Holiday Forecast for 2012
Uplifting the National Economy from Below
In 2012, the U.S. economy will continue to waver, with slow but positive growth as it is kept out of negative territory by tepid, narrowly focused fiscal policies and strong monetary actions by the Federal Reserve Bank.
Only local and regional economies can lift the national economy onto a faster growth path. They will need to ramp up their comparative advantages to effectively compete in domestic and/or global markets. No “one size fits all” approach will facilitate faster regional economic growth. A two-step process of identifying the community’s unique abilities to compete, and the changes needed in the local business environment, will pinpoint the public and private strategies that will cumulatively increase the growth pace of the U.S. economy.
Elements of Winning Economic Development Strategies may include:
- Local communities can uplift the national economy through public/private collaborations
- Intellectual capital converts into prosperity through innovation and entrepreneurship
- Agglomerations of quality and efficient places attract, retain and connect talentedpeople and innovative firms
- Effective development plans and regulations foster entrepreneurial networks and exports
Gruen Gruen + Associates wishes you and your family a healthy, happy, peaceful and prosperous New Year.
- Investments in “doc in the box” and larger scale medical clinics. As healthcare reform evolves, medical care needs will shift from hospitals to clinics.
- Encourage manufacturing and processing firms to provide training to bring the skills necessary to compete in 21st century operations.
- Base plans and policies on the future by gaining an understanding of the demographic makeup and priorities of residents, as well as your community’s appeal to businesses and visitors.
- Facilitate the adaptive re-use and redevelopment of obsolete local real estate. Many retail centers, particularly in secondary and tertiary communities, will require significantly altered uses.
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