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Showing posts from April, 2014

Economic Conditions

One of the most important factors to examine when looking at communities is their economic condition. This can be a broad subject matter. Fortunately, we have identified some of the most important indicators for understanding and projecting a community's economic health.

These numbers are often shown on community marketing pages and reports all around the world. Having a better understanding of the stories they tell gives us a better understanding of the message behind the numbers.

Employment- indicates an economy's ability to create jobsUnemployment- indicates an economy's ability to fill vacant positions and create new work opportunitiesWages- indicates quality of jobs in the economyArea Income- indicates how much money is circulating in the economyIndustry Output- indicates the productivity of area businessesNew Businesses- indicates the area's desirability as a place to open and operate a businessLargest Employers- indicates dominant industries, workforce skills, an…

Equity Improvement

Matters of equity are important for many reasons. It's important for the growth of our world and those we share it with.

With the US, an international super power, rising out of recession, it is critical that chart the course to improve equity. Keep in mind, efforts to improve equity may or may not hurt growth. For example, if a county or local government uses tax revenues to improve education or for the health of the poor, it can lead to more educated and healthy citizens. Those citizens may become better workers or entrepreneurs.

However, equity improvement efforts could also result in populist-type policy. For example, progressive income taxes could penalize work, entrepreneurship, and possibly discourage growth.

As the US rebounds, it important that we proceed in a manner that ensures we reward innovation and work that improves lives while not making sure that the underprivileged are given a fair shot. 

Economic RE-Development

Infill development and redevelopment are critical facets of economic development. It's often overlooked for shinier, greenfield development. Both are good, but redevelopment is a more efficient land use. 
Redevelopment is exactly how it sounds. Re-developing an abandoned, blighted, neglected, or underdeveloped building or parcel of land. Not only can redevelopment create quality density in commercial corridors, but considering the modern trend of walkability and accessibility, there will be more advocacy of urban/infill redevelopment as opposed to greenfield development. 
Communities should proactively identify potential redevelopment opportunities. It's up to economic developers to have an idea of where those parcels are and how they affect other businesses and quality of life within their communities. Additionally, economic developers should have an idea of available tools and resources to make it happen.
It is also important to understand the parcel's or building's …

Literature Underway

Being the bookworm I am, I have immersed myself in the reading and studying of four books. All at once.

As a Pianomics reader, you can expect many forthcoming thoughts and ideas to spring from the new literature. Here are the four and brief summaries based on reading at least the first chapter of each.

1. Don't Waste Your Life by John Piper. I see this as a relevant and urgent call for young people, like myself, to choose to serve God and make desiring Him my life's passion. It's all about living for Christ- the true treasure of life.

2. The Rules of Work by Richard Templar. This book is about getting ahead in business. Typically these rules are unspoken and often not shared. Being a graduate from one of the Southeast's toughest business schools, I can testify from the first chapter that these rules are not taught in college classrooms. Thought they should be.

3. Black Religious Experience by Charles R. Foster and Fred Smith. Published in 2003, this book chronicles the…