In the past, strategic investments in our nation's transportation infrastructure—the railroads in the 19th century, the interstates in the 20th—turbocharged growth and transformed the country. But more recently, America's transportation infrastructure has not kept pace with the growth and evolution of its economy. At the precise time when the nation desperately needs to prioritize its limited investments and resources, the federal transportation program has lost focus.
For most Americans, California evokes coastal images, the sunny beaches of south or the spectacular urban vistas of San Francisco Bay. Yet within California itself, the state's focus is shifting increasingly beyond the narrow strip of land between the coast- line and its first line of mountain ranges.
The evidence is clear. On the whole, America's central cities are coming back. Employment is up, populations are growing, and many urban real estate markets are hotter than ever, with increasing numbers of young people, empty-nesters, and others choosing city life over the suburbs.
Topic:
Development, Economics, Globalization, and Government
While many developers and investors intuitively believe in the potential for profitable returns in American cities, there is a lack of visibility into what works and what does not work in urban markets. This week the Urban Markets Initiative at the Brookings Institution honors Urban Market Pathfinders who have demonstrated excellence capturing market potential by investing in communities.
Topic:
Civil Society, Demographics, Development, and Markets
Royce Hanson, Hal Wolman, David Connolly, and Katherine Pearson
Publication Date:
09-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Business-led civic organizations have historically played an important role in urban policymaking, planning, and renewal. These elite organizations of CEOs of the area's largest employers could quickly mobilize their members' personal devotion to the community, their deal making talent, and their ability to commit corporate financial resources to their city's emerging needs.
Topic:
Development, Economics, Emerging Markets, and Industrial Policy
A key component of the struggle for prosperity in American metropolitan areas is development patterns, which define everything from density to the socioeconomic make up of residents. Development patterns are partly a consequence of decisions by local governments—often with very little coordination, oversight, or even guidance from state or regional entities—about the physical character of new growth. Among the most important of these decisions is how to regulate land; a prerogative that local governments guard jealously.
While some neighborhoods in American cities are resurgent, many others remain stubbornly entrenched in a cycle of underinvestment. A contributing factor is that—despite thriving immigrant populations, high volumes of cash transactions, and relatively stable housing markets—these neighborhoods are victims of an urban information gap which undervalues their commercial potential. The importance of good information for private and public investments is widely acknowledged, but fragmented funding, lack of standards, and spotty data has impeded either effective or universal use of these tools. This paper sets forth seven steps for practitioners and investors to follow in investing in local community information initiatives and, in turn, close the urban information gap and accelerate investment in these markets.
In late 2004 and the first half of 2005, the US media elite caught the mobility bug. Within weeks of one another, three newspapers of national record – The New York Times, The Wall Street Journal , and the Los Angeles Times – each independently published a series of articles describing, by various measures, whether and how Americans are 'getting ahead' today. Collectively, the articles offered a re-examination of a powerful narrative in the United States: that of a classless society, with boundless opportunity awaiting those who choose to seize it.
Topic:
Civil Society and Development
Political Geography:
United States, United Kingdom, America, and Europe
One of the more encouraging metropolitan policy trends over the last several years is the increased attention on America's older, inner-ring, “first” suburbs. Beginning generally with Myron Orfield's Metropolitics in 1997, a slow but steady stream of research has started to shine a bright light on these places and begun to establish the notion that first suburbs have their own unique set of characteristics and challenges that set them apart from the rest of metropolitan America. Since then first suburbs in a few regions have assumed a small, but significant, role in advancing research and policy discussions about metropolitan growth and development.
The Earned Income Tax Credit (EITC), the nation's largest antipoverty program for working families, plays an important role in the economic life of America's low- income households and communities. It increases the ability of workers in lower paying jobs to support themselves and their families. It represents a large inflow of resources into local economies. It magnifies the importance of the annual tax filing process. The federal EITC turned 30 years old in 2005. During the past 20 years, many states and localities have enacted versions of the federal credit to benefit their own residents. Meanwhile, a new generation of local leaders has emerged to publicize the availability of the EITC and related tax credits for lower-income families and neighborhoods, and to argue for progressive federal tax policies.