Legacy regions, not legacy cities: Growth and decline in city-centered regional economies

Leuven, Andrew J. Van; Hill, Edward W.

doi:10.1080/07352166.2021.1990775

Cited by 1 publication

(2 citation statements)

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“…2. Andrew Van Leuven and I make a similar observation when we argue that the concept of legacy cities should be defined regionally (Van Leuven & Hill, 2021). We wrote that the "markets that help determine aggregate economic outcomes operate regionally, which is the geography within which people live and work, and do not match central city municipal boundaries.…”

Section: Notesmentioning

confidence: 87%

“…Community development anchors the building blocks of a vibrant economy and positions communities within the region's maze of housing and commercial and industrial real estate submarkets Rothenberg et al, 1991). When done well, community development can change the relative position of geographic nodes or submarkets within their overarching economic region (Van Leuven & Hill, 2021).…”

Section: What Are the Five Development Professions?mentioning

confidence: 99%

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What Is Economic Development? And What Is the Job of an Economic Development Professional?

Hill

2023

Economic Development Quarterly

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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.

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Section: Notesmentioning

confidence: 87%

Section: What Are the Five Development Professions?mentioning

confidence: 99%