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    Chap10 - Inner CIty - Porter

    Uploaded by

    Ra'uf Muhammad
    The document discusses challenges facing inner cities, including lack of jobs and businesses, ineffective economic development programs, and failure to attract community spending. It proposes social programs to meet human needs and improve education, along with an economic model of profitable, competitively positioned businesses. Inner cities have advantages like strategic location, local demand, and access to transportation, but also face issues like high costs, skills shortages, and negative attitudes. The document outlines new roles for the private sector, government, and community organizations in creating wealth and prosperity in inner cities through business development, skills training, and improved infrastructure and incentives.

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    Download as PPTX, PDF, TXT or read online from Scribd

    Chap10 - Inner CIty - Porter

    Uploaded by

    Ra'uf Muhammad
    17 views16 pages
    The document discusses challenges facing inner cities, including lack of jobs and businesses, ineffective economic development programs, and failure to attract community spending. It proposes social programs to meet human needs and improve education, along with an economic model of profitable, competitively positioned businesses. Inner cities have advantages like strategic location, local demand, and access to transportation, but also face issues like high costs, skills shortages, and negative attitudes. The document outlines new roles for the private sector, government, and community organizations in creating wealth and prosperity in inner cities through business development, skills training, and improved infrastructure and incentives.

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    Chap10 -Inner CIty -Porter

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    The document discusses challenges facing inner cities, including lack of jobs and businesses, ineffective economic development programs, and failure to attract community spending. It proposes social programs to meet human needs and improve education, along with an economic model of profitable, competitively positioned businesses. Inner cities have advantages like strategic location, local demand, and access to transportation, but also face issues like high costs, skills shortages, and negative attitudes. The document outlines new roles for the private sector, government, and community organizations in creating wealth and prosperity in inner cities through business development, skills training, and improved infrastructure and incentives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views16 pages

    Chap10 - Inner CIty - Porter

    Uploaded by

    Ra'uf Muhammad
    The document discusses challenges facing inner cities, including lack of jobs and businesses, ineffective economic development programs, and failure to attract community spending. It proposes social programs to meet human needs and improve education, along with an economic model of profitable, competitively positioned businesses. Inner cities have advantages like strategic location, local demand, and access to transportation, but also face issues like high costs, skills shortages, and negative attitudes. The document outlines new roles for the private sector, government, and community organizations in creating wealth and prosperity in inner cities through business development, skills training, and improved infrastructure and incentives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    Golda Naomi Julaika (1006793536) Muhammad Rauf (1006793965)

    Problems faced by Inner City:


    Lack of businesses and jobs Fragmented and ineffective programs of economic development Treated as an isolated place Fail to attract communitys spending power

    Social Programs

    Meeting human needs Improves education

    Economic Model

    Profitable business Competitive positioned in regional, national, and international

    Policies

    CREATE WEALTH
    Programs

    Competitive Advantage

    Uniqueness

    Prosperity

    Advantages of the Inner City


    Strategic Location Local Market Demand Integration with Human Regional Resources Clusters

    CONGESTED HIGH RENT AREAS

    TRANSPORTA TION

    STRATEGIC LOCATION

    MAJOR BUSINESS CENTRES

    COMMMUN ICATION

    Rapid Deliveries
    Cheaper Access to many forms of transportation

    Size High population density Substantial purchasing power

    Character Young and growth market Tailor certain needs Opportunities for others

    Relationship Reduces security problems Reduces turnover problems

    Potential Set trend for major nationwide markets

    Business formation
    Forging close relationships

    Competition opportunities in downstream products and services


    Tailored to inner city needs

    Eager to work and loyal

    Opportunities for entrepreneurship


    Most deal around the social services

    Large and growing talented managers interested to seek opportunities in the inner city

    1) Land

    2) Building Costs

    3) Other Costs

    4) Security

    5) Infrastructure

    6) Employee Skills

    7) Management Skills

    8) Capital

    9) Attitudes

    New Role of the Private Sector


    1) Create and expand business activity in the inner city 2) Establish business relationships with inner city companies 3) Redirect corporate philanthropy from social services to business-to-business efforts (invest in human capital efforts with a regional cluster orientation) 4) Adopt the right model for equity capital investments (invest in the mundane)

    1) Direct resources to areas of the greatest need

    2) Increase the value of the inner city as a business location

    The New Role for Government

    3) Deliver economic development programs and services through mainstream, private sector institutions 4) Align incentives built into government programs with true economic performance

    1) Identify and build on strengths 2) Work to change workforce and community attitudes

    New Role For Community-Based Organizations

    3) Create work-readiness and job-referral systems 4) Facilitate commercial site improvement and development

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