Where you build a business is as important as what type of business you have. Today’s guest is an expert on economic development for businesses. Steven Pedigo is the director of the NYUSPS Urban Lab. As an expert and strategist in urban economic development, regional cooperation and placemaking, Steven has developed intelligence and strategies for an array of cities.

 

Cities are going to become more dense. People will continue to want to live in urban environments. The sharing economy will continue to thrive. People want to stay connected, even in our virtual world. Cities continue to face integration issues and may still be divided along class or race lines. People will always continue to build community no matter where they live. Because of these factors, it's important to make sure you choose a location that is going to support your business and your employee's lifestyle. Let's listen as Steven gives us the data to keep us informed!

 

 

Show Highlights:

 

• Is human capital plentiful? Cities have skill sets so it’s critical to understand the talent you will need. 
• The clustering effect can foster a business-friendly eco-system in a locale.
• Corporate tax structure is an important consideration.
• Quality of life in your city will play an important role in the recruitment of talent.
• Millennials are very concerned about where they will live from the quality of life perspective. They pick locations before they explore opportunities.
• Cities need to focus on talent attraction, not just company attraction.
• Economic growth doesn’t mean equality. 
• Cities have to create a fabric of a great community to attract both talent and companies.

 

Links:

 

www.sps.nyu.edu/urbanlab

 

www.creativeclass.com

 

www.twitter.com/iamstevenpedigo