City Vitals: How Do We Measure the Success of Cities? CEOs for Cities 2011 Fall National Meeting October 11, 2011 Robert Weissbourd.
Download ReportTranscript City Vitals: How Do We Measure the Success of Cities? CEOs for Cities 2011 Fall National Meeting October 11, 2011 Robert Weissbourd.
City Vitals: How Do We Measure the Success of Cities? CEOs for Cities 2011 Fall National Meeting October 11, 2011 Robert Weissbourd 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 Create Effective Public & Civic Culture & Institutions Enhance Regional Concentrations Deploy Human Capital Aligned with Job Pools Leverage Points for Sustainable and Inclusive Prosperity Increase Spatial Efficiency Develop InnovationEnabling Infrastructure DEGREE OF OVERLAP( %) 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 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 Except for citizen engagement, less focus on the institutional environment for economic success Possible additional factors: Government Fragmentation Tax-Value Proposition Governance 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 Different view of role, and particularly cause and effect, with respect to amenities. Additional factors important on margins (and intrametro): Good Housing and Safety Proposition Retail Services Access to Job Centers 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 DISCUSSION CEOs for Cities 2011 Fall National Meeting October 11, 2011 Robert Weissbourd It’s not the Chicken or the Egg – It’s the Incubator IT’S ABOUT PRODUCTIVITY Knowledge Workers Active Human Capital Knowledge Functions Industry High HC Occupation s Productive Industries To Attract Knowledge Workers, Build an Economy Characterized by High-Human Capital Occupations and Functions