Planning Local Economic Development: Theory and Practice / Edition 4

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Overview

Since the appearance of the first edition in 1990, Planning Local Economic Development has been the foundation for an entire generation of practitioners and academics working in planning and policy development. Written by authors with years of academic, regional, and city planning experience, the book has been used widely in graduate economic development, urban studies, nonprofit management, and public administration courses.

Now thoroughly updated for the challenges of the 21st century and with new coverage of sustainability, the Fourth Edition explores the theories of local economic development while addressing the issues and opportunities faced by cities, towns, and local entities to craft their economic destinies within the global economy. Authors Edward J. Blakely and Nancey Green Leigh provide a thoroughly up-to-date exploration of planning processes, analytical techniques, and locality, business, and human resource development, as well as high technology and sustainable economic development strategies.

New to This Edition

  • Incorporates sustainability into the definition and practice of local economic development
  • Offers new case studies, illustrations, and exercises
  • Takes a fresh look at the state of the economic development profession
  • Addresses local economic development planning’s response to a climate-challenged world

Planning Local Economic Development, Fourth Edition, is ideal for graduate courses in Economic Development, Urban Studies, Nonprofit Management, Economics/Public Finance, and Public Administration. Economic development specialists in local and municipal government in the United States and internationally, as well as nonprofit organizations, will also find this an essential reference.

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Editorial Reviews

Booknews
Written for students studying to become professional practitioners of local economic development at the regional, agency, city, or county government or neighborhood levels, this text explores theories of local economic development and addresses the dilemmas communities face. Coverage includes planning processes, analytical techniques, business and human resource development, and high-technology economic development strategies. This third edition is updated to reflect the financial boom and collapse of the 1990s, the policies of the Clinton and George W. Bush administrations, and the aftermath of September 11. Blakely is affiliated with New School University. Bradshaw is affiliated with the University of California-Davis. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9781412960939
  • Publisher: SAGE Publications
  • Publication date: 7/16/2009
  • Edition description: Fourth Edition
  • Edition number: 4
  • Pages: 446
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.90 (d)

Meet the Author

Dr. Edward J. Blakely is Professor of Urban Policy in the United States Study Centre at the University of Sydney, Australia. He has held academic positions in teaching, research, academic administration, and economic development policy for more than 30 years, including Dean of the Robert J. Milano Graduate School of Management and Urban Policy and Dean of the University of Southern California School of Policy, Planning, and Development. He is a leading scholar and practitioner in the fields of planning and local economic development. Dr. Blakely served as a policy adviser to the mayor of Oakland and adviser to the Los Angeles Public School District. He was appointed by President Clinton as Vice Chair of the Presidio Trust, where he played a key role in the development of the former army base into a profitable civic facility. He has served on the Board of Directors of the American Planning Association, the Nature Conservancy, and Fulbright Association. In January 2007, Dr. Blakely was appointed by the Mayor of New Orleans to head the recovery effort following the devastation of Hurricane Katrina.

Nancey Green Leigh is a Professor and Ph D Program Director in the School of City and Regional Planning Program at the Georgia Institute of Technology. She is a Fellow of the American lnstitute of Certified Planners and Co-Editor of the Journal of Planning Education and Research. Leigh teaches, conducts research, and publishes in the areas of local economic development planning, urban and regional development, brownfield redevelopment, and sustainable urban industrial systems.She is the author of Stemming Middle Class Decline: The Challenge to Economic Development Planning, and coauthor (with Joan Fitzgerald) of Economic Revitalization: Cases and Strategies for City and Suburb. Some of the journals she has published in are Economic Development Quarterly, Journal of Planning Education and Research, Journal of the American Planning Association, Journal of Industrial Ecology, International Regional Science Review, Journal of Resource Conservation and Recycling, Growth and Change, Journal of Urban Technology, IEDC Economic Development Journal, and the Journal of Planning Literature. She obtained her B.A. in urban studies and a master's in regional planning from the University of North Carolina at Chapel Hill, and a master's in economics and a Ph.D. in city and regional planning from the University of California at Berkeley. She is a former Woodrow Wilson Fellow and Regents Fellow of the University of California at Berkeley and past Vice President of the Association of The Collegiate Schools of Planning.

