| I. Introduction |
| Introduction to Economic Development Planning: Applied Theory at the Local Level | | |
| II. LENSES—Why and How to Interfere in the Economy? |
| 1. Local Economic Development: Market Intervention Rationales | - Jacobs, The Economy of Cities, chapters 1–3
- Marshall, The Surprising Design of Market Economies, chapters 1–8
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| 2. Local Economic Development: The Evolution of Mainstream Theory | - Beer and Clower, Globalization, Planning and Local Economic Development, chapters 1–5
- Leigh and Blakeley, Planning Local Economic Development, chapter 3
| class assigns readings for session 5 |
| 3. The Creative Class and Placemaking | - Florida, The Rise of the Creative Class, Revisited, chapter 16
- Florida, The New Urban Crisis, chapters 1–7
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| 4. Race and Equity in Economic Development | - State of Maine Economic Development Strategy
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| 5. Class Choice Topic & Odds and Ends | - readings assigned by class
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| III. TOOLS—How Does Local Government Work? |
| 6. Local Government Finance Overview | - Overton and Bland, “Exploring the Linkage between Economic Base, Revenue Growth, and Revenue Stability in Large Municipal Governments”
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| 7. Property Taxes and Local Sales Taxes | - Gates, “Residential Property Taxation in New York City”
| professional memo #1 due |
| 8. Intergovernmental Transfers / Campaign Finance | - Edwards, “State and Local Revenues Beyond the Property Tax”
- City of Portland [ME] FY 2020 One Year Action Plan
- Narrative History of the CDBG Program in Portland
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| 9. Annual Budgeting and Procurement | - LaVecchia and Mitchell, “Amazon’s Next Frontier: Your City’s Purchasing”
- Town of Brookline [MA] FY2020 Budget
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| 10. Capital Improvement Programs | - Elmer, “Bonds and Borrowing”
- Ragsdale v. City of Memphis (2001)
- City of Pittsburgh v. Alco Parking Corporation (1974)
- Town of Brookline [MA] Capital Improvement Plan 2020–2024.
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| 11. Tax Increment Finance Districts, Business Improvement Districts, Opportunity Zones | - Merriman, “Improving Tax Increment Financing (TIF) for Economic Development”
- Citizens Advocating Responsible Environmental Solutions, Inc., v. City of Marco Island (2007)
- City of Boca Raton v. State (1992)
- Ehrlich v. City of Culver City (1996)
| midterm papers due |
| 12. Zoning for Economic Development
| - Village of Euclid, Ohio v. Ambler Realty Co. (1926)
- Nollan v. California Coastal Commission (1987)
- Dolan v. City of Tigard (1994)
- Jacobus, “Inclusionary Housing: Creating and Maintaining Equitable Communities”
- Evans-Cowley, “Development Exactions: Process and Planning Issues”
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| 13. Fiscal Impact Studies | - Kotval and Mullin, “Fiscal Impact Analysis: Methods, Cases, and Intellectual Debate”
- Fiscal impact studies
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| IV. STRATEGIES—Moving from Concepts to Actions |
| 14. Determining Local Advantages and Disadvantages | - Beer and Clower, Globalization, Planning and Local Economic Development, chapters 8–9
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| 15. "Buy Local" Models | - Mitchell, “Monopoly Power and the Decline of Small Businesses: The Case for Restoring America’s Once Robust Antitrust Policies”
- Leigh and Blakeley, Planning Local Economic Development, chapters 9–11.
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| 16. The Creative Class and Incentives | - Beer and Clower, Globalization, Planning and Local Economic Development, chapter 6
- Florida, The Rise of the Creative Class, Revisited, chapters 1–3
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17. Leveraging Economic Development for Public Policy Goals / Value Capture (guest lecture by Anthony Flint, Lincoln Institute of Land Policy) | - German & Bernstein, “Land Value Capture: Tools to Finance Our Urban Future”
- Willams et al., “The Economics of Inclusionary Development”
- City of Cambridge Incentive Zoning and Jobs Linkage Study, 2019
- Theodos and Meixell, “How Chicago and Cook County Can Leverage Opportunity Zones for Community Benefit”
| professional memo #2 due |
| 18. Infrastructure and Public Investment | - Marshall, chapters 9–16
- Beer and Clower, Globalization, Planning and Local Economic Development, chapter 7
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| 19. Managing Risk for Businesses | - Hanson, “Taxes and Economic Development: An Update on the State of the Economics Literature”
- Seidman, Economic Development Finance, chapter 10.
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| 20. Coordination with Other Planning / The Role of Politics | - Beer and Clower, Globalization, Planning and Local Economic Development, chapters 10–12
- Florida, The Rise of the Creative Class, Revisited, chapters 10–15
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| V. CASE STUDIES—How Does This Really Work? |
| 21. Economic Development Planning in Practice: Thompson’s Point, Portland, ME (guest lecture by Chris Thompson, Thompson's Point developer)
| - Thompson’s Point website
- Axelrod, “Thompson’s Point Turns the Corner”
- Nielsen, “That’s Our Dump! [1]”
- Busby, “That’s Our Dump! [2]”
- City of Portland [ME] Transportation Hub Link Feasibility Study (2016)
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| 22. Iterative Economic Development Planning: Assembly Square, Somerville, MA (guest lecture by Wig Zamore, Mystic View Task Force & Somerville Transportation Equity Partnership)
| - Assembly Square Planning Study (City of Somerville, 2000)
- Assembly Square Urban Renewal Plan (City of Somerville, 2002)
- Assembly Square Mixed Use District Zoning
- Assembly Square Revised Site Plan and Design Guidelines (2014)
| final projects due |
| VI. Conclusion |
| Student Presentations | | |
