Landis' 1st Lecture

• how and where economic analysis and planning fits
• projecting jobs and economic avitivity
• economic development strategies
• balance issues

Economic Analysis and Comprehensive Planning: Key Issues

1. How will changes in the national, regional (metro) and local economy affect the demand for sites (number, size, location) in my community? (passive)
1. what will this look like?
   
2. Which sites should be set aside for economic development? (more active)
   
1. where?
2. what size?
3. how many?
   
3. What can I do in my community to promote job growth and economic development?
   
1. what leverage do I have?
   
4. How much revenue (and resources, more broadly) of which type will future economic development generate for my community?
1. what can I tap into?

Comprehensive Planning Process

1. develop the plan work plan
2. structure the community participation process
3. baseline studies (inventories, past trends, current drivers of change, list of tools)
   
4. engage the community
5. formulate goals and objectives
6. develop the land use program
7. refine goals and objectives
8. develop "future" scenarios/alternatives
9. compare and evaluate scenarios
10. implementation
11. monitoring and updating

Economics belong in steps: 3, 5, 6, and 10

if tightly connected to city then will be impacted by what happens to philadelphia's economy.

Four Linked "economies" of interest

1. Local participation in regional (metro) industrial or jobs economy (-->commuting patterns, household income and wealth)
2. Local industrial or jobs economy (-->community resource base)
3. The retail and tourist economy (-->essential services and tax/fee revenue)
4. Local tax base (-->essential services and tax/fee revenues)

Economic Base model

• sales outside the region--><---Basic or Export Industries <--local inputs-->local-serving industries<--local serving industries--> local recirculation
• multiplier = ratio of total sales (or jobs) to export sales (or jobs)
  
• usually equal to about two or three
• you want to increase your multiplier

BASELINE STUDIES

1. What are the the major industries or sectors in our local economy? How do they compare to the region and nation?
2. What are the major businesses in our local economy?
3. Which local industries and/or businesses are growing/declining adn why?
4. Which if any local factors are constraining local industry performance ad grwth?
5. How equitably are the benefits of economic growth be distributed?