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Newsletter - December 2017
Featured Project

The North Broad Renaissance (NBR), in partnership with Econsult Solutions, Inc. (ESI), has released the 2017 State of North Broad report. The report was made public during the annual State of North Broad fundraiser, and is used to support NBR's #ThinkBroad movement to promote economic development in the North Broad area. 

ESI conducted a holistic review of the area in order to gain a better understanding on a number of subjects pertaining to the residents of the North Broad census tracts and North Broad corridor. The report shows that the area has a number of favorable attributes and advantages over the rest of the city including a significant number of young, educated residents, greater population growth than the city as a whole and increases in housing prices. It concludes that the economic revitalization of North Broad Street will ultimately be driven by growth and development.

To read the report, click here.
News from the Lab
 
Smart City 2025: A Vision and Business Plan for the Future

In November ESI President Richard Voith and ThoughtLab CEO Louis Celi traveled to Barcelona to take part in the 2017 Smart Cities Expo. There they met with corporate and city leaders, who confirmed the need for rigorous economic research that will provide the business case, financing plan, and roadmap to becoming a smarter city of the future.
 
We are delighted to announce that we will be conducting the research in conjunction with the University of Pennsylvania's Institute for Urban Research and the Smart Cities Council. Accenture, Oracle, and Cognizant have agreed to sponsor the research, and we are now actively seeking to involve other companies across the smart city ecosystem, from mobility and infrastructure to energy and finance.  For further information, click here. 

7 Lessons Learned from Silicon Valley
 
As investment firms come to grips with massive disruption in their industry, there are lessons to be learned from Amazon's impact on the retail industry. Discover some of the takeaways offered by executives.
Proud to Sponsor
Cooper's Ferry Partnership, 2/8/18
Sustainable Business Network, 3/9/18
Previous Highlights

The Community Data Analytics (CDA) team of ESI has released a series of reports which cover the 50 states and the District of Columbia. These reports offer new and improved demographic multipliers which serve a critical role in development impact studies.  All 51 reports are offered to the public for free and can be downloaded here .
Check out our November Blog Posts in Present Value

Staff News

We're Hiring! ESI has an opening for the position of Marketing Assistant. For more information, click  here. 

Stephen Mullin will be part of a panel discussion at the 2018 Philadelphia Business Journal's Economic Conference.

Lee Huang  has been appointed to the  PHL Diversity Advisory Board .

Alison Shott was a contributing author for the recently published work  The Democracy Cookbook Recipes to Renew Governance in Newfoundland and Labrador 

Steve Wray was quoted in the Mercury Business on the Chester County Economic Development Council's economic impact.

ESI is proud to welcome Rebecca DeJoseph as our newest Senior Research Analyst.
Rebecca DeJoseph

Prior to joining ESI, Rebecca worked as a Senior Economist in the Economic Analysis and Information branch of the Bureau of Labor Statistics. In this position, she provided economic analysis of regional labor market data for the media, private business, and general public through customized presentations, reports, and news releases.

Senior Advisory Board News

Catherine Timko was mentioned in an article appearing in the Virginia Gazette which highlights our work with the City of Williamsburg and the Economic Development Authority.

Joel Naroff was quoted in the Washington Post in an article examining possible mortgage rate volatility. 

Senior Advisor Emeritus Ronald Bednar received the American Planning Association PA Chapter Planning Leadership Award for distinguished service.

Christophe Terlizzi was quoted in philly.com discussing the scaling back of Boyd Theater site apartment plan.

Brett Mandel examines some of the issues surrounding the process of passing tax policy in his monthly blog post. 
Industry News                            Client Spotlight
  • The PA Convention Center plans to add new signage on North Broad corridor amidst its continued renaissance.
  • Congratulations to all Globy awardees, and more specifically our friends Chellie Cameron (PHL International Airport), Paul Steinke (Preservation Alliance for Greater Philadelphia), and Deborah Diamond (Campus Philly)
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