Save the date! The 2019 Redevelopment Forum will be Friday, March 8 at the Hyatt Regency in New Brunswick. Details coming soon!
Forum plenary session addresses what we can learn from Amazon, what are the trends driving economic development around the country, and where New Jersey can focus its efforts. Spoiler alert: It’s about creating great places.
What are the key things that are driving economic development and growth around the country? During the Redevelopment Forum plenary session, moderator Chris Zimmerman, Smart Growth America’s vice president for economic development, suggested that a quick look at what Amazon is seeking can help answer that.
This article was written by Elsa Leistikow, a recent graduate of The College of New Jersey with a major in sociology and a minor in public policy.
That’s the first point Stephanie Gidigbi, director of NRDC’s Strong, Prosperous and Resilient Communities Challenge (SPARCC), made in the Power of P3s session at New Jersey Future’s 2018 Redevelopment Forum.
Her comments were met with broad concurrence from the rest of the panel, including Dawn Zimmer, former mayor of Hoboken, and Chris Paladino, president of the non-profit New Brunswick Development Corporation. Although these partnerships might look like a panacea to cash-strapped municipalities, Gidigbi emphasized, P3s are not mechanisms for free outsourcing from the private sector. As in any redevelopment project or social service delivery program, aligning conflicting incentives among municipalities, developers, and financiers to deliver a focused, effective outcome is a challenging process.
Redevelopment Forum keynote speaker Bruce Katz on why cities and metro regions are best positioned to lead in a 21st-century economy
Why are cities and local regions best positioned to lead in the 21st century? According to Bruce Katz, the Brookings Institution’s first Centennial Scholar and the former director of its Metropolitan Policy Program, who delivered the 2018 Redevelopment Forum luncheon keynote address, these are dense ecosystems of diversity and innovation in a time when the market wants what he called “agglomeration, co-location, and concentration of assets.” They’re the vanguard of a new kind of participatory democracy — cross-sector, bottom-up, and inter-disciplinary, able to leverage distinctive assets to create jobs and opportunity.
This is a reversal, Katz says, of the governance model the United State built in the mid-20th century, which he described as “highly specialized, highly compartmentalized, and highly bureaucratic,” making it ill-equipped to deal with the complexity and multi-functionality of current challenges. Cities as networks, he said, are much better equipped, since they’re not compartmentalized — they can leverage public, private and institutional connections as needed. He calls this “the new localism,” also the title of his new book, co-authored by Jeremy Nowak and published by Brookings Institution Press.
Enjoy this gallery of some highlights from the Forum, and peruse the full album on our flickr site!