The Upjohn Institute's Policies for Place research initiative recently brought together experts, including members of its advisory network, to discuss how best to implement place-based policies that will drive positive economic outcomes for communities across the nation. The convening, held in partnership with the Federal Reserve Bank of Chicago Detroit Branch, focused on the question, “What can communities do to improve economic mobility for their residents?”
Residents of many communities—and neighborhoods within them—continue to face significant economic challenges: low employment rates and a lack of good jobs; inadequate educational opportunities; limited access to affordable, high-quality childcare and preschool; transportation barriers; and rising housing costs. How can local communities address these concerns and promote good jobs that significantly improve residents’ standard of living?
Key themes that emerged included:
- The importance of economic development strategies that not only aim to attract talent but also prioritize creating opportunities for local residents.
- How coalition work is essential but fragile due to turnover and the complexity of managing multiple partners.
- That fostering lasting programs demands both the development of strong partnerships and a commitment to deep trust-building efforts.
A report detailing the content of the convening will be released later this year.