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Economic Development Collaborated by: Elise Fuller, London Lamar, Courtney McNeil, Wendy G. Santee, Robyn M. Taylor NY, NY Skyline

Economic Development

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Page 1: Economic Development

Economic Development

Collaborated by: Elise Fuller, London Lamar,

Courtney McNeil, Wendy G. Santee,

Robyn M. TaylorNY, NY Skyline

Page 2: Economic Development

Introduction to the ReportLooking at the Economic Impact of Urban America

City Snap Shot– Arlington, TexasMedium size city- Moving Forward

City Snap Shot– Chicago, Illinois The Windy City

City Snap Shot– New Orleans, LouisianaThe Big Easy

City Snap Shot– Philadelphia, Pennsylvania City of Brotherly Love- First Class City

Collaboration of Cities– SummaryThe Future of Economic Growth and Revitalization

City Snap Shot– New York, New York The Big Apple

First

Second

Third

Fourth

Fifth

Sixth

New Orleans Skyline

Page 3: Economic Development

The Process of Economic DevelopmentOverview of Policy Area

What and why do cities need Economic Development (ED)?

Local Economic Development is a process for achieving and

maintaining the economic growth. Development Specialist,

Robert Weaver articulates it as the “haves and the have not's”

The “Haves” see

Economic Development

as a tool for:

The “Have Not's” see

Economic Development

as:

Managing Growth Initiate Programs; that

encourages growth

Economic Expansion Declining or Stagnant

Population

Residential Expansion Declining Tax Base

*Adapted from Managing Urban America By: Robert E, England,

John P. Pelissero, David R. Morgan

Page 4: Economic Development

• Medium Size City

• Council-Manager Government Model

• Rebranding of an American City-

• Attracting new economical entities

• Entertainment Capital of Texas

• Top Revenue

• Taxes

• Tourism

• Public campaign to draw awareness to quality life for all

citizens and the holistic approach to investing in environmental

and economical.

Arlington, Texas

City Snapshot – 138 Year Old City

Population374,000

City Mayor Robert Cluck

8 Council Members

Founded 1876

Page 5: Economic Development

• Large City Model over 2 Million Residents

• Mayor Council Government Model

• Continuing to cut spending and Reforming

to fix 265 Million budget deficit

Key investments

• Free Pre-K for Low Income 4 year old

• After school programs and development of

Adolescent jobs

Improving neighborhood services with cleaning

blight/graffiti and increasing police patrol by bikes in

community better police and citizen engagement.

Chicago, IL

City Snapshot-181 Year Old City

Population2.719,000

City Mayor Rham Emanuel

50 Wards

Founded1833

Page 6: Economic Development

• Large City Model over 8 Million Residents

• Mayor Council Government Model

• START UP NY is an initiative to create tax free

communities for new and expanding

businesses on SUNY businesses will be able

to locate to certain zones and operate 100% tax free

Keeps Citizens informed 311

No City Manager-City Council

Trifurcated Process: Policies for allocation, developmental

and redistributive.

New York, New York

City Snapshot-390 Year Old City Population 8,405,837

City MayorBill de Blasio

51 Council

Members

Founded 1624

Page 7: Economic Development

• Large American City

• Mayor Council Government Model

• Restoring City Infrastructure

• Public Safety

• Quality Jobs

• Restoring Healthcare

• Balance budget since 2010

• Fixing blighted areas

New Orleans, LA

City Snapshot-296 Year Old City

Population343,829

City MayorMitchell Landrieu

Council 5/ 2 Members at Large

Founded1718

Page 8: Economic Development

• First Class City

• Mayor Council Government Model

• Mayor has Broad Power/Strong Mayor

• Increasing public safety funding

• Increasing EMS Staff

• Preserving Historical sites

• Fortune 500 Companies

• Old historical sites with new modern sites

• Economic Center for culture, arts, culinary

Philadelphia, Pennsylvania

City Snapshot-332 Year Old City

Population 1,553,165

City Mayor Michael Nutter

6 Council Members

Founded1682

Page 9: Economic Development

While the new Urbanism Model is using transparency of the government to work with the communities. It is also seen through the research that all communities are looking at using renewable energies. Which is creating new jobs and growth opportunities to our city landscapes.

It is also shown that most cities show an decrease in Federal grants. Programs such as Arlington, TX Chapter 380 or New Yorks, SUNY Program or Phillys Aviation fund are unique to their cities needs and growth.

City Snapshot-Collaboration of Cities

Page 10: Economic Development

PERFORMANCE MANAGEMENT

Performance

measurement is a

tool that is based

on outcomes

that are linked to

the agency or

The departments

mission.

• Looking at Economic

Development in the five cities

which programs are

available to help sustainable

organizations develop local economies?

• To achieve success in

measurement what

standards should be looked

at and earmarked?

