Economic Development For A Defined Area

Making sure that there are enough jobs in the region to sustain the needs of urban growth in a growing population.

Lawrence, Massachusetts is an industrial city located 26 miles north of Boston. As Lawrence continued to grow over time, immigrants from Puerto Rico and Dominican Republican seek a gateway for employment opportunities within the United States. Once the population increased in Lawrence the job market decreased and the population was served as a source of low-wage labors such; as traditional manufacturing firms and small businesses. Lawrence Low-wage labor resulted in reconstructing the city’s economic development plan to meet the growing demand of the city.

1.Consider the following entry game.  Here, firm B is an existing firm in the market, and firm A is a potential entrant.  Firm A must decide whether to enter the market (play "enter") or stay out of the market (play "not enter").  If firm A decides to enter the market, firm B must decide whether to engage in a price war (play "hard"), or not (play "soft").  By playing "hard", firm B ensures that firm A makes a loss of $1 million, but firm B only makes $1 million in profits.  On the other hand, if firm B plays "soft", the new entrant takes half of the market, and each firm earns profits of $5 million.  If firm A stays out, it earns zero while firm B earns $10 million. Which of the following are Nash equilibrium strategies?

Summarise the Main Development of a Child from the Age range 0-2, 3-5, 5-8 Years

The Brookings Report provides a useful lens on America’s future by recognizing the demographic shifts that are transforming the metropolitan areas of today. The five new realities represent new changes to metropolitan areas such as the continued growth and outward expansion of our population; its ongoing racial and ethnic diversification; the rapid aging on the horizon; our increasing but selective higher educational attainment; and the intensified income polarization experienced by workers and families

Gentrification is known as a process of moving in wealthier residents and thereby increasing property values. From this, many conclude that it constitutes neighborhood revitalization insofar as it improves the economic value of the area. Therefore, a major consequence of this ‘revitalization’ is that it often displaces low-income residents and small businesses (Zukin, 2010). Though much research and discourse exist to examine the plights of these residents and firms, a frequently overlooked subject is gentrification’s ability to displace labor from an economic standpoint.

Woodlawn and Washington Park lack commercial vitality likely due to the low and declining residential density and the lack of disposable income needed to support retail development. Businesses in Woodlawn and Washington Park largely cluster along the neighborhoods’ commercial corridor with prime access to the CTA’s Green line Stations and are characterized by low sales volume and not much diversity. With large concentrations of vacant land and a lack of neighborhood amenities both neighborhoods will have an uphill struggle to start growing the residential base if done in isolation from UChicago and other non-profit and public partners.

There are some important industrial sectors that constitute the economy of this area including retail trade, health care, educational services and much more! Key employers in the city to be on the lookout for

Another section that Cain recently proposed is setting up opportunity zones in rundown neighborhoods. To encourage businesses to set up shop in lower class neighborhoods, Cain added “opportunity zones” to his plan. Cain stated, “[B]ecause taxes and regulations have gotten so bad, people with money don’t want to take risks” (qtd. In “Kumar”). Tax breaks would be awarded to the businesses that start-up in the zones. Adding more merit to the adage, “location, location, location.”

Today, light manufacturing remains the city’s economic base. These companies manufacture everything from home furnishings and household appliances to building materials and farm implements. The city’s mission is to protect and improve the quality of life for the community by addressing concerns, opportunities, service, safety, and providing a strong infrastructure while maintaining a viable economic base. South El Monte offers all business development services including an economic development team, redevelopment projects and a one-stop service bringing in state and federal agencies to make it easy for businesses to locate in the city. These are all under South El Monte’s “public and private partnerships” vision. The city also has provides support to business in the area of workforce development. In just five decades, the city of South El Monte has matured into a viable commercial and industrial base, with over 2,400 businesses within 3.25 square miles. To meet its current needs and in search of other improvement opportunities, the city is now focusing on its growth potential in retail, commercial and residential development, making the community a better place to live and

My belief is that new businesses will create a new generation of people surrounding the city's residency. The residents of North Wilkesboro will have more opportunities towards their desired career choices. The rural areas of North Carolina will not only reside with farmers, laborers,

Unfortunately, I had to find someone else to speak with due to the fact that all my calls were not returned. I spoke with Bradley Roback at the Department of Planning and Development (DPD), City of Chicago. Bradley Roback is an Economic Development Coordinator for the City of Chicago. He graduated with a Bachelor of Science, Biological Sciences from Illinois State University and obtained his M.S., Master of Sciences, Public Service Management from Depaul University. His concentration is in Metropolitan Planning and Urban Affairs. Prior to his role at the DPD, he was the Director of Transportation Services with the South Suburban Mayors and Managers Association, located in East Hazel Crest, IL. Bradley's other interest include, creating

Living in the inner-city and suburban neighborhood can be challenging and beneficial for some individuals, especially for career opportunity. Many people who live in the urban communities have a better advantage in finding a job of their choice. Most corporations are located in the inner-city which makes it easier for people to find a job. Despite the job opportunities in the inner-city, many of these corporations do not provide parking for their employee which makes it difficult for many individuals. On the other hand, employment in the suburb is very limited and many of the professional jobs are

Our cities offer close proximity to services, entertainment and employment. Building high density housing within reach of the main sectors of the hub

Metropolitan areas exhibit an amazing diversity of features, economic structures, amounts of infrastructure, historic roots, patterns of development, and degrees of conventional planning. Yet, lots of the problems that they deal with are strikingly acquainted. For example, as metropolitan areas grow, they grow to be increasingly diverse.