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October 11, 2011 Robert Weissbourd City Vitals: How Do We Measure the Success of Cities? CEOs for Cities 2011 Fall National Meeting
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Strategic - driven by desired outcomes Quality not Quantity - “answers, not data” User Driven - no ‘data dumps’; no ‘map madness’ User Friendly - task and market oriented Customized - specialized to user needs and systems Current - up-to-date, recurring Standardized - broad coverage and usability Translating Research to Practice: Determining the Right Information Resources to Drive Change Translating Research to Practice: Determining the Right Information Resources to Drive Change
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Leverage Points for Sustainable and Inclusive Prosperity Leverage Points for Sustainable and Inclusive Prosperity Enhance Regional Concentrations Enhance Regional Concentrations Deploy Human Capital Aligned with Job Pools Develop Innovation- Enabling Infrastructure Increase Spatial Efficiency Create Effective Public & Civic Culture & Institutions Create Effective Public & Civic Culture & Institutions
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Similar view of importance and function of innovation; many overlapping metrics Possible additional factors Business Dynamics Metrics: Churn, employment turnover Research and Development Metrics: Academic R&D expenditures DEGREE OF OVERLAP( %)
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Heavy overlap, more exclusive emphasis on networks/connections rather than broader efficiency of moving people, goods, ideas Possible additional factors: Transit Accessibility Jobs-Housing Mismatch Density
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Except for citizen engagement, less focus on the institutional environment for economic success Possible additional factors: Government Fragmentation Tax-Value Proposition Governance
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Agreement on importance of human capital; different understanding of drivers/practice Possible additional factors: Alignment with Job Creation/Market Demand Labor Market Efficiency Job Structure (middle skills) and Mobility
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Different view of role, and particularly cause and effect, with respect to amenities. Additional factors important on margins (and intra- metro): Good Housing and Safety Proposition Retail Services Access to Job Centers
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Limited focus on the production side of the economy (harder to reduce to metrics); some similar top line metrics Possible additional factors: Productivity and GRP Growth in Concentrated Industries and Functions Specializations in Emerging Knowledge Sectors
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October 11, 2011 Robert Weissbourd CEOs for Cities 2011 Fall National Meeting DISCUSSION
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High HC Occupation s Productive Industries Knowledge Functions It’s not the Chicken or the Egg – It’s the Incubator Active Human CapitalIndustry IT’S ABOUT PRODUCTIVITY To Attract Knowledge Workers, Build an Economy Characterized by High-Human Capital Occupations and Functions Knowledge Workers
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