QUESTIONS TO ASKS

Research MethodsStrategic Performance Management in Local Governments

Philadelphia, PA Skyline

Page 11: Economic Development

Is…. Is Not…

Driven by Results driven by

processes

Focused on

Citizens

Bureaucracy

Celebrates Value

Achieved

Hindering

Accountability

Forward thinking Not reactive

Research MethodsStrategic Performance Management in Local Governments

Philadelphia, PA Skyline

PERFORMANCE MANAGEMENT

Page 12: Economic Development

Challenges in Doing the ReportFive City Challenge

Political Challenges

Competing

ideologies, values

and goals

Changes in

leadership

Lack of interagency

coordination

Different Leadership

Unifying findings to

develop strategic

framework.

Arlington, Texas

Chicago, IL

New Orleans, LA

New York, NY

Philadelphia, PA

Page 13: Economic Development

• All cities are becoming less

dependent on Federal Monies.

• All cities are developing sustainable

economies and looking at the big

Global Market.

Key FindingsEconomic Development

Arlington/DallasTexas Skyline

Page 14: Economic Development

Analysis of Economic Development

Page 15: Economic Development

Integrated Municipal Financial SystemAdapted from Managing Urban America, Morgan, et, al.

Goals and Objectives

Review Community Needs

Review Past Performance

Establish Priorities

Budgeting

Multiyear Plan

Revenue forecasting

Budget preparation and Adoption

Integrated Financial Evaluating

Financial audits

Performance Audits

Program Evaluation

Reporting and Monitoring

Compare Planned vs. Actual Spending

Monitor department performance

Take Corrective action

Planning and

Information

Systems joins

Financial

Accounting,

Program

Accounting

and

Management

Analysis

Page 16: Economic Development

Revenue Sources come from a variety of taxes. Below is a list of taxes comparing the cities taxes with other revenue baring taxes within the State. Cities receive funds from two major sources revenues and intergovernmental funds.

Taxes in the 5 CitiesWhere does Revenue come from?

Geographic Region Corporate

Tax

Sales

Tax

Income

Tax

Property Tax

Per Capita

Arlington, TX 0% 6% 0% $1305.00

Chicago, IL 9.5% 6.25% 5% $1881.00

New York, NY 7.1% 4% 8.82% $2335.00

New Orleans, LA 8% 4% 6% $776.00

Philadelphia, PA 9.9% 6% 3.07% $1305.00

Page 17: Economic Development

Incorporating the political process is seen by how much the city government spends on which programs. This is part of the motivations of the policy and the elected officials beliefs, values and attitudes.

Below are the revenue and expenses for General Funds.

Revenue and ExpensesComparative Analysis

Geographic Region Revenue

Millions

Expenses

Millions

%

Over/(under)

Arlington, TX 402,372,599 402,372,599 0%

Chicago, IL 8.346 Billion 9.070 Billion (724 Million)

New York, NY 69 Billion 69 Billion 0%

New Orleans, LA 378,669,778 310,526,124 82%

Philadelphia, PA3,631,314,00

3,631,314,00 0%

Page 18: Economic Development

Median Income is the core for American Families and households. Below is a list of the cities and the median income for that city.

Median SalariesComparative Analysis

Geographic Region Median

Salaries

Arlington, TX $50,704.00

Chicago, IL $55,137.00

New York, NY $56,448.00

New Orleans, LA $42,944.00

Philadelphia, PA$51,230.00

Page 19: Economic Development

• Local Communities

• Sustainable Economic

Development

• Developing workforce

that is ready to

compete on a local

• Our cities are Initiating

fair tax policies.

National Communities

At a national level our cities

are thinking Green and

implementing renewable

energies in their city plans.

Therefore increasing jobs in

these areas.

• Global Communities

• Working towards

Financial Markets that

are independent from

Federal monies and

can compete in the

global market.

Economic DevelopmentOur Cities are Moving America Forward

Page 20: Economic Development

Resources

(2014, November 22). Retrieved November 24, 2014, from

http://www.census.gov/prod/2013pubs/acsbr12-02.pdf

(2014, November 21). Retrieved November 24, 2014, from

http://taxfoundation.org

(2014, November 23). Retrieved November 23, 2014, from

http:/www.cityofchicago.org/content/dam/city/depts/obm/supp_in

fo/

(2014, November 23). Retrieved November 23, 2014,

2015Budget/2015_OV_Book_final_web_10-30.pdf

(2014, November 21). Retrieved November 23, 2014

http://www.nyc.gov/html/dof/html/property/property_b

(2014, November 23). Retrieved November 23, 2014http://

www.empire.state.ny.us ill_calculate.shtm

Page 21: Economic Development

Resources- Page 2

(2014, November 24). Retrieved November 23, 2014

http://taxfoundation.org/state-tax-climate/pennsylvania

(2014, November 23). Retrieved November 23, 2014

http://nolaassessor.com/est.php

(2014, November 22). Retrieved November 23, 2014

http://www.budget.ny.gov/pubs/archive/fy1314archive/

eBudget1314/capitalPlan/CapPlan.pdf

(2014, November 22). Retrieved November 23, 2014

http://www.budget.tx.gov

(2014, November 23). Retrieved November 23, 2014http://

www.cityofchicago.org/content/dam/city/depts/obm/

supp_info/2013%20Budget/2013Overview.pdf