The Formula for Economic Growth on Main Street America

1st Edition

Gerald L. Gordon

Routledge
Published July 29, 2009
Reference - 186 Pages - 14 B/W Illustrations
ISBN 9781420093896 - CAT# AU3894
Series: ASPA Series in Public Administration and Public Policy

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Summary

The community that establishes and maintains a solid economic framework greatly improves its chances of sustaining itself through fluctuations in the economy. The question is, of course, how can city officials and administrators make this happen? The Formula for Economic Growth on Main Street America examines why economic growth during the late twentieth century was marked by the dramatic rise of some communities and the equally stunning demise of others. This book identifies the key components of sustained economic growth as well as the policies, actions, and inactions that are precursors to the decline of local economies.

Based on the author’s 25 years of experience as president of one of America’s foremost economic development agencies, and his involvement in assisting communities around the world, the book shows how to assess the needs of communities and details what is needed to put plans in place. Drawing on case studies, the book illustrates lessons learned and how they can be applied, including:

  • What steps elected and administrative officials can take to stabilize and enhance the growth of their cities
  • Why the growth of some communities within a single regional marketplace can dramatically outpace that of neighbors possessing similar locations and assets
  • How communities can establish programs that sustain economic growth and provide jobs—without raising taxes

As communities struggle to cope with diminished tax revenues, the idea of achieving sustainable growth without raising taxes seems too good to be true. Tapping into the same strategies that allowed Fairfax County, Virginia, to enjoy triple-digit job growth while reducing property taxes, Dr. Gerald Gordon provides the framework and strategies to weather most economic storms and chart a course toward sustainable economic development.

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