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Urban Economic Development Strategies
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Flashcards
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Urban Renewal Projects
Revitalizing deteriorated areas to attract businesses and residents.
Downtown Revitalization
Focusing resources on city centers to make them vibrant economic and social hubs.
Cultural and Creative Industries Promotion
Encouraging artistic and cultural businesses to boost tourism and local markets.
Foreign Direct Investment (FDI) Attraction
Drawing investments from foreign companies to create jobs and grow the local economy.
Digital Infrastructure Investments
Upgrading networks and services for high-speed internet to stimulate modern business growth.
Sustainable Tourism Development
Promoting environmentally responsible travel to boost the economy while preserving resources.
Public-Private Partnerships (PPP)
Collaborating between government and private sector to fund and develop projects.
Local Food Systems Development
Strengthening local food production and distribution networks to boost economies.
Cluster Development
Fostering concentrated groups of connected businesses to stimulate economic growth.
Innovation Hubs
Creating spaces where firms, universities, and research institutions can collaborate.
Anchor Institution Strategies
Leveraging major organizations like universities and hospitals to stimulate local economic development.
Green Urban Planning
Implementing sustainable practices to make cities more livable and economically vibrant.
Transportation Infrastructure Enhancement
Improving transportation options to increase connectivity and drive economic growth.
Quality of Life Improvements
Enhancing the living conditions to attract skilled workers and improve the economy.
Smart City Initiatives
Integrating technology to improve city functions and drive economic growth.
Affordable Housing Strategies
Ensuring a stock of affordable housing to support a diverse workforce and inclusive growth.
Workforce Development
Enhancing the skills of the local workforce to meet the needs of modern businesses.
Tax Increment Financing (TIF)
Using future gains in taxes to finance current improvements that will create those gains.
Incubators and Accelerators
Supporting early-stage companies through mentorship and resources to stimulate local entrepreneurship.
Economic Diversification
Reducing reliance on a single industry to create a more resilient economy.
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