BENEFITING: AMERICAN MILLENNIUM INSTITUTION INC
The Urban Economic Development Program enables cities to realize their full potential by undergoing a three-step transformation process. We primarily target promising cities with a history of facing overwhelming challenges to partner with as we begin this process. To start, an evaluation takes place of the current positioning of the city as compared to other cities to meet the people’s needs of the future. After the positioning assessment, we determine the appropriate future positioning (the “goal”), and define how the alignment of the city’s assets can work together to take the new position (the “strategy”). Finally, we develop an integrated plan to articulate each asset’s unique role, approach, and timing for conducting initiatives that enable the city’s resources to be “force multiplied,” ensuring sufficient resources for immediate needs while achieving the long-term positioning. This model can set an example for other cities who will need to navigate similar challenges as the 21st century economy takes hold.