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