What political challenges arise when a city, regional, or state official advances an economic development agenda?
It’s a major challenge. This is not a region that ever really thought of economic development in a comprehensive way. This is a region that equates economic development with real estate development. We don’t think comprehensively about the assets that we have been given—how we build on them and how we nurture them. Second are all of the inter-agency, jurisdictional challenges posed. One example is high-speed rail coming to Downtown LA. It’s a very exciting opportunity, but some view it with some trepidation. How will it affect the plans for the L.A. River? How will it affect the plans for the cleantech corridor? How do we make sure that when we have this wonderful investment coming through Downtown L.A. it doesn’t destroy the very communities we hope it will benefit? We must deal with inter-jurisdictional challenges. Third, deal with our fundamentally broken finance system in California. If we do not address that in this crisis over the next couple years, the sheen on the Golden State
Related Questions
- Is there an identified source for regional economic and talent development plans, or specific types of plans that we should align with and integrate into?
- Does the NSW Government provide any assistance for regional community economic development projects?
- Who is Red Deer Regional Economic Development?
