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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.
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)
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 Professor specializing in economic development planning in the City and Regional Planning Program, College of Architecture, at Georgia Institute of Technology. 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. She is a member of the American lnstitute of Certified Planners. Leigh teaches, conducts research, and publishes in the areas of local economic development planning, urban and regional development, industrial restructuring, and brownfield redevelopment. 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, The Review of Black Political Economy, Growth and Change, The Journal of Urban Technology, Economic Development Review, Commentary, The Journal of Planning Education and Research, and the Journal of Planning Literature.
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