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Table of Contents

Preface
Overview
Chapter 1: The Enduring Argument for Local Economic Development Planning
Local Economic Development Planning in the Face of Globalization
The Influence of Outsourcing and Insourcing
People and Places Left Out of the New Economy
The Future of Local Economic Development Planning
Chapter 2: The Influence of National and State Policies Influence on Local Economic Development
Three Approaches to National Economic Policy
Monetary and Tax Policy
Trade Policy
Welfare to Workfare Policy
Health Care Policy
Employment Policy
National Policy Targeting Local Economic Development
Coordination of Local and National Development Efforts
State Economic Development Approaches
Challenges and Opportunities Inherent in Economic Development Policy Making
Conclusion
Appendix
Chapter 3: Concepts and Theory of Local Economic Development
Defining Local Economic Development
Theories of Growth and Development
Translating Theory Into Practice
Theories, Models, and Fads in Local Economic Development Planning
The Continued Evolution of Economic Development Theory Into Local Practice
Conclusion
Chapter 4: The Local Economic Development Profession and Professionals
The Role of The Economic Development Practitioner
The Community
The Organization
The Task Functions
The Clients
The Professional Roles
Economic Development Careers
Conclusion
Chapter 5: The Local Economic Development Planning Process
Preliminary Tasks of Local Economic Development Planning
The Six Phases of Planning
Managing Planning Resources in the Community
Selecting a Local Economic Development Role
Typology of Planning Approaches
Features of Local Economic Development Planning
Conclusion
Putting It All Together: Creating a Local Economic Development Strategy (Part I)
Chapter 6: Introduction to Analytical Methods for Local Economic Development Planning
Information and Analytical Requirements for Local Economic Development Planning
Understanding an Economy's Strengths and Weaknesses
The Economic Profile
Building on Comparisons
Gathering Available Descriptive Data
Examining Analytical Techniques
Principles of Economic Projections
Conclusion
Putting It All Together: Creating a Local Economic Development Strategy (Part II)
Chapter 7: Local Economic Development Strategy
The Goals of Local Economic Development
Prerequisites for Successful Strategy Formulation
Selecting Strategic Options
Economic Development Plans Within the Context of Comprehensive Plans
Common Traps in Strategy Formulation
Assembling the Elements of a Strategy
Projects From Strategies
Plan Financing and Implementation
Conclusion
Chapter 8: Locality Development
Landbanking and Community Land Trusts
Physical Infrastructure Development on Industrial and Commercial Land
Speculative Buildings
Zoning Regulations
Business Improvement Districts
Regulatory Improvement Through Simplification
Townscaping
Shopsteading
Housing and Neighborhood Improvement
Household Services
Community Services
Conclusion
Chapter 9: Business Development
Creating a Good Business Climate
Entrepreuneur Development and Economic Gardening
One-Stop Business Assistance Centers
Start-Up Venture Financing Companies and Development Banks
Small Business Development Centers
Micro-Enterprise
Women's Enterprises
Promotion and Tourism Programs
Research and Development
Enterprise Zones
The Use of Financial Incentives for Business Development
Conclusion
Chapter 10: Human Resource Development
Workforce Development
Realities of an Undertrained Workforce
Public Role in Workforce Development
Goals of Human Resource Programs
Matching Human Resource Programs and Economic Development Objectives
Education as the Foundation of Human Resource Development
Implementing a Human Resource Development Strategy
Conclusion
Chapter 11: Community Economic Development
Community Development Corporations
Community Cooperatives
Local Enterprise Agencies
Employee/Worker Ownership
Targeting and Marketing Neighborhood/Community Assets
Conclusion
Chapter 12: Building the Implementation Plan
Public-Private Partnerships
Marketing Community
Project Financing
Assessing Project Viability
Detailed Feasibility Studies
Developing Cash Flow Analysis
Case Study Pro Forma
Project Sustainability
Organizational Design
Monitoring and Evaluation
Conclusion
Chapter 13: Institutional Approaches for Local Economic Development
Organizational Requirements for Local Development
Public-Private Partnerships
The Economic Development Specialist
Institutional Approaches to Local Economic Development
A Typology of Development Organizations
Conclusion
Chapter 14: Local Economic Development Planning's Response to the Flatter and Climate Challenged World
Finding Solutions Through Technology and Innovation
The Technology Development Process
Fostering The High-Tech Base
Conclusion: The Future of Local Economic Development Planning
Index
About the Authors

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