This compelling book provides concrete examples and practical
guidelines for addressing the most serious economic challenge
facing the United States and every community in the nation: growing
good jobs and enabling people to function effectively in these
occupations. Each year, U.S. cities and states spend billions of
dollars on incentives intended to create jobs. Are the strategies
being implemented outdated? Is there a better way to create jobs?
Rather than focusing on individual aspects of economic development
such as entrepreneurship and start-up companies or workforce
development, this book provides a comprehensive systems perspective
for economic development that identifies how the new model of
economic development for America is both a top-down and a bottom-up
process that requires effective engagement with the community. The
book begins with a broad explanation of why economic development
strategy and practices need to change, and then discusses and
critiques current practices using the state of Maryland as a case
example. Two in-depth case studies at the city level follow,
detailing leading practices that support the proposed values-based
economic development model. The final section presents a framework
that policymakers can use to assess and improve their current
strategies and practices along with guidelines for implementing
these improvements to make them more efficient, effective, and
sustainable.
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