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Growth Monitor for Economic Development

Tracking the issues, programs, incentives, tax matters, and "lessons learned" affecting local economic development.
Public sector - Economic Development Consultants - Tourism Destination Strategy Consultants
New Research Reveals “Key Drivers” to Propel Urban Economies

AEC’s Growth Monitor

 

Researchers at Northwestern University have just published some interesting research, about “The universal pathway to innovative urban economies.”   The researchers analyzed industrial employment and population changes in 350 U.S. cities between 1998 and 2013, including over 100 million workers.

 

Key conclusions from the research include an observation that innovative economies start to emerge when an urban population reaches about 1.2 million people.   Along with this scale inference, the researchers noted that the transition to an innovative economy depends upon a a city’s ability to attract and retain certain “superlinear industries.”  Superlinear industries include the arts, entertainment, professional services, science, and information technology, each of which can grow out of proportion to underlying population growth.

 

As reported in SciTechDaily, one of the researchers wonders if the remote work promulgated by the COVID-19 virus and distancing may slow down the rate of innovation, in general.   The thinking is that innovation may require the spontaneous and serendipitous insights that come with incidental human interactions.    This insight certainly rings true for those that have managed collaborative and creative teams; sometimes the best ideas emerge even as the linear ideation and problem-solving proceeds.

 

An excellent review of the research is available at SciTechDaily, HERE.   The research as published is available for full review on the website of the American Association for the Advancement of Science, by clicking here: AAAS Research – The Universal Pathway to Innovative Urban Economies.

Opportunity Zone Consultants
Transfer of Development Rights Programs as a Revenue Tool for Local Governments

As local governments explore means to enhance their fiscal situation, transfer of development rights (“TDR”) programs may offer one worthy tool for immediate consideration.   TDR Programs are, simply, a voluntary and incentivized (typically) means to sell all or a portion of the development rights associated with a particular property, to a third-party who can use these development rights at another property.

 

Successful TDR Programs will have specific objectives for “transfer out” properties (such as conservation easements) along with specific objectives for the “transfer in” properties (such as enhanced densities to increase feasibility).   The “transfer out” property owner can still use the property in perpetuity (such as for agriculture or public park) for without the right to raze and further develop the “transfer out” property.

 

It is conceivable that local cities and counties, even states and state agencies, to create comprehensive TDR Programs that create local government TDR banks of considerable value.    Particularly at a time when municipal zoning and its objectives are ripe for discussion.   Consider – if “single family” residential neighborhoods are being evaluated for all manner of housing inserts, presumably for affordability, diversity, and equity purposes, … why not explore how general plan updates might include public/private (P3) partnerships across public parks where portions of parks are granted P3 development rights (fabricating new TDR’s of actual value).   Such fabricated TDR’s can then be used in place, used to offset public asset operating costs, or, fully transferred as TDR’s to a “transfer in” site.   With this fabricated land value that had not already existed, the local government achieves a new revenue source for sound public purpose.

Film studio conceptual design - Adventure Entertainment Cos.
California Dept. of Public Health Announces Return to Film Production as of June 12

 

 

On June 5 (yesterday), the California Department of Public Health provided its guidance that music, TV and film production can resume in California as of June 12, 2020.   The state approval is subject to further approval by county public health officers following their review of local epidemiological data including cases per 100,000 population, rate of test positivity, and local preparedness to support a health care surge, vulnerable populations, contact tracing and testing.

 

According to the state CDPH website, to reduce the risk of COVID-19 transmission, productions, cast, crew and other industry workers should abide by safety protocols agreed by labor and management, which may be further enhanced by county public health officers.  Back office staff and management should adhere to Office Workspace guidelines published by the California Department of Public Health and the California Department of Industrial Relations, to reduce the risk of COVID-19 transmission.

 

Such enhancements as CDPH refers to include the white paper released be the Industry-Wide Labor-Management Safety Committee Task Force associated with the Alliance of Motion Picture and Television Producers (“AMPTP”).   That white paper entitled “Proposed Health and Safety Guidelines for Motion Picture, Television, and Streaming Productions During the COVID-19 Pandemic was published on June 1, 2020.   For the convenience of our clients, that white paper is available here:    AMPTP COVID-19 Health and Safety Guidelines

 

 

COVID-19 guidelines
White Paper is Released Regarding Covid-19 Production Guidelines

 

A white paper has been released, titled “Proposed Health and Safety Guidelines for Motion Picture, Television, and Streaming Productions During the COVID-19 Pandemic (June 1, 2020).”   The guidelines are presented by the Industry-Wide Labor-Management Safety Committee Task Force associated with the Alliance of Motion Picture and Television Producers (“AMPTP”).

 

As a courtesy to our studio and production clients, we have provided a download of the white paper here (we had trouble finding the document):

 

COVID-19 Production Guidelines

 

According to its website since 1982, AMPTP has acted as the trade association “responsible for negotiating virtually all industry-wide guild and union contracts, including those with American Federation of Musicians (AFM); Directors Guild of America (DGA); International Alliance of Theatrical Stage Employees (IATSE); International Brotherhood of Electrical Workers (IBEW); Laborers Local 724; Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA); Teamsters, Local #399; and Writers Guild of America (WGA) among others.   The AMPTP, the entertainment industry’s official collective bargaining representative, negotiates 58 industry-wide collective bargaining agreements on behalf of hundreds of motion picture and television producers.”

 

Redevelopment Project Consultants - Real Estate Advisory Services
The Growth Monitor is Back; Tracking Local Economic Development Policies & Practices

StoneCreek Partners has re-launched a legacy brand from the earliest days of its predecessor company, StoneCreek Advisors.  Albeit with a a new name, The Growth Monitor.

 

The Growth Monitor will take the work of “Southern California Growth Monitor” to a national and international level, tracking regulations, incentives, policy and program tools, as well as lessons learned in implementing local economic development.

 

Southern California Growth Monitor was first established as a client resource publication by Phillips Brandt Reddick, the mega-scale master land use planning and development organization, and later acquired by StoneCreek Advisors upon its formation.    StoneCreek Advisors is a predecessor organization to StoneCreek Partners and several other companies.

 

 

Contact us for more information, we'll enjoy hearing from you.