Monday, August 24, 2020

Houston #3 global city of the future, explaining the 'evil developer' trope, Energy 2.0, and more

This week's items:
"Houston comes third in the overall ranking. The Texan city is a reputable talent hub and, according to the 2019 Academic Ranking of World Universities, is home to five of the global top 500 universities, as well as over 30 international baccalaureate schools. This contributed to its achieving third place in the Human Capital and Lifestyle category.

Houston also placed sixth in the Business Friendliness category. The city’s welcoming business environment is clearly a hit with investors, as it recorded 53 expansion or co-location projects between May 2015 and April 2020, representing more than a quarter of its total inward FDI and the second highest out of all locations analysed."
"Yet, under any circumstances, I believe that the state of our understanding is at least sufficient to provide some basic principles for guiding efforts to improve the prospects of dying cities. First, officials of cities hoping to be successful must be seen as dedicated to managing their municipal enterprise in more honest, efficient, and business-friendly ways. Too many cities have experiences similar to Baltimore’s, whose last two mayors and a recent police chief have gone to prison for corruption. One reason, as I’ve argued, is that many big city mayors no longer have business backgrounds. As a result, few know how to manage complex municipal organizations, including the challenge of minimizing opportunities for graft. Corruption-free cities where mayors and city councils are experienced in working the intersection of business and citizen interests, which are most often coincident, experience faster growth rates... 
Second, mayors and other urban leaders must focus on developing productive entrepreneurship that will make cities more competitive in the future. My research shows that after two decades of betting on entrepreneurs to generate new economies, few cities appear to have benefited from their investment. Mayors should rethink their expectations of local entrepreneurs and the resources they provide to the town’s efforts to encourage new firms. Emphasis should be focused instead on building partnerships with local engineering schools and firms. My research also shows that persons with engineering educations and experience are responsible for starting the majority of new firms that survive and create demand for new jobs. 
Third, cities also need to create incentives for residents, especially racial and ethnic minorities, to become owners of local business."
Finally, another great episode of Pop Culture Urbanism with really good insights on how tight zoning regulation forced development to be synonymous with evil gentrification and displacement, instead of a good thing of providing more housing for more people. Highly recommended.


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1 Comments:

At 9:07 AM, August 25, 2020, Blogger George Rogers said...

No zoning is a necessary but insufficent means to eliminate opportunities for graft!

 

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