The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

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The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download. It is not always evident why economic growth takes root in one area over another. Even within a single region, some communities may outpace their neighbors in securing the economic growth that leads to an enhanced quality of life. Although some commonalities in these situations may be identifiable, many communities possess similar assets and implement apparently similar economic development plans, yet have experiences that are vastly different—perhaps even diametrically opposed.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

Indeed, economic growth in the United States in the late 20th century was marked by the dramatic rise of some communities and the equally stunning demise of others. There are lessons that can be gleaned from the varied experiences of communities that are replicable elsewhere throughout the United States. There are also factors and policies that can make the application of those lessons more or less likely to succeed in other communities.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

Examples of communities where public policies and general directions have damaged the local economic base in both the short and long terms abound. The communities that do not shift their strategic focus stand the risk of becoming secondary to the growth markets of tomorrow. They will be the suppliers, shippers, and bedroom communities that exist to support the advancement of others. The Formula for Economic Growth on Main Street America examines the growth and decline of communities and identifies the key components of sustained economic growth as well as policies and actions (or inactions) that can be precursors to the decline of the local economic base.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

The case studies, derived largely from direct experience, provide insights that will be instructive for policy makers and practitioners as well as students of public administration. Readers can superimpose the concepts highlighted herein onto real-world examples and examine the following questions being asked today by community leaders:
◾ What is actually meant by the term “local economic growth,” and why would anyone want it in their “own backyard”? What are the benefits and costs of slow, dramatic, or no growth?
◾ Who have been the winners and losers in terms of economic growth, and why?
◾ Why does the growth of some communities within a single regional marketplace dramatically outpace that of their neighbors when all seem to possess similar advantages of location, assets, and amenities?
◾ What lessons have been learned by the case study communities that can be replicated elsewhere, and what circumstances must be in place for those lessons to apply?
◾ How can smaller or mid-sized communities, or those in rural areas, benefit from these examples and effectively pursue and sustain economic growth?
◾ What steps can the elected and administrative leadership of communities— large or small, urban or rural, growing or in decline—take to stabilize and enhance the growth of their cities and towns over time?

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

In recent years, it has become clear to communities that sustained local economic growth can enable the provision of public services for growing populations while minimizing the tax burden for residents. In today’s environment, financial institutions that were once believed to be rock-solid have collapsed, and federal intervention in the financial sectors that underlie the well-being of the nation and the world has been exercised as a last resort.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

Individuals have lost their savings and companies have gone out of business. As companies fail and individuals lose their jobs and their ability to provide for their families, communities suffer. It is generally a time of local reflection upon methods of growing the economy to avoid such devastating impacts in the future. Communities, in difficult economic times, lose significant tax revenues—income taxes, property taxes, business taxes, and user fees—as the local, regional, national, and global economic foundations crumble. And, as revenues decline, the demand for the public services that are funded by those revenues increases.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

When the unemployment rate rises, demand for welfare and other human services transfer payment increases. A direct relationship can often be found between rising rates of joblessness and crime. Again, this translates into increased costs for public services at a time when the revenue base is declining. More police, fire services, and support for families in need may be required. At the same time that the local ability to provide the necessary services is declining, the private nonprofit organizations that can often supplement public programs may find their sources of financial support— both public and private—also waning.

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download

The Formula for Economic Growth on Main Street America by Gerald L Gordon pdf free download


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