respective focus areas. The corresponding weakness is that the reader must often deliberately consider how the case studies written by practitio
{"title":"Book Review: Vibrant Virginia: Engaging the commonwealth to expand economic vitality by Margaret Cowell and Sarah Lyon Hill, (eds)","authors":"G. Jason Jolley","doi":"10.1177/08912424231159359","DOIUrl":"https://doi.org/10.1177/08912424231159359","url":null,"abstract":"Rural versus urban. Red versus blue. New economy versus old economy. The conventional narrative—and too often corresponding reality—of the experience in the United States focuses on the divisions and differing opportunities and outcomes among different regions of the country. The Commonwealth of Virginia is a microcosm and reflection of such national differences. Northern Virginia is a robust economic engine with strong economic ties to the federal government, major universities, and a strong tech economy— including Amazon’s HQ2. Meanwhile, southwest Virginia has more in common with West Virginia and their other Appalachian neighbors: historic reliance on coal and agriculture, economic distress, and health disparities such as the opioid crisis—just to name a few of the myriad of challenges. While Blacksburg and Arlington are just 4 hours apart by car, the distance seems much greater in terms of culture, politics, and economic opportunity. In the face of these divisions, Dr. John Provo, director of Virginia Tech’s Center for Economic and Community Engagement (CECE), conceived the idea for the Vibrant Virginia initiative. Vibrant Virginia focuses on “equal and engaged partnerships among university faculty and communities for the purpose of imagining possibilities and co-creating solutions to economic and social challenges” (p. 4). This edited book, Vibrant Virginia, with contributed chapters by a host of Virginia Tech scholars and their community partners, was one outcome of the larger initiative to bridge the chasms that exist across the rural and urban continuum in Virginia. The book begins with an introduction to the Vibrant Virginia initiative and a preview of the four parts of the book and each corresponding chapter. Part I seeks to “unpack” urban and rural divisions in the state and explore the role of state policy in bridging the existing economic divisions. Part II focuses on strategies for “cultivating a vibrant and connected economy” across the urban–rural continuum, including a recasting of industry clusters to bridge the gap, entrepreneurial ecosystems development, higher education and workforce development, and broadband connectivity. Part III’s four chapters focus on the role of creative place making through arts, main streets, and scenic tourism. Part IV concludes the book with chapters on the role of health in ensuring vibrant communities through refugee and migrant support, public health and addiction, and rural air service. The diversity of authors in an edited volume such as this one lends each chapter a different style and geographic orientation. Some chapters offer more statewide, data-driven perspectives, while other chapters are more localized in focus and provide case study examples. The strength of such an approach allows the chapters to serve as stand-alone contributions for their respective focus areas. The corresponding weakness is that the reader must often deliberately consider how the case studies written by practitio","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"37 1","pages":"200 - 201"},"PeriodicalIF":1.5,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45473975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-27DOI: 10.1177/08912424231159046
Kiran Kang, Kyung-ho Lee
This study examines the impacts of collaboration and public participation on municipal growth in midsize U.S. municipalities. It specifically looks at the cases of land economic development projects across the nation and how local governments’ population and employment growth are associated with public participation and collaboration. This study employs two methods—a survey of planners and officials and GPT-3 semantic search. Using a survey of planners and elected officials, four individual variables (traditional public participation, online public participation, public service collaboration, and staff regional meetings) related to collaboration and public participation were employed. Additionally, a semantic search approach was used to understand the current trend of public participation methods in real land development cases. The findings show that informal collaboration pushes population and employment growth, but the value of citizen participation is more contentious.
