Opportunity Zones (OZs) have been a hot topic for economic developers and investors across the country. As the largest federal economic development investment in over a decade, OZs originally excited economic developers because of their promise to deliver community benefits, but as the market has unfolded, OZs have instead been met with criticism. Shifting the narrative to focus on both economic growth and community inclusion is an important step to ensure that OZs deliver on their potential and promise to strengthen the country’s disadvantaged communities.
This January, the International Economic Development Council held their 2019 Leadership Summit in Fort Lauderdale, Florida. The event, aimed at the most senior members of the profession, sets out a broad economic development agenda for the coming year. In this article, Jon Roberts highlights the issues likely to concern economic development organizations throughout 2019.
TIP Strategies tracks the ongoing ups and downs of metropolitan job growth with our Geography of Jobs interactive map. Our latest updated held some surprises. In the 12 months ending in November 2018, Houston added just over 114,000 jobs, more than any other US metropolitan area.
TIP Strategies continues to track patterns of regional employment disparity in the US economy with our Geography of Recovery interactive map. As of November 2018, seasonally adjusted nonfarm employment in the US approached 150 million for the first time, a gain of more than 11 million jobs from the start of the Great Recession. The strong gains mask some bad news, however.
The economic potential of Fort Worth, Texas—soon to be the nation’s 12th largest city—is tremendous. In December 2017, the City unveiled its first economic development strategic plan. The TIP-lead initiative provides a comprehensive roadmap to guide the community’s growth over the next five years.