In this Present Value post, we’re looking back on different, innovative ways cities can catalyze economic activity. By examining multidisciplinary avenues for growth, cities can capitalize on their assets and increase economic growth. ESI brings a depth of knowledge from a breadth of experience and a data-driven toolbox that enables our clients to plan and implement successful programs, policies, and projects
One Way (of Many) to Be a World-Class City
Stephen P. Mullin, Principal | Originally published on July 8, 2016
Stephen P. Mullin explores the incredible growth and potential of Philadelphia, the positive impacts large events have on Philly’s local economy and calls for its residents to start rejoicing in their world-class city. He discusses the lingering ‘underdog’ mentality, encouraging Philadelphians to embrace large-scale events as opportunities for economic growth, improved city image, and community cohesion rather than viewing them as inconveniences to be avoided.
Five Ways Cities Can Foster and Catalyze Equitable Economic Recovery
Maud Lyon, Senior Advisor | Originally published on September 10, 2021
Maud Lyon discusses five ways that cities can use the arts strategically to improve life for all residents and support recovery of local economies. From infusing creativity into classrooms to leveraging the healing potential of art in healthcare, this blog post paints a vibrant picture of how the arts can sculpt more resilient, inclusive, and prosperous urban landscapes.
Understanding the Economic Impact of Film-Induced Tourism
Frank Robinson, Vice President | Originally published on June 16, 2023
Film-induced tourism is a great way for states and localities to boost their economy in the short and long term. First, using tax incentives, states can entice studios to film locally. Then, after release, tourism offices can create self-guided tours, showing off filming locations. This blog post looks at examples in Montana, with Yellowstone, and Georgia, with hits like The Hunger Games and Stranger Things.
Fit Cities: How Public Policy Gets You Moving
Andrea Mannino, Director | Originally published on August 26, 2016
Cities face numerous challenges when it comes to being considered healthy. Local economics, public policy, and community issues each play an integrated role in determining its ranking. These issues directly correlate to the population that resides in a city, and the health and well-being of residents. Intriguingly, while cities like Minneapolis, Washington D.C., and Boston consistently top the lists of healthiest cities, Philadelphia’s unique economic and demographic indicators reveal a complex interplay between poverty rates, public policy priorities, and overall health outcomes.
Running the Numbers, Tracking the Impact
Gabriele Connor, Analyst | Originally published on May 13, 2016
Major sporting events significantly boost local economies, as revealed in Gabi Connor’s insightful analysis. Focusing on marathons and triathlons, the study demonstrates how these athletic competitions drive tourism and stimulate spending across various sectors. Notably, an examination of IRONMAN triathlons uncovered a striking 42% increase in hotel prices during event weekends, underscoring the profound economic impact these events have on host cities.
The Case for an Arts Cluster
Christopher Swann, Senior Advisor | Originally published on October 4, 2019
Christopher Swann’s blog post explores the profound economic impact of arts clusters on local development, drawing parallels between Renaissance Florence and contemporary urban centers. Swann examines recent research from the Brookings Institution and individual studies, revealing how arts organizations catalyze economic growth by attracting complementary businesses and fostering innovation. The post highlights insights from a Temple University graduate’s analysis of optimal locations for arts enterprises in Philadelphia, underscoring the potential for strategic cultural investments to drive economic expansion and enhance quality of life in diverse community settings.
Moira Connell, Business Development Intern
Moira Connell is a Business Development and Marketing Intern at ESI. She is currently a student at the University of Pennsylvania studying Philosophy Politics & Economics and Consumer Psychology.