Economy

A broad category of content focused on economic-related topics in cities.

Examples: jobs, finance, public-private partnerships, business management, inequality/poverty, budgeting, micro/macroeconomics

Building a Circular Economy in Charlotte

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.

How Public Procurement Can Help Build the Circular Economy

The circular economy is currently regarded as a systemic solution to key sustainability issues we are facing as a society. It is embraced by companies, governments and citizens as it has the potential to protect the environment while creating jobs, business growth...

5 Things to Remember When Building a Smart City Business Case

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.

Talent Crisis in the Public Sector

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.

Economic Inclusion is the Key to Detroit’s Revitalization

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.

9 Major Opportunities for Electric Buses & Trucks

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.

If Addressing Inequalities is the Target, Are Cities the Bullseye?

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.

The Case for Innovative Climate Finance

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.

How Homeownership Builds Individual and Community Wealth

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.

Fostering Innovation & Learning with the Teaching City

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.

7 Strategies for Cities to Maximize Benefits of Community Solar

For cities, community solar is a way to vastly increase the amount of locally generated renewable energy, along with associated benefits of local jobs, property tax revenue, and local community investment. Other renewable energy strategies like purchasing Renewable Energy Credits (RECs), carbon trading and Virtual Power Purchase Agreements (VPPAs) may help cities meet their goals, but won’t drive investment and transition within communities or give cities a tool to address energy costs for low-income residents.

Financing Resilience: How Environmental Impact Bonds Can Help Louisiana

Through EDF’s long history of working in Louisiana to protect and restore land and habitat, we saw that financing coastal resilience projects would be a key challenge for Louisiana. With climate change, other states and communities are also struggling to find funding that would allow them to adapt to rapidly changing coastal conditions. With this realization, EDF’s team partnered with Quantified Ventures, an impact investing consulting firm, to explore a key question: can innovative financing through an Environmental Impact Bond help bring much-needed capital to restoration or other coastal resilience projects, and quickly?