The Pursuit of Economic Development Growing Good Jobs in U.S. Cities

This book addresses the challenge of securing high-paying jobs for American workers. It examines the impacts of a wide range of state and local characteristics—such as low taxes, high-skilled workforce, reliance on manufacturing, and even nice weather—on

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Todd M. Gabe

The Pursuit of Economic Development Growing Good Jobs in U.S. Cities and States

Todd M. Gabe University of Maine Orono, Maine, USA

ISBN 978-3-319-52475-7 DOI 10.1007/978-3-319-52476-4

ISBN 978-3-319-52476-4 (eBook)

Library of Congress Control Number: 2017936365 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made.The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration © CSA Plastock Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

For Pam and Quentin

ABOUT

THE

BOOK

This book addresses the challenge of securing high-paying jobs for American workers—a major issue facing the country today. It examines the impacts of a wide range of state and local characteristics (e.g., low taxes, high-skilled workforce, reliance on manufacturing, and nice weather) on the economic development of U.S. regions. For each of the factors considered, the author offers a simple explanation for why it might work and then provides a detailed account of its impact on the growth of good jobs. The research focuses on U.S. metropolitan areas and states, and tracks employment and income change in these regions from 1990 to the near present. While providing numerous best principles for state and regional policy, the author uncovers the keys to supporting high-paying U.S. jobs in an important book that should be read by elected officials, economic development practitioners and students interested in the pursuit of economic development.

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CONTENTS

1 Growth of Good US Jobs 1.1 It’s Economic Development, Stupid 1.2 Economic Development Indicators 1.3 Measures of Good Jobs: Income and Persistence Indices 1.4 Top US Regions for Economic Development 1.5 Picture