{"title":"Collaboration and Public Participation for Municipal Growth in Land Economic Development Projects","authors":"Kiran Kang, Kyung-ho Lee","doi":"10.1177/08912424231159046","DOIUrl":"https://doi.org/10.1177/08912424231159046","url":null,"abstract":"This study examines the impacts of collaboration and public participation on municipal growth in midsize U.S. municipalities. It specifically looks at the cases of land economic development projects across the nation and how local governments’ population and employment growth are associated with public participation and collaboration. This study employs two methods—a survey of planners and officials and GPT-3 semantic search. Using a survey of planners and elected officials, four individual variables (traditional public participation, online public participation, public service collaboration, and staff regional meetings) related to collaboration and public participation were employed. Additionally, a semantic search approach was used to understand the current trend of public participation methods in real land development cases. The findings show that informal collaboration pushes population and employment growth, but the value of citizen participation is more contentious.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"37 1","pages":"170 - 182"},"PeriodicalIF":1.5,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43368686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-19DOI: 10.1177/08912424231155969
R. Florida, Todd Gabe
This paper examines the connection between measures of a U.S. metropolitan area's new urban crisis (i.e., unaffordable housing, economic inequality, and residential segregation) and its year-over-year employment change in the period immediately before and during the COVID-19 pandemic. Results show that measures of the new urban crisis did not generally have a statistically significant association with year-over-year employment change between January and September of 2020, which captures the period before COVID-19 and the beginning of the pandemic (e.g., shutdown). The severity of a region's economic segregation and inequality, however, are associated with higher rates of employment decline in the early recovery months of October to December of 2020. These findings suggest that places that rate worse for indicators of the new urban crisis were less able to recover from the negative economic shocks related to COVID-19.
{"title":"COVID-19, the New Urban Crisis, and Cities: How COVID-19 Compounds the Influence of Economic Segregation and Inequality on Metropolitan Economic Performance","authors":"R. Florida, Todd Gabe","doi":"10.1177/08912424231155969","DOIUrl":"https://doi.org/10.1177/08912424231155969","url":null,"abstract":"This paper examines the connection between measures of a U.S. metropolitan area's new urban crisis (i.e., unaffordable housing, economic inequality, and residential segregation) and its year-over-year employment change in the period immediately before and during the COVID-19 pandemic. Results show that measures of the new urban crisis did not generally have a statistically significant association with year-over-year employment change between January and September of 2020, which captures the period before COVID-19 and the beginning of the pandemic (e.g., shutdown). The severity of a region's economic segregation and inequality, however, are associated with higher rates of employment decline in the early recovery months of October to December of 2020. These findings suggest that places that rate worse for indicators of the new urban crisis were less able to recover from the negative economic shocks related to COVID-19.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41873430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-15DOI: 10.1177/08912424231155819
Nichola Lowe, Greg Schrock, Matthew D. Wilson, Rumana Rabbani, Allison Forbes
As the U.S. economy rebounds from the COVID-19 pandemic, strategies that promote long-term transformation toward quality jobs will be critical. This includes workplace-improving interventions that enable employers to upgrade existing jobs, often while enhancing their own competitive position. This article focuses on the U.S. Manufacturing Extension Partnership (MEP), a national network of federally funded centers that support small- and medium-sized manufacturing firms. The authors document the range of workforce- and workplace-enhancing strategies that MEP centers have adopted since the network's inception in the mid-1990s. While workforce development is unevenly implemented across today's MEP network, leading centers within it are devising transformative strategies that shape underlying business practices in ways that can improve the quality of frontline manufacturing jobs. The pandemic recovery, along with federal commitments to reenergize domestic supply chains, presents an opportunity to establish National Institute of Standards and Technology (NIST)-MEP as a national workforce development leader, while also strengthening localized institutional partnerships to center that effort on inclusive economic development and recovery.
