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I. Introduction
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Introduction to Economic Development Planning: Applied Theory at the Local Level
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II. LENSES—Why and How to Interfere in the Economy?
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1. Local Economic Development: Market Intervention Rationales
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- Jacobs, The Economy of Cities, chapters 1–3
- Marshall, The Surprising Design of Market Economies, chapters 1–8
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2. Local Economic Development: The Evolution of Mainstream Theory
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- Beer and Clower, Globalization, Planning and Local Economic Development, chapters 1–5
- Leigh and Blakeley, Planning Local Economic Development, chapter 3
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class assigns readings for session 5
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3. The Creative Class and Placemaking
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- Florida, The Rise of the Creative Class, Revisited, chapter 16
- Florida, The New Urban Crisis, chapters 1–7
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4. Race and Equity in Economic Development
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- State of Maine Economic Development Strategy
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5. Class Choice Topic & Odds and Ends
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- readings assigned by class
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III. TOOLS—How Does Local Government Work?
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6. Local Government Finance Overview
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- Overton and Bland, “Exploring the Linkage between Economic Base, Revenue Growth, and Revenue Stability in Large Municipal Governments”
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7. Property Taxes and Local Sales Taxes
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- Gates, “Residential Property Taxation in New York City”
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professional memo #1 due
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8. Intergovernmental Transfers / Campaign Finance
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- Edwards, “State and Local Revenues Beyond the Property Tax”
- City of Portland [ME] FY 2020 One Year Action Plan
- Narrative History of the CDBG Program in Portland
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9. Annual Budgeting and Procurement
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- LaVecchia and Mitchell, “Amazon’s Next Frontier: Your City’s Purchasing”
- Town of Brookline [MA] FY2020 Budget
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10. Capital Improvement Programs
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- Elmer, “Bonds and Borrowing”
- Ragsdale v. City of Memphis (2001)
- City of Pittsburgh v. Alco Parking Corporation (1974)
- Town of Brookline [MA] Capital Improvement Plan 2020–2024.
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11. Tax Increment Finance Districts, Business Improvement Districts, Opportunity Zones
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- Merriman, “Improving Tax Increment Financing (TIF) for Economic Development”
- Citizens Advocating Responsible Environmental Solutions, Inc., v. City of Marco Island (2007)
- City of Boca Raton v. State (1992)
- Ehrlich v. City of Culver City (1996)
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midterm papers due
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12. Zoning for Economic Development
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- Village of Euclid, Ohio v. Ambler Realty Co. (1926)
- Nollan v. California Coastal Commission (1987)
- Dolan v. City of Tigard (1994)
- Jacobus, “Inclusionary Housing: Creating and Maintaining Equitable Communities”
- Evans-Cowley, “Development Exactions: Process and Planning Issues”
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13. Fiscal Impact Studies
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- Kotval and Mullin, “Fiscal Impact Analysis: Methods, Cases, and Intellectual Debate”
- Fiscal impact studies
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IV. STRATEGIES—Moving from Concepts to Actions
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14. Determining Local Advantages and Disadvantages
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- Beer and Clower, Globalization, Planning and Local Economic Development, chapters 8–9
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15. “Buy Local” Models
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- Mitchell, “Monopoly Power and the Decline of Small Businesses: The Case for Restoring America’s Once Robust Antitrust Policies”
- Leigh and Blakeley, Planning Local Economic Development, chapters 9–11.
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16. The Creative Class and Incentives
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- Beer and Clower, Globalization, Planning and Local Economic Development, chapter 6
- Florida, The Rise of the Creative Class, Revisited, chapters 1–3
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17. Leveraging Economic Development for Public Policy Goals / Value Capture (guest lecture by Anthony Flint, Lincoln Institute of Land Policy)
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- German & Bernstein, “Land Value Capture: Tools to Finance Our Urban Future”
- Willams et al., “The Economics of Inclusionary Development”
- City of Cambridge Incentive Zoning and Jobs Linkage Study, 2019
- Theodos and Meixell, “How Chicago and Cook County Can Leverage Opportunity Zones for Community Benefit”
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professional memo #2 due
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18. Infrastructure and Public Investment
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- Marshall, chapters 9–16
- Beer and Clower, Globalization, Planning and Local Economic Development, chapter 7
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19. Managing Risk for Businesses
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- Hanson, “Taxes and Economic Development: An Update on the State of the Economics Literature”
- Seidman, Economic Development Finance, chapter 10.
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20. Coordination with Other Planning / The Role of Politics
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- Beer and Clower, Globalization, Planning and Local Economic Development, chapters 10–12
- Florida, The Rise of the Creative Class, Revisited, chapters 10–15
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V. CASE STUDIES—How Does This Really Work?
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21. Economic Development Planning in Practice: Thompson’s Point, Portland, ME (guest lecture by Chris Thompson, Thompson’s Point developer)
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- Thompson’s Point website
- Axelrod, “Thompson’s Point Turns the Corner”
- Nielsen, “That’s Our Dump! [1]”
- Busby, “That’s Our Dump! [2]”
- City of Portland [ME] Transportation Hub Link Feasibility Study (2016)
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22. Iterative Economic Development Planning: Assembly Square, Somerville, MA (guest lecture by Wig Zamore, Mystic View Task Force & Somerville Transportation Equity Partnership)
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- Assembly Square Planning Study (City of Somerville, 2000)
- Assembly Square Urban Renewal Plan (City of Somerville, 2002)
- Assembly Square Mixed Use District Zoning
- Assembly Square Revised Site Plan and Design Guidelines (2014)
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final projects due
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VI. Conclusion
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Student Presentations
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