Laserfiche WebLink
As. a res....u..lt, the....new.. goal for economic deve lopment,...p..articularly in_fu.11y <br /> developed are..as, should be to raise average per.capita..._incomes through <br /> hi heg,_,_,_,r-wage obs,,while working to.reduce poverty a,nd expand opportunity <br /> for economically disadvantaged residents, all the while boosting the,reg,ion's <br /> quality_of life,__T..his_d_o..es not_mean.that communities should,oppose_growth. <br /> and erect regulations limiting it; it does mean that most area..s sho..u...l..d_not <br /> continue to pursue job creation for its own sake., <br /> Th...is is not to say that the strategyshould_remain fixe.d_. If, unlikely as itis, <br /> productivitygrowth rates slow significantly in the next decade and <br /> unemployment_increases, the appropriate_goals_and strategies might change, <br /> But for-now,and_the foreseeable future, economic strategy should focus on <br /> raising incom..e...s..rathe...r than simply attracting j.o...b..s.. <br /> Beliefs About Economic„Develop ment in,the Old and New Economies <br /> f IIIU11��10111�111111111111111�IIIIIIIII�IIIlllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll <br /> i Bei a_cheap_place to do business was the Being a place rich in ideas and talent is <br /> key, the key, <br /> Attracting,companies was the key. Attracting.educated people isa_.key, <br /> A highquality physical_environment was Physical and cultural amenities are_kev in <br /> luxury stood in the way_of attracting cost, attracting knowledge workers. <br /> . conscious businesses. <br /> Rections won because they held a fixed Regions,prosper.if organizations and <br /> competitive advantage_ n_some_resource.or individuals have the ability to learn and. <br /> skill. a..dapt. <br /> Economic development was government- Only bold,partnerships among business, <br /> led. gWovernment and norofit sector can <br /> _ ... <br /> bring_about„change. <br /> A New Means: Get,Better, Not,Cheer <br /> A.new,,,,goal requr,res new <br /> means.,-In--the-qllcleconomy,,places,sought to get <br /> big by.."getting cheap." In the New._Economy, the key tosuccess is to "get <br /> _ <br /> b..etter."._Policy..makers use..d.__to believe th..at a iow-cost_.environment._was the <br /> Strategic Plan for Economic Development Page 17 of 21 <br /> • <br />