What Makes Working Cities Work: Communities and Banking

Working Cities Cover 2Cities and towns that fail to retain and attract business are prone to decline, distress, and poverty. Detroit is today’s most familiar example, but some formerly prosperous industrial cities in New England also are struggling with disinvestment and job loss. What can such communities do to boost their chances of an economic renaissance?

Regions with rich mineral deposits, a warmer climate, or highly educated workers tend to be more prosperous than cities without such advantages — insights of little comfort to New England’s older cities. But a new analysis developed at the Dukakis Center for Urban and Regional Policy at Northeastern University suggests that municipal leaders have several ways to influence their community’s economic destiny.

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