{"title":"Centering Work: Integration and Diffusion of Workforce Development Within the U.S. Manufacturing Extension Network","authors":"Nichola Lowe, Greg Schrock, Matthew D. Wilson, Rumana Rabbani, Allison Forbes","doi":"10.1177/08912424231155819","DOIUrl":"https://doi.org/10.1177/08912424231155819","url":null,"abstract":"As the U.S. economy rebounds from the COVID-19 pandemic, strategies that promote long-term transformation toward quality jobs will be critical. This includes workplace-improving interventions that enable employers to upgrade existing jobs, often while enhancing their own competitive position. This article focuses on the U.S. Manufacturing Extension Partnership (MEP), a national network of federally funded centers that support small- and medium-sized manufacturing firms. The authors document the range of workforce- and workplace-enhancing strategies that MEP centers have adopted since the network's inception in the mid-1990s. While workforce development is unevenly implemented across today's MEP network, leading centers within it are devising transformative strategies that shape underlying business practices in ways that can improve the quality of frontline manufacturing jobs. The pandemic recovery, along with federal commitments to reenergize domestic supply chains, presents an opportunity to establish National Institute of Standards and Technology (NIST)-MEP as a national workforce development leader, while also strengthening localized institutional partnerships to center that effort on inclusive economic development and recovery.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135638735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-15DOI: 10.1177/08912424231156899
M. Cowell, Conaway Haskins, Shaheera Sayed
This research incorporates preliminary findings from a survey and case studies of economic development organizations (EDOs) in Virginia as these entities initiate their economic recovery planning processes in the post-COVID-19 pandemic era. The research seeks to understand the extent to which EDOs understand—and engage in conversations about—racial and economic inclusion in the context of economic recovery and to learn more about the strategies being deployed to promote inclusive recovery in the post-COVID era. Though some common characteristics were identified, the results demonstrate significant variation in both the extent to which inclusivity is prioritized and how it is conceived of in recovery planning efforts. The findings suggest that while many economic development organizations are signaling a commitment to inclusivity, albeit, in assorted ways, there remains a need for further dialogue about how inclusivity is defined and how it can best translate into actionable strategies.
{"title":"Understanding Economic Development Organization Efforts to Advance Inclusive Economic Recovery in Virginia","authors":"M. Cowell, Conaway Haskins, Shaheera Sayed","doi":"10.1177/08912424231156899","DOIUrl":"https://doi.org/10.1177/08912424231156899","url":null,"abstract":"This research incorporates preliminary findings from a survey and case studies of economic development organizations (EDOs) in Virginia as these entities initiate their economic recovery planning processes in the post-COVID-19 pandemic era. The research seeks to understand the extent to which EDOs understand—and engage in conversations about—racial and economic inclusion in the context of economic recovery and to learn more about the strategies being deployed to promote inclusive recovery in the post-COVID era. Though some common characteristics were identified, the results demonstrate significant variation in both the extent to which inclusivity is prioritized and how it is conceived of in recovery planning efforts. The findings suggest that while many economic development organizations are signaling a commitment to inclusivity, albeit, in assorted ways, there remains a need for further dialogue about how inclusivity is defined and how it can best translate into actionable strategies.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"37 1","pages":"154 - 169"},"PeriodicalIF":1.5,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42484255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-03DOI: 10.1177/08912424231152873
Kristopher Deming, S. Weiler
The Paycheck Protection Program was a highly unusual policy measure enacted to provide bridge capital to support small businesses coping with the dramatic downturn in demand due to the COVID-19 pandemic. By design, the program effectively required potential applicants to work through the bank with whom they had a relationship. Yet large swathes of the country are effectively banking deserts, which dramatically steepen the gradient for those regions’ businesses seeking Paycheck Protection Program support. This paper tests the proposition that the exogenous distribution of banks effectively discriminated against those regions where banking services were limited, while also looking at whether loans were distributed to those areas with less dense employment opportunities and higher concentrations of small businesses. The authors find that areas with fewer banking services and lower employment opportunities were systematically disadvantaged in the Paycheck Protection Program distribution, while there were no significant flows to areas with higher rates of small businesses.
{"title":"Banking Deserts and the Paycheck Protection Program","authors":"Kristopher Deming, S. Weiler","doi":"10.1177/08912424231152873","DOIUrl":"https://doi.org/10.1177/08912424231152873","url":null,"abstract":"The Paycheck Protection Program was a highly unusual policy measure enacted to provide bridge capital to support small businesses coping with the dramatic downturn in demand due to the COVID-19 pandemic. By design, the program effectively required potential applicants to work through the bank with whom they had a relationship. Yet large swathes of the country are effectively banking deserts, which dramatically steepen the gradient for those regions’ businesses seeking Paycheck Protection Program support. This paper tests the proposition that the exogenous distribution of banks effectively discriminated against those regions where banking services were limited, while also looking at whether loans were distributed to those areas with less dense employment opportunities and higher concentrations of small businesses. The authors find that areas with fewer banking services and lower employment opportunities were systematically disadvantaged in the Paycheck Protection Program distribution, while there were no significant flows to areas with higher rates of small businesses.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"37 1","pages":"259 - 276"},"PeriodicalIF":1.5,"publicationDate":"2023-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45421055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-02DOI: 10.1177/08912424221147013
Edward (Ned) Hill
Economic development (EcD) introduces new goods and services into a region's portfolio of traded products or expands the productive capabilities of existing members of a region's economic base. And EcD organizations are intermediaries that reduce risk and transaction costs by honestly representing their community and region to potential business investors. There are five closely related yet separate development practices. Four (community, workforce, housing, and commercial and industrial real estate development) create long-term regional EcD assets. While those assets are required for EcD to occur, they are insufficient to generate EcD outputs. Investments resulting in the production of goods and services are also necessary. EcD is a regional activity because the markets for three of the development practices are regional: labor, housing, and commercial and industrial real estate. Finally, EcD is both an art and a science. The art of EcD is connecting the dots that others cannot see. The science is getting deals done. Together they create investment momentum that builds optimism, generates trust, and mitigates risk.
{"title":"What Is Economic Development? And What Is the Job of an Economic Development Professional?","authors":"Edward (Ned) Hill","doi":"10.1177/08912424221147013","DOIUrl":"https://doi.org/10.1177/08912424221147013","url":null,"abstract":"Economic development (EcD) introduces new goods and services into a region's portfolio of traded products or expands the productive capabilities of existing members of a region's economic base. And EcD organizations are intermediaries that reduce risk and transaction costs by honestly representing their community and region to potential business investors. There are five closely related yet separate development practices. Four (community, workforce, housing, and commercial and industrial real estate development) create long-term regional EcD assets. While those assets are required for EcD to occur, they are insufficient to generate EcD outputs. Investments resulting in the production of goods and services are also necessary. EcD is a regional activity because the markets for three of the development practices are regional: labor, housing, and commercial and industrial real estate. Finally, EcD is both an art and a science. The art of EcD is connecting the dots that others cannot see. The science is getting deals done. Together they create investment momentum that builds optimism, generates trust, and mitigates risk.","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"37 1","pages":"34 - 48"},"PeriodicalIF":1.5,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65895139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"IMPACT OF COVID-19 ON THE PERFORMANCE OF BANKING SECTOR AND THE SET OF MEASURES UNDERTAKEN IN THE REPUBLIC OF NORTH MACEDONIA","authors":"A. Zafirova, Biljana Angelova","doi":"10.55302/ed23251-2037z","DOIUrl":"https://doi.org/10.55302/ed23251-2037z","url":null,"abstract":"","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"33 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75092302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"QUANTITATIVE ANALYSIS OF THE IMPACT OF THE FINANCIAL MARKET ON THE ECONOMIC GROWTH","authors":"Kiril Jovanovski, Darko Ilov, E. Naumovska","doi":"10.55302/ed23251-2147j","DOIUrl":"https://doi.org/10.55302/ed23251-2147j","url":null,"abstract":"","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"10 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88515409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.55302/ed23251-2088hnm
Katerina Hadzi Naumova-Mihajlovska
{"title":"GREEN BUSINESS PLAN: TOOL FOR ENTREPRENEURIAL VENTURE IN SUSTAINABLE BUSINESSES","authors":"Katerina Hadzi Naumova-Mihajlovska","doi":"10.55302/ed23251-2088hnm","DOIUrl":"https://doi.org/10.55302/ed23251-2088hnm","url":null,"abstract":"","PeriodicalId":47367,"journal":{"name":"Economic Development Quarterly","volume":"85 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78211959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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