Other Resources

Richmond Region

2012

From Richmond to the Oceanfront: The Creation of a Mega-Region

Seventy-seven percent of the nation’s population and 80 percent of the nation’s economic growth is expected to reside within nine emerging Global Gateway regions, according to the America 2050 project. The Richmond – Petersburg MSA and the Hampton Roads MSA can compete with larger regions throughout the nation more effectively if the two align with one another to form a mega-region.

View the PPT, From Richmond to the Oceanfront: The Creation of a Mega-Region

2011

Bridging Richmond:  The Talent Dividend Initiative

This report, funded by The Community Foundation of Richmond and CEOs for Cities, is focused on helping the communities of the Richmond, Virginia region connect with the region’s education pipeline. The talent dividend initiative connects local leadership in‐situ with students throughout their educational careers; the initiative moves the community beyond a mentoring role to that of an advocate to the students in the education pipeline. The focus of the community is one of ‘how can I help you succeed’ and less of ‘this is how we define success for you.’ Leaders can navigate the student pipeline to provide support to further ensure the successful transition for students particularly at the more challenging junctures in their career pathways; conversely, students can seek the support of community leaders on an as‐needed basis.

2010

The Capital Region Collaborative, Strawman Draft of Regional Priorities

In late 2009 and early 2010, the Capital Region Collaborative met with 10 diverse focus groups to receive input on important community priorities for the Richmond Region. Participants were asked to share their opinions on what they value and what should be the priorities within our community.

The Collaborative compiled the large variety of suggested actions to strengthen our Region to create a “Strawman Draft of Regional Priorities.”

View the Capital Region Collaborative’s Regional Priorities website.

2008

The Economic Impact of Richmond International Airport
Richmond International Airport (RIC), the gateway to Virginia’s Capital Region, plays a vital role in the Central Virginia regional economy. RIC and its tenants contribute annual sales of more than $800 million to the local economy based on the measurable benefits of airport operations, business efficiencies, visitor spending, and their associated ripple effects. The airport also plays an important role in attracting economic development and supporting world-class business operations.

Download a PDF version of the full report, created by Chmura Economics & Analytics of Richmond.

Greater Richmond Chamber of Commerce, Competitive Analysis Report

This report compares the Richmond, VA MSA to six other metro areas: Birmingham-Hoover, AL; Charlotte-Mecklenburg-Concord, NC; Jacksonville, FL; Louisville-Jefferson County, KY-IN; Nashville-Davidson-Murfreesboro, TN and Raleigh-Cary, NC. The report is designed to provide a comparison between these seven metropolitan areas across a number of categories. All of the data is from 2008 unless otherwise noted.

General information describing the population, demographics, educational attainment and quality of life factors such as crime and public safety and commuting time are included. Local economic figures such as unemployment rate, income, and the number of Fortune 1000 companies are included as well. While this data is by no means comprehensive, it does provide a good basis for a general comparison of the seven metropolitan areas.

Download a PDF version of the full report, created by Greater Richmond Chamber of Commerce.

Virginia’s Nonprofit Sector: An Economic Force

This report was prepared for The Community Foundation and Connect Network by Johns Hopkins University. Largely invisible to most Virginia residents is a set of institutions that, taken together, constitute the state’s second largest employer, deliver the lion’s share of the available health, cultural, and social services, enliven the state’s democracy, and add immeasurably to its citizens’ overall quality of life.

This mystery component of Virginia life is the vast array of private hospitals, universities, symphonies, art galleries, soup kitchens, nursing homes, family service agencies, churches, civic agencies, and many more that comprise Virginia’s private “nonprofit sector.”

2007

Putting the Future Together
Putting the Future Together, a report by Texas consultant James Crupi, looks at Greater Richmond’s strengths and weaknesses and makes recommendations for moving the region forward. The report was funded by 40 area businesses and is based on interviews with 110 local business and community leaders, as well as with local citizens. The report is already generating conversation among supporters and critics. In January, the Greater Richmond Chamber will facilitate formation of a task force on a regional strategic vision – a key recommendation of the report.

Download a PDF version of the full report, created by James Crupi.

1993

Back to the Future: Richmond at a CrossroadsBack to the Future: Richmond at the Crossroads
This report is the result of 50 in-depth interviews with a broad range of Richmond’s business leaders. They were conducted with the express purpose of determining what those leaders felt about Richmond’s future. Virtually no business field was excluded. Almost all those interviewed were either the CEO, President, or Chairman of their respective companies, and represented such diverse fields as banking, law, investment, health care, manufacturing, retail, general services, high-technology, and education. Their businesses were located in the city of Richmond and in the counties of Chesterfield, Henrico, and Hanover.

Download a PDF version of the full report, created by James Crupi.

CEOs for Cities: Richmond Focus

National Talent Dividend Network

We know that educational attainment is the biggest predictor of success for cities and metro areas today. The research is unassailable. In fact, 58% of a city’s success, as measured by per capita income, can be explained by the percentage of the adult population with a college degree.

In a move to increase the political and civic will to produce more college graduates and thereby help cities capture real economic gains, CEOs for Cities has calculated the Talent Dividend. Richmond is one of CEOs for Cities’ 51 largest metropolitan areas striving to increase its educational attainment, measured by raising the four-year college attainment rate by one percentage point.

