The majority of the world’s population and economic activity takes place in, and immediately around, cities. Concentrations of people allow for great efficiencies in transportation and housing, but they also pose challenges.
Great cities like London are incredibly vibrant economic centers and – at the same time – are increasingly unaffordable for the people who work everyday to create that vibrancy. This new report highlights the affordable housing crisis in the U.S. and its impact on economic development and inequality.
Now, the good news – mid-sized metropolitan areas like the Columbus Region are not only a greater value than larger counterparts, they are also better positioned to remedy housing inequalities and challenges. People earning entry level wages or just beginning their careers can live in relative prosperity. Middle income families can live in safe neighborhoods with good schools close to their workplaces. And projects like insight2050 will help Columbus Region leaders understand, evaluate and prepare for the impacts of future growth and development.
Serious planning and diligent action are required to ensure that the Columbus Region retains its advantages.
One Columbus Update
- Last week, the Columbus Region Q1 2014 Economic Update was released. The Columbus Region unemployment rate has declined, as the Region continues to add jobs and outpace its counterparts.
- This week, the One Columbus team is conducting business development missions in Japan, the UK and on the West Coast.
- Local startup Sprout it has partnered with Marysville-based Scotts Miracle-Gro to give away 40,000 Gro-able Seed Pods at locations throughout Columbus. Click here to learn more.