Last month, the Fiscal Policy Institute and Americas Society/Council of the Americas released a new report on the impact that immigrant entrepreneurs – particularly, “Main Street” business owners – have on local economies. The report cites Philadelphia, along with Minneapolis-St. Paul and Nashville, as successful examples of how support systems for immigrant entrepreneurs can help foster overall economic growth.
2015 may mark the beginning of some big changes in education in Greater Philadelphia -- many of which align with the priorities laid out in our shared World Class agenda. From key policy issues like fair funding to debates over curricula and teacher evaluations, here are a few key areas to watch this year:
Last week, more than 70 business and civic leaders attended the final World Class Council forum of 2014 on "Spurring Regional Export Growth." At the event, the Economy League and the World Trade Center of Greater Philadelphia announced the launch of a new regional export initiative.
The city of Chelsea, MA, has struggled for decades with high unemployment, crime and the legacy of political corruption. Last month, Greater Philadelphia Leadership Exchange participants traveled to Chelsea to learn how leaders are successfully working together toward long-term solutions to these often intractable issues.
In early October, more than 110 of Philadelphia's business, civic and government leaders traveled to Boston as part of the 2014 Greater Philadelphia Leadership Exchange. One of the key learnings from this trip was that in both Greater Boston and Greater Philadelphia, educational and medical anchor institutions serve as economic flotation devices, community partners, and catalysts for growth in their local communities and in their regions at large.
Earlier this month, the Economy League traveled north with more than 110 of Philadelphia's business, civic and government leaders to learn how Boston is tackling critical issues related to growth and opportunity. In this piece, we take a closer look at why the revitalization of Boston's Dudley neighborhood has served as a national model of resident-driven "development without displacement."
With the passage of transportation funding legislation in Harrisburg last fall, southeastern Pennsylvania is slated to receive much-needed investment that will help address long-deferred maintenance needs and upgrade deteriorating systems. Achieving a World Class vision for our region’s bridges, roads, and public transit, however, is going to require making the most of these and other resources.
Greater Boston and Massachusetts have a long history of innovation in education from the founding of the first publicly-funded school system in the US to creating grade levels and common standards that are the basis of our current education system to helping to build world class institutions of higher education. Today, the state and region continue to focus on systemic change and improvements along the education continuum.
Historians point out that Greater Boston’s economy has come back from the brink several times. In the post-World War II era, the region’s economic success has been attributed to its foundation of science and technology strengths, educated workforce, and repeated ability to adapt to disruptions and changes in the knowledge economy. Whereas many regions, including Philadelphia, boast substantial eds and meds research institutions, Greater Boston’s elite talent base and ability to reinvent its innovation economy have set it on a different path than other Rust Belt regions with similar research assets but economies that have faltered.
In today’s innovation economy, regions that are able to translate research discoveries into viable products and services are poised to capture significant growth. With Greater Philadelphia’s world class academic and medical research institutions, converting promising ideas and technologies to the marketplace – a process known as technology transfer – is a crucial pathway for growing jobs and wealth in our region.