Other Regions

Boston

City of Ideas, Reinventing Boston’s Innovation Economy

Boston – Greater Boston has ridden out the economic downturn better than much of the nation, but without a critical reinvention of their innovation economy, Boston could lose much of that advantage, according to a report issued in March 2012 by the Boston Foundation. The report also spells out opportunities for the city and region to reduce economic inequality and develop a more robust, sustainable local economy.

The report, by the Boston Indicators Project, builds upon a theme first surfaced in the 2009 Boston Indicators Report, and finds that economic inequality in the city has reached even more serious levels, as the region’s economic growth sectors create new wealth, but leaves poorer parts of the city behind.

CEO for Cities

Cities and Economic Prosperity
Urban economies offer tremendous opportunities as vehicles for regional and national economic growth. The assets of cities are enormous, varied, concentrated in particularly critical sectors, and integral to regional economies, which account for the overwhelming portion of our national economy.

This report develops a “data-picture” of cities in layers, starting with a static snapshot of key economic indicators, and moving through more targeted views of critical types of cities and economic activity. A few key messages emerge from this developing picture of the assets and role of cities.

Download a PDF version of the report, created by CEO for Cities

City Advantage
Traditionally, the analysis of city economies has focused on their distinctive advantages in producing goods and services. But increasingly, the economic advantages of cities are driven by the range of choices they offer consumers. Production and consumption are intertwined, of course; everyone who is a producer is also a consumer. And just as many producers are becoming more mobile and global, much consumption is becoming more intensely local.

Download a PDF version of the report, created by CEO for Cities

 

The US Initiative
CEOs for Cities launched the US Initiative for one reason:  We continue to build too many of our communities – physically, economically, and socially – on an outdated set of beliefs.  This is expensive, wasteful and puts us way overdue for a new American dream.

The purpose of the US Initiative is to bring into very clear focus how communities can deliver on five big (very big) ambitions that, together, can define a new American dream.

Read more and download materials about the US Initiative

The Campaign for a Greater Baton Rouge

The Campaign for a Greater Baton Rouge is a five-year initiative designed to deliver a highly professional and proactive, nationally competitive regional economic development program for the businesses and families of the Baton Rouge area. The campaign enables BRAC to identify strategic economic development initiatives and pursue them energetically while identifying obstacles and aggressively addressing them.

 

Pittsburgh

Pittsburgh Regional Alliance
A survivor of wrenching economic change and strategically transformed, the Pittsburgh region has built on its historic strengths in manufacturing, finance, business services and energy to create a dynamic, balanced economy that’s outperforming benchmark cities. Hailed by U.S. President Barack Obama as a “model for turning the page to a 21st-century economy” and by the worldwide media as America’s great comeback story, Pittsburgh continues to create new industries born of research, innovation and entrepreneurship. At the same time, its investments in natural and cultural assets to create an exceptional quality of life are revealing Pittsburgh as a region with a rich past and a city of the future.

Inclusion in the Workforce:  Positioning the Pittsburgh Region to Prosper and Compete
The stark racial disparities that characterize Greater Pittsburgh’s
labor market weaken the regional economy and levy — much like
an onerous tax — high costs on the entire community. Building an
urban economy in which everyone participates and prospers is not
merely a matter of altruism or social justice, but rather a crucial step towards transforming an aged industrial center into a dynamic, 21st century city. This strategic report explains why, in this global information economy, racial equity and inclusion are the cornerstones of
sustained development and successful, healthy regional economies.

The Regional Economic Development Bibliography and Data Base — Pittsburg, 1994
This cumulative report, prepared in 1994 is an analysis of the economic development reports from the last decade and  stated expectations for future initiatives. It includes The Greater Pittsburgh Region: Working Together to Compete Globally report and other related reports. When taken together, they can be used to understand developments in the regional economy of southern Pennsylvania.

 

Oklahoma City: MAPS: Metropolitan Area Projects

In the early 1990s, the leaders of Oklahoma City were faced with a decision: to compete or retreat. The city was in the wake of the oil bust and had lost a bid for a United Airlines maintenance facility. The decision was made to compete, and a visionary project was launched – one that changed the face of Oklahoma City forever. That plan is Metropolitan Area Projects (MAPS), an ambitious program that’s one of the most aggressive and successful public-private partnerships ever undertaken in the U.S. The amount spent in this public/private partnership exceeds $3 billion.

Read more on Oklahoma City’s MAPS

Charleston 2010 Regional Economic Scorecard

This 2010 report is the inaugural Regional Economic Scorecard for the three-county Charleston region. This annual assessment of the region’s economic progress is meant to help guide discussions by local business, government, community and workforce leaders regarding strategies for shaping the region’s economic future.

Download the Charleston 2010 Regional Economic Scorecard

From Dishwashers to Digital Medical Records: Indiana’s Leadership in Health Information Technology

BioCrossroads HIT Report CoverThis February 2011 report by BioCrossroads, Indiana’s initiative to grow, advance and invest in the life sciences, traces 50 years of collaboration and partnership resulting in the state’s leadership in health information technology (HIT).

Download the BioCrossroads HIT Report, February 2011