Sunday, July 31, 2005
The new mayor of Los Angeles has set out an ambitious economic development agenda to attract new investment to his city. The most interesting aspect of the plan comes in the tactic to identify key projects and provide a fast track to their completion.
The plan points to a danger we often confront and economic development, however. It raises expectation about the success. Unfortunately, development projects in Los Angeles face numerous obstacles, from financing to the "Not in My Back Yard" opposition of residents. It will be interesting to see if the mayor can the fulfill the promise of his new direction. Read more.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Los Angeles mayor outlines development strategy
