Fortifying the urban wood economy in Baltimore and replicating success in other cities becomes easier with a national partner who is willing to buy wood from multiple locations and has a national level impact. One of the ways that we have begun scaling is through a partnership with Room & Board, a modern furniture and home decor retailer committed to sustainable practices and American craftsmanship. The company was intrigued by the story of the deconstructed wood and the social and environmental good it was enabling.
Access to capital is another critical component to scaling and replicating the urban wood economy. Our work has explored social impact investing through a partnership with Quantified Ventures. A popular form of social impact investing is called pay-for-success financing.
Post-industrial cities face a suite of interconnected problems. Reusing urban wood can be viewed as a systems solution to a complex problem – a means by which to begin to renew and revitalize lives and communities as well.
As the circular economy grows in Charlotte, our dependence on foreign imports would decrease and one area to benefit is local food production. From growing locally both traditionally and through aquaponics/hydroponics to the reuse of organic waste – this opportunity has the possibility of transforming the food culture in Charlotte to a more sustainable, healthy, and accessible system.
Emerging technologies provide cities with a unique opportunity to both improve efficiency and better meet citizen and resident expectations. Managing competing demands for resources requires an understanding of the affected stakeholders and the relative economic and social impacts.
When most municipal employees joined the workforce, Microsoft Windows 3 was state of the art; the early 1990s. Fast forward to approaching 2020s, and half the public sector will be retiring. City governments will struggle to respond to this “silver tsunami” and not just because of the sheer size of the brain drain. Government struggles to hire and retain younger workers. Why is that? Read on to find out how partnerships can close the culture gap.
Understanding the share of middle-class households in a city is the first step to evaluating the economic opportunity in that city. Middle-class households can determine tax base, education-spending, and the stability of its neighborhoods. Unfortunately, Detroit has the lowest share of middle-class households of the 50 largest cities in the country. More importantly, Detroit’s 25 percent middle-class share compares with the region’s share of 38 percent. It would require 33,800 new middle-class households to create parity with the region, and 27,700 of those households would need to African American for Detroit to grow equitably.
You may not hear much about electric trucks and buses, but they’re here and growing. We have to put the policies and actions in place now so that we can leverage the clean air and economic benefits of this technology to fight environmental injustice and give an economic boost to people most in need.
Opportunity exists to reverse structural inequalities and create inclusive societies. We are now presented an occasion to take decisive action and choose the kind of cities we want to see in the future. Short-term responses limited to reactionary planning are the symptom of current urban inequalities, and puts cities at risk of leaving many residents and communities left behind. In the long run, this impacts growth.
In order to get the estimated tens of trillions of dollars in investment into low-carbon solutions across electricity, energy, buildings, agriculture, transportation, and industrial practices needed in the coming decades to prevent runaway climate change, we must focus on economic opportunities that enable people to invest without having to be convinced of the ideology behind such solutions.
The importance of property ownership is older than our nation itself. And although (thankfully) owning property is no longer a requirement for voting, home ownership makes a difference to the lives and life outcomes of individuals and their families.
The world spends far more money on urban infrastructure than health care, and there are about four-times as many urban practitioners as health care providers, yet, up until last year, there was not a single teaching city. The City of Oshawa is hoping to start a new trend – similar to a teaching hospital. The City is now serving as a ‘teaching city,’ complete with urban interns and city-based research.