Eds and Meds and Three Kinds of Economic Development
Posted by Miriam Axel-Lute on December 5, 2013
My first reactions to Richard Florida's recent attempt to tip the sacred cow of "eds and meds" economic development were quite similar to what Steve Dubb wrote for us in response: (1) the statistical comparisons were a straw man, having the causality backwards and (2) community wealth building advocates in our field are not focused on building new hospitals, they are focused on turning the existing spending of these institutions into better engines of commnuity wealth building through local hiring, local contracting, local purchasing, and enlightened self-interest support of local community development.
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Miriam Axel-Lute is editor of Shelterforce and associate director of the National Housing Institute. Her email is miriam at nhi dot org.