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BusinessFlare Approach Downtowns Investment Drivers Quality of Life

Ciao San Fran! Part 3

Will Remote-Work Policies Lead to a Bay Area Exodus?

Will Remote-Work Policies Lead to a Bay Area Exodus? (Infographic)

Highlighting our opinion on one of the five investment drivers, Labor, is the continuing exodus from the San Fransisco area, once a thriving, authentic and awesome city that has ignored resident quality of life. while demanding more and more from those residents. This is great news for those communities that are actually creating great public places where people want to live.

Cities that embrace and understand the changing landscape of the labor markets and focus on quality of life as an economic development strategy will position themselves for success. Read more of our short opinion on this.

This is great for downtowns

This is great for Florida

This is great for Tennessee

This is great for Texas

From Entrepreneur Magazine – “the next question those companies’ employees will likely ask themselves is natural: Why would I stay in the Bay Area if I’m not going into the office? Long the epicenter of tech in the U.S., the Bay Area has become prohibitively expensive for all but the highest-paid workers. Its housing costs are among the highest in the nation, and it’s gotten so bad that companies like Google have pledged staggering sums to help solve the shortage of affordable housing.”

Read more… https://www.entrepreneur.com/article/351172

Categories
COVID-19 Downtowns Quality of Life

Ciao San Fran! Part 2

Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

relates to Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

From Bloomberg, a continuation of the coverage of California and the San Fransisco area’s apparent cluelessness regarding how the economy and labor markets work, and their continued efforts to drive business and high skill workers out of their area.

From the article: “Sachin Dhar thought he and his fiancée had a great deal paying $2,650 per month for a one-bedroom rental in South San Francisco, a short commute from Facebook Inc.’s offices in Menlo Park, where she works. But when the social networking company announced that most employees would be working from home until the end of the year, their calculation changed. “It makes no sense paying Bay Area rent if we can earn our salary living elsewhere,” says Dhar, 25, who already works remotely for a New York advertising startup. They’re considering moving to Hawaii—or, to really save money, somewhere in the rural U.S.”

relates to Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents
Facebook Headquarters

As workers seek out quality of life, working remotely means that they can live in places that offer great quality of life and quality of space, instead of spending you life in bunker in a sea of parking with no authenticity or character.

This is great for downtowns

This is great for Florida

This is great for Tennessee

This is great for Texas

I guess its also great for California… They get rid of those pesky capitalists.

Read more… https://www.bloomberg.com/news/articles/2020-05-14/tech-workers-consider-escaping-silicon-valley-s-sky-high-rents

Categories
COVID-19 Downtowns

Close the Streets!

For small businesses, survival may hinge on closing streets

Picnic tables and plants have been added to some streets in downtown Tampa.
Tampa Bay is allowing some restaurants to place tables in the street so the businesses can remain viable during social distancing. Barricades are placed around the outdoor seating that's now located in the street.

More coverage about Tampa’s leadership in working to bring stability back to their restaurant sector. This is catching on with many other communities. Really sad though to see another city that used to be an economic development leader when it came to disaster and economic recovery at the back of the pack these days.

Read more… https://www.cnn.com/2020/05/18/economy/cities-close-streets-restaurant/index.html

Categories
COVID-19 Downtowns Entrepreneurship

Main Street Retail Revival

The Pandemic Will Lead to the Revival of Main Street Retail


Great article and outlook by Robert Gibbs, definitely worth a read.
https://dirt.asla.org/2020/05/13/the-pandemic-will-lead-to-a-revitalization-of-main-street-retail/

Categories
COVID-19 Downtowns

Can Momentum Last?

Big city downtowns are booming, but can their momentum outlast the coronavirus?

Downtowns are awesome, and are fueled by innovation, entrepreneurship and capitalism. They are here to stay.

This report from Brookings has a good overview of the recent (20 year) resurgence of downtowns and urban centers, and questions the future of downtowns, which have seen significant growth and excitement in the recent past. Do downtown urban areas maintain their desirability post-COVID in the public’s mind?

Table1

They identify three critical questions: how growing downtowns support growth into more neighborhoods; how other downtowns can lear from peer cities with positive growth, and how to assuage fears during COVID that density is not threatened by future pandemics. Read more…https://www.brookings.edu/research/big-city-downtowns-are-booming-but-can-their-momentum-outlast-the-coronavirus/