User:Coogan630/sandbox
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- Tyler
- Coogan
Section 3
[edit]References
[edit]- ^ I got this from http://nytimes.com
- ^ Grisham, John (1997). The Chamber. McGraw-Hill. pp. 54–231. ISBN 00240570230240.
{{cite book}}: Check|isbn=value: length (help)
External Links
[edit]Added from talkpage
[edit]The next bus leaves at 8:45Evansza1 (talk) 00:19, 23 September 2010 (UTC) Dude, Let's Roll!Evansza1 (talk) 13:43, 19 October 2010 (UTC)
Reference test
[edit]This is the text which you are going to verify with a reference.[1]
References
[edit]- ^ Reference details go here
=Case Study Project - October 28th
[edit]The city of Detroit, Michigan, has undergone several revitalization efforts in the past few decades in order to address the region's urban economic decline. In recent years, the city has invested billions in various urban development projects, including over $500 million for the east located Detroit International Riverfront, $1.6 billion in construction projects in 2004 to prepare the city to host Super Bowl XL the next year, and a $300 million stimulus-funded effort in 2008 to redevelop various neighborhoods.[1]
While infrastructure improvement is an attempt to beautify the city, the fact remains that Detroit has been the victim of economic stagnation. An alarming unemployment rate of 28% and a deficit of $350 million[1] was partially caused by the collapse of the auto industry and further deepened as a result of the recent financial crisis. Despite this, economic practitioners remain positive that Detroit will decrease its reliance on the manufacturing sector and transform into an economy rooted in innovation and entrepreneurship. [2]
This doesn't mean that Detroit needs to completely abandon manufacturing. Rather, it needs to utilize the region's rich automotive history to break into new industries, such as battery technology, hybrid vehicles[2], and the auto parts industry, rather than the auto assembly industry which is typically dominated by large firms.[3] Also, a geographical advantage to Detroit is the border that it shares with neighboring Canada. This provides a unique opportunity for trade and organizational growth. For example, Detroit's Wayne State University and the University of Windsor, Canada host an annual business symposium in order to tap into this strategic advantage and expand cross-border partnerships between Detroit and the Windsor region.[4] Finally, the city has generous access to vacant building space and government financial support for small-business owners and entrepreneurs.[2] These are just a handful of ideas which exist in order to improve Detroit's struggling economy.
Several analytical methods of economic development exist in order to quantify the impact of such revitalization efforts on a particular region. Shift-share analysis uses output figures to measure the growth or decline of an industry, or to compare a region's economy during different time periods. Input-output analysis compares economic growth through several industries in a region by analyzing transactions between sectors and the effects on one industry if another experiences growth or decline. Economic base analysis utilizes location quotients to measure growth or decline in a regional industry in comparison to the national industry. Finally, cluster analysis incorporates several analytical methods to measure the effect of industrial interdependence in local and regional economic development.
References
[edit]- ^ John Ibbitson: Detroit in Crisis... But It Hasn't Given Up, The Globe and Mail (Canada), Aug. 18th, 2009.
- ^ a b c Evan Klonsky: 5 Reasons To Start A Business In Detroit, Inc. - Small Business Resources for the Entrepreneur, Oct. 7, 2010.
- ^ Glasmeier, McCluskey: U.S. Auto Parts Production: An Analysis of the Organization and Location of a Changing Industry, Economic Geography, 1987.
- ^ Nancy Cappola: We Are North America's Innovation Corridor!, Tech Town - Wayne State University Research and Technology Park, Mar. 29, 2010.