Economic Development
Covering topics such as development incentives, business preservation, job creation and training and unemployment.
With the state facing its worst budget gap in two decades, everything from education and juvenile justice to transportation spending is on the line.
Over the past decade, Richmond, Va., has managed to cut its poverty rate by 36 percent. Many things broke right for the city, but a pair of mayors stuck with a longterm plan to make it happen.
California’s Democratic governor will also expand job training and credential programs to help more residents without degrees find work in the public sector.
Mayor Cherelle Parker has ordered city workers to show up at the office five days a week, leading more companies to follow suit. But hybrid work remains a new normal in many places.
Texas state Rep. Armando Martinez has been arguing for years that a law school would help the Rio Grande Valley economy and reduce brain drain. Local colleges are finally working on a plan.
A bill would allow more public employees to shift out of 401(k)-style plans into more traditional pensions, which could help with recruitment. But critics say costs are a reason the state has moved away from such plans for decades.
There’s a lot of talk in Harrisburg about reducing regulations, but much of the economic development effort still focuses on tax credits. Four different programs meant to draw businesses have little to no participants.
The city’s finances were already in poor shape but suffered a blow last month when voters rejected a $400 million-per-year sales tax hike.
In Connecticut, 40 percent say they’re either struggling or just getting by financially.
With a fifth of the nation’s office space sitting empty, cities from Atlanta and Seattle are easing or ending regulations to make conversions more affordable and therefore more likely.
The approach, mostly adopted in Central Florida municipalities, allows prosecutors to waive court sentences in exchange for homeless people getting treatment, housing and jobs.
A collaboration between a foundation and private-sector partners to build a successful streetcar system in Detroit demonstrates the potential for community growth and prosperity.
There are an estimated 1 million people in Louisiana that have the skills and experience to qualify for higher wage jobs, but are being restricted due to not having a college degree. But the state is working to eliminate unnecessary degree requirements.
The state’s 30th annual Measures of Growth Report found that Maine was performing well in environmental stewardship, Internet connectivity and transportation infrastructure, but needed to improve other areas to boost its economy.
The new law will guarantee small business employees 40 hours of paid sick leave and 56 hours per year for people working at businesses with more than 20 employees. But business owners are concerned about the financial burden of the new rule.
New consumer spending patterns fuel investment in entertainment